0000912057-01-535455.txt : 20011019 0000912057-01-535455.hdr.sgml : 20011019 ACCESSION NUMBER: 0000912057-01-535455 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20011015 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20011015 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NEW CENTURY EQUITY HOLDINGS CORP CENTRAL INDEX KEY: 0001013706 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MANAGEMENT CONSULTING SERVICES [8742] IRS NUMBER: 742781950 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-28536 FILM NUMBER: 1759248 BUSINESS ADDRESS: STREET 1: 10101 REUNION PLACE, SUITE 450 CITY: SAN ANTONIO STATE: TX ZIP: 78216 BUSINESS PHONE: 2103020444 MAIL ADDRESS: STREET 1: 7411 JOHN SMITH DRIVE STREET 2: STE 200 CITY: SAN ANTONIO STATE: TX ZIP: 78229 FORMER COMPANY: FORMER CONFORMED NAME: BILLING CONCEPTS CORP DATE OF NAME CHANGE: 19980814 FORMER COMPANY: FORMER CONFORMED NAME: BILLING INFORMATION CONCEPTS CORP DATE OF NAME CHANGE: 19960722 8-K 1 a2061122z8-k.txt 8-K ================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 -------------------- FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): October 15, 2001 (October 4, 2001) New Century Equity Holdings Corp. -------------------------------------------------- (Exact Name of Registrant as Specified in Charter) Delaware 000-28536 74-2781950 ---------------------------- ------------ ------------------- (State or Other Jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No.) 10101 Reunion Place, Suite 450, San Antonio, Texas 78216 -------------------------------------------------- ---------- (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (210) 302-0444 ================================================================================ ITEM 5. OTHER EVENTS On October 4, 2001, the Company received notice from The Nasdaq Stock Market, Inc. ("Nasdaq") that the minimum bid price and market value of public float requirements for continued listing on Nasdaq, as required by Nasdaq Marketplace Rule 4450(a)(5), have been suspended until January 2, 2002. This suspension withdraws the Nasdaq's previous notice to the Company, dated September 4, 2001, indicating the Company's deficiency with the requirements. On October 11, 2001, the Company announced its participation in a private placement financing with Sharps Compliance Corp. ("Sharps"). The Company and various other investors purchased a total of 1,100,000 shares of Sharps' common stock for $1.10 per share (total gross proceeds of $1,210,000). The Company purchased 700,000 shares of Sharps' common stock for total consideration of $770,000. Through the 700,000 shares of common stock, the Company owns approximately 7.1% of the voting securities of Sharps. Mr. Parris H. Holmes, Jr., Chairman of the Board and CEO of the Company, is also a member of the Board of Directors of Sharps. ITEM 7. FINANCIAL INFORMATION, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS (a) Financial Information Not applicable. (b) Pro Forma Financial Information Not applicable. (c) Exhibits Exhibit Description ------- ----------- 99.1 Press Release, dated October 11, 2001 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has caused this current report to be signed on its behalf by the undersigned hereunto duly authorized. NEW CENTURY EQUITY HOLDINGS CORP. Date: October 15, 2001 By: /s/ DAVID P. TUSA ------------------------------------- Name: David P. Tusa Title: Senior Vice President, Chief Financial Officer and Corporate Secretary INDEX TO EXHIBITS Exhibit Number Description ------- ----------- 99.1 Press Release, dated October 11, 2001 EX-99.1 3 a2061122zex-99_1.txt EXHIBIT 99.1 EXHIBIT 99.1 SHARPS ANNOUNCES $1.2 MILLION EQUITY FINANCING HOUSTON, Texas (October 11, 2001) -- Sharps Compliance Corp. (OTC BB: SCOM), a leading provider of cost-effective logistical and training solutions for the hospitality and healthcare industries, through its wholly owned subsidiary, Sharps Compliance, Inc., today announced the completion of a private placement of 1,100,000 shares of its common stock at a price of $1.10 per share for a total fund raise of $1,210,000. Commenting on the announcement, Dr. Burt Kunik, Chairman of the Board and Chief Executive Officer of Sharps, stated, "This financing is designed to provide the capital necessary for Sharps to support the Company through its growth period. The growth is focused on Home Self-Injector programs, continued increases in demand for Home Healthcare medical waste disposal and other logistical and retail solutions." The lead financial investor in the private placement was New Century Equity Holdings Corp. (Nasdaq: NCEH) through the purchase of 700,000 shares of common stock. Also commenting on the announcement Parris H. Holmes, Jr., Chairman of the Board and Chief Executive Officer of New Century stated, "We are very pleased with the strong foundation that Sharps has put in place over the past two years as reflected in the quarter-over-quarter revenue growth. Additionally, we believe the Company is developing a compelling story and business model in the healthcare arena." Mr. Holmes is a member of the Board of Directors of Sharps Compliance Corp. Headquartered in Houston, Texas, Sharps partners with companies and institutions to develop cost-effective solutions that improve profitability. The Company's primary products include Sharps Disposal by Mail(TM) Systems, Sharps Tracer(TM), Pitch-It(TM) IV Poles and Trip LesSystems(TM). The Company's systems and services allow a wide variety of regulated industries, including healthcare and hospitality, to focus on their core competencies and enable them to better manage assets, regulatory compliance and employee education. Sharps Compliance Corp.'s common stock trades on the OTC Bulletin Board under the symbol SCOM. New Century Equity Holdings Corp. (Nasdaq: NCEH), a holding company focused on high growth, technology-based companies and investments, is a financial investor in Sharps Compliance Corp. For further information, please visit WWW.NEWCENTURYEQUITY.COM. ANY FORWARD-LOOKING STATEMENTS IN THIS RELEASE ARE MADE PURSUANT TO THE "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION ACT OF 1995. INVESTORS ARE CAUTIONED THAT ACTUAL RESULTS MAY DIFFER SUBSTANTIALLY FROM SUCH FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS INVOLVE RISKS AND UNCERTAINTIES INCLUDING, BUT NOT LIMITED TO, CONTINUED ACCEPTANCE OF THE COMPANY'S PRODUCTS AND SERVICES IN THE MARKETPLACE, COMPETITIVE FACTORS, NEW PRODUCTS AND TECHNOLOGICAL CHANGES, DEPENDENCE UPON THIRD-PARTY VENDORS, CUSTOMER RELATIONS, GOVERNMENT SUPERVISION AND REGULATION, CHANGES IN INDUSTRY PRACTICES, CHANGES IN THIRD-PARTY EXPENSE REIMBURSEMENT PROCEDURES, AND OTHER RISKS DETAILED IN THE COMPANY'S PERIODIC FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION. For further information, please contact: Dr. Burt Kunik, President and CEO, Sharps Compliance Corp., at (800) 772-5657 or via e-mail at BKUNIK@SHARPSINC.COM or Gary L. Shell, CFO, Sharps Compliance Corp., at (800) 772-5657 or via e-mail at GSHELL@SHARPSINC.COM or visit the Sharps Web site at HTTP://WWW.SHARPSINC.COM.