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): September 30, 2003

NEXPRISE, INC.

(Exact name of registrant as specified in its charter)

Delaware	0-26811	77-0465496
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

5950 La Place Court, Suite 200
Carlsbad, CA 92008
(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (760) 804-1333

Not Applicable
(Former name or former address, if changed since last report)

TABLE OF CONTENTS

	Item 5. Other matters.
	Item 7. Financial Statements and Exhibits.
SIGNATURE
EXHIBIT INDEX
EX-99.1

Item 5. Other matters.

     On September 30, 2003, Nexprise, Inc. (the “Company”) issued a press release announcing the sale of its interest in Ingenuity Systems Inc. Under the terms of the agreement, NexPrise has sold all of its shares of Ingenuity preferred stock for $1 million in cash to parties unaffiliated with NexPrise. The transaction will result in a gain of approximately $400,000, which NexPrise will report in the quarter ending September 30, 2003. A copy of the Company’s press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 7. Financial Statements and Exhibits.

     (c)  Exhibits.

Exhibit No.	Description
99.1	Press release dated September 30, 2003

SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	NEXPRISE, INC.
Date: October 1, 2003	By:	/s/ Jerome E. Natoli
		Jerome E. Natoli
		Chief Financial Officer

EXHIBIT INDEX

Exhibit No.	Description
99.1	Press release dated September 30, 2003

EX-99.1 3 f93419exv99w1.htm EX-99.1

Exhibit 99.1

NEXPRISE ANNOUNCES SALE OF INTEREST IN INGENUITY

CARLSBAD, CA.—September 30, 2003 — NexPrise, Inc. (Nasdaq NXPS), a provider of business process automation and management applications, today announced the sale of their interest in Ingenuity Systems, a provider of systems biology expertise to biologists and bioinformatacians.

Under the terms of the agreement, NexPrise has sold all of its shares of Ingenuity preferred stock for $1 million in cash to parties unaffiliated with NexPrise. The transaction will result in a gain of approximately $400,000, which NexPrise will report in the quarter ending September 30, 2003. The sale is in line with NexPrise’s corporate strategy to focus on growing its core business, the delivery of business process applications and technology for the manufacturing industry.

About NexPrise

NexPrise, Inc., provides business process applications and markets solutions that can enable manufacturers to rapidly automate and manage key business processes and produce a return on investment in less than 6 months. These solutions complement and expand on currently installed enterprise systems and allow for the ongoing process improvements companies require to meet their changing business demands. NexPrise, Inc. is headquartered in Carlsbad, California. For more information, please visit www.nexprise.com.

For Media Inquiries:
Tom Anthony
NexPrise, Inc.
760-804-1333
tanthony@nexprise.com

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EX-99.1

Exhibit 99.1