-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, MbmKc9nhNRP/NL2GvEU42Kn7KOpAKLxMZZHfH4cCDW+qI0AWayh3KihYl6Q/QSQg 9K27cmh8W99xljMzwidnqQ== 0001019056-02-000692.txt : 20021007 0001019056-02-000692.hdr.sgml : 20021007 20021007131945 ACCESSION NUMBER: 0001019056-02-000692 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20021004 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: FILED AS OF DATE: 20021007 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DIRECTPLACEMENT INC CENTRAL INDEX KEY: 0001065191 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374] IRS NUMBER: 870401453 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-25449 FILM NUMBER: 02782986 BUSINESS ADDRESS: STREET 1: 3655 NOBEL DR STREET 2: SUITE 540 CITY: SAN DIEGO STATE: CA ZIP: 92122 BUSINESS PHONE: 858-623-1600 MAIL ADDRESS: STREET 1: 3655 NOBEL DR STREET 2: STE 540 CITY: SAN DIEGO STATE: CA ZIP: 92122 FORMER COMPANY: FORMER CONFORMED NAME: PPI CAPITAL GROUP INC DATE OF NAME CHANGE: 19980630 8-K 1 form8_k.txt FORM 8-K 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 4, 2002 --------------- PCS RESEARCH TECHNOLOGY, INC. ------------------------------------------------------ (Exact name of registrant as specified in its charter) Delaware 0-25449 33-0856651 (State or other (Commission (IRS Employer jurisdiction of File Number) Identification No.) Formation) 3655 Nobel Drive, Suite 540 San Diego, California 92122 ------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (858) 623-1600 -------------- DIRECTPLACEMENT, INC ----------------------------------------------------------- (Former name or former address, if changes since last report) Item 5. Other Events. On October 4, 2002, DirectPlacement, Inc., a Delaware corporation, changed its name to "PCS Research Technology, Inc." (the "Company") by amending its Certificate of Incorporation. On October 7, 2002, the Company's trading symbol on the OTC Bulletin Board was changed to "PCSR" to reflect the change in the Company's name. Item 7. Financial Statements, Pro Forma Information and Exhibits. (c) Exhibits 99 Press Release dated October 7, 2002. Item 9. Regulation FD Disclosure. Exhibit 99 hereto sets forth a press release issued by the Company to report the name change and additional information about the Company. 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly authorized and caused the undersigned to sign this Report on the Registrant's behalf. PCS RESEARCH TECHNOLOGY, INC. By:/s/ BRIAN M. OVERSTREET --------------------------------- Name: Brian M. Overstreet Title: President and Chief Executive Officer Dated: October 7, 2002 3 EX-99 3 ex99.txt EXHIBIT 99 Exhibit 99 ---------- PCS Research Technology Company Contact: Renee L. Mullen Director, Investor Relations PCS Research Technology, Inc. 858-200-2341 FOR IMMEDIATE RELEASE DIRECTPLACEMENT, INC. CHANGES NAME TO PCS RESEARCH TECHNOLOGY, INC. Company Also Announces the Launch of the PCS Research Platform San Diego, CA--October 7, 2002--DirectPlacement, Inc. (OTCBB: DPLM), a leading financial technology company and provider of independent research to institutional investors, today announced that it has changed its name to PCS Research Technology, Inc. (OTCBB: PCSR). The Company also debuted the PCS Research Platform available at www.pcsresearch.com. The new name combines the well-known PCS Securities, Inc. brand name with the Company's commitment to enhancing independent research with its technology expertise and single-source research platform. The name change becomes official today, and the Company's shares of common stock will begin trading under the new ticker symbol PCSR. The Company's previous name derived from its focus on providing independent research and services for the private placement (PIPE) market, specifically through its PlacementTracker service. Over a year ago, the Company recognized that a significant opportunity existed in extending the technology expertise it had developed for its PlacementTracker research product to other independent research services. To take full advantage of this opportunity in the independent research market, the Company acquired PCS Securities, Inc. in December 2001. The acquisition brought the Company a base of more than 400 top-tier institutional clients, a 13-year track record of marketing independent research, and an established brand name in the independent research space. PCS Research Platform In order to fully leverage the Company's technology and product development capabilities with the PCS Securities research product line and client base, the Company also announced the official debut of the PCS Research Platform, a newly developed Web-based platform for the distribution of multiple independent research services. Available at www.pcsresearch.com, the PCS Research Platform will offer institutional investors a variety of independent research services from a single-source user interface. In addition, the Platform will provide clients analytical tools to make independent research and data interactive by allowing users to manipulate variables, change analyst assumptions, and test their own investment theses and models. 4 Brian M. Overstreet, President and Chief Executive Officer, said, "Our decision to rename the Company PCS Research Technology was a natural step in the evolution of our business. Under the leadership of Susanne Pruitt, PCS is a well-regarded brand name on Wall Street, and the Company is fortunate to benefit from it." Commenting on the launch of the PCS Research Platform, Overstreet said, "Our new research platform allows us to integrate and distribute independent research products more efficiently, while making the research services more useful and valuable for our clients. In addition, our research providers will be equipped with easy-to-use publishing tools that free them up to concentrate on their research." Overstreet explained that the synergies from the PCS Securities acquisition have enabled the Company to accelerate its revenue growth over the past year. Since the integration of PCS in the first half of this year, the Company has focused on development of the new PCS Research Platform, and it has entered into distribution and/or development agreements with three well-regarded independent research firms, Btech Investor, Uncommon Shorts, and La Jolla Economics. The Company expects to add to the Platform Web-based versions of these services during the fourth quarter. The Company anticipates that it will continue to pursue the addition of more independent research services through a combination of product development, distribution, and joint-venture agreements. The Company noted that its broker-dealer subsidiary, PCS Securities, Inc., will continue to operate under its original name. PCS Research Technology PCS Research Technology, Inc., formerly DirectPlacement, Inc, uses an advanced proprietary technology platform to develop, market, and distribute financial research, data, and analytics. The Company is leveraging its technology to become the leading single-source provider of independent research for the institutional investment community. Through its wholly owned broker-dealer subsidiary, PCS Securities, Inc., the Company provides independent research and institutional trading services for institutional investors. For more information, please visit the PCS Research Technology website at www.pcsresearch.com. Safe Harbor Statement Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties, and other unknown factors that could cause the actual results of the Company to be materially different from historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates," "will," or "plans" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission. 5 -----END PRIVACY-ENHANCED MESSAGE-----