8-K 1 tfgnov1101_8-k.txt FORM 8-K DOCUMENT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 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): November 11, 2001 The Finx Group, Inc. (formerly known as Fingermatrix, Inc.) -------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 0-9940 13-2854686 ---------------------- --------------- -------------- (State or other jurisdiction of (Commission file (IRS Employer incorporation or organization) number) Identification Number) 249 Saw Mill River Road, Elmsford, NY 10523 ------------------------------------------------------------------------ (Address of Principal Executive Offices) (Zip Code) (914) 592-5930 ----------------------------------------------------------------------- (Registrant's telephone number, including area code) -1- Item 2. Acquisition or Disposition of Assets On November 11, 2001, the Registrant entered into a binding letter of intent to acquire an equity interest in Trans Global Services, Inc. ("Trans Global"). Pursuant to the letter of intent, the Registrant would receive 5,000,000 shares of Trans Global's common stock in exchange for 2,500,000 shares of the Registrant's common stock. In addition, the Registrant would purchase preferred equity, convertible into a maximum of 3,000,000 shares of Trans Global's common stock, for $1 million. Further, the letter of intent requires immediate election of the Registrant's appointees to the Trans Global board of directors including the appointment of Lewis S. Schiller as Trans Global's Chairman of the Board, after which, the Registrant's appointees would represent a majority of the Trans Global board of directors. Lewis S. Schiller is the Chief Executive Officer and Chairman of the Board of the Registrant. Item 5. Other Events The Registrant's subsidiary, Sequential Electronic Systems, Inc., was notified by its lender, that its current revolving line of credit would not be renewed beyond November 30, 2001. Prior to such notification, the revolving line of credit was being provided on a month to month basis. The Registrant is currently investigating how such revolving line of credit funding will be replaced. -2- SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. THE FINX GROUP, INC. By:/S/ Lewis S. Schiller Chief Executive Officer Date: November 21, 2001 -3-