UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form 8-K/A
Amendment No. 1
Current Report
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 10, 2004
The Finx Group, Inc.
(Exact name of small business issuer as specified in its charter)
(formerly known as Fingermatrix, Inc.)
Delaware 0-9940 13-2854686
(State or other jurisdiction of (Commission file (IRS Employer
incorporation or organization) number) Identification Number)
21634 Club Villa Terrace 33433
(Address of Principal Executive Offices) (Zip Code)
(561) 447-6612
(Registrant's telephone number, including area code)
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Item 5. Other Events and Regulation FD Disclosure
On or about April 20, 2004, The Finx Group, Inc., (the "Company") became aware
of a press release issued by DataWorld Solutions, Inc. and its subsidiary, DWS
Defense Systems, Inc., that a "preliminary letter of intent" had been entered
into by which Georal International, Inc. ("Georal") had granted as yet
undisclosed distribution and integration rights to DWS Defense Systems, Inc.
Subsequent to the press release referred to in the previous paragraph, the
Company received a letter from GIL Security Systems, Inc. ("GIL") (i) purporting
to terminate a recent restatement and amendment of the exclusive distribution
agreement among GIL, Georal, the individual who owns the stock of GIL and
Georal, and the Company pursuant to which the Company's subsidiary, Secured
Portal Systems, Inc., has exclusive marketing rights to GIL's secure portal
products and (ii) stating that all agreements between the parties have been
terminated.
The Company is considering its legal rights and believes that Secured Portal
will continue to be able to exercise its right to market the security portals in
major markets groups; however, the Company can give no assurance as to its
ability to protect such rights or, if litigation is necessary, that it will
prevail in any legal action it may commence.
Statements in this Form 8-K may be "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. These
statements are based on current expectations, estimates and projections about
the Company's business based, in part, on assumptions made by management and its
evaluation of its rights. These statements are not guarantees of future
performance and involve risks, uncertainties and assumptions that are difficult
to predict. Therefore, actual outcomes and results may, and probably will,
differ materially from what is expressed or forecasted in such forward-looking
statements due to numerous factors, including the Company's financial condition,
the uncertainties of litigation and other factors described above and discussed
from time to time in the Company's with the Securities and Exchange Commission,
including the Risk Factors and the Management's Discussion and Analysis of
Financial Conditions and Results of Operations in the Form 10-K for the year
ended December 31, 2003. In addition, such statements could be affected by
general industry and market conditions and growth rates, and general economic
conditions. Any forward-looking statements speak only as of the date on which
they are made, and the Company does not undertake any obligation to update any
forward-looking statement to reflect events or circumstances after the filing
date of this Form 8-K.
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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.
Date: May 13, 2004 /S/Lewis S. Schiller
Chief Executive Officer
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