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 23, 2002
MAGNITUDE INFORMATION SYSTEMS, INC.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
33-20432 75-2228828
(Commission File Number) (IRS Employer Identification No.)
401 State Route 24, Chester, New Jersey 07930
(Address of principal executive offices) (Zip Code)
(908) 879-2722
(Registrant's telephone number)
INFORMATION TO BE INCLUDED IN THE REPORT
Item 9. Regulation FD Disclosure
On September 23, 2002, the registrant issued the press release attached as Exhibit 99.1.
______________________________________
SIGNATURES
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, thereunto duly authorized.
MAGNITUDE INFORMATION SYSTEMS, INC.
Dated: September 23, 2002 By:/s/ Steven D. Rudnik_______________
Steven D. Rudnik, President
EXHIBIT INDEX
Exhibits:
Exhibit 99.1
Press release dated September 23, 2002
Lockheed Martin Contracts with Magnitude for Enterprise Software License to
Protect Employees While Using Computers
CHESTER, NEW JERSEY - September 23, 2002 -- Magnitude Information Systems,
Inc. (Symbol: MAGY), the leading developer of Anti-InjuryT ergonomic
software solutions for government agencies, Fortune 500 corporations and
consumers, today announced an agreement to provide Lockheed Martin with an
Enterprise License for it's award winning ErgoEnterprise software Platform
featuring its patented Anti-InjuryT software product suite to provide
employees with essential computer ergonomics tools at their desktops. The
completed agreement includes maintenance upgrades and support for the next
five years.
The selection of ErgoEnterprise was based on the dramatic results of an
extensive phased program at multiple Lockheed Martin locations within the
United States since the year 2000. The comprehensive testing process covered
tens of millions of key and mouse observations. The phased program measured
"real world" impact on employees' health while using a computer, their
perception of the product and productivity, as well as the reduction in
Worker's Compensation claims for Musculoskeletal Disorders (MSDs) such as
Carpal Tunnel Syndrome.
"Ensuring that Lockheed Martin employees have quality tools and technologies
to perform their mission in a safe environment are key to success," said
Scott Evans, Director of Facilities and ESH at Lockheed Martin. "Ergonomic
tools, like the ErgoEnterprise software, helps protect our employees from
risks of workplace injury and provides enhancements to their daily
performance."
"This is an excellent milestone and once again provides the real world
metric that our patented Anti-InjuryT suite is the only ergonomic product
with a proven and measurable return on investment," stated Mark Fuller, SVP
Business Development, and Magnitude Information Systems. "Good ergonomics
equals good economics. It's clear from Lockheed Martin's decision that
ErgoEnterprise has again been proven a reliable solution for companies which
want to take innovative and preventive steps to reduce computer-related
injuries, while at the same time increase their overall employee
productivity and work environment."
Steven D. Rudnik, Magnitude Founder, Chairman, and Chief Executive Officer
added: "Lockheed Martin recognized the importance of people learning to
correctly use computers at all ages not just at work but at home. Magnitude
supported Lockheed Martin by providing our home and children's software to
Lockheed Martin's employees' families and children in a special arrangement.
Lockheed Martin is a special company who clearly understands that their
biggest asset is their employees. We applaud that decision as it clearly
demonstrates that the sense of family and unity at Lockheed Martin extends
beyond the workplace".
Mr Rudnik continued, "This is a defining moment for Magnitude although
people may not understand that for some time to come. Much like Norton and
the growth of the Anti-Virus Industry, Magnitude, the first mover, is
leading the new global Anti-Injury Industry forward with proven solutions."
More About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin is a global enterprise
principally engaged in the research, design, development, manufacture and
integration of advanced technology systems, products, and services. The
Corporation's core businesses are systems integration, space, aeronautics,
and technology services. Revenues exceed $24 billion annually. For more
information, visit http://www.lockheedmartin.com
More About ErgoEnterprise
ErgoEnterpriseT provides measurable benefits throughout an enterprise
through use of its proven business solutions using Magnitude's patented
state of the art proprietary ergonomic software. ErgoEnterprise is an
essential new tool in the 'battle of the bottom line', particularly in this
day and age, to help prevent carpal tunnel syndrome and other computer
related injuries resulting in higher Workers Compensation and Insurance
premiums, as well as significant productivity enhancement through the
science of ergonomic engineering.
About Magnitude Information Systems, Inc.
Magnitude Information Systems, Inc. is the leading developer of ergonomic
management software solutions for computer users. Magnitude's Anti-InjuryT
software products for business help companies and government agencies
realize measurable productivity gains, reduced workers' compensation and
medical claims costs associated with people working at computers.
Magnitude's Anti-InjuryT software products for consumers help children and
adults at home and school reduce common ergonomic risk factors associated
with people working at computers. For more information, contact Magnitude at
888-786-7774 or visit http://www.magnitude.com .
This press release contains forward-looking statements that, if not
verifiable historical fact, may be viewed as forward-looking statements that
could predict future events or outcomes with respect to Magnitude
Information Systems, Inc., and its business. The predictions embodied in
these statements will involve risks and uncertainties and accordingly,
Magnitude Information Systems' actual results may differ significantly from
the results discussed or implied in such forward-looking statements.
