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 25, 2001
NQL INC.
(Exact Name of Registrant as Specified in its Charter)
Delaware
(State or Other Jurisdiction of
Incorporation or Organization)
0-10558 33-0887356
(Commission File Number) (I.R.S. Employer
Identification No.)
19000 MacArthur Boulevard, 5th Floor, Irvine, CA 92626
(Address of Principal Executive Offices) (Zip Code)
(949) 440-7902
(Registrant's telephone number,
including area code)
Item 5. Other Events.
On September 10, 2001, NQL Inc. notified the Nasdaq Hearing Panel of NQL's
decision to cease its appeal relating to the delisting of NQL's common stock
from the Nasdaq National Market. As a result, on September 17, 2001, NQL
received a Staff Decision Letter informing NQL that its common stock would be
delisted from the Nasdaq National Market at the opening of business on Tuesday,
September 18, 2001.
The Company's press release dated September 19, 2001, filed as Exhibit 99.1
to this Report, is incorporated herein by reference.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
99.1 Text of Press Release dated September 19, 2001.
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.
NQL INC.
Date: September 25, 2001 By:/s/ Matthew C. Harrison, Jr.
---------------------------------------
Matthew C. Harrison, Jr.
Chairman of the Board of Directors
Index to Exhibits
Exhibit Description
99.1 Text of Press Release dated September 19, 2001
EXHIBIT 99.1
[LOGO]
NEWS RELEASE
FOR IMMEDIATE RELEASE
NQL INC. ANNOUNCES DELISTING
Irvine, Calif., September 19, 2001 - As previously announced, on September 10,
2001, NQL Inc. had notified its NASDAQ Hearing Panel of its decision to cease
its appeal relating to the delisting of its common stock. As a result, on
September 17, 2001, the Company received a Staff Decision Letter informing the
Company that its common stock would be delisted from the NASDAQ National Market
at the opening of business on Tuesday, September 18, 2001. As previously
indicated, the Company expects that its stock will be traded on the over the
counter bulletin board.
About NQL Inc.
NQL, through its DCi division, provides professional services including Internet
and intranet consulting, network design, installation and maintenance as well as
onsite support for customers located primarily in the northeastern U.S. NQL's
DCi division also provides management and consulting services, information
technology services and products to vertical markets such as financial
institutions, "Big 5" accounting firms, major healthcare providers,
pharmaceutical companies and educational institutions. NQL's software division
develops and deploys intelligent software solutions based on its patent-pending
Network Query Language(TM) core technology, providing enterprises with an
alternative to chaotic, ad hoc information architectures. NQL provides its
scalable, augmentative software solutions to partner systems integrators,
Fortune companies, Internet marketplaces, software vendors and Internet-based
service providers. The Company is currently in the process of seeking a
purchaser for its software division. For more information, please see the
company's prospectus on file with the SEC or visit the company's web site at
http://www.nqli.com.
Network Query Language and all names of NQL Inc.'s other services or products
are trademarks of NQL Inc. in the U.S. and certain other countries. All other
trademarks are the property of their respective owners.
Certain statements in this press release are "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements involve known and unknown risks and uncertainties,
including (i) the actual effect on the Company and the trading of its securities
of any delisting of the Company's stock from the Nasdaq National Market, (ii)
whether the Company's stock will trade on the over the counter bulletin board,
and (iii) whether there will continue to be a public market for trading of the
Company's securities, as well as other risk factors set forth from time to time
in the Company's SEC reports. Readers are cautioned not to place undue reliance
on these forward-looking statements, which speak only as of the date hereof and
the Company undertakes no obligation to update these forward-looking statements.
For further information, please contact Matthew Harrison, Chairman of the Board
of NQL Inc., (212) 453-1525, or mharrison@dcis.com.