SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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) August 31, 2001
TEAMSTAFF, INC.
(Exact name of Registrant as specified in charter)
New Jersey 0-18492 22-1899798
(State or other jurisdic- (Commission (IRS Employer
tion of incorporation) File Number) Identification No.)
300 Atrium Drive, Somerset, N.J. 08873
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (732) 748-1700
(Former name or former address, if changed since last report.)
N/A
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
As previously reported on Form 8-K filed with the Commission on September
7, 2001, TeamStaff, Inc.(the "Company") completed its previously announced
transaction with BrightLane.com, Inc. As a result of a reverse subsidiary merger
with a subsidiary of TeamStaff, BrightLane is now a wholly-owned subsidiary of
TeamStaff. The transaction was effective on Friday, August 31, 2001.
This Amendment to Form 8-K has been filed to include certain Financial
Information in accordance with Form 8-K reflecting the acquisition of
BrightLane.com, Inc.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
a. Financial Statements of Businesses Acquired.
Pursuant to Item 7 of Form 8-K, the following financial statements are
filed herewith:
99.1 BrightLane.com, Inc. Financial Statements as of December 31, 1999 and
2000 and the Period May 7, 1999 (date of inception) through December 31, 1999,
for the year ended December 31, 2000 and the period May 7, 1999 (date of
inception) through December 31, 2000, together with Auditors' Report (previously
filed as Appendix G to the proxy statement/prospectus filed with the Commission
on August 3, 2001 included in the Registration Statement on Form S-4 Commission
File No. 333-61730).
99.2 BrightLane.com, Inc. Unaudited Balance Sheet as of June 30, 2001 and
Statements of Operations and Cash Flows for the six months ended June 30, 2000
and 2001.
b. Pro Forma Financial information.
99.3 Pursuant to Item 7 of Form 8-K, the Company has annexed hereto the
Unaudited Pro Forma financial information including the Unaudited Pro Forma
Consolidated Balance Sheet as of June 30, 2001, the unaudited Pro Forma
Consolidated Statements of Operations for the year and the nine months ended
June 30, 2001 and the notes to the Unaudited Pro Forma Consolidated Financial
Statements.
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c. Exhibits.
23.1 Consent of DeLoitte & Touche, LLP, independent auditors of
BrightLane.com, Inc. with respect to the fiscal years ended December 31, 1999
and 2000.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Amendment No. 1 to Report on Form 8K to be
signed on its behalf by the undersigned hereunto duly authorized.
TEAMSTAFF, INC.
By: /s/ Donald W. Kappauf
--------------------------------
Donald W. Kappauf
Chief Executive Officer
By: /s/ Donald T. Kelly
--------------------------------
Donald T. Kelly
Chief Financial Officer
Dated: November 1, 2001
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