SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): March 28, 2002
Online Gaming Systems, Ltd.
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(Exact name of registrant as specified in its charter)
Delaware 0-27256 13-3858917
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
3225 McLeod Drive, 1st Floor, Las Vegas, NV, 89121
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(Address of principal executive offices)
Registrant's telephone number, including area code: (702) 836 -3042
200 East Palmetto Park Road, Suite 200, Boca Raton, Florida 33431
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(Former name or former address, if changed since last report.)
ITEM 5. OTHER ITEMS.
The Company is making this statement in order to satisfy the "safe harbor"
provisions contained in the Private Securities Litigation Reform Act of 1995.
This Report on Form 8-K includes forward-looking statements relating to the
business of the Company. Forward-looking statements contained
herein or in other statements made by the Company are made based on Management's
expectations and beliefs concerning future events impacting the Company and are
subject to uncertainties and factors relating to the Company's operations and
business environment, all of which are difficult to predict and many of which
are beyond the control of the Company, that could cause actual results of the
Company to differ materially from those matters expressed in or implied by
forward-looking statements. The Company believes that the following factors,
among others, could affect its future performance and cause actual results of
the Company to differ materially from those expressed in or implied by
forward-looking statements made by or on behalf of the Company; (a) general
economic, business and market conditions; (b) competition; (c) the success of
advertising and promotional efforts; (d) trends within the Internet Gaming and
Internet Supply Provider industries; (e) the existence or absence of adverse
publicity; (f) changes in relationships with the Company's major customers or in
the financial condition of those customers; and (g) the adequacy of the
Company's financial resources and the availability and terms of any additional
capital. Such forward-looking statements are based on assumptions that the
Company will continue to design, market and provide successful new services,
that competitive conditions will not change materially, that demand for the
Company's services will continue to grow, that the Company will retain and add
qualified personnel, that the Company's forecasts will accurately anticipate
revenue growth and the costs of producing that growth, and that there will be no
material adverse change in the Company's business. In light of the significant
uncertainties inherent in the forward-looking information included in this Form
8-K, actual results could differ materially from the forward-looking information
contained herein.
On March 22, 2002, Gary Ramos resigned as President and Chief Executive Officer.
On the same day the Board of Directors elected John Copelyn to serve as Chief
Executive Officer and Lawrence P. Tombari as President of the Company.
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.
ONLINE GAMING SYSTEMS, LTD.
Dated: March 28, 2002 By: /s/ Lawrence P. Tombari
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Name: Lawrence P. Tombari
Title: President