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): July 19, 1999
Magnitude Information Systems, Inc.
Exact name of Registrant as specified in charter)
Delaware 33-20432 75-2228828
(State or other (Commission (IRS employer
jurisdiction of file number) identification
incorporation no.)
50 Tannery Road, Branchburg, New Jersey 08876
(Address of principal executive office) Zip Code
Registration telephone number, including area code: (908) 534-6400
Former name or former address, if changed since last report)
Item 5. Other Events.
The results of a research test of the Company's "Ergonomic Management
System" (EMS), software designed to protect office personnel against ergonomic
hazards and properly pace their computer use, have confirmed a positive impact
on productivity. The research was conducted in collaboration with Dr. Alan
Hedge, Professor of Ergonomics at Cornell University's Department of Design and
Environmental Analysis. Focusing on basic typing functions: accuracy of keying
and amount of keying, frequency and amount of mouse use, frequency and duration
of rest and exercise breaks, the study monitored twenty-one executive,
administrative, customer service, underwriter and accounting personnel at New
Century Global, an insurance company on Wall Street. The software passively
monitored personnel for five weeks, establishing their baseline performance.
Then the software was fully activated for 10 people, and all personnel were
monitored for an additional five-week period. Steven D. Rudnik, President of the
Company, announced that the study disclosed a l3% improvement in work accuracy
for those with the activated EMS, representing a true l% increase in total
productivity in the five-week period. Rudnik stated that the study results can
be translated into a direct cost recoupment for the EMS software of less than
three months, with a projected net investment return of approximately 369%. This
calculation excludes the injury prevention benefits of the EMS. Mr. Rudnik
stated that "although the people using the Company's software were alerted to
take more short rest and break periods, this did not impair their overall
keystroke and mouse use, and their work accuracy was improved."
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the Registrant has duly caused this Current Report to be signed on
its behalf by the undersigned hereunto duly authorized.
July 19, 1999 Magnitude Information Systems, Inc.
By: s/Steven D. Rudnik
Steven D. Rudnik, President
and Chief Executive Officer
magni-8k.jul
3