UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date or Report (Date of earliest event reported): March 3, 2003
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NATIONAL MANAGEMENT CONSULTANTS, INC.
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(Exact name of registrant as specified in its Charter)
Delaware 000-28459 22-3360133
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File No.) Identification No.)
150 Broadhollow Road, Melville, New York 11747
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (631) 385-6200
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N/A
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(Former Name or former address,
if changed since last report.)
Item 5. Other Events and Regulation FD Disclosure
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In connection with the letter of intent described in the press release
incorporated by reference into Item 9 of this Form 8-K Report, National
Management Consultants, Inc. (the "Company") loaned Xcalibur Xpress, Inc.
("Xcalibur") $25,000 on February 25, 2003 and $35,000 on February 28, 2003. The
loans are part of a bridge financing arrangement between the Company and
Transportation Logistics Int'l., Inc. ("Transportation Logistics"), the parent
of Xcalibur, pursuant to which the Company will lend Xcalibur and its affiliates
up to $100,000 on a secured basis. Pending execution of appropriate secured
loan documentation, the loans are evidenced by a grid promissory note due with
interest at 8% per annum on June 15, 2003. Payment is guaranteed by
Transportation Logistics.
Item 9. Regulation FD Disclosure
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On March 3, 2003, the Company issued a press release announcing it entered
into a letter of intent with Transportation Logistics and providing additional
information. A copy of this press release has been furnished with this current
report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.
The information in this report is being furnished pursuant to Regulation
FD. In accordance with General Instruction B.2. of Form 8-K, the information in
this report shall not be deemed to be "filed" for the purposes of Section 18 of
the Securities Exchange Act of 1934 or otherwise subject to the liabilities of
that Section. The furnishing of the information set forth in this report is not
intended to, and does not, constitute a determination or admission as to the
materiality or completeness of such information.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
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(a) Financial Statements
None
(b) Pro Forma Financial Information
None
(c) Exhibits
10.1 Grid Promissory Note given by Xcalibur Xpress, Inc. to the
Company dated February 25, 2003.
10.2 Guaranty of Transportation Logistics Int'l., Inc. issued February
25, 2003 to the Company.
99.1 Press release dated March 3, 2003 issued by National Management
Consultants, Inc. regarding letter of intent with Transportation
Logistics Int'l., Inc.
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SIGNATURES
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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.
NATIONAL MANAGEMENT
CONSULTANTS, INC.
(Registrant)
/s/ Steven A. Horowitz
Date: March 5, 2003 By: _____________________________
Steven A. Horowitz, President
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