SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549-1004
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 7, 2004
The Finx Group, Inc.
(Exact name of small business issuer as specified in its charter)
Commission File Number: 0-9940
Delaware 13-2854686
(State or other jurisdiction of (IRS Employer Identification Number)
incorporation or organization)
21634 Club Villa Terrace 33433
(Address of Principal Executive Offices) (Zip Code)
(561) 447-6612
(Registrant's telephone number, including area code)
Not Applicable
(Former name or address, if changed since last report)
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Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
99.1 Press release dated July 7, 2004.
Item 9. Regulation FD Disclosure
On July 7, 2004, The Finx Group, Inc. issued a press release relating to a
reported sale of the patent covering the GIL-2001 security portal and related
distribution rights. A copy of the press release is attached hereto as Exhibit
99.1.
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SIGNATURES
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.
The Finx Group, Inc.
Date: July 12, 2004 By: /S/Lewis S. Schiller
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Lewis S. Schiller
President and Chief Executive Officer
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Exhibit 99.1
FINX GROUP ANNOUNCES REPORTED TRANSFER BY SUPPLIER
OF PATENT AND DISTRIBUTION RIGHTS TO THIRD PARTY
July 7, 2004. Boca Raton, FL; Lewis S. Schiller, Chairman/CEO of the Finx Group,
Inc., (OTCBB: FXGP) announced today that it has become aware of the announcement
by DataWorld Solutions, Inc., (OTCBB: DWLD) stating that DataWorld has acquired
the patent covering the GIL-2001 security portal and the exclusive rights to
distribute the security portal.
Mr. Schiller said "Finx' wholly-owned subsidiary, Secured Portal. Inc., has
exclusive distribution rights to the security portals in major markets groups,
including United States government agencies and banking, defense and other
potential commercial users. We have advised DataWorld of our rights and are
prepared to take necessary legal action to enforce our rights if it should
become necessary."
Statements in this press release may be "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. These
statements are based on current expectations, estimates and projections about
Finx' business based, in part, on assumptions made by management. These
statements are not guarantees of future performance and involve risks,
uncertainties and assumptions that are difficult to predict. Therefore, actual
outcomes and results may, and probably will, differ materially from what is
expressed or forecasted in such forward-looking statements due to numerous
factors, including Finx' financial condition, the uncertainties of litigation
and other factors described above and discussed from time to time in Finx'
filings with the Securities and Exchange Commission, including the Risk Factors
and the Management's Discussion and Analysis of Financial Conditions and Results
of Operations in the Form 10-K for the year ended December 31, 2003 and the Form
10-Q for the quarter ended March 31, 2004. In addition, such statements could be
affected by general industry and market conditions and growth rates, and general
economic conditions. Any forward-looking statements speak only as of the date on
which they are made, and Finx does not undertake any obligation to update any
forward-looking statement to reflect events or circumstances after the date of
this release.
Contact::
Lewis S. Schiller, CEO
561.447.6612
lschiller@aol.com
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