U.S. 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): May 30, 2003
SYNERGX SYSTEMS INC.
(Exact name of registrant as specified in its charter)
Delaware 0-17580 11-2941299
(State or Other Jurisdiction of (Commission File Number) (IRS Employer
Incorporation or Organization) Identification No.)
209 Lafayette Drive
Syosset, NY 11791
(Address of Principal Executive Offices)
(516) 433-4700
(Issuer's Telephone Number, Including Area Code)
================================================================================
Item 5. Other Events and Regulation FD Disclosure.
On May 30, 2003, the Registrant closed its previously announced investment in
Secure 724 LP, an Ontario limited partnership which has developed the capability
to use wireless technology to transmit alarm information from a secured site to
a central station and either a client's BlackBerry(TM) pager or cellular phone.
The Registrant purchased its interest from Nafund Inc., a Toronto based private
equity fund (with two common directors with Synergx) by issuing 150,000 shares
of common stock and warrants to purchase 25,000 shares at $2.30 for 24 months.
The Registrant would issue an additional 75,000 shares of common stock if
certain development and funding milestones are satisfied and would also provide
Secure 724 LP with up to Cdn$300,000 of financing against satisfaction of
certain development milestones.
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.
Synergx Systems Inc.
(Registrant)
Date June 3, 2003 /s/JOHN A. POSERINA
------------ -------------------------------
John A. Poserina, Chief Financial
Officer