-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, N8yFc9IxfB2ND4Y/cpZy4XJ6Q6getPTw0MYKZOp3vkfqhG5hDNB3I/qdetN43VGf gDune5DbRKsgs2+80mVDEQ== 0001021771-02-000053.txt : 20020904 0001021771-02-000053.hdr.sgml : 20020904 20020904151259 ACCESSION NUMBER: 0001021771-02-000053 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020903 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020904 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DCAP GROUP INC/ CENTRAL INDEX KEY: 0000033992 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] IRS NUMBER: 362476480 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-01665 FILM NUMBER: 02756449 BUSINESS ADDRESS: STREET 1: 90 MERRICK AVE STREET 2: 9TH FLOOR CITY: EAST MEADOW STATE: NY ZIP: 11554 BUSINESS PHONE: 5167946300 MAIL ADDRESS: STREET 1: 90 MERRICK AVE 9TH FLOOR STREET 2: 90 MERRICK AVE 9TH FLOOR CITY: EAST MEADOW STATE: NY ZIP: 11554 FORMER COMPANY: FORMER CONFORMED NAME: EXECUTIVE HOUSE INC DATE OF NAME CHANGE: 19911119 FORMER COMPANY: FORMER CONFORMED NAME: EXTECH CORP DATE OF NAME CHANGE: 19920703 8-K 1 k89302.txt FORM 8-K DATED 9/3/02 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: September 3, 2002 (Date of earliest event reported) DCAP GROUP, INC. ---------------- (Exact name of Registrant as specified in charter) Delaware 0-1665 36-2476480 - --------------- -------------------- --------------------- (State or other jurisdiction (Commission File No.) (IRS Employer incorporation) Identification Number) 1158 Broadway, Hewlett, New York 11557 -------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (516) 374-7600 -------------- Item 5. Other Events On September 3, 2002, DCAP Group, Inc. (the "Company") issued a press release (the "Press Release") announcing that the Company has sold 1,000,000 shares of Common Stock at a purchase price of $.50 per share to investors through a private placement (the "Private Placement"). The Press Release also disclosed the contemplated use of proceeds, including in connection with the concurrent acquisition by the Company of Barry Scott Companies, Inc. (the "Acquisition"). The Private Placement and the Acquisition are more particularly described in the Press Release, which is attached hereto as Exhibit 99.1. Item 7. Financial Statements, Pro Forma Financial Statements and Exhibits. (c) Exhibits. -------- 99.1 Press Release, dated September 3, 2002 2 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. DCAP GROUP, INC. Dated: September 3, 2002 By: /s/ Barry Goldstein ----------------- ----------------------------- Barry Goldstein Chief Executive Officer 3 EX-99.1 3 ex99-1.txt PRESS RELEASE DATED 9/3/02 DCAP Group Announces Completion of Private Placement Proceeds Applied to the Acquisition of Barry Scott Companies; 20 Stores Added to DCAP's Storefront Insurance Agency Network HEWLETT, N.Y.--(BUSINESS WIRE)--Sept. 3, 2002--DCAP Group, Inc. (OTCBB: DCAP), the largest chain of independent storefront insurance agencies in the northeast United States, today announced that it has completed a private placement of one million common shares of DCAP for $500,000, or $0.50 per share. The proceeds will be primarily used for working capital purposes and in connection with DCAP's contemplated expansion into new regional markets, including DCAP's concurrent acquisition of Barry Scott Companies Inc. from The Progressive Corporation (NYSE: PGR). Barry Scott Companies has 20 store locations primarily in the upstate New York region. The common shares sold have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. About DCAP Group DCAP Group, Inc. is the largest chain of independent storefront insurance agencies in the Northeast. DCAP is focused on building the business into a community-based, one-stop financial services center. The Company offers several services to its retail customers at the most competitive rates with a complete portfolio of insurance and related products and services, including premium financing and roadside assistance programs. DCAP currently provides car, motorcycle, homeowner, business and life insurance products from a number of major carriers. The Company also offers tax return preparation services. The Company has 77 locations throughout the Northeast. More information can be located at the Company's Web site at www.dcapinsurance.com. You may register to receive DCAP Group, Inc.'s future press releases or to download a complete Digital Investor Kit(TM) including press releases, regulatory filings and corporate materials by clicking on the "Digital Investor Kit(TM)" icon at www.kcsa.com. Forward Looking Statements Statements in this press release, other than purely historical information, including the comments regarding the Company's future plans and objectives and expected operating results, and statements of the assumptions underlying such statements, constitute forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements contained herein are based on certain assumptions that may not be correct. They are subject to all of the risks and uncertainties incident to the Company's business that are described in the reports and statements filed by the Company with the Securities and Exchange Commission, including (among others) those listed in the Company's Form 10-KSB. CONTACT: DCAP Group, Inc., Hewlett Barry Goldstein, 516/374-7600 or KCSA, New York George Medici, 212/896-1291 gmedici@kcsa.com Michael Cimini, 212/896-1233 mcimini@kcsa.com -----END PRIVACY-ENHANCED MESSAGE-----