Delaware
|
000-26392
|
11-2920559
|
(State or other jurisdiction of incorporation)
|
(Commission File Number)
|
(IRS Employer Identification No.)
|
214
Carnegie Center, Suite
303
Princeton New Jersey
08540
|
(Address of principal
executive office)
|
(Zip
Code)
|
Registrant's
telephone number, including area code
|
(609) 987-9001
|
|
(Former name or former
address, if changed since last report)
|
Item 2.Acquisition or Disposition of Assets
On
January 9, 2004
, Level 8
Systems, Inc. acquired substantially all of the assets of Critical Mass Mail,
Inc., d/b/a EnsuredmailR. The acquisition was completed using Level
8 Systems Common Stock.The aggregate
purchase price of the assets was seven hundred fifty thousand dollars
($750,000.00). Level 8 Systems agreed to issue 2,027,027 common shares, subject
to registration, as consideration for the Assets.
The primary assets acquired in the
acquisition were Critical Mail, Inc.'s federally certified EnsuredmailR
email encryption technology and products
Level 8 Systems agreed to assume certain liabilities of the
Company in an amount not to exceed fifty thousand dollars ($50,000.00).
The acquisition of EnsuredmailR brings a new suite of
products to Level 8.A federally
certified encryption email technology, it
is a strategic complement to Level 8's
award winning application and business process integration solution,
Cicero
.
Item 7. Financial Statements and Exhibits
c) Exhibits
Exhibit No. Title
2.1
Asset
Purchase Agreement with Critical Mass Mail, Inc. dated
January 9, 2004
99.1
Press Release dated
January 14, 2004.
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.
Date:
LEVEL 8 SYSTEMS, INC.
By:
/s/ John P. Broderick
John
P. Broderick
Chief
Operating and Financial Officer,
Corporate
Secretary