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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): March 26, 2003
ACTRADE FINANCIAL TECHNOLOGIES LTD.
(Exact name of registrant as specified in its charter)
DELAWARE 0-18711 13-3437739
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(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification No.)
7 PENN PLAZA, SUITE 422, NEW YORK, NEW YORK 10001
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(Address of principal executive offices) (Zip Code)
(212) 563-1036
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(Registrant's telephone number, including area code)
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
On March 26, 2003, Actrade Financial Technologies, Ltd. (the "Company")
announced that the Company's Board of Directors has determined to pursue a sale
of the Company as a going concern.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
The following exhibit is being furnished pursuant to Item 9 and shall
not be deemed to be incorporated by reference into any other filings with the
Securities and Exchange Commission made by the Company.
EXHIBIT NO. DESCRIPTION
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99.1 Press Release, dated March 26, 2003.
ITEM 9. REGULATION FD DISCLOSURE.
On March 26, 2003, the Company issued a press release which is attached
as Exhibit 99.1 hereto and incorporated by reference into this Item 9.
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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.
ACTRADE FINANCIAL TECHNOLOGIES LTD.
Date: March 26, 2003 By: /s/ Richard McCormick
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Richard McCormick
Chief Executive Officer
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
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99.1 Press Release, dated March 26, 2003