Attached files
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| EX-10.1 - PRESS RELEASE - Patient Portal Technologies, Inc. | pprg8k20100108ex10-1.htm |
UNITED
STATES
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) January 8, 2010
Patient
Portal Technologies, Inc.
(Exact
name of registrant as specified in its charter)
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Delaware
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333-107826
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02-0656132
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(IRS
Employer Identification)
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8276
Willett Parkway, Baldwinsville, NY 13027
(Address
of principal executive offices, including Zip Code)
Registrant’s
telephone number, including area code: (315) 638-6708
N/A
(Former
name or former address, if changed since last report)
|
Check
the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:
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¨
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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¨
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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¨
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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¨
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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DISCLOSURE
FOR FORM 8-K
Section
8 – Other Events
Item 8.01 Other
Events. On January 8, 2010, the Company closed on the sale of its
hospital television equipment business to a former executive for $820,000. The
consideration consisted of cash and the assumption of certain Company
liabilities.
The
transaction included the sale of the name TB&A as well as certain inventory
and hospital equipment purchase contracts. The sale is expected to have an
ongoing favorable impact on the Company’s future operating profits.
Section
9 - Financial Statements and Exhibits
Item
9.01 Financial Statements and Exhibits.
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Exhibit
No.
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Description
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Exhibit
10.1
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Press
Release
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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.
Dated: January
12, 2010
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By:
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/s/ Kevin
Kelly
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Kevin
Kelly
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CEO
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