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PDHO 8K Merger Closed
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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)
December 2, 2010
PARADIGM HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
Wyoming 000-09154 83-0211506
(State or other jurisdiction of (Commission File No.) (I.R.S. Employer
incorporation or organization) Identification No.)
9715 Key West Avenue, 3rd Floor, Rockville,
Maryland 20850
(Address of principal executive offices) (Zip Code)
(301) 468-1200
(Registrant’s telephone number, including area code)
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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 1.01 Entry into a Material Definitive Agreement.
On December 2, 2010, the Securities and Exchange Commission, pursuant to a Final Judgment as to Defendant FTC Capital Markets, Inc. issued by the United States District Court Southern District of New York on August 26, 2010 with respect to the action captioned Securities and Exchange Commission, Plaintiff, against FTC Capital Markets, Inc., FTC Emerging Markets, Inc., also d/b/a FTC Group, Guillermo David Clamens, Lina Lopez a/k/a Nazly Cucunuba Lopez, Defendants, Case No. 09 Civ. 4755 (PGG) and an Order of the United States District Court Southern District of New York dated November 24, 2010 in connection with such action, sold 13,848,183 shares of common stock, $0.01 par value per share, of Paradigm Holdings, Inc., a Wyoming corporation (the “Company”), held by FTC Emerging Markets, Inc. to the Company for $0.01 per share.
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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.
PARADIGM HOLDINGS, INC.
By: /s/Richard Sawchak
Richard Sawchak
Chief Financial Officer
Date: December 2, 2010
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look at this one..03,,let me know !!!!
http://www.otcmarkets.com/stock/ISGT/quote
.. they have a cool real website
PDHO 8k Just out to approve and adopt the Agreement and Plan of Merger
Item 5.07. Submission of Matters to a Vote of Security Holders.
Paradigm Holdings, Inc., a Wyoming corporation (“ Paradigm Wyoming ”), held a special meeting of shareholders on November 11, 2010. Five proposals were submitted to Paradigm Wyoming’s shareholders and approved at the special meeting. The proposals are described in detail in Paradigm Wyoming’s previously filed proxy statement for the special meeting. The following is a brief description of each matter voted upon at the special meeting, as well as the number of votes cast for or against each matter and the number of abstentions and broker non-votes with respect to each matter, both in person and by proxy.
Reincorporation. The holders of Paradigm Wyoming’s common stock voted to approve and adopt the Agreement and Plan of Merger dated May 5, 2010 between Paradigm Wyoming and Paradigm Holdings, Inc., a Nevada corporation, to reincorporate Paradigm Wyoming into the State of Nevada as follows:
FOR 28,778,290 AGAINST 36,962 ABSTAIN 15,568 BROKER NON-VOTES 2,232,247
In addition, the holders of all of the outstanding shares of the Company’s Series A-1 Senior Preferred Stock on the record date, 6,115 shares, voting as a separate class, approved this proposal.
Increase Authorized Shares. The shareholders voted to approve the increase of our authorized shares of Common Stock from 50,000,000 shares to 250,000,000 shares as follows:
FOR 30,800,198 AGAINST 262,538 ABSTAIN 331 BROKER NON-VOTES 0
Voting Rights . The shareholders voted to approve certain revisions to the Series A-1 Preferred Stock Certificate of Designations with respect to the voting rights of holders of such stock as follows:
FOR 28,767,997 AGAINST 53,360 ABSTAIN 9,463 BROKER NON-VOTES 2,232,247
Approval of Certain Rights . The shareholders voted to approve certain rights granted to Hale Capital Partners, LP and EREF PARA, LLC in the Series A-1 Preferred Stock Certificate of Designations as follows:
FOR 28,768,018 AGAINST 38,108 ABSTAIN 24,694 BROKER NON-VOTES 2,232,247
Election of Directors . Each of Raymond A. Huger, Peter B. LaMontagne, John A. Moore and Martin M. Hale, Jr. were elected to hold office as directors until the next annual or special meeting of shareholders following their election or appointment where their successors have been duly elected and qualified, as follows:
Director Votes FOR Votes WITHHELD Broker Non-Votes
Raymond A. Huger 28,793,037 37,783 2,232,247
Peter B. LaMontagne 28,793,037 37,783 2,232,247
John A. Moore 28,793,037 37,783 2,232,247
Martin M. Hale, Jr. 28,793,019 37,801 2,232,247
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Item 8.01 Other Information.
Paradigm Wyoming anticipates that its reincorporation into the State of Nevada will be consummated on or about December 14, 2010.
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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.
PARADIGM HOLDINGS, INC.
By: /s/Richard Sawchak
Richard Sawchak
Chief Financial Officer
Date: November 16, 2010
thanks for the info,, donesnt look like they want it to trade much,, to bad... post marked
"the Company has approximately 150 million warrants " put or call?
Sent an extensive inquiry to the IR dept....will post response
When does this hit the books....$40 million dollars over 5 years??
Paradigm Solutions Awarded Five-Year Prime Contract by the FAA
for Nationwide Power Systems Installation and Construction Services
Rockville, Maryland June 22, 2010 Paradigm Holdings, Inc. (OTCBB: PDHO) (mission critical infrastructure solutions for Federal Government enterprises, announced today that it has been awarded an Indefinite-Delivery / Indefinite-Quantity (IDIQ) contract to provide Power Systems Installation and Construction Services in support of the Federal Aviation Administration (FAA). Under this contract, Paradigm expects to provide project management, engineering and installation / construction services for power systems along with power system ancillary equipment and structures at various FAA facilities nationwide. The Company estimates the five-year value of the contract to be in excess of $40 million, based on multiple task orders to be completed over the life of the contract.
Paradigm offers the FAA significant experience supporting similar mission critical infrastructure for National Security related facilities. As one of two large-business prime contractors awarded this contract, Paradigm will manage the team that will replace, enhance and maintain existing power systems for small-to-medium size and large FAA facilities related to General National Air Space (GNAS) and Critical Power Distribution Systems (CPDS).
George Pearsall, Paradigm Vice President for Mission Critical Infrastructure, stated, The FAA IDIQ award further extends Paradigm.
Anthony Verna, Paradigm Senior Vice President, commented, The FAA IDIQ is the second significant mission critical infrastructure contract win for Paradigm in 2010. We are excited to be able to add the FAA to our customer list, and look forward to supporting them over the next five years.
Peter B. LaMontagne, Paradigm President and CEO, concluded, "We are extremely excited by the new business development momentum that we have generated. The FAA IDIQ is our second prime contract win in 2010 and marks the fifth overall new contract win at Paradigm this year. We are beginning to see the results of our strategic focus on cyber security and mission critical infrastructure, along with diligent bid and proposal activity.
For additional information, please visit the Companywww.paradigmsolutions.com.
About Paradigm Holdings, Inc.
Paradigm Holdings, Inc., (www.paradigmsolutions.com) is a provider of information technology (IT) and business solutions for U.S. Federal Government enterprises. Paradigm specializes in comprehensive information assurance solutions involving cyber security and forensics as well as continuity of operations and disaster recovery planning. The Company also provides systems engineering and IT infrastructure support solutions. Headquartered in Rockville, Maryland, the Company currently employs approximately 200 people.
Safe Harbor Statement
This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended (the and Section 21E of the Securities Exchange Act of 1934, as amended, and is subject to the safe harbor created by those sections. Paradigm assumes no obligation to update the information contained in this press release. Future results for Paradigm may be affected by its ability to continue to implement its government technology solutions, its dependence on the federal government and state and local governments and other federal government contractors as its major customers, timely passage of components of the federal budget, timely obligations of funding by the federal and state governments, its dependence on procuring, pricing and performing short-term government contracts, its dependence on hiring and retaining qualified professionals, potential fluctuations in its quarterly operating results, including seasonal impacts, its dependence on certain key employees and its ability to timely and effectively integrate the businesses it may acquire. For further information about forward-looking statements and other Paradigm specific risks and uncertainties please refer to recent SEC filings for Paradigm, which are avail
THATS ME...LOL
I will..
EMAIL FROM IR::
Keith,
The Company has approximately 47 million common shares outstanding. In addition, the Company has approximately 150 million warrants and stock options to purchase common shares outstanding. Finally, the Company has approximately 6,200 shares of preferred stock outstanding. Please don’t hesitate to review our website or contact me for additional information. Thank you.
Richard Sawchak
Senior Vice President and CFO
Paradigm Solutions
call him or email,, see what info u can get:::
Richard Sawchak
Senior Vice President and CFO
Paradigm Solutions
(240) 283-3404 (office)
(908) 246-3992 (mobile)
(240) 580-1953 (fax)
keith?
Who is Keith?
Taken from the their 8k in September....
"restrict the exercisability of the Class A Warrants and Class B Warrants (the “ Warrants ”) held by the Purchasers until the earlier to occur of (x) November 1, 2010 and (y) the consummation of the merger of the Company with and into Paradigm Holdings, Inc., a Nevada corporation"
Sounds like November 1st there will some action
no,, ir guy is cool, to bad this one could rock with some volume ,,,
I'm in something like that now with SHMN. With the avg 10 day volume of 2,350 it will be very hard to trade this thing.
Do you know the AS or the Float?
just got this::
hello
The shares of Paradigm are relatively closely held and so the public float may not be large enough to create consistent larger trading volumes. Please don’t hesitate to call me if you would like to discuss further or provide any recommendations. Thank you!
Richard Sawchak
Senior Vice President and CFO
Paradigm Solutions
(240) 283-3404 (office)
(908) 246-3992 (mobile)
(240) 580-1953 (fax)
Very weird. A guy I know said he was getting into a business like this. Sounds like a huge opportunity. Much needed. I will look into this more
Paradigm Solutions Secures Subcontract for DOE NNSA IARC Security Operations Center
Paradigm Holdings (BB) (OTCBB:PDHO)
Intraday Stock Chart
Today : Wednesday 13 October 2010
Paradigm Holdings, Inc. (OTCBB: PDHO) (“Paradigm” or the “Company”), a provider of comprehensive information technology and cybersecurity solutions for federal government enterprises, today announced it has been awarded a 5-year, $14 million subcontract from OnPoint Consulting, Inc. (Arlington, VA) to support the Department of Energy (DOE) National Nuclear Security Administration (NNSA) Information Assurance Response Center (IARC). Located in Las Vegas, NV, NNSA’s Information Assurance Response Center (NIARC) is a facility that continuously monitors all activity going through the Nuclear Security Complex (NSC) computer firewall system, providing intrusion detection and event forensics.
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EMAIL FROM IR:: Keith, ====================================================================================================================== Paradigm Solutions, our greatest strength is our employees. We believe that motivating our employees to excel in their personal goals improves job satisfaction and elevates job performance.
Paradigm employees continually strengthen their knowledge and capabilities through participation in Company developmental programs including involvement in the implementation of enhanced quality management principles and policies, and in certification programs such as the Project Management Professional. What this means to our clients is the most competent and experienced team, workforce stability, and retention of critical resources. For Paradigm, this means providing service excellence and delighting our clients. |
At Paradigm Solutions, our greatest strength is our employees. We believe that motivating our employees to excel in their personal goals improves job satisfaction and elevates job performance. We have earned the loyalty of our employees through our commitment to:
Paradigm employees continually strengthen their knowledge and capabilities through participation in Company developmental programs including involvement in the implementation of enhanced quality management principles and policies, and in certification programs such as the Project Management Professional. What this means to our clients is the most competent and experienced team, workforce stability, and retention of critical resources. For Paradigm, this means providing service excellence and delighting our clients. |
| Quarter Ended June 30 | | Six Months Ended June 30 | | ||||||||
| | 2010 | | | 2009 | | | 2010 | | | 2009 | |
Net Loss | $ | (1,995,572 | ) | $ | (1,470,669 | ) | $ | (2,535,850 | ) | $ | (2,098,348 | ) |
| | | | | | | | | | | | |
Adjustments: | | | | | | | | | | | | |
Interest Expense, net | | 623,799 | | | 498,928 | | | 1,178,998 | | | 848,747 | |
Income Tax Benefit | | 158,759 | | | (149,398 | ) | | 201,634 | | | (223,692 | ) |
Change in FV of Put Warrants | | 1,371,746 | | | 957,934 | | | 1,358,554 | | | 1,000,825 | |
Depreciation & Amortization | | 107,717 | | | 129,824 | | | 212,273 | | | 242,203 | |
Stock Compensation | | 80,871 | | | 234,140 | | | 164,488 | | | 395,607 | |
Restructuring Expense | | 130,426 | | | 75,000 | | | 217,312 | | | 325,000 | |
| | | | | | | | | | | | |
EBITDA | $ | 477,746 | | $ | 275,759 | | $ | 797,409 | | $ | 490,342 | |
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