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): September 28, 2005
LanVision Systems, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 0-28132 31-1455414
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
10200 Alliance Road, Suite 200, Cincinnati, OH 45242-4716
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (513) 794-7100
Check the appropriate box below if the Form 8-K is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] 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
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an
off Balance Sheet Arrangement of Registrant
(a) On September 28, 2005, LanVision, Inc. a wholly owned subsidiary of
LanVision Systems, Inc. signed a term Note, which is a revision and a
restatement of the note originally executed on July 30, 2005 and revised and
restated on June 8, 2005, whereby the financial covenants were removed from the
Term Note, and the amount of restricted cash requirement was changed from a
minimum of $2,000,000 to be an amount equal to the then outstanding balance of
the loan. The loan is secured by a first lien on all the assets of the Company.
The complete terms of this loan are set forth in the attached Exhibit 10.
Item 9.01 Financial Statements and Exhibits
(c) Exhibits
EXHIBIT
NUMBER DESCRIPTION
10 Term Note
SIGNATURES
Pursuant to the requirements of the Securities Act of 1934, registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
LanVision Systems, Inc.
Date: September 30, 2005 By: /s/ Paul W. Bridge, Jr.
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Paul W. Bridge, Jr.
Chief Financial Officer
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INDEX TO EXHIBITS
Exhibit No. Description of Exhibit
10 Term note
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