QUADRANT 4 SYSTEM CORPORATION (OTCMKTS:QFOR) Files An 8-K Regulation FD Disclosure
Item 7.01.Regulation FD Disclosure.

As previously reported by Quadrant 4 System Corporation (the “Company”) in its Current Report on Form 8-K dated July 5, 2017 (the “Petition Date”), the Company filed a voluntary petition for relief commencing a case under Chapter 11 of the United States Bankruptcy Code, 11 U.S.C. 101 et seq. (the “Bankruptcy Code”), designated as Case Number 17-19689 (the “Chapter 11 Case”) in the United States Bankruptcy Court for the Northern District of Illinois, Eastern Division (the “Bankruptcy Court”).

On June 30, 2017, the Company filed with the Bankruptcy Court a motion to, among other things, approve the sale of substantially all of the Company’s assets pertaining to five (5) of its business units commonly referred to as: (a) the U.S. Solutions Business; (b) the Hybrid Solutions Business; (c) the Legacy Staffing Business; (d) the QEDX Education Platform; and (e) the India Solutions Business. On July 11, 2017, the Bankruptcy Court approved the motion and the Sale Notice, a copy of which is attached hereto as Exhibit 99.1.

The foregoing description of the Sale Notice referenced above is qualified in its entirety by reference to such document, which is attached hereto as Exhibit 99.1 and incorporated herein by reference.

Item 9.01.Financial Statements and Exhibits.

Quadrant 4 System Corp Exhibit
EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION In re:                                                                                         )  Chapter 11   ) QUADRANT 4 SYSTEM CORPORATION,…
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About QUADRANT 4 SYSTEM CORPORATION (OTCMKTS:QFOR)

Quadrant 4 System Corporation (Quadrant 4) is engaged in providing cloud-based platform-as-a-service (PaaS) and software-as-a-service (SaaS) products to the health insurance, media and education verticals. The Company operates through two business segments: Services and Platforms (PaaS/SaaS). The Company’s core platforms include QHIX/QBIX, a cloud-based health insurance exchange and benefits management platform; QBLITZ, a cloud-based digital media platform, and QEDX, a cloud-based education platform for K-12 students each of which incorporates the Company’s Social Media, Mobility, Analytics and Cloud (SMAC) technologies. Its services include consulting, application life cycle management, enterprise applications and data management, mobility applications and business analytics. It offers solutions to the healthcare, media and education industries. QHIX helps its clients engage consumers differently using SMAC operating through a Cloud environment.