-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IKdqXaQsgFeY12aMrxG6N06hl0kRFrBfi4beHtQAv4BS4QlmyeuZHc07kdz0HnDV wdabn/uVhvNwFZoIxxCtag== 0000950123-97-000513.txt : 19970129 0000950123-97-000513.hdr.sgml : 19970129 ACCESSION NUMBER: 0000950123-97-000513 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970109 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19970128 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: VOLT INFORMATION SCIENCES INC CENTRAL INDEX KEY: 0000103872 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-HELP SUPPLY SERVICES [7363] IRS NUMBER: 135658129 STATE OF INCORPORATION: NY FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09232 FILM NUMBER: 97511976 BUSINESS ADDRESS: STREET 1: 1221 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10020 BUSINESS PHONE: 2127042400 MAIL ADDRESS: STREET 1: 1133 6TH AVENUE STREET 2: 24H FLOOR CITY: NEW YORK STATE: NY ZIP: 10036 FORMER COMPANY: FORMER CONFORMED NAME: VOLT TECHNICAL CORP DATE OF NAME CHANGE: 19680913 8-K 1 VOLT INFORMATION SCIENCES, INC. 1 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): January 9, 1997 VOLT INFORMATION SCIENCES, INC. (Exact name of registrant as specified in its charter) New York 1-9232 13-5658129 (State or other jurisdiction Commission File (I.R.S. Employer of incorporation) Number) Identification No.) 1221 Avenue of the Americas, New York, New York 10020 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (212) 704-2400 Not Applicable (Former name, former address and former fiscal year, if changed since last report) 2 Item 5. Other Events Volt announced the sale of its interest in its Brazilian Joint Venture, Telelistas, S.A., (Telelistas) to a Brazilian company affiliated with its Joint Venture Partner in an all cash transaction. Volt received approximately $3 million in excess of its carrying value in TeleListas. Volt will continue to be a guarantor of certain TeleLista's obligations which mature over the next twelve months aggregating approximately $8.7 million, and, accordingly Volt has deferred recognition of any gain. The obligations to which Volt is guarantor are secured by the accounts receivable of Telelistas. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits (a) Financial Statements: None (b) Pro Forma Financial Information: None (c) Exhibits: 99.1 Company's Press Release dated January 9, 1997 2 3 SIGNATURE 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 thereunto duly authorized. VOLT INFORMATION SCIENCES, INC. (Registrant) BY: /s/JACK EGAN -------------------------------- January 22, 1997 JACK EGAN Vice President - Corporate Accounting (Principal Accounting Officer) 3 4 Exhibit Index
Exhibit No. Description Page No. - ----------- ----------- -------- 99.1 Company's Press Release dated January 9, 1997 5
4 EX-99.1 2 PRESS RELEASE DATED JANUARY 9, 1997 1 FOR IMMEDIATE RELEASE Contacts: James J. Groberg, Senior Vice President Emmanuelle A. Thiney Volt Information Sciences, Inc. Ruder Finn, Inc. (212) 704-2400 (212) 715-1549 jgroberg@volt.com thineye@ruderfinn.com Jack Egan, Vice President Volt Information Sciences, Inc. (212) 704-2400 jegan@volt.com VOLT SELLS INTEREST IN BRAZILIAN JOINT VENTURE NEW YORK, NY, January 9, 1997 - Mr. William Shaw, President of Volt Information Sciences, Inc. (NASDAQ: VOLT), announced today the sale of its interest in its Brazilian joint venture, TeleListas, S.A., ("TeleListas"), to a Brazilian company affiliated with its joint venture partner in an all cash transaction. Mr. Shaw previously announced that a contract for the sale had been entered into in a press release on December 20, 1996. TeleListas is the official publisher of telephone directories in Rio de Janeiro for the government-owned telephone company. Volt received approximately $3 million in excess of its carrying value in TeleListas. Volt will continue to be a guarantor of certain of TeleListas' obligations which mature over the next twelve months, aggregating approximately $8.7 million, and, accordingly, Volt has deferred recognition of any gain. The amount deferred will be taken into income as the obligations guaranteed are repaid. The obligations to which Volt is guarantor are secured by the accounts receivable of TeleListas. The income of TeleListas for the period November 1, 1996 through the date of the sale will be reported by Volt as equity in income of joint ventures in its quarter ended January 31, 1997. Volt Information Sciences, Inc. operates a technical services and temporary staffing business, provides varied services to the telecommunications industry, and furnishes electronic prepress equipment and services to the print media industry. # # # # # # # # 5 -----END PRIVACY-ENHANCED MESSAGE-----