-----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, Pcd7BTeXb2ic3vUUxGPlpHTmALFfEnceHskbx4x1nRaEOwTBtZCmJx2UY0R3Fsoz rjIFX0bFRq6+dTsD0vmLOg== 0000909012-07-001260.txt : 20070912 0000909012-07-001260.hdr.sgml : 20070912 20070912162621 ACCESSION NUMBER: 0000909012-07-001260 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070912 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070912 DATE AS OF CHANGE: 20070912 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SYSVIEW TECHNOLOGY, INC. CENTRAL INDEX KEY: 0001096857 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 900251401 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-27773 FILM NUMBER: 071113499 BUSINESS ADDRESS: STREET 1: 1772 TECHNOLOGY DRIVE CITY: SAN JOSE STATE: CA ZIP: 95110 BUSINESS PHONE: 408-436-9888 MAIL ADDRESS: STREET 1: 1772 TECHNOLOGY DRIVE CITY: SAN JOSE STATE: CA ZIP: 95110 FORMER COMPANY: FORMER CONFORMED NAME: SYSCAN IMAGING INC DATE OF NAME CHANGE: 20040406 FORMER COMPANY: FORMER CONFORMED NAME: BANKENGINE TECHNOLOGIES INC DATE OF NAME CHANGE: 20010321 FORMER COMPANY: FORMER CONFORMED NAME: ZEE INC DATE OF NAME CHANGE: 19991014 8-K 1 t303712.txt 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 12, 2007 (SEPTEMBER 12, 2007) SYSVIEW TECHNOLOGY, INC. (Exact name of registrant as specified in its charter) DELAWARE 59-3134518 (State or other jurisdiction of (I.R.S.Employer incorporation or organization) Identification Number) 1772 TECHNOLOGY DRIVE SAN JOSE, CALIFORNIA 95110 (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES, ZIP CODE) 408-436-9888 EXT. 207 (REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE) NOT APPLICABLE (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 (see General Instruction A.2. below): |_| 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)) ITEM 7.01 REGULATION FD DISCLOSURE. On September 12, 2007, Sysview Technology, Inc. (the "Company" or "we") is making a press release announcing our engagement of Oppenheimer & Co. Inc. to explore and evaluate a range of strategic opportunities to enhance shareholder value (the "Press Release"). A copy of the Press Release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. The information furnished pursuant to Item 7.01, including Exhibit 99.1, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 and will not be incorporated by reference into any registration statement filed by the Company under the Securities Act of 1933 unless specifically identified therein as being incorporated therein by reference. Statements in this Report and the Release about our future expectations, plans and prospects, including statements containing the words "expects," "intends," "plans," "develop," "believe," "may," "goal," "will," and similar expressions, are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. We may not meet the expectations disclosed in our forward-looking statements and investors should not place undue reliance on those statements. Actual results may differ materially from those indicated by such forward-looking statements as a result of various factors, including: that there can be no assurance that any strategic opportunities will be available to the Company and that any strategic opportunities may only be available on terms not acceptable to the Company, that the Company's revenue may be less than forecast and that our gross and operating margins may be less than projected and that we may not be successful in marketing our HD display solutions or that those solutions may not provide some or all of the benefits that we expect and other factors in our most recent Annual Report on Form 10-KSB and Quarterly Reports on Form 10-QSB filed with the SEC. Investors are advised to read our Annual Report, quarterly reports and current reports on Form 8-K filed after our most recent annual or quarterly report. The forward-looking statements in this Report and in the Press Release represent our current views as of their dates and we disclaim any obligation to update these forward-looking statements. Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Document 99.1 Press Release dated September 12, 2007 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, Sysview Imaging, Inc has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. SYSVIEW TECHNOLOGY, INC. Date: September 12, 2007 /S/ WILLIAM HAWKINS ------------------- William Hawkins, Acting Chief Financial Officer Chief Operating Officer and Secretary EXHIBIT INDEX EXHIBIT NO. DESCRIPTION - ----------- ----------- 99.1 Press Release dated September 12, 2007 EX-99.1 2 exh99-1.txt [SYSVIEW LOGO] SYSVIEW TECHNOLOGY, INC. RETAINS INVESTMENT BANKER OPPENHEIMER & Co. Inc. to Seek Strategic and Financial Options SAN JOSE, CA, SEPTEMBER 12, 2007 -- Sysview Technology, Inc. (OTCBB: SYVT), a leading provider of imaging solutions, today announced that it has engaged the investment firm of Oppenheimer & Co. Inc. ("Oppenheimer") to explore and evaluate a range of strategic opportunities to enhance shareholder value, including, but not limited to, combinations, partnerships, sales or mergers of its operations or assets with another entity and/or a recapitalization. Darwin Hu, Chief Executive Officer of Sysview, commented, "Our successful development and acquisition of highly advanced imaging technologies has yielded two valuable assets, our proprietary mobile image capture and LCOS HD display businesses, which we believe are under-heralded by the public markets. The growth in our proprietary image capture, or mobile scanning business is highlighted by a four-year compound annual revenue growth rate of 58%, and the business is on track and expected to deliver revenues of over $20 million in 2008 with gross margins in excess of 38% and operating margins in excess of 20%. Moreover, we reiterate that the high level of visibility in the business indicates that an annual revenue growth rate in excess of 25% is sustainable for the foreseeable future. Our proprietary LCOS HD display business has been in prototype phase with several OEM's and ODM's since early 2007, and we continue to hold discussions with both financial and strategic partners for this unique technology. We are excited to be working with Oppenheimer and believe that Oppenheimer has the experience, contacts, and resources necessary to accelerate our plan to pursue the most prudent and economically attractive courses of action for our shareholders." Headquartered in New York City, Oppenheimer provides access to capital and strategic advisory services to a wide range of corporate clients with a concentration on emerging growth companies. Oppenheimer's professionals provide clients with a full range of products and services, including initial public offerings, follow-on offerings, convertible and preferred offerings, PIPEs, private placements, and M&A advisory services. The investment banking group focuses on key industry sectors, including technology, healthcare, energy, consumer, financial services and general industrial. In addition, Oppenheimer's capital markets group is an active Wall Street sponsor for small and middle-cap growth companies, providing clients with exposure to a large number of institutional investors and a complementary retail brokerage system. The Company also stated that there can be no assurance that any transaction will occur or, if one is undertaken, of its potential terms or timing. The Company may not update its progress or disclose developments with respect to potential initiatives unless the Board of Directors has approved a definitive course of action or transaction. ABOUT SYSVIEW TECHNOLOGY, INC. Sysview Technology, Inc. (OTCBB: SYVT.OB), headquartered in San Jose, Calif., designs and manufactures imaging solutions for OEM customers worldwide. The company currently manufactures over 14 proprietary imaging products and has become one of the largest global private-label manufacturers of USB-powered mobile scanners. The Company's growing intellectual property portfolio in imaging includes 19 patents with an additional 5 patents pending. Leveraging its experience in imaging technology and manufacturing, Sysview has acquired and continues to develop new technologies targeting the HD display market. Products that include its proprietary Nano-LCOS Imager and Next Wave Optical Engine are expected to reach the worldwide market in 2008. The Company is also advancing its RGB Sequential LED Backlighting technology for LCD panels. These solutions are expected to significantly enhance picture quality, decrease power consumption, and enhance the viewing experience, while reducing the cost of HD displays. FORWARD-LOOKING STATEMENTS Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based largely on current expectations and are subject to a number of known and unknown risks, uncertainties and other factors beyond the Company's control that could cause actual events and results to differ materially from these statements. These risks include, without limitation, that there can be no assurance that any strategic opportunities will be available to the Company and that any strategic opportunities may only be available on terms not acceptable to the Company, that the Company's revenue may be less than forecast and that our gross and operating margins may be less than projected and that we may not be successful in marketing our HD display solutions or that those solutions may not provide some or all of the benefits that we expect. These statements are not guarantees of future performance, and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Sysview undertakes no obligation to update publicly any forward-looking statements. COMPANY CONTACT Sysview Technology, Inc. Hayden Communications David P. Clark Peter Seltzberg Chief Investment Officer Investor Relations (561) 835-4069 (646) 415-8972 dclark@sysviewtech.com peter@haydenir.com # # # -----END PRIVACY-ENHANCED MESSAGE-----