-----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, MB+lV2HSW+0eg/UMERuax26btWYKbFo4YSKwLJz6wPsiM0a48DH90y954mKSULZy 7Y5Q/EzlAjMF656ON8TVfQ== 0001072588-04-000334.txt : 20040903 0001072588-04-000334.hdr.sgml : 20040903 20040903171049 ACCESSION NUMBER: 0001072588-04-000334 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20040903 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Unregistered Sales of Equity Securities ITEM INFORMATION: Changes in Control of Registrant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20040903 DATE AS OF CHANGE: 20040903 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AZONIC CORP CENTRAL INDEX KEY: 0001099561 STANDARD INDUSTRIAL CLASSIFICATION: [9995] IRS NUMBER: 841517404 STATE OF INCORPORATION: NV FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-28315 FILM NUMBER: 041017413 BUSINESS ADDRESS: STREET 1: 11145 W ROCKLAND PR CITY: LITTLETON STATE: CO ZIP: 80127 BUSINESS PHONE: 3039810523 MAIL ADDRESS: STREET 1: 11145 W ROCKLAND PR CITY: LITTLETON STATE: CO ZIP: 80123 8-K 1 azonic8kinfinity.txt 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: September 3, 2004 AZONIC CORPORATION ------------------------------- (Exact name of registrant as specified in its charter) Nevada 000-28315 84-1517404 - ------------------ ---------------- ------------------ (State or other (Commission (IRS Employer jurisdiction of File Number) Identification No.) incorporation) 7 Dey Street, Suite 900, New York, NY 10007 - ----------------------------------------------- --------- (Address of principal executive offices) (Postal Code) Registrant's telephone number, including area code: (212) 962-4400 -------------- 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. [_] Written communications pursuant to Rule 425 under the Securities Act (17 CFR240.14d-2(b)) [_] Soliciting material pursuant to Rule 14a-12 under Exchange Act (17 CFR240.14a-12) [_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR240.14d-2(b)) [_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR240.13e-4(c)) Section 1 - Registrant's Business and Operations Item 1.01 Entry into a Material Definitive Agreement The Company announces that it has entered into a Contract for Sale of Assets whereby it is purchasing certain assets consisting of Intellectual Property, Licenses for FCC, and software, tools and molds, phone and battery inventory, and some orders from the Filippo Guani Revocable Trust. The assets are for the manufacture, assembly, and sale of cell phones. The Company is issuing 4,797,600 shares of its common stock as consideration, and Seller shall have an earn out of up to $3 million based upon future operating profit parameters. Certain antidilution protections for 90 days have been agreed, and the Seller has the right to designate one Board member. The Company intends to explore getting into cell phone business with these assets. Item 1.02 Termination of a Material Definitive Agreement None Item 1.03 Bankruptcy or Receivership None Section 2 - Financial Information Item 2.01 Completion of Acquisition or Disposition of Assets None Item 2.02 Results of Operations and Financial Condition None Item 2.03 Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant None Item 2.04 Triggering Envents That Accelerate or Increase a Direct Financial Obligation or an Obligation Under and Off-Balance Sheet Arrangement None Item 2.05 Costs Associated with Exit or Disposal Activities None Item 2.06 Material Impairments None Section 3 - Securities Trading Markets Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing None Item 3.02 Unregistered Sales of Equity Securities The Company has agreed to issue 4,797,600 shares of common stock to the Filippo Guani Revocable Trust purusant to the Contract for Sale of Assets, as an issuance exempt from registration pursuant to Section 4(6) of the Securities Act of 1933. Item 3.03 Material Modification to Rights of Security Holders None Section 4 - Matters Related to Accountants and Financial Statements Item 4.01 Changes in Registrant's Certifying Accountant None Item 4.02 Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review None. Section 5 - Corporate Governance and Mangement Item 5.01 Changes in Control of Registrant Infinity Capital Group, Inc. has entered into an agreement for the purchase of 4,800,000 (pre split) shares (18,000,000 shares post split) of common stock of Azonic Corp. from L&M Specialties, Inc. The agreement provides for notes requiring cash payments of $12,500 in each of the months of September, October, November, and December 2004. 1,000,000 shares have been pledged as collateral for the votes. In addition, 500,000 shares have been deposited as a reserve to preserve L&M's share ownership percentage relative to Infinity at 5% of Infinity's holding after a merger transaction has been completed. Under certain circumstances L&M may sell 50,000 shares each 90 days if the Company has not completed an acquisition in each such 90 day period. After an acquisition is made, Infinity shall receive any balance of shares. Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers None Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year None Item 5.04 Temporary Suspension of Trading Under Registrant's Employee Benefit Plans None Item 5.05 Amendments to the Registrant's Code of Ethics, or Waiver of a Provi- sion of the Code of Ethics. Section 6 - [Reserved] Section 7 - Reulation FD Item 7.01 Regulation FD Disclosure None Section 8 - Other Events Item 8.01 Other Events None Section 9 - Financial Statements and Exhibits Item 9.01 Financial Statements and Exhibits Financials - None Exhibits - 10.1 Agreement the Filippo Guani Revocable Trust 99 Press Release 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 thereunto duly authorized. Date: September 3, 2004 AZONIC CORPORATION By: /s/ Greg Laborde ---------------------------------------- Greg Laborde, President EX-10 2 ex10.txt EXHIBIT 10 CONTRACT FOR THE SALE OF ASSETS EXHIBIT 10 CONTRACT FOR THE SALE OF ASSETS This Agreement entered into this 26th day of August, 2004, by and between FILIPPO GUANI as Trustee of the Filippo Guani Revocable Trust, c/o Swann & Hadley, P.A., 1031 West Morse Boulevard, Suite 350, Winter Park, Florida, 32789 (hereinafter referred to as "Seller"), and AZONIC CORP., located at 7 Dey Street, Suite 900, New York, New York, 10007 (hereinafter referred to as "Buyer"). RECITALS WHEREAS, Seller owns and controls certain assets set forth on Exhibit "A" which, by reference, is incorporated herein; and WHEREAS, Buyer wishes to acquire the assets under the terms and condi- tions outlined below; and WHEREAS, Seller has represented to Buyer that Seller has good and marketable title to these assets, free and clear of any and all liens or claims by third parties; NOW, THEREFORE, in consideration of the mutual covenants and undertak- ings herein, IT IS AGREED: 1. ASSET SALE: Seller shall sell to Buyer, and Buyer shall purchase and acquire from Seller, all of the assets listed on Exhibit "A" (the "Purchased Assets") Said conveyance shall be absolute, free and clear of any and all claims or right of setoff from any parties. 2. CONSIDERATION: Buyer agrees to pay and/or convey to Seller the following as consideration for the sale set forth above: a. STOCK. As consideration for the Purchased Assets, at the Closing, Buyer shall issue to Seller 4,797,600 shares of common stock of Buyer (the "Shares"), which number represents no more than 19.99% of the issued and outstanding capital and voting stock of the Buyer immediately prior to the transactions contemplated by this Agreement. b. EARN OUT. Seller shall also receive from Buyer an earn out of USD $3 million paid as follows: (1) Once Buyer has achieved a cumulative operating profit of USD$27.5 million (operating profit for the purpose of this agreement being defined as gross sales less cost of goods sold (i.e., direct costs, including discounts, promotions. returns and the initial airtime included with the phone handset units)), Buyer shall commence payment to Seller and/or his assigns the USD$3 million listed above, payable in increments of USD$300,000 per quarter without interest. Upon the payment of the USD$3 million listed herein, this earn-out provision shall terminate and no further payments shall be due to Seller. c. BOARD DESIGNEE. Seller shall have the right to designate one (1) member of the board of directors of Buyer. d. ANTIDILUTION PROTECTION. If the Buyer issues any additional shares of its Common Stock within 90 days after the Closing Date in connection with an equity financing (a "Dilutive Issuance"), Buyer shall issue additional shares of its Common Stock to Seller such that, immediately after such Dilutive Issuance, Seller holds 19.99% of Buyer's issued and outstanding Common Stock. 3. Seller and Buyer shall also enter into a Shareholder Agreement, together with the other shareholders of Buyer. Such Shareholder Agreement shall include the normal provisions found in such agreement and will include, but is not limited to: 1. Provisions for directors' liability insurance; 2. Restrictive covenants to protect minority shareholders' rights; 3. Repurchase conditions; 4. Approval of annual operating and capital expenditures and budget; 5. Other normal course clauses, including non-competition clauses, management responsibilities and the like; 6. Restriction on shareholder remuneration; 7. Financial statement reporting requirements; 8. Change of auditors restricted without approval; 9. Permitted transfers to be approved by the board; 10. Normal warranties and representations. 4. Seller represents and warrants to Buyer: (a) Seller is duly organized, validly existing and in good standing under the laws of its jurisdiction of organization or formation, with full power and authority to hold and own its properties and assets (including the Purchased Assets), to execute and deliver this Agreement, and to consummate the transactions contemplated hereby. (b) Seller has all requisite power and authority to execute, deliver and perform this Agreement, the Transactions and each other document being executed in connection herewith to which it is a party. The execution, delivery and performance of this Agreement and all other documents and agree- ments contemplated hereby to be executed by Seller have been, or by the Closing will have been, duly authorized by all requisite action of Seller, and this Agreement and each such other document or agreement contemplated hereunder will be, a valid and binding obligation of Seller, enforceable against Seller in accordance with its terms, subject to applicable bankruptcy, insolvency, reorg- anization, moratorium and similar laws affecting creditors' rights and remedies generally, and subject, as to enforceability, to general principles of equity. (c) Seller has good and marketable title to the Purchased Assets and the Purchased Assets, whether tangible or intangible, shall be at the time of transfer, free of all liens, security interests, claims, rights of set- off and encumbrances of any kind or nature whatsoever. (d) The execution, delivery and performance of this Agreement and all other documents and agreements contemplated hereby and the consummation of the Transactions do not and will not (a) violate any provisions of law applic - -able to Seller; (b) with or without the giving of notice or passage of time, or both, conflict with or result in the breach of any provision of Seller's consta- tive documents or any material instrument, license, agreement or commitment to which Seller is a party, or by which the Purchased Assets are bound; (c) consti- tute a violation of any order, judgment or decree to which Seller is a party or by which any of its assets or properties are bound; (d) require the consent, approval, order or authorization of, or registration or filing with any court, administrative agency, or other U.S., Canadian or other governmental agencies or (e) assuming the correctness of Buyer's representations and warranties require, any approval of, or filing or registration with, any U.S., Canadian or other governmental agency or third person. (e) Exhibit "A" attached hereto sets forth a list of all registered intellectual property owned by Seller (the "Registrations"). The Registrations are valid and subsisting and Seller is the exclusive owner of, and enjoys all rights of ownership with respect to, the Registrations. (f) Exhibit "A" sets forth all of the Intellectual Property in which Seller has an interest as a licensee. Such licensed Intellectual Property is free and clear of any lien or encumbrance whatsoever (including, without limitation, any royalty obligation or any limitation on the right to use such Intellectual Property anywhere in the world). Seller has the right to transfer or assign such licenses to Buyer without the consent or approval of any party. (g) Except as set forth in Exhibit "A" Seller has not received any threat, demand or notice of claim from any person or entity asserting that Seller's use of any of the intellectual property contained in the Purchased Assets or the Registrations constitutes any infringement, interference, viola- tion, misappropriation, breach or wrongful use of the intellectual property rights of any other person or entity and Seller is not party to any proceeding or outstanding decree, order, judgment, agreement or stipulation restricting in any manner the use, transfer, or licensing by Seller of any Intellectual Property, or which may affect the validity, use or enforceability of such Intellectual Property by Seller. (h) No action, proceeding, revocation proceeding, amendment procedure, writ or injunction is pending, and to Seller's actual and construc- tive knowledge, no action, proceeding, revocation proceeding, amendment proced- ure, writ or injunction has been threatened by any U.S., Canadian or other governmentalagency against Seller concerning any consents affecting the Purchas - -ed Assets and Seller has no actual or constructive knowledge of any fact or circumstance which is reasonably likely to involve Seller in any litigation related thereto or impose upon Seller any material liability affecting the Purchased Assets. (i) There are no actions, suits, proceedings or arbitrations, investigations or claims of any kind pending, or, to the actual or constructive knowledge of Seller, threatened before any court, commission, agency or other administrative authority against Seller or any of its representatives relating in any way to any of the Purchased Assets, and Seller is not the subject of any order or decree. There is no injunction, order, judgment, decree or regulatory restriction that has been imposed upon Seller or the Purchased Assets. (j) The Seller has not incurred any obligation of any kind whatsoever to anyparty for a finder's fee (or similar compensation) in connec- tion with the transactions contemplated by this Agreement. (k) No approval, authorization, order, license or consent of or registration, qualification or filing with any U.S., Canadian or other govern - -mental agency and no approval or consent by any other person or entity is required in connection with the execution, delivery or performance by Seller of this Agreement and any related agreements. (l) The Seller has determined that the consideration it is receiving for the Purchased Assets is fair and reasonable consideration in all respects. (m) The Seller is not required to comply with any applicable law relating to "bulk sales" or other creditor notification requirement because no creditor has any claim whatsoever against any of the Purchased Assets. (n) Seller has not assigned or licensed any interest in the trade name of Cyclone. (o) There are no written or oral employment agreements with any parties whatsoever with reference to the management or handling of the Purchased Assets. (p) There are no actions or proceedings pending or threatened against Seller with reference to the Purchased Assets. (q) No Active Business. The Seller has never conducted an active trade or business utilizing any of the Purchased Assets, and the Purchased Assets do not contain any of the following: (i) Any physical facilities; (ii) Any employees; (iii) Any accounts payable or receivable (iv) Any market distribution system; (v) Any sales force; (vi) Any customer base or list; (vii) Any operating rights, sales, marketing or manufacturing contracts; or (viii) Any production techniques or rights (r) Seller is acquiring the Shares for his, her or its own account for investment and not with a view to, or for sale in connection with, any distribution thereof, nor with any present intention of distributing or selling the same; and Seller has no present or contemplated agreement, undertak- ing, arrangement, obligation, indebtedness or commitment providing for the disposition thereof. (s) Seller is an "accredited investor" as defined in Rule 501(a) under the Securities Act of 1933 (as amended, the "Securities Act"). (t) Seller has carefully reviewed the representations concern- ing the Buyer contained in this Agreement, the Buyer's publicly available filings and has made detailed inquiry concerning the Buyer, its business and its personnel; the officers of the Buyer have made available to Seller any and all written information which he, she or it has requested and have answered to Seller's satisfaction all inquiries made by Seller; and Seller has sufficient knowledge and experience in finance and business that it is capable of evaluat- ing the risks and merits of its investment in the Buyer and Seller is able financially to bear the risks thereof. (u) Restricted Shares shall not be sold or transferred unless either (i) they first shall have been registered under the Securities Act, or (ii) the Buyer first shall have been furnished with an opinion of legal counsel, reasonably satisfactory to the Buyer, to the effect that such sale or transfer is exempt from the registration requirements of the Securities Act. "Restricted Shares" means the Shares and any other shares of capital stock of the Buyer issued in respect of such Shares (as a result of stock splits, stock dividends, reclassifications, recapitalizations or similar events); provided, however, that Shares which are Restricted Shares shall cease to be Restricted Shares (x) upon any sale pursuant to a registration statement under the Securities Act, Section 4(1) of the Securities Act or Rule 144 under the Securities Act or (y) at such time as they become eligible for sale under Rule 144(k) under the Securities Act. (v) Notwithstanding the foregoing, no registration or opinion of counsel shall be required for a transfer made in accordance with Rule 144 under the Securities Act. (w) Each certificate representing Restricted Shares shall bear a legend substantially in the following form: "The shares represented by this certificate have not been registered under the Securities Act of 1933, as amended, and may not be offered, sold or otherwise transferred, pledged or hypothecated unless and until such shares are registered under such Act or an opinion of counsel satisfactory to the Buyer is obtained to the effect that such registration is not required." The foregoing legend shall be removed from the certificates representing any Restricted Shares, at the request of the holder thereof, at such time as they become eligible for resale pursuant to Rule 144(k) under the Securities Act. The representation and warranties in this paragraph shall survive closing. 5. Seller shall indemnify and hold Buyer harmless of and from all liabilities, losses or damages arising out of any misrepresentation, breach of warranty, or non-fulfillment of any provision of this Agreement or any claim by any third party against the Buyer relating to the Purchased Assets. 6. Buyer represents and warrants to Seller: (a) Corporate Existence. Buyer is a corporation duly organized, validly existing and in good standing under the laws of the state of Nevada. The execution and delivery of this agreement and the consummation of the transaction contemplated hereby by Buyer has been duly and validly authorized and approved by all necessary corporate action. This agreement has been duly executed and delivered by Buyer, is valid and binding upon Buyer, and is enforceable against Buyer in accordance with its terms. (b) No Violation. Consummation of the transaction contemplated by this Agreement will not result in a breach of any term or provision of the Articles of Incorporation or Bylaws of Buyer nor result in a breach by Buyer of any term or provision of any lease, mortgage, agreement, instrument or restriction of any kind or character or any order, judgment or decree binding upon Buyer. 7. The closing shall take place at the offices of the Buyer located at 7 Dey Street, Suite 900, New York, New York, 10007 on such date (the "Closing Date") as the following conditions are satisfied, or such later time as the parties mutually agree: i. Buyer shall have entered into a manufacturing contract on terms and conditions as are reasonably satisfactory to Buyer. ii. Seller shall have confirmed that the representations and warranties of Seller set forth in this Agreement are true in all material respects on and as of the Closing Date. iii. Buyer shall be satisfied that no governmental agency or other authority shall have indicated any intention to prevent or enjoin the consummation of this Agreement. iv. Buyer shall be satisfied that no third party shall have initiated or threatened to initiate any litigation or other proceeding attempting to prevent or enjoin the consummation of this Agreement. 8. Binding Effect. This agreement shall be binding upon and inure to the benefit of both parties hereto and their respective heirs, successors, and assigns. 9. Non-waiver. No delay or failure by either party to exercise any right hereunder, and no partial or single exercise of any such right, shall constitute a waiver of that or any other right, unless otherwise expressly provided herein. 10. Headings. Headings in this agreement are for convenience only and shall not be used to interpret or construe its provisions. 11. Governing Law. This agreement shall be governed by and constru - -ed in accordance with the laws of the State of New York (without regard to conflicts of laws provisions) and venue for any action to enforce this agreement shall be New York, New York. 12. Counterparts. This agreement may be executed by one or more counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument. And further, a facsimile signature shall be accepted as an original. 13. Time of essence. Time is of the essence in this agreement. 14. Entire Agreement. This agreement supersedes all prior agree- ments and constitutes the entire agreement between the parties hereto with respect to the subject matter hereof. 15. Miscellaneous. Should any party to this contract bring an action to enforce their rights hereunder, the prevailing party shall be entitled to receive all costs expended in such action, including attorneys' fees. 16. Further Assurances. The Seller shall, at any time and from time to time after the Closing Date, upon the request of the Buyer, do, execute, acknowledge and deliver and cause to be done, executed, acknowledged or deliver- ed, all such further acts, deeds, assignments, transfers, conveyances, powers of attorney or assurances as may be reasonably required to transfer, assign, convey, grant and confirm to the Buyer, or to aid and assist in the collection of or reducing to possession by the Buyer, the Purchased Assets, or to vest in the Buyer good and marketable title to the Purchased Assets as herein provided. "SELLER" ------------------------------- FILIPPO GUANI as Trustee of the Filippo Guani Revocable Trust "BUYER" AZONIC CORP. By: --------------------------- Greg Laborde President EXHIBIT "A" US Patent Date -September 9, 2003 Number US D479,512 S Status- Design Patent Additional Coverage- PCT- US Provisional 60/276,141 Assignment to New Horizons Technologies International Inc.: US Serial No. 29/157,224- filed March 15, 2002 Industry Canada Date- July 29, 2003 Number- 99018 Status- Design Patent FCC License Grant of Equipment Authorization Certification: Date of Grant: May 20, 2002 Current Status: Valid Transfer consent received. FCC Identifier- P4F110A Equipment Class: Licensed Non-Broadcast Transmitter Held to the Ear Canadian Technical Acceptance Certificate Date: March 26, 2002 Certification Number: 4267A 1100A Type: Portable Cellular Transceiver Current Status: Valid Transfer consent received. Licenses: SOFTWARE A. Connect 2 software license B. Operating System software License C. MAS 90 Accounting software Tools and Molds: A. Gazelle Prototype tools B. Exterior case molds C. Telifilter tool D. GPS keymat tool Equipment/ Furniture Fixtures: A. 2 HP8920 Test Units B. 1 Desktop computer C. Fax Machine D. Miscellaneous office furnishings Inventory: With Seller: Phone units 1,800 Phone batteries 1,000 Packages 500 At Mack Technologies Florida (fully paid): Completed units: 2,410 Scrapped units: 367 Total open orders: 9,230 Finished goods 1,320 Board level sub-assembly: 1,058 Total raw material kits: 4,300 EX-99 3 ex99.txt EXHIBIT 99 AZONIC CORPORATION PRESS RELEASE DATED AUGUST 25, 2004 EXHIBIT 99 AZONIC CORPORATION ACQUIRES ASSETS FROM FILIPPO GUANI REVOCABLE TRUST August 26, 2004, New York, NY - Azonic Corporation (OTC: AZOI) is pleased to announce that on August 25, 2004 it agreed to acquire certain assets from Filippo Guani Revocable Trust. Under the terms of the transaction, at the closing of the transaction Azonic Corporation will issue issue 4,797,600 shares of its common stock and will be required to pay a further $3 million under an earn-out arrangement. Under the earn-out arrangement the Company will be obligated to pay $300,000 per quarter to a maximum of $3 million, after cumulative operating profit (defined as sales less cost of goods sold) first exceeds $27.5 million. The Company also agreed to other customary terms and conditions in a transaction of comparable scope and size. Azonic Corporation expects that the transaction will close in September of 2004. The assets to be acquired consist of patents, licenses, tools, molds, partially manufactured inventory and other intellectual property rights of a disposable cellular phone. This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and management's views and assumptions regarding future events. Such forward-looking statements are inherently uncertain. Azonic Corporation cannot provide assurances that the matters described in this press release will be successfully completed or that we will realize the anticipated benefits of any transaction. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to: global economic and market conditions; the war on terrorism and the potential for war or other hostilities in other parts of the world; the availability of financing and lines of credit; successful integration of acquired or merged businesses; changes in interest rates; management's ability to forecast revenues and control expenses, especially on a quarterly basis; unexpected decline in revenues without a corresponding and timely slowdown in expense growth; our ability to retain key management and employees; intense competition and our ability to meet demand at competitive prices and to continue to introduce new products and new versions of existing products that keep pace with technological developments, satisfy increasingly sophisticated customer requirement and achieve market acceptance; relationships with significant suppliers and customers; as well as other risks and uncertainties, including but not limited to those detailed from time to time in Azonic Corporation's SEC filings. Azonic Corporation undertakes no obligation to update information contained in this release. For further information regarding risks and uncertainties associated with Azonic Corporation's business, please refer to the risks and uncertainties detailed from time to time in Azonic Corporation's SEC filings. Source: Azonic Corporation For More Information Contact: Gregory Laborde Chairman & C.E.O. Telephone: 212-962-4400 -----END PRIVACY-ENHANCED MESSAGE-----