-----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, PKZsWAoemTIG+Jy6kU9dQf2Cy325XakoEbJPs/8YvkVJznvwgYQd5sQ5t2FqglBw e/aBdaFd2oZI4pgIgd9ZeQ== 0001102624-06-000010.txt : 20060118 0001102624-06-000010.hdr.sgml : 20060118 20060118112422 ACCESSION NUMBER: 0001102624-06-000010 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060117 ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060118 DATE AS OF CHANGE: 20060118 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IMPRESO INC CENTRAL INDEX KEY: 0001108345 STANDARD INDUSTRIAL CLASSIFICATION: MANIFOLD BUSINESS FORMS [2761] IRS NUMBER: 752849585 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-29883 FILM NUMBER: 06534718 BUSINESS ADDRESS: STREET 1: 652 SOUTHWESTERN BLVD CITY: COPPELL STATE: TX ZIP: 75019 BUSINESS PHONE: 9724620100 MAIL ADDRESS: STREET 1: 652 SOUTHWESTERN BLVD CITY: COPPELL STATE: TX ZIP: 75019 FORMER COMPANY: FORMER CONFORMED NAME: IMPRESO COM INC DATE OF NAME CHANGE: 20000302 8-K 1 impreso8k.htm IMPRESO 8-K


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: January 17, 2006
(Date of earliest event reported)

Impreso, Inc.
(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction
of incorporation)
000-29883
(Commission File Number)
75-2849585
(IRS Employer
Identification Number)

652 Southwestern Blvd
(Address of principal executive offices)
  75019
(Zip Code)

972-462-0100
(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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 9.01. Financial Statements and Exhibits

(a) Financial statements:
            None
(b) Pro forma financial information:
            None
(c) Shell company transactions:
            None
(d) Exhibits

Earnings Press Release for First Quarter Fiscal 2006

            99.1       Press Release of Impreso, Inc. dated January 17, 2006


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 hereunto duly authorized.


Dated: January 17, 2006
IMPRESO, INC.

By:  /s/ Marshall D. Sorokwasz                    
     Marshall D. Sorokwasz
     President and CEO


Exhibit Index
Exhibit No. Description
99.1 Press Release of Impreso, Inc. dated January 17, 2006
EX-99 2 impresoinc8k106575.htm IMPRESO PRESS RELEASE

Impreso Reports First Quarter FY 2006 Sales and Earnings

COPPELL, TX -- 01/17/2006 -- Impreso, Inc. (NASDAQ: ZCOM), which through its subsidiaries is involved in (1) the manufacture and distribution of paper and film hard copy imaging products for commercial and home office applications, (2) the development of eCommerce initiatives, and (3) natural spring water bottling and distribution, today announced sales and earnings for the first quarter of Fiscal 2006.

Net sales decreased to $18 million in the First Quarter of Fiscal 2006, from $20 million in the prior year period, a decrease of $2.1 million or approximately 10.7%.

Gross profit increased from $980,000 in the three months ended November 30, 2004 to $1.6 million in the First Quarter 2006. Our gross profit margin increased to 9 % in the three months ended November 30, 2005, as compared to 4.9 % in the prior corresponding period.

Net loss decreased to ($334,787), or ($0.06) per share in the most recent quarter, compared with ($760,037), or ($0.14) per share, in the prior-year period.

"The increase in gross profit and gross profit margin for the three month period ended November 30, 2005, as compared to the prior year period, was a result of successful implementation of significant portions of the cost reduction savings plan, including a finished goods price increase in the third quarter of Fiscal 2005, a further reduction in inventory, selling a plant, and a leaner workforce," stated Marshall Sorokwasz, President and Chief Executive Officer of Impreso, Inc. "From the quarter ended February 29, 2005, we have successively reduced our net losses each quarter, and are encouraged by these results since we have not completed implementation of all the elements of the plan, such as selling our West Virginia buildings. Subsequent to this reporting period, in December 2005, another element was accomplished by the subleasing of space at our Chambersburg, PA facility."

About Impreso, Inc.

Impreso, Inc. is a holding company for TST/Impreso, Inc., Alexa Springs, Inc., and HotSheet.com, Inc. TST/Impreso, Inc. is a manufacturer and distributor of hard copy imaging products for commercial and home use in domestic and international markets. HotSheet.com, Inc. primarily owns HotSheet.com, a single-page, online Internet directory with categorized links to premier web destinations. Alexa Springs, Inc. is a natural spring water bottling operation. The Company's website domains are www.impreso.com, www.tstimpreso.com, www.alexasprings.com, and www.hotsheet.com.

Impreso, Inc. is headquartered in Coppell, Texas, and its common stock trades on the Nasdaq Capital Market under the symbol "ZCOM."

This press release may include statements that constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of the Company's products in the marketplace, competitive factors, new products and technological changes, paper prices and raw material costs, dependence upon third-party vendors, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.

                      IMPRESO, INC. & SUBSIDIARIES

             INTERIM CONSOLIDATED STATEMENT OF OPERATIONS
                           (UNAUDITED)



                                                    Three Months Ended
                                               November 30,    November 30,
                                                  2005             2004
                                               -----------     -----------

Net sales                                      $17,840,693     $19,976,634

Cost of sales                                   16,237,339      18,996,776
                                               -----------     -----------

                  Gross profit                   1,603,354         979,858


Gain on sales of assets                            (52,798)        (59,224)
Embezzlement recovery                                  (25)       (253,313)
Selling, General and administrative
 expenses                                        1,835,024       2,285,850
                                               -----------     -----------

                  Operating loss                  (178,847)       (993,455)

Other expenses (income):

            Interest expense                       305,372         238,930
             Insurance recovery                        ---         (10,000)

            Other expense (income), net             22,907         (69,220)
                                               -----------     -----------

                  Total other expense
                  (income)                         328,279        (159,710)


Loss before income tax expense                    (507,126)     (1,153,165)

Income tax (benefit) expense :

            Current                               (113,788)          6,250

            Deferred                               (58,551)       (399,378)
                                               -----------     -----------

                  Total income tax benefit        (172,339)       (393,128)


Net loss                                          (334,787)       (760,037)
                                               ===========     ===========


Net loss per share (basic and diluted)              $(0.06)         $(0.14)
                                               ===========     ===========

Weighted average shares
 outstanding (basic)                             5,278,780       5,278,780
                                               ===========     ===========
Weighted average shares
 outstanding (diluted)                           5,286,389       5,301,493
                                               ===========     ===========

For further information, please contact:
Marshall Sorokwasz
(972) 462-0100 (ext. 1103)
or
Tammy Yahiel
General Counsel
(972) 462-0100 (ext. 1117)
yahiel@tstimpreso.com


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