-----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, Qg9f3GTLsh4myJkX3ZiJmZPWHl+C6mpROyyGILE07KV7M3Yn4tf/tSYz3ovh+tzW Bg2s/nW+MnwysSyHdhgZuw== 0000941158-99-000016.txt : 19990412 0000941158-99-000016.hdr.sgml : 19990412 ACCESSION NUMBER: 0000941158-99-000016 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19990408 ITEM INFORMATION: FILED AS OF DATE: 19990409 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HIGH PLAINS CORP CENTRAL INDEX KEY: 0000317551 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL ORGANIC CHEMICALS [2860] IRS NUMBER: 480901658 STATE OF INCORPORATION: KS FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-08680 FILM NUMBER: 99590817 BUSINESS ADDRESS: STREET 1: 200 W DOUGLAS STREET 2: STE 820 CITY: WICHITA STATE: KS ZIP: 67202 BUSINESS PHONE: 3162694310 MAIL ADDRESS: STREET 1: 200 W DOUGLAS STREET 2: STE 820 CITY: WICHITA STATE: KS ZIP: 67202 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN GASOHOL REFINERS INC DATE OF NAME CHANGE: 19830807 8-K 1 FORM 8-K PRIVATE SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. Date of Report (Date of earliest event reported) April 8, 1999. HIGH PLAINS CORPORATION (Exact name of registrant as specified in its charter) Kansas #1-8680 (State or other jurisdiction of (Commission File incorporation) Number) 200 W. Douglas #48-0901658 Suite #820 (IRS Employer Wichita, Kansas 67202 Identification No.) (Address of prinicipal executive offices) (316) 269-4310 (Registrant's telephone number) Item 5 Other Information Wichita, Kansas - April 8, 1999 - High Plains Corporation (NASDAQ:HIPC) today announced the formation of a new product marketing team to develop stronger customer bases for its high-quality ethanol and distiller's grain byproduct. Distiller's grain accounts for approximately 20% of the Company's sales. The team includes the hiring of two marketing professionals, Wendell Bostwick at the High Plains' Portales, NM plant, and Roger Hill at the York, NE plant. High Plains has also entered into a marketing agreement with ICM, Inc. of Colwich, KS to market its distiller's grain from its Kansas and Nebraska facilities. The ICM agreement was jointly announced with David Vander Griend, ICM's President and CEO. "The creation of our marketing team is another step in High Plains' streamlining efforts to maximize our return on capital investments and to establish low-cost operating methods," says High Plains CEO Gary R. Smith. "The investment in equipment we made previously at our York, Nebraska plant to produce high-grade ethanol must be fully utilized. Just as importantly, the industrial and beverage-grade business provides a steady, year-round business that is not as subject to the cyclical price swings of the fuel-grade market," Smith emphasizes. To increase sales, High Plains is employing Wendell Bostwick and Roger Hill to market products in locations where prior outside brokering arrangements have not achieved the level of success targeted by the Company. Conversely, High Plains believes that its marketing arrangement with ICM is the most efficient way to sell its distiller's grain from the York and Colwich plants. "ICM has a team already in place to market the distiller's grain and is right in our backyard," states Smith. Roger Hill is responsible for marketing the industrial and beverage-grade ethanol produced at the York, NE plant that has a capacity of 12 million gallons annually. Hill has extensive experience in marketing industrial and beverage-grade ethanol and comes to High Plains from Manildra Milling Corporation. Wendell Bostwick is responsible for marketing the distiller's grain and syrup byproducts of the Portales facility to the agriculture industry. Bostwick has extensive experience in the grain industry. "Distiller's grain is an important segment of our business," reminds Gary Smith. "It's reassuring to know that Wendell Bostwick and ICM, with their collective experience and record of success, will represent High Plains in these matters," he concludes. Based in Wichita, Kansas, High Plains Corporation is among the Nation's largest producers of ethanol. The Company operates production facilities in Colwich, Kansas; York, Nebraska; and Portales, New Mexico. This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including without limitation risks of fluctuations in feedstock commodity prices, changes in the market prices or demand for motor fuels and Ethanol, legislative changes regarding air quality, fuel specifications or incentive programs, as well as general market conditions, competition and pricing. The Company believes that forward-looking statements made by it are based upon reasonable expectations. However, no assurances can be given that actual results will not differ materially from those contained in such forward-looking statements. Additional information concerning these and other factors is contained in the Company's Securities and Exchange Commission filings, including its annual 10K, Proxy Statement, and quarterly 10Q filings, copies of which are available from the Company without charge. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant had duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Date April 8, 1999 HIGH PLAINS CORPORATION /s/Gary R. Smith President Chief Executive Officer -----END PRIVACY-ENHANCED MESSAGE-----