-----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, KvQ8D5fw+X2E+4Pe5gnNresXEel2edNdrscJ/kiZehlh11cONbWYNPyVpBgT8yom 6LXJBV0zBquv9IShV3p5/w== 0001169232-08-001926.txt : 20080508 0001169232-08-001926.hdr.sgml : 20080508 20080508122410 ACCESSION NUMBER: 0001169232-08-001926 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080508 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080508 DATE AS OF CHANGE: 20080508 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AUTOINFO INC CENTRAL INDEX KEY: 0000351017 STANDARD INDUSTRIAL CLASSIFICATION: TRUCKING & COURIER SERVICES (NO AIR) [4210] IRS NUMBER: 132867481 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11497 FILM NUMBER: 08812795 BUSINESS ADDRESS: STREET 1: PO BOX 4383 CITY: STAMFORD STATE: CT ZIP: 06907-0383 BUSINESS PHONE: 2019301800 MAIL ADDRESS: STREET 1: PO BOX 4383 CITY: STAMFORD STATE: CT ZIP: 06907-0383 8-K 1 d74224_8k.htm CURRENT REPORT



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): May 8, 2008

 

AUTOINFO, INC.


(Exact name of Registrant as specified in its charter)


 

 

 

 

 

Delaware

 

001-11497

 

13-2867481


 


 


(State or other jurisdiction of
incorporation)

 

(Commission
File Number)

 

(IRS Employer
Identification No.)


 

 

 

6413 Congress Ave – Suite 260
Boca Raton

 

33487


 


(Address Of Principal Executive Office)

 

(Zip Code)

Registrant’s telephone number, including area code (561) 988-9456

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 8.01: Other Events.

          On May 8, 2008, AutoInfo, Inc. issued a press release a copy of the press release is attached as Exhibit 99.1.

Item 9.01: Financial Statements, Pro Forma Financial Information and Exhibits.

          (d) Exhibits:

 

 

 

Exhibit
Number

 

Description


 


 

99.1

 

Press release dated May 8, 2008.

2



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 hereunto duly authorized.

 

 

 

 

AutoInfo, Inc.

 

 

Dated: May 8, 2008

By:

     /s/ Harry M. Wachtel

 

 


 

 

Harry M. Wachtel,

 

 

President and Chief Executive Officer

3


EX-99.1 2 d74224_ex99-1.htm PRESS RELEASE

 

 

 

 

Contact:

William I. Wunderlich

 

 

Chief Financial Officer

 

 

(561) 988-9456 ext 201

FOR IMMEDIATE RELEASE

AutoInfo, Inc. Announces Increased in Credit Facility with Wachovia Bank

Boca Raton, FL – May 8, 2008, – AutoInfo, Inc. (OTCBB:AUTO), a non-asset based supply chain logistics company, today announced that it has increased its credit facility with Wachovia Bank to from $ 10.5 to $20 Million. The loan provides for interest at LIBOR plus1 ¼ % per annum.

Harry Wachtel, President, stated, “We are extremely pleased that we have secured this increase in our facility and we value our relationship with Wachovia Bank. The completion of this transaction is a reflection on our growth, strong financial position and track record. This credit facility will support our working capital needs as we continue our growth and the implementation of our business strategies. In addition, this increased capital will enable us to seek out expansion opportunities that we believe will, in conjunction with the growth of our agent network, further fuel our future growth. ”

AutoInfo, Inc., operating through its Sunteck subsidiary, is a non-asset based supply chain logistics company. Its services include ground transportation coast-to-coast, warehouse services, air freight, rail and ocean freight. Sunteck has developed strategic alliances with major truckload, LTL (less than truckload), air, rail and ocean carriers to react to customers’ needs quickly and effectively.

This press release contains forward-looking statements regarding the timing and financial impact of the Company’s ability to implement its business plan, expected revenues and success during 2008 and beyond. These statements involve a number of risks and uncertainties and are based on assumptions involving judgments with respect to future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond AutoInfo’s control. Some of the important factors that could cause actual results to differ materially from those indicated by the forward-looking statements are general economic conditions, changes in our operating expenses, competitive pressures, changes in customer and market requirements and standards, and the risk factors detailed from time to time in AutoInfo’s periodic filings with the Securities and Exchange Commission, including without limitation AutoInfo’s Annual Report on Form 10-K for the year ended December 31, 2007. The forward looking-statements in this press release are based upon management’s reasonable belief as of the date hereof. AutoInfo disclaims any obligation to update these statements.


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