-----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, QnHtKoDSxK0aW1MlVmdcpEUeQTJaDaLr40wEw7ltCBuOieS34K1N9Y016DstE7Gx 7oQyeTMhax4iiLytJt5ESQ== 0000356446-04-000020.txt : 20040806 0000356446-04-000020.hdr.sgml : 20040806 20040806094544 ACCESSION NUMBER: 0000356446-04-000020 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040806 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20040806 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PURE WORLD INC CENTRAL INDEX KEY: 0000356446 STANDARD INDUSTRIAL CLASSIFICATION: INVESTORS, NEC [6799] IRS NUMBER: 953419191 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-10566 FILM NUMBER: 04956320 BUSINESS ADDRESS: STREET 1: P O BOX 74 STREET 2: 376 MAIN ST CITY: BEDMINSTER STATE: NJ ZIP: 07921 BUSINESS PHONE: 9082349220 MAIL ADDRESS: STREET 1: P O BOX 74 STREET 2: 376 MAIN STREET CITY: BEDMINSTER STATE: NJ ZIP: 07921 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN HOLDINGS INC /DE/ DATE OF NAME CHANGE: 19940411 FORMER COMPANY: FORMER CONFORMED NAME: COMPUTER MEMORIES INC /DE/ DATE OF NAME CHANGE: 19940411 FORMER COMPANY: FORMER CONFORMED NAME: COMPUTER MEMORIES INC DATE OF NAME CHANGE: 19920908 8-K 1 purw8k2nd04.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: (Date of earliest event reported) August 6, 2004 Pure World, Inc. ---------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware -------------------------------------------------- (State or other jurisdiction of Incorporation) 0-10566 95-3419191 ----------- ----------------- (Commission File Number) (IRS Employer Identification Number) 376 Main Street, P.O. Box 74, Bedminster, New Jersey 07921 ---------------------------------------------------------------- (Address of Principal Executive Offices, Zip Code) 908-234-9220 --------------------------------------------------- (Registrant's Telephone Number, including area code) Not Applicable --------------------------------------- (Former name of former addresses, if changed since last report) Item 7. Financial Statements and Exhibits (c) Exhibits Exhibit No. Exhibit ----------- ------- 99.1 Press Release of Pure World, Inc. dated August 6, 2004. Item 9. Regulation FD Disclosure (including Item 12. Results of Operations and Financial Condition). On August 6, 2004, Pure World, Inc. issued a press release reporting earnings and other financial results for its second quarter of 2004, which ended June 30, 2004. A copy of the press release is attached as Exhibit 99.1. SIGNATURE Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Pure World, Inc. August 6, 2004 /s/ Sue Ann Merrill ---------------------------- Sue Ann Merrill Chief Financial Officer (Principal Financial and Accounting Officer) EX-99 3 prerel2nd04.txt Exhibit 99.1 August 6, 2004 Direct Inquiries To: Paul O. Koether, Chairman (908) 234-9220 PURE WORLD ANNOUNCES SECOND QUARTER RESULTS BEDMINSTER, NEW JERSEY - PURE WORLD, INC., (PURW - NASDAQ) today announced that revenues for the quarter ended June 30, 2004 were $10,488,000 with net income of $1,139,000 ($.14 per share) compared to revenues of $4,493,000 with a net loss of $383,000 ($.05 per share) for the quarter ended June 30, 2003. For the six months ended June 30, 2004, revenues were $18,103,000 with net income of $1,341,000 ($.17 per share) compared to revenues of $12,066,000 and net income of $309,000 ($.04 per share) for the six months ended June 30, 2003. Paul O. Koether, Chairman, stated that the dramatic increase in sales was due primarily to the introduction of several new products. One new product accounted for approximately $8 million in sales to one customer for the six months ended June 30, 2004. There can be no assurance that sales of this product will continue or that this customer will result in significant business in the future, however the Company continues to develop new products and pursue new opportunities. Sales of extracts in July were disappointing. The Company is not able to determine if July was an anomaly or the beginning of an unfavorable trend. Historically, results for the Company have varied widely between quarters. Pure World has 8,137,744 shares of common stock outstanding. This Press Release contains forward-looking statements which may involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results and performance in future periods to be materially different from any future results or performance suggested by these statements. Pure World cautions investors not to place undue reliance on forward-looking statements, which speak only to management's expectations on this date. The per share earnings in the text of this news release are diluted earnings per share. PURE WORLD, INC. AND SUBSIDIARIES CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2004 AND 2003 (in thousands, except per share data) (UNAUDITED) Three Months Ended Six Months Ended June 30, June 30, ---------------------- ---------------------- 2004 2003 2004 2003 -------- -------- -------- -------- Revenues: Sales $ 10,486 $ 4,488 $ 18,099 $ 11,954 Interest and other income 2 5 4 112 -------- -------- -------- -------- Total revenues 10,488 4,493 18,103 12,066 -------- -------- -------- -------- Expenses: Cost of goods sold 7,726 3,797 13,808 9,223 Selling, general and administrative 1,536 1,115 2,841 2,431 -------- -------- -------- -------- Total expenses 9,262 4,912 16,649 11,654 -------- -------- -------- -------- Income (loss) before income taxes 1,226 ( 419) 1,454 412 Provision (benefit) for income taxes 87 ( 36) 113 103 -------- -------- -------- -------- Net income (loss) $ 1,139 ($ 383) $ 1,341 $ 309 ======== ======== ======== ======== Basic net income (loss) per share $ .15 ($ .05) $ .18 $ .04 ======== ======== ======== ======== Diluted net income (loss) per share $ .14 ($ .05) $ .17 $ . 04 ======== ======== ======== ========
CONSOLIDATED CONDENSED BALANCE SHEET JUNE 30, 2004 (in thousands) (UNAUDITED) Cash and cash equivalents $ 503 Accounts receivable, net 5,753 Inventories 9,220 Other 880 -------- Total current assets 16,356 Plant and equipment, net 6,394 Investment in unaffiliated natural products company 1,510 Goodwill 1,144 Other assets 714 -------- Total assets $ 26,118 ======== Current liabilities $ 6,977 Long-term debt 1,780 -------- Total liabilities 8,757 Stockholders' equity 17,361 -------- Total liabilities and stockholders' equity $ 26,118 ======== -----END PRIVACY-ENHANCED MESSAGE-----