-----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, VPenFHh+kAbPoav2NiN/qTK0M4Jjpdhi5TZcNEFPY9NSsF7hVa9zPGVcjHTkN5dE HHOa2IjCoKzc7eIwVhbIWg== 0000950120-03-000402.txt : 20030626 0000950120-03-000402.hdr.sgml : 20030626 20030626153317 ACCESSION NUMBER: 0000950120-03-000402 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030623 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030626 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DISTINCTIVE DEVICES INC CENTRAL INDEX KEY: 0000059963 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATIONS EQUIPMENT, NEC [3669] IRS NUMBER: 131999951 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-02749 FILM NUMBER: 03758580 BUSINESS ADDRESS: STREET 1: ONE BRIDGE PLAZA SUITE 100 CITY: FORT LEE STATE: NJ ZIP: 07024 BUSINESS PHONE: 5612744233 MAIL ADDRESS: STREET 1: ONE BRIDGE PLAZA SUSITE 100 CITY: FORT LEE STATE: NJ ZIP: 07024 FORMER COMPANY: FORMER CONFORMED NAME: LMC DATA INC DATE OF NAME CHANGE: 19761021 8-K 1 ddi8k_0625.txt DISTINCTIVE DEVICES, INC. FORM 8-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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) - June 23, 2003 DISTINCTIVE DEVICES, INC. ------------------------- (Exact name of registrant as specified in its charter) Delaware 0-2749 13-1999951 - -------------------------------------------------------------------------------- (State or other jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No.) One Bridge Plaza, Ste. 100, Fort Lee, NJ 07024 - -------------------------------------------------------------------------------- (Address of principal executive offices) (zip code) Registrant's telephone number, including area code - (201) 363-9922 -------------- N/A - -------------------------------------------------------------------------------- (Former Name or Former Address, if changed since last report) ITEM 5. OTHER EVENTS The Company issued a press release announcing that it has entered into a licensing agreement with Galaxis Technology AG of Germany. A copy of such press release is an exhibit to this Report. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (c) Exhibits 99.1 Press Release, dated June 23, 2003. 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. DISTINCTIVE DEVICES, INC (Registrant) By: /s/ Sanjay Mody ------------------------------- Sanjay Mody, President June 26, 2003 3 EXHIBIT INDEX ------------- EXHIBIT - ------- 99.1 Press Release, dated June 23, 2003. 4 EX-99 3 ex99_1.txt EXHIBIT 99.1 PRESS RELEASE PRESS RELEASE DISTINCTIVE DEVICES INC. AND GALAXIS AG. ENTER INTO LICENSING AGREEMENT FOR PRODUCTION OF SET-TOP BOXES IN INDIA AGREEMENT OPENS NEW MARKET FOR DDI PROVIDING ROBUST GROWTH PROSPECTS FORT LEE, N.J.--June 23, 2003-- Distinctive Devices Inc. ("DDI") (OTC: DDVS - News) today announced that DDI has entered into a manufacturing licensing agreement with Galaxis Technology A.G. of Germany, a leading set-top box manufacturer in Europe, through DDI wholly owned subsidiary, RealTime Systems Ltd. ("RTS") based in New Delhi, India. RTS will manufacture and market television set-top boxes ("STB") under the RealTime brand in India and for export. The Indian government has legislated introduction of conditional access systems ("CAS") beginning July 14, 2003, to organize and regulate the fragmented cable and pay television industry. RealTime is the first known manufacturer of STB in India pursuant to the new CAS specifications. The phased implementation of CAS will begin in Mumbai, Delhi, Kolkatta and Chennai covering over 7 million cable subscribers. In India, total cable subscribers are estimated at 40 million and are expected to reach 70 million in the next five years. All cable networks in India will be under CAS in the next 12 months. RTS will also produce STB for the DTH (direct to home) subscribers when direct from satellite services are introduced later in the third quarter for the first time in India. RTS plans regular production of STB in the third quarter 2003. RTS currently has a capacity to manufacture 250,000 units annually which will be increased to over two million units, as management arranges needed resources in terms of manufacturing capacity and financing. RTS plans to cater to all the major multi- service operators ("MSO") in this emerging Indian market. Currently, RTS is the only local Indian company that has received approval to manufacture and market STB to Siti Cable subscribers, the largest MSO in India with over 12 million subscribers. Siti Cable plans to launch its DTH services during the third quarter. RTS plans to produce STB for both the Cable and DTH platforms for Siti Cable. RTS plans to achieve this increase in the production capacity by mid-2004 assuming successful placement of a debt offering. This press release contains forward-looking statements, which involve numerous risks and uncertainties. Actual results, performance or achievements could differ materially from those anticipated in such forward looking statements as a result of certain factors, including those set forth in the Company's filings with the Securities and Exchange Commission. Contact: Distinctive Devices Inc. Sanjay Mody, 201/363-9922 sanmody@yahoo.com or Earl Anderson, 561/416-9804 Source: Distinctive Devices Inc. -----END PRIVACY-ENHANCED MESSAGE-----