-----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, T4fdnByzaO007VwOSYp8Mao0zxOmg/bX18R3dghNQlYsAMoZnxhsxz8uEtBh54vs c4cPdkyKQV4+efGSZhhATA== 0001157523-03-006986.txt : 20031126 0001157523-03-006986.hdr.sgml : 20031126 20031125202417 ACCESSION NUMBER: 0001157523-03-006986 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20031125 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20031126 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CREATIVE COMPUTER APPLICATIONS INC CENTRAL INDEX KEY: 0000712815 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] IRS NUMBER: 953353465 STATE OF INCORPORATION: CA FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13268 FILM NUMBER: 031024377 BUSINESS ADDRESS: STREET 1: 26115 A MUREAU RD CITY: CALABASAS STATE: CA ZIP: 91302 BUSINESS PHONE: 8188806700 MAIL ADDRESS: STREET 1: 26115 A MUREAU ROAD CITY: CALABASAS STATE: CA ZIP: 91302 8-K 1 a4523960.txt CREATIVE COMPUTER APPLICATIONS, INC. 8-K 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): November 25, 2003 CREATIVE COMPUTER APPLICATIONS, INC. - -------------------------------------------------------------------------------- (Exact name of Registrant as specified in its charter) California --------------------------------- (State or other jurisdiction of incorporation or organization) 0-12551 95-3353465 - ------------------------------------ -------------------------- (Commission File No.) (IRS Employer Identifi- cation Number) 26115-A Mureau Road, Calabasas, California 91302 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number including area code (818) 880-6700 - -------------------------------------------------------------------------------- ITEM 7. Exhibits (c) Exhibits The following exhibit is filed as part of this Current Report on Form 8-K: Exhibit No. Title - ----------- ----------------------------------------------------------------- 99.1 Creative Computer Applications, Inc. Press Release, issued November 25, 2003 Item 9. Regulation FD Disclosure The information furnished under this Item 9 ("Regulation FD Disclosure") is intended to be furnished under Item 12 ("Results of Operations and Financial Condition"). The information in this Current Report on Form 8-K and the Exhibit attached hereto, shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific release in such a filing. On November 25, 2003, Creative Computer Applications, Inc. issued a press release announcing its operating and financial results for the fourth fiscal quarter and fiscal year ended August 31, 2003. A copy of the Press Release is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. Except for historical information contained in the press release attached as an exhibit hereto, the press release contains forward-looking statements, which involve certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied by these statements. Please refer to the cautionary note in the press release regarding these forward-looking statements. SIGNATURE - --------- Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused to be signed on its behalf by the undersigned hereunto duly authorized. CREATIVE COMPUTER APPLICATIONS, INC. ------------------------------------ (Registrant) By: /S/ Steven M. Besbeck ------------------------------------------ Steven M. Besbeck, President, Chief Executive Officer, Chief Financial Officer EXHIBIT INDEX Exhibit No. Title - ----------- ----------------------------------------------------------------- 99.1 Creative Computer Applications, Inc. Press Release, issued November 25, 2003 EX-99 3 a4523960ex991.txt CREATIVE COMPUTER APPLICATIONS PRESS RELEASE Exhibit 99.1 Creative Computer Applications, Inc. Reports Sales and Earnings for the Fourth Fiscal Quarter and Fiscal Year Ended August 31, 2003 CALABASAS, Calif.--(BUSINESS WIRE)--Nov. 25, 2003--Creative Computer Applications, Inc. or CCA (AMEX: CAP), a provider of Clinical Information Systems (CIS) for hospital and clinic-based laboratories, pharmacies and imaging departments, announced today its sales and earnings for the fourth fiscal quarter and fiscal year ended August 31, 2003. Sales for the fourth fiscal quarter of fiscal 2003 were $1,655,084 compared to sales of $2,187,057 in the same quarter of fiscal 2002. The Company incurred a net loss of $37,492 or $.01 per basic and diluted share, compared to net income of $224,639 or $.07 per basic and diluted share for the same period one year ago. Fourth quarter sales were reduced in part by the cancellation of a CIS contract of approximately $150,000 as a result of a change in ownership of a client's facility. Sales for the fiscal year ended August 31, 2003 were $7,381,121 compared to sales of $7,831,017 for the fiscal year ended August 31, 2002. The Company earned net income of $94,101 or $.03 per basic and diluted share compared to $431,659 or $.13 per basic and diluted share for the same period one year ago. Steven M. Besbeck, President and CEO, stated, "The results of operation for our fourth fiscal quarter and fiscal year ended August 31, 2003 were indicative of a challenging period for the Company. CCA's results of operations for the current fiscal year ended August 31, 2003 were marked by a decrease in sales of approximately 5.7% over the 2002 fiscal year and a decrease in earnings. However, the Company maintained positive operating cash flow while increasing spending for product development, and released its new Laboratory Information System, CyberLAB(R) version 7.0. The Company's decrease in revenues for the 2003 fiscal year was primarily due to a transition to the new version of CyberLAB(R) that impacted sales of the previous product version. Other factors contributing to the decline in sales were associated with the sluggish economy and the healthcare industry's preoccupation with the Health Insurance Portability and Accountability Act (HIPAA) compliance issues." Mr. Besbeck further stated, "The Company experienced a delay in the release of its new CyberLAB(R) version 7.0 Laboratory Information System due to timing issues and the need to complete HIPAA related upgrades to its existing products and deliver them to our clients. During the fourth fiscal quarter CCA had substantially completed CyberLAB(R) version 7.0 and began to install the new software in its initial beta site for testing and evaluation. As of this date, CyberLAB(R) version 7.0 is live in two beta sites and we plan to generally release the new product to our client base. In addition, new sales and marketing activities were initiated resulting in CCA's pipeline of potential new CyberLAB(R) version 7.0 related transactions increasing back to historical levels. CyberLAB(R) version 7.0 has generated significant interest among new buyers as well as CCA's installed client base." CCA is a healthcare information technology and service provider that provides software and browser-based solutions, specializing in Clinical Information Systems (CIS) for hospital and clinic-based laboratories, pharmacies and imaging departments. Its primary products, CyberLAB(R), CyberMED(R) and CyberRAD(R), are highly functional, scalable, and can be deployed in a variety of healthcare settings. CCA's systems are deployed in more than 500 sites. For more information about CCA, its products and services, visit http://www.ccainc.com/. Creative Computer Applications, Inc. Operating Results (Audited) Quarter Ending August 31, 2003 2002 Net Sales and Service Revenues $1,655,084 $2,187,057 Net Income (Loss) $(37,492) $224,639 Basic and Diluted Earnings (Loss) Per Share $(.01) $.07 Average Shares Outstanding: (Basic) 3,318,900 3,266,400 (Diluted) 3,318,900 3,417,692 Fiscal year Ending August 31, 2003 2002 Net Sales and Service Revenues $7,381,121 $7,831,017 Net Income $94,101 $431,659 Basic and Diluted Earnings Per Share $.03 $.13 Average Shares Outstanding: (Basic) 3,294,108 3,243,317 (Diluted) 3,526,681 3,310,286 This news release contains forward-looking statements made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statement. Such statements are based upon, among other things, assumptions made by, and information currently available to management, including management's own knowledge and assessment of the Company's industry and competition. The Company refers interested persons to its most recent Annual Report on Form 10-KSB and its other SEC filings for a description of additional uncertainties and factors, which may affect forward-looking statements. The Company assumes no duty to update its forward-looking statements. CONTACT: Creative Computer Applications, Inc. Steven M. Besbeck, 818-880-6700, ext. 252 -----END PRIVACY-ENHANCED MESSAGE-----