-----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, G9f/NmDsgnAF69Zj+7QVWNLwdw5V/zaaFS/bWmHWEcti08pJSss9a6cx6t5JTmHq MBikAyOP0NVOhPKBYOZ/0A== 0001019687-03-001550.txt : 20030731 0001019687-03-001550.hdr.sgml : 20030731 20030731130755 ACCESSION NUMBER: 0001019687-03-001550 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030731 ITEM INFORMATION: ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030731 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMISTAR CORP CENTRAL INDEX KEY: 0000741559 STANDARD INDUSTRIAL CLASSIFICATION: SPECIAL INDUSTRY MACHINERY, NEC [3559] IRS NUMBER: 952747332 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-13403 FILM NUMBER: 03813905 BUSINESS ADDRESS: STREET 1: 237 VIA VERA CRUZ CITY: SAN MARCOS STATE: CA ZIP: 92069 BUSINESS PHONE: 6194713967 MAIL ADDRESS: STREET 1: 237 VIA VERA CRUZ CITY: SAN MARCOS STATE: CA ZIP: 92069 8-K 1 amistar_8k-073103.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________ FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURTIES AND EXCHANGE ACT OF 1934 Date of Report: July 31, 2003 Date of earliest event reported: July 31, 2003 - -------------------------------------------------------------------------------- AMISTAR CORPORATION - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its Charter) CALIFORNIA 0-13403 95-2747332 (State or other jurisdiction of (Commission (I.R.S. Employer incorporation or organization) file number) Identification No.) 237 VIA VERA CRUZ SAN MARCOS, CA92069-2698 (Address of principal executive offices) AREA CODE (760) 471-1700 (Registrant's telephone number, including area code) ITEM 7 (c). EXHIBITS Exhibit 99-Press Release of Amistar Corporation dated July 31, 2003, reporting Amistar's financial results for the second quarter 2003. ITEM 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION On July 31, 2003, Amistar Corporation issued a press release announcing its financial results for the second quarter of 2003. A copy of the press release is furnished as Exhibit 99 to this report and is incorporated herein by reference. 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. Date: July 31, 2003 Amistar Corporation By: /s/ Gregory D. Leiser --------------------- Gregory D. Leiser Vice President Finance and Chief Financial Officer EX-99 3 amistar_8k-ex99.txt Exhibit 99-Press Release of Amistar Corporation dated July 31, 2003, reporting Amistar's financial results for the second quarter 2003. AMISTAR REPORTS SECOND QUARTER 2003 FINANCIAL RESULTS SAN MARCOS, CALIFORNIA, July 31, 2003 /PR Newswire-First Call/ -- Amistar Corporation (Nasdaq:-AMTA) today reported sales and results for the quarter and six months ended June 30, 2003. Net sales for the quarter ended June 30, 2003 were $2,652,000 compared to $2,827,000 for the second quarter in 2002. Net sales for the six months ended June 30, 2003 were $5,421,000 compared to $5,468,000 for the similar period in 2002. There was a net loss for the quarter ended June 30, 2003 of $79,000 or $0.03 per share compared to a net loss of $454,000 or $0.15 per share in the second quarter of 2002. There was a net loss for the six months ended June 30, 2003 of $225,000 or $0.07 per share compared to a net loss of $556,000 or $0.18 per share in the comparable period of 2002. During the quarter ended June 30, 2003, the Company continued its trend of successive quarterly operating earnings improvement since the second quarter of 2001. After adding back depreciation expense of $88,000 to the net loss of $79,000, the Company generated a positive operating cash flow of $9,000 in the second quarter of 2003. The Company narrowed its net loss during the quarter and six months ended June 30, 2003 compared to the same period in 2002, primarily due to an increase in DataPlace label placement machine and custom factory automation equipment sales, the effects of cost cutting in prior quarters, and due to increased manufacturing efficiencies in the Amistar Manufacturing Services division. Condensed Statements of Operations
Three Months Ended Six Months Ended June 30, June 30, 2003 2002 2003 2002 --------------------------- --------------------------- Net Sales $ 2,652,000 $ 2,827,000 $ 5,421,000 $ 5,468,000 Cost of Sales 2,135,000 2,658,000 4,366,000 5,139,000 ------------ ------------ ------------ ------------ Gross Profit 517,000 169,000 1,055,000 329,000 Operating Expenses 591,000 625,000 1,271,000 1,293,000 ------------ ------------ ------------ ------------ Operating Loss (74,000) (456,000) (216,000) (964,000) Other Income (Expense) (4,000) 4,000 (7,000) 12,000 ------------ ------------ ------------ ------------ Loss Before Income Taxes (78,000) (452,000) (223,000) (952,000) Income Tax Expense (Benefit) 1,000 2,000 2,000 (396,000) ------------ ------------ ------------ ------------ Net Loss $ (79,000) $ (454,000) $ (225,000) $ (556,000) ============ ============ ============ ============ Earnings (Loss) Per Share- Basic and Diluted $ (0.03) $ (0.15) $ (0.07) $ (0.18) ============ ============ ============ ============ Shares Used In Per Share Calculation- Basic and Diluted 3,081,074 3,086,271 3,081,886 3,086,314 ============ ============ ============ ============
Statements contained in this release, which are not purely historical, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are subject to risks and uncertainties such as those described in the Company's Annual Report on Form 10-K for the year ended December 31, 2002. Actual results may differ materially from anticipated results. Amistar Corporation provides industrial automation solutions primarily for electronic product manufacturers. The Company designs, develops, manufactures, markets and services a variety of automated equipment used to assemble electronic components and product identification media to printed circuit boards and other assemblies. In addition, the Company provides design and manufacturing resources to create customized factory automation equipment and other products according to customers' specification in a broad range of industries. The Company also provides contract-manufacturing services to companies who outsource the manufacturing of their electronic products. Additional information about Amistar is available at www.amistar.com. Contact: Gregory Leiser Vice President and CFO 760 471-1700 GREGL@amistar.com -----END PRIVACY-ENHANCED MESSAGE-----