-----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, JCEQqQYLzeT3spms+0tED5OUX9+XMxV7oOLWtbIPiu84j2jFzmE8xHMqSKlODTG9 T3kAJYZlBDbKo+a4xQGhwg== 0001019687-04-002443.txt : 20041110 0001019687-04-002443.hdr.sgml : 20041110 20041110163413 ACCESSION NUMBER: 0001019687-04-002443 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20041110 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041110 DATE AS OF CHANGE: 20041110 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: 041133527 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-111004.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: November 10, 2004 Date of earliest event reported: November 10, 2004 - -------------------------------------------------------------------------------- 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, CA92078-2698 (Address of principal executive offices) AREA CODE (760) 471-1700 (Registrant's telephone number, including area code) 1 ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION On November 10, 2004, Amistar Corporation issued a press release announcing its financial results for the third quarter of 2004. A copy of the press release is furnished as Exhibit 99 to this report and is incorporated herein by reference. ITEM 9.01 EXHIBITS Exhibit 99-Press Release of Amistar Corporation dated November 10, 2004, reporting Amistar's financial results for the third quarter 2004. 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: September 10, 2004 Amistar Corporation By: /s/ Gregory D. Leiser ------------------------------ Gregory D. Leiser Vice President Finance and Chief Financial Officer 2 EX-99 2 amistar_8kex-99.txt Exhibit 99-Press Release of Amistar Corporation dated November 10, 2004, reporting Amistar's financial results for the third quarter 2004. AMISTAR REPORTS THIRD QUARTER 2004 FINANCIAL RESULTS SAN MARCOS, CALIFORNIA, November 10, 2004 /PR Newswire-First Call/ -- Amistar Corporation (Nasdaq:-AMTA) today reported sales and results for the three and nine months ended September 30, 2004. Net sales for the three months ended September 30, 2004 were $2,410,000 compared to $3,125,000 for the same quarter in 2003. Net sales for the Nine months ended September 30, 2004 were $7,726,000 compared to $8,546,000 for the same period in 2003. There was a net loss for the three months ended September 30, 2004 of $930,000 or $0.30 per share compared to a net loss of $36,000 or $0.01 per share in the third quarter of 2003. There was a net loss for the Nine months ended September 30, 2004 of $2,024,000 or $0.66 per share compared to a net loss of $261,000 or $0.08 per share in the same period in 2003. The loss in the current quarter was due primarily to start-up and machine development costs incurred by the Company's new subsidiary Distributed Delivery Networks Corporation ("ddn"), litigation defense costs related to the ddn venture, reduced gross margins resulting from a 20% decline in AMS division sales and lower sales from DataPlace(TM) machines compared to the third quarter of 2003. During the quarter ended September 30, 2004, ddn incurred $402,000 in marketing, administrative, and machine development costs. During the same quarter, the Company incurred $106,000 in litigation defense costs related to a trade secret suit that it believes is frivolous and aimed at stifling competition. The Company intends to defend itself vigorously. 1 Condensed Consolidated Statements of Operations Three Months Ended Nine Months Ended September 30, September 30, 2004 2003 2004 2003 ----------------------------- ----------------------------- Net Sales $ 2,410,000 $ 3,125,000 $ 7,726,000 $ 8,546,000 Cost of Sales 2,225,000 2,556,000 6,774,000 6,922,000 ------------ ------------ ------------ ------------ Gross Profit 185,000 569,000 952,000 1,624,000 Operating Expenses 1,111,000 602,000 2,968,000 1,873,000 ------------ ------------ ------------ ------------ Operating Loss (926,000) (33,000) (2,016,000) (249,000) Other Income (Expense) (3,000) (2,000) (6,000) (9,000) ------------ ------------ ------------ ------------ Loss Before Income Taxes (929,000) (35,000) (2,022,000) (258,000) Income Taxes 1,000 1,000 2,000 3,000 ------------ ------------ ------------ ------------ Net Loss $ (930,000) $ (36,000) $(2,024,000) $ (261,000) ============ ============ ============ ============ Loss Per Common Share- Basic and Diluted $ (0.30) $ (0.01) $ (0.66) $ (0.08) ============ ============ ============ ============ Shares Used In Per Share Calculation- Basic and Diluted 3,090,857 3,078,319 3,084,994 3,080,808 ============ ============ ============ ============
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. Actual results may differ materially from anticipated results. Amistar Corporation provides industrial automation solutions and contract-manufacturing services. 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. Through its subsidiary, ddn Corporation, the Company provides automated point-of-sale machines that control the dispensing of securely stored items such as consumer products, developed photographs, medications and finished prescriptions to retail customers. Additional information about Amistar is available at WWW.AMISTAR.COM and ddn Corporation at WWW.DDNCORP.COM Contact: Gregory Leiser Vice-President Finance and CFO 760-471-1700 GREGL@AMISTAR.COM 2 -----END PRIVACY-ENHANCED MESSAGE-----