-----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, B/4TpuWrFXh+AaoNnlvQHO2ZW/Zr5BCY4Wwv34FH1kQ9WIEPaAQYk63sV6TUwp7O JD2nk8nN9qom194evo7Ekg== 0001019687-05-002168.txt : 20050811 0001019687-05-002168.hdr.sgml : 20050811 20050810182949 ACCESSION NUMBER: 0001019687-05-002168 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050809 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050811 DATE AS OF CHANGE: 20050810 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: 051014619 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-080905.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: August 10, 2005 Date of earliest event reported: August 9, 2005 - -------------------------------------------------------------------------------- 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, CA 92078-2698 (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 August 9, 2005, Amistar Corporation issued a press release announcing its financial results for the second quarter of 2005. A copy of the press release is furnished as Exhibit 99 to this report and is incorporated herein by reference. ITEM 9.01 (c). EXHIBITS Exhibit 99 Press Release of Amistar Corporation dated August 9, 2005, reporting Amistar's financial results for the second quarter 2005. 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: August 10, 2005 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 PRESS RELEASE Exhibit 99 Press Release of Amistar Corporation dated August 9, 2005, reporting Amistar's financial results for the second quarter 2005. AMISTAR REPORTS SECOND QUARTER 2005 FINANCIAL RESULTS SAN MARCOS, CALIFORNIA, August 9, 2005 /PR Newswire-First Call/ -- Amistar Corporation (Nasdaq:-AMTA) today reported sales and results for the three and six months ended June 30, 2005. Net sales for the three months ended June 30, 2005 increased $445,000 or 20% to $2,705,000, compared to $2,260,000 for the same quarter in 2004. Net sales for the six months ended June 30, 2005 increased $1,939,000 or 36% to $7,255,000, compared to $5,316,000 for the same period in 2004. There was a net loss for the three months ended June 30, 2005 of $1,256,000 or $0.40 per share compared to a net loss of $743,000 or $0.24 per share for the same quarter in 2004. There was a net loss for the six months ended June 30, 2005 of $1,910,000 or $0.61 per share compared to a net loss of $1,094,000 or $0.36 per share for the same period in 2004. The operating loss for the three months ended June 30, of 2005 and 2004, respectively, includes: o $522,000 and $374,000, for start-up and machine development costs related to the new ddn venture to provide automated equipment and systems to the retail pharmacy market. o $299,000 and $0, related to litigation defense costs for the lawsuit with Asteres, Inc. The litigation with Asteres is currently in the discovery phase. A decision on our motion for dismissal in summary judgment is scheduled for August 2005 and a trial is scheduled for September 2005. The Company believes it has strong defenses and will continue to defend itself vigorously. "The second quarter sales showed improvement over the comparable quarter of 2004; however, the second quarter sales were off 41% from sales in the first quarter of 2005, due primarily to the absence of a follow-on contract from a defense industry customer and due to soft demand for the Company's automatic labeler machine products. Demand for custom factory automation continues to be steady. The Company, working jointly with our majority-owned subsidiary ddn, has reached further milestones in our effort to enter the emerging market for retail automation. During the current quarter we 1) proved our machine operation during a beta test in a high-volume community pharmacy, 2) completed pharmacy management and point of sale integration software for our planned installation in a mass merchant retail pharmacy site scheduled for the third quarter of 2005, 3) made preparations for our exhibition in the August 2005 National Association of Chain Drug Stores trade show, 4) launched the RIA machine for automation of the behind-the-counter process in retail pharmacies and 5) obtained certification as the first vendor for PDX, Inc. pharmacy management software for applications automating the delivery of finished prescriptions in retail pharmacies" stated Stuart Baker, Amistar's President. 3 Condensed Consolidated Statements of Operations Three Months Ended Six Months Ended June 30, June 30, 2005 2004 2005 2004 ---------------------------- ---------------------------- Net Sales $ 2,705,000 $ 2,260,000 $ 7,255,000 $ 5,316,000 Cost of Sales 2,533,000 2,022,000 6,580,000 4,549,000 ----------- ----------- ----------- ----------- Gross Profit 172,000 238,000 675,000 767,000 Operating Expenses 1,544,000 978,000 2,817,000 1,857,000 ----------- ----------- ----------- ----------- Operating Loss (1,372,000) (740,000) (2,142,000) (1,090,000) Other Income (expense) 118,000 (3,000) 235,000 (3,000) ----------- ----------- ----------- ----------- Loss Before Income Taxes (1,254,000) (743,000) (1,907,000) (1,093,000) Income Taxes 2,000 -- 3,000 1,000 ----------- ----------- ----------- ----------- Net Loss $(1,256,000) $ (743,000) $(1,910,000) $(1,094,000) =========== =========== =========== =========== Loss Per Common Share- Basic and Diluted $ (0.40) $ (0.24) $ (0.61) $ (0.36) =========== =========== =========== =========== Shares Used In Per Share Calculation- Basic and Diluted 3,142,794 3,081,732 3,142,758 3,081,223 =========== =========== =========== ===========
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 Section 6 of the Company's Annual Report on Form 10-KSB. Actual results may differ materially from anticipated results. Amistar Corporation provides automation solutions primarily for the industrial and retail markets and provides 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 and 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 4 -----END PRIVACY-ENHANCED MESSAGE-----