-----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, IEAy5fZEbxRER/CTmgf1Mm189mA+zyVMSTW8r7I69UHhuvAgGbR7Fhd3ymaa3bx6 YrZ7btzubgQI1bxkk/d/Cg== 0001019687-06-002009.txt : 20060821 0001019687-06-002009.hdr.sgml : 20060821 20060821165608 ACCESSION NUMBER: 0001019687-06-002009 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060818 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060821 DATE AS OF CHANGE: 20060821 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: 061046708 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-082106.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 21, 2006 Date of earliest event reported: August 18, 2006 - -------------------------------------------------------------------------------- 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) Item 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION On August 18, 2006, Amistar Corporation issued a press release announcing its financial results for the second quarter of 2006. A copy of the press release is furnished as Exhibit 99 to this report and is incorporated herein by reference. Item 9.01 Exhibit 99-Press Release of Amistar Corporation dated August 18, 2006, reporting Amistar's financial results for the second quarter 2006. AMISTAR REPORTS SECOND QUARTER 2006 FINANCIAL RESULTS SAN MARCOS, CALIFORNIA, August 18, 2006 /PRIMEZONE/ -- Amistar Corporation (OTC Bulletin Board-AMTA.OB) today reported sales and results for the three and six months ended June 30, 2006. The Condensed Consolidated Statements of Operations included in this release reflect the AMS operating results presented as a discontinued operation. Net sales for the three months ended June 30, 2006 increased $99,000 or 9% to $1,186,000, compared to $1,087,000 for the same quarter in 2005. Net sales for the six months ended June 30, 2006 decreased $312,000, or 14%, from $2,219,000 in the six months ended June 30, 2005, to $1,907,000. There was a net loss from continuing operations for the three months ended June 30, 2006 of $740,000 or $0.23 per share compared to a net loss from continuing operations of $1,134,000 or $0.36 per share for the same quarter in 2005. The loss from discontinued operations was $76,000 for the three months ended June 30, 2006 compared to a $122,000 loss during the same period in 2005. There was a net loss from continuing operations for the six months ended June 30, 2006 of $1,745,000 or $0.54 per share compared to a net loss from continuing operations of $1,742,000 or $0.56 per share for the same period in 2005. The income from discontinued operations was $11,000 for the six months ended June 30, 2006 compared to a $168,000 loss during the same period in 2005. The operating loss from continuing operations for the three months ended June 30, of 2006 and 2005, respectively, includes: o $221,000 and $522,000, for start-up and machine development costs related to the Distributed Delivery Networks venture to provide automated equipment and systems to the retail and other pharmacy markets. o $0 and $299,000, related to litigation defense and counter-suit costs for the lawsuit (now settled) with a competitor. Condensed Consolidated Statements of Operations (In thousands, expect per share data) Three Months Ended Six Months Ended June 30, June 30, 2006 2005 2006 2005 ------- ------- ------- ------- Net Sales $ 1,186 $ 1,087 $ 1,907 $ 2,219 Cost of Sales 985 870 1,613 1,612 ------- ------- ------- ------- Gross Profit 201 217 294 607 Operating Expenses 1,051 1,466 2,275 2,580 ------- ------- ------- ------- Operating Loss (850) (1,249) (1,981) (1,973) Other Income 111 117 238 234 ------- ------- ------- ------- Loss Before Income Taxes (739) (1,132) (1,743) (1,739) Income Taxes 1 2 2 3 ------- ------- ------- ------- Net Loss from Continuing operations (740) (1,134) (1,745) (1,742) Income (Loss) from Discontinued Operation (76) (122) 11 (168) ------- ------- ------- ------- Net Loss $ (816) $(1,256) $(1,734) $(1,910) ======= ======= ======= ======= Loss Per Common Share on Continuing Operations-Basic and Diluted $ (0.23) $ (0.36) $ (0.54) $ (0.56) ======= ======= ======= ======= Income (Loss) Per Common Share on Discontinued Operations-Basic and Diluted $ (0.02) $ (0.04) $ 0.00 $ (0.05) ======= ======= ======= ======= Shares Used In Per Share Calculation- Basic and Diluted 3,270 3,143 3,227 3,143 ======= ======= ======= =======
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 Part 1 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. 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. Through its majority-owned subsidiary, Distributed Delivery Networks 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 and other customers. Additional information about Amistar is available at www.amistar.com and Distributed Delivery Networks Corporation at www.rx-apm.com Contact: Gregory Leiser Vice-President Finance and CFO 760-471-3967 gregL@amistar.com -----END PRIVACY-ENHANCED MESSAGE-----