-----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, BaZSyJDT1x+TqYi5FmTa773vwxA8g04r5cBHu2SqonlrcvjV2FlSPIMIL5UAGxe7 AYNPl+jEZ5bjs1eJ7tuX/A== 0000950137-07-016660.txt : 20071106 0000950137-07-016660.hdr.sgml : 20071106 20071106165243 ACCESSION NUMBER: 0000950137-07-016660 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20071101 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20071106 DATE AS OF CHANGE: 20071106 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CytoCore Inc CENTRAL INDEX KEY: 0000075439 STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841] IRS NUMBER: 364296006 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-00935 FILM NUMBER: 071218572 BUSINESS ADDRESS: STREET 1: 414 NORTH ORLEANS STREET STREET 2: SUITE 502 CITY: CHICAGO STATE: IL ZIP: 60610 BUSINESS PHONE: 4078490290 MAIL ADDRESS: STREET 1: 414 NORTH ORLEANS STREET STREET 2: SUITE 502 CITY: CHICAGO STATE: IL ZIP: 60610 FORMER COMPANY: FORMER CONFORMED NAME: MOLECULAR DIAGNOSTICS INC DATE OF NAME CHANGE: 20011009 FORMER COMPANY: FORMER CONFORMED NAME: AMPERSAND MEDICAL CORP DATE OF NAME CHANGE: 19990527 FORMER COMPANY: FORMER CONFORMED NAME: BELL NATIONAL CORP DATE OF NAME CHANGE: 19920703 8-K 1 c21333e8vk.htm CURRENT REPORT e8vk
 

 
 
UNITED STATES
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 1, 2007          
CytoCore, Inc.
 
(Exact name of registrant as specified in charter)
         
Delaware   0-935   36-4296006
         
(State or other jurisdiction
of incorporation)
  (Commission
File Number)
  (IRS Employer
Identification No.)
     
414 North Orleans Street, Suite 502, Chicago, Illinois   60610
     
(Address of principal executive offices)   (Zip Code)
Registrant’s telephone number, including area code           (312) 222-9550          
N/A
 
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 


 

Item 1.01     Entry into a Material Definitive Agreement
     On November 1, 2007, CytoCore, Inc. announced that it had entered into a Distribution Agreement with M.O.S.S. S.r.l., a medical device distribution company located in Italy (“MOSS”). Pursuant to the agreement, MOSS will act as the exclusive distributor in Italy of CytoCore’s SoftPap™ cervical cell collection device designed to screen for cervical cancer.
     The agreement provides for certain annual minimum purchase requirements for the products, ranging from 1 million units in the first 12 month period to 2.5 million units in the third 12-month period. Prices are established for the products for the first 12-month period and thereafter will be determined by mutual agreement of the parties. The Company received its first purchase order under the agreement from MOSS on October 31, 2007. Procedures for the return of products and product recalls are as set forth in the agreement.
     The agreement also provides that the parties shall both work to promote the products, including advertising and marketing efforts. MOSS must use its best efforts to create and maintain a market for, and increase the sales of, the products in Italy and provide at its own expense an organization for the continuous sale, promotion and distribution thereof, including its own sales force. CytoCore will provide initial product training and marketing materials, and may from time to time provide advertising, promotional and instructional programs that MOSS must distribute at its own expense. The distributor also may engage in its own advertising so long as any such advertising is approved in advance by the Company.
     The agreement’s initial term is four years, and automatically renews for an additional three-year period unless notice of termination is received by a party at least 12 months prior to the expiration of the initial term. CytoCore also has the right to terminate the agreement upon 60 days notice in the event MOSS fails to attain the annual minimum purchase requirements or in the event the continued performance of the agreement becomes impractical due to the enactment or threatened enactment of any ordinance, statute, regulation, law or similar provision. The agreement also provides for termination by either party in the event of a breach that remains uncured or by CytoCore under certain circumstances, including in the event of war, invasion or similar occurrence in the territory, the sale or insolvency of the distributor or the participation of MOSS in any illegal activities.
     On November 6, 2007, CytoCore announced that it had entered into a second Distribution Agreement, this time with MUNDITER — Intercâmbio Mundial de Comércio, S.A., a company specializing in the distribution and maintenance of hospital equipment and medical products (“Munditer”). Pursuant to the agreement, Munditer will act as the exclusive distributor of the SoftPap™ cervical cell collection device in Portugal.
     The annual minimum purchase requirements for the products under the Munditer distribution agreement range from 300,000 units in the first 12 month period to 1 million units in the third 12-month period. Prices are established for the products for the first 12-month period and thereafter will be determined by mutual agreement of the parties. Like with MOSS, procedures for the return of products and product recalls are as set forth in the agreement.

 


 

     The Munditer agreement also provides that the parties shall both work to promote the product, including advertising and marketing efforts. Munditer must use its best efforts to create and maintain a market for, and increase the sales of, the products in its territory and provide at its own expense an organization for the continuous sale, promotion and distribution thereof, including its own sales force. CytoCore will provide initial product training and marketing materials, and may from time to time provide advertising, promotional and instructional materials that Munditer must distribute at its own expense. The distributor is free to utilize advertising to promote the sale of the products in Portugal so long as such advertising is approved in advance by the Company.
     The initial term of the Munditer agreement is two years, and automatically renews for an additional three-year period unless notice of termination is received by a party at least 12 months prior to the expiration of the initial term. The parties have the same termination rights under the Munditer agreement as those described above under the agreement with MOSS.
     Under the agreements, neither MOSS nor Munditer may sell, promote or otherwise distribute any products that are comparable to or compete directly or indirectly with the Company’s products without CytoCore’s consent, and the distributors may not establish any branch, or maintain any distribution depot, outside of their respective territories for the sale of the products. Breach of any such non-competition obligation constitutes grounds for termination of the agreements. Both distributors are also bound by confidentiality obligations.
     A copy of the press releases announcing the agreements with MOSS and Munditer are attached hereto as Exhibits 99.1 and 99.2, respectively.
Item 9.01     Financial Statements and Exhibits.
     
99.1
  Press release dated November 1, 2007
 
   
99.2
  Press release dated November 6, 2007

 


 

SIGNATURES
     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
 
  CytoCore, Inc.
 
 
 
Dated: November 6, 2007  By:   /s/ Robert F. McCullough    
    Robert F. McCullough   
    Chief Executive Officer, Chief Financial Officer and Director   
 

 

EX-99.1 2 c21333exv99w1.htm PRESS RELEASE exv99w1
 

Exhibit 99.1 Press release dated November 1, 2007
CytoCore announces its first International Distribution Agreement
CytoCore signs Agreement with M.O.S.S S.r.l. for distribution in Italy
Thursday, November 1, 2007
CHICAGO—(BUSINESS WIRE)—CytoCore, Inc. (OTCBB:CYCRNews) today announced that it has entered into a three year agreement with M.O.S.S. S.r.l. for distribution of the SoftPap Cervical Cell Collector into Italy. M.O.S.S specializes in the distribution and maintenance of medico-surgical devices. M.O.S.S.’s agreement calls for minimum sales of 1mm units the first year, 2mm units the second, 2.5mm units the third year.
CytoCore CEO Robert McCullough Jr. stated “We are very pleased with this agreement. We have received an initial order and expect to ship first SoftPap product to M.O.S.S. by the end of November.”
About M.O.S.S.
M.O.S.S. S.r.l. was founded in 2000 as part of a larger group of medical distribution companies under the direction of Franco Papa. M.O.S.S. is a part of TIMANT, a European wide Service Network for medical equipment. For more information on M.O.S.S. S.r.l., visit their web site: www.MOSS-info.it
About CytoCore Inc.
CytoCore is focused on women’s health. The company develops and manufactures cost-effective medical devices and cancer screening systems which can be used in a laboratory or at the point-of-care to assist in the early detection of cervical, endometrial, and other cancers. The InPath™ System is being developed to provide medical practitioners with highly accurate, low-cost, cervical and uterine cancer screening systems that can be seamlessly integrated into existing medical models. More information is available at: www.CytoCoreInc.com
Certain statements in this release are forward-looking. These statements are based on CytoCore’s current expectations and involve many risks and uncertainties, such as the company’s inability to obtain sufficient financing, the possibility that clinical trials will not substantiate CytoCore’s expectations with respect to the InPath™ System, and other factors set forth in reports and documents filed by CytoCore with the Securities and Exchange Commission. Actual results may differ materially from CytoCore’s current expectation depending upon a number of factors affecting the Company’s business. These factors include,

 


 

among others, risks and uncertainties detailed in the Company’s periodic public filings with the Securities and Exchange Commission, including but not limited to the Company’s Annual Report on Form 10-K for the year ended December 31, 2006. Except as expressly required by law, CytoCore undertakes no obligation to publicly update or revise any forward-looking statements contained herein.
Contact:
CytoCore, Inc.
Daniel J. McMahon, (847) 221-2876
dmcmahon@cytocoreinc.com
or
BVK
Andrea Kozek, (414) 247-3852
akozek@bvk.com

 

EX-99.2 3 c21333exv99w2.htm PRESS RELEASE exv99w2
 

Exhibit 99.2 Press release dated November 6, 2007
CHICAGO—(BUSINESS WIRE)—
CytoCore, Inc. (OTCBB:CYCR), the biopharmaceutical research and medical device company for early detection and treatment of reproductive-tract cancers, today announced that it has entered into a five year agreement with Mundinter for distribution of the SoftPap™ Cervical Cell Collector into Portugal. Mundinter specializes in the distribution and maintenance of hospital equipment and medical products. Mundinter’s agreement calls for minimum sales of 300k units the first year, 600k units the second, 1.0mm units the third, 1.1 mm the fourth, and minimum of 1.2mm units in the fifth year.
“We are very pleased with this agreement as it adds to our developing momentum as the company ramps up distribution and sales,” said CytoCore CEO Robert McCullough Jr. “We are encouraged by the response from our European distributors, and expect the European markets will play a major role for our SoftPap™ Collector as CytoCore continues to expand our distribution networks.”
About Mundinter
Mundinter has been delivering an expanding portfolio of medical products to Portugal and Portuguese speaking countries in Africa since 1953. Mundinter is one of the leading medical products distribution companies in Portugal, representing top US and European manufacturers in each of the fields they support: cardiology, gastroenterology, neurology, urology, ENT, gynecology/obstetrics. www.mundinter.pt/home.asp
About CytoCore Inc.
CytoCore is focused on women’s health. The company develops and manufactures cost-effective medical devices and cancer screening systems which can be used in a laboratory or at the point-of-care to assist in the early detection of cervical, endometrial, and other cancers. The CytoCore Solutions™System is being developed to provide medical practitioners with highly accurate, low-cost, cervical and uterine cancer screening systems that can be seamlessly integrated into existing medical models. More information is available at: www.CytoCoreInc.com.
Certain statements in this release are forward-looking. These statements are based on CytoCore’s current expectations and involve many risks and uncertainties, such as the company’s inability to obtain sufficient financing, the possibility that clinical trials will not substantiate CytoCore’s expectations with respect to the CytoCore Solutions™ System, and other factors set forth in reports and documents filed by CytoCore with the Securities and Exchange Commission. Actual results may differ materially from CytoCore’s current expectation depending upon a number of factors affecting the Company’s business. These factors include, among others, risks and uncertainties detailed

 


 

in the Company’s periodic public filings with the Securities and Exchange Commission, including but not limited to the Company’s Annual Report on Form 10-K for the year ended December 31, 2006. Except as expressly required by law, CytoCore undertakes no obligation to publicly update or revise any forward-looking statements contained herein.
Source: CytoCore, Inc.
 
CytoCore Inc.
Daniel J. McMahon (847) 221-2876
dmcmahon@cytocoreinc.com
or
BVK
Andrea Kozek (414) 247-3852
akozek@bvk.com

 

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