-----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, NFiUoMttIEA3bAhNqohQSDzAnEQXdWCScy0fKpIQqSb2eP7TW3VusefjXjy9gVqb 37DX2RTvhwdOuZONbHleYw== 0000910680-01-000302.txt : 20010417 0000910680-01-000302.hdr.sgml : 20010417 ACCESSION NUMBER: 0000910680-01-000302 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010416 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010416 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ION NETWORKS INC CENTRAL INDEX KEY: 0000754813 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER PERIPHERAL EQUIPMENT, NEC [3577] IRS NUMBER: 222413505 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-13117 FILM NUMBER: 1603577 BUSINESS ADDRESS: STREET 1: 1551 S WASHINGTON AVE CITY: PISCATAWAY STATE: NJ ZIP: 08854 BUSINESS PHONE: 2014944440 MAIL ADDRESS: STREET 1: 1551 S WASHINGTON AVE CITY: PISCATAWAY STATE: NJ ZIP: 08854 FORMER COMPANY: FORMER CONFORMED NAME: MICROFRAME INC DATE OF NAME CHANGE: 19920703 8-K 1 0001.txt CURRENT REPORT ON FORM 8-K 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): April 16, 2001 ION NETWORKS, INC. ------------------ (Exact Name of Registrant as Specified in Charter) Delaware -------- (State of Incorporation) 000-13117 22-2413505 --------- ---------- (Commission File No.) (IRS Employer Identification No.) 1551 South Washington Avenue, Piscataway New Jersey 08854 ----------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) 732-529-0100 ------------ (Registrant's telephone number, including area code) Not Applicable -------------- (Former Name or Former Address, if Changed Since Last Report) Item 5. Other Events - ------- ------------ On April 16, 2001, the Company issued a press release relating to its 4th quarter preliminary results. Copy of the press release is attached to this Form 8-K as Exhibit 99.1. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. - ------- ------------------------------------------------------------------- (c) Exhibits: 99.1: Ion Networks, Inc. Press Release dated April 16, 2001. 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. ION NETWORKS, INC. Dated: April 16, 2001 By: /s/ Ronald Sacks -------------------------- Chief Executive Officer -2- EXHIBIT INDEX ------------- Exhibit Number Description - ------ ----------- 99.1: Ion Networks, Inc. Press Release dated April 16, 2001. EX-99.1 2 0002.txt PRESS RELEASE DATED APRIL 16, 2001 EXHIBIT 99.1 ION NETWORKS [OBJECT OMITTED] FOR IMMEDIATE RELEASE STEPHANIE PRINCE/CATHY HAY - -------------------------------------------------------------------------------- Morgen-Walke Associates, Inc. 212-850-5600 ION NETWORKS REPORTS PRELIMINARY RESULTS *COMPANY UPDATES PROGRESS TO DATE* PISCATAWAY, NEW JERSEY APRIL 16, 2001 - ION Networks Incorporated (Nasdaq: IONN), THE PROACTIVE NETWORK INFRASTRUCTURE MANAGEMENT COMPANYSM and a leader in performance analysis and restoration, today announced preliminary results for its fourth fiscal quarter. All of the reported results are unaudited and are subject to final adjustment when the year-end audit is completed in June 2001. Sales for the fiscal fourth quarter were approximately $3.45 million, level with sales in the fiscal third quarter, despite the current uncertainty in the telecommunications marketplace and the economy overall. Preliminary figures are indicating that the Company is seeing the expected positive impact from a full quarter of the restructuring undertaken near the end of the third quarter. Additionally, the Company has reduced its inventory position to approximately $2.1 million during the fourth quarter from $2.7 million at December 31, 2001. As of March 31, 2001 the Company had approximately $5.2 million in cash and minimal debt on its balance sheet. "Preliminary figures indicate that our restructuring plan is meeting our expectations," said Ron Sacks, Chief Executive Officer of ION Networks. "Additionally, we view our sequentially flat sales as a positive achievement in light of the revenue shortfall many of our peers are experiencing. Given EXHIBIT 99.1 our progress, we have chosen to make additional investments in our marketing efforts and sales team at this time in order to further penetrate our target markets. We expect this move to position us for improved sales and market share as the general economic outlook improves and the telecommunication markets recover." "We have taken this unusual step of a preliminary announcement because we wanted to share available information as soon as possible. Because we are reporting our fiscal year end, our final audited results are not expected to be released until mid-June. The release of these results will also be followed by a conference call," concluded Mr. Sacks. - - more - NOTICE OF CONFERENCE CALL Management will host a conference call today at 5:00 p.m. EST. To participate in the conference call, local and international callers can dial 212-676-5188. A replay is available approximately one hour after the call until 11:59 p.m. on April 20, 2001. The replay number is 858-812-6440, passcode: 18556204. The conference call will also be Webcasted and archived on ION Networks' web site: www.ion-networks.com. - -------------------- ABOUT ION NETWORKS ION Networks is a leading developer and manufacturer of software- and hardware-based solutions for secure network infrastructure management and automated performance analysis and restoration. Based in Piscataway, NJ, the Company has installed systems worldwide from its six direct sales offices in the U.S., its wholly owned subsidiaries in Livingston, Scotland and Antwerp, Belgium, and its distribution networks on four continents. IT'S ABOUT AVAILABILITY(SM) This press release contains information which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be affected by certain risks and uncertainties described in the Company's filings with the Securities and Exchange Commission. The Company's actual results could differ materially from such forward-looking statements. ### -----END PRIVACY-ENHANCED MESSAGE-----