-----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, JUSyPreN8Bk/+Ih8TCDK3jfeHEtBB0+CyYGAGR+kG+04Kxoq0Mqwpl6GsYL15hY2 ZkNWU0XJckyMtKHKvmp5Rw== 0001144204-03-007534.txt : 20031117 0001144204-03-007534.hdr.sgml : 20031117 20031117173015 ACCESSION NUMBER: 0001144204-03-007534 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20031113 ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20031117 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INTERNATIONAL MICROCOMPUTER SOFTWARE INC /CA/ CENTRAL INDEX KEY: 0000814929 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 942862863 STATE OF INCORPORATION: CA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-15949 FILM NUMBER: 031008835 BUSINESS ADDRESS: STREET 1: 75 ROWLAND WAY CITY: NOVATO STATE: CA ZIP: 94945 BUSINESS PHONE: 4158784000 MAIL ADDRESS: STREET 1: 75 ROWLAND WAY CITY: NOAVTAO STATE: CA ZIP: 94945 8-K 1 microcomputer_8k.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 SECURITIES EXCHANGE ACT OF 1934 DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) NOVEMBER 13, 2003 Commission File Number 0-15949 INTERNATIONAL MICROCOMPUTER SOFTWARE, INC. (Exact name of registrant as specified in its charter) CALIFORNIA 94-2862863 (State or other jurisdiction (I.R.S. Employer of incorporation or organization) identification No.) 75 ROWLAND WAY, NOVATO, CA 94945 (Address of principal executive offices) (Zip code) (415) 878-4000 (Registrant's telephone number including area code) ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS. - -------------------------------------------------------------------------------- (a) Not applicable. (b) Not applicable. (c) Exhibits. Exhibit No. Description of Exhibit ----------- ---------------------- 99.1 Press release dated November 13, 2003. ITEM 9. REGULATION FD DISCLOSURE (INFORMATION FURNISHED PURSUANT TO ITEM 12, "DISCLOSURE OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION"). - -------------------------------------------------------------------------------- On November 13, 2003, International Microcomputer Software, Inc. (the "Company") announced its financial results for the three months ended September 30, 2003. The full text of the press release issued in connection with the announcement is attached as Exhibit 99.1 to this Current Report on Form 8-K. In accordance with the procedural guidance in SEC Release Nos. 33-8216 and 34-47583, the information in this Form 8-K and the Exhibit attached hereto is being furnished under "Item 9. Regulation FD Disclosure" rather than under "Item 12. Disclosure of Results of Operations and Financial Condition." The information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing. SIGNATURE 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. INTERNATIONAL MICROCOMPUTER SOFTWARE, INC. Dated: November 13, 2003 By: /s/ MARTIN WADE, III --------------------------------------- Name: Martin Wade, III Title: Chief Executive Officer EXHIBIT INDEX Exhibit No. Description - ----------- ----------- 99.1 Press release dated November13, 2003. EX-99.1 3 microcomputer_99.txt EXHIBIT NO. 99.1 NEWS RELEASE COMPANY CONTACT: INVESTOR RELATIONS: - ---------------- ------------------- Bill Bush Richard Cooper International Microcomputer Software, Inc. Strategic Growth International, Inc. 415.878.4039 212.838.1444 E-mail: bbush@imsisoft.com E-mail: rcooper@sgi-ir.com IMSI(R) ANNOUNCES FIRST QUARTER RESULTS NOVATO, CALIF., NOVEMBER 13, 2003 - IMSI(R) (OTC "BULLETIN BOARD": IMSI), a leading developer and publisher of precision design, graphics and business productivity software, today announced financial results for the three months ended September 30, 2003. IMSI reported net revenues of $1.7 million for the three months ended September 30, 2003, which resulted in a net loss of $400,000 as compared to net revenues of $2.0 million and a net loss of $136,000 for the same period in the prior fiscal year. Net revenues from continuing operations decreased by $267,000 or 13%, for the three month period ended September 30, 2003, as compared to the same period from the previous fiscal year. The decrease in revenues was due primarily to delays in new contracts at Keynomics and lower retail sales compared to the same quarter last year. "With the close of several transactions in the quarter and shortly thereafter, we continue with our strategy of significantly strengthening our online and software offerings", said Martin Wade, IMSI CEO. "We are executing on a plan to strengthen our product line by increasing investments in our key brands such as TurboCAD(R) and FloorPlan(R) and expanding our online offerings through acquisitions and licensing arrangements. We plan to complete additional accretive transactions which should result in revenue growth and improved operating results". "We continue to utilize effectively the resources generated by the sale of ArtToday," stated Gordon Landies, President of IMSI. "With the acquisition of CADSymbols.com, CADalog.com, and 30 million Cad symbols from Assisto, we have significantly strengthened our online CAD content revenue potential. In addition, the acquisition of the DesignCAD product line and the launch of new HiJaak branded products such as PhoTags and Digital Photo Studio expand our strategic software offerings and provide us with more high quality products to place in our worldwide distribution network." The following table sets forth selected financial data for the three months ended September 30, 2003 and 2002.
- -------------------------------------------------------------------------------------------- Summarized Financial Statistics Three Months ended September 30 - --------------------------------------------------------------------------------------------- 2003 2002 Change ------------ ------------- -------------------------------- $ % ------------ ------------- -------------- ----------------- Cash & Cash Equivalents $6,729 $1,309 $5,420 414.1% - ---------------------------------------------- ------------- -------------- ----------------- Net Worth $11,004 $595 10,409 1,749.4% - ---------------------------------------------- ------------- -------------- ----------------- Consolidated Net Revenues 1,732 $1,999 ($267) -13.4% - ---------------------------------------------- ------------- -------------- ----------------- Net Loss ($400) ($136) ($264) -194.1% - ---------------------------------------------- ------------- -------------- -----------------
ABOUT IMSI Founded in 1982, IMSI has established a tradition of providing the professional and home user with innovative technology and easy-to-use, high-quality software products at affordable prices. The company maintains two business divisions. THE PRECISION DESIGN DIVISION, anchored by IMSI's flagship product, TurboCAD(R) and the recently acquired DesignCAD(TM) line, also develops and markets oTher visual content and design software such as FloorPlan(R) 3D. THE BUSINESS APPLICATIONS DIVISION provides businesses and end users with software solutions through its popular products such as TurboProject(R), FormTool(R), FlowCharts&More(TM), HiJaak(R) and TurboTyping(TM). THIS division also provides ergonomic and keyboard training to Fortune 1000 companies for worker-related safety, productivity, and ergonomic compliance improvements through Keynomics, a wholly owned subsidiary of IMSI. More information about IMSI can be found at www.imsisoft.com. Safe Harbor Statement This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from those projected in the forward-looking statements as a result of various factors including the ability of the company to successfully commercialize its new technologies as well as risk factors set forth under "Factors Affecting Future Operating Results" in the company's annual report on Form 10-KSB for the year ended June 30, 2003, and such other risks detailed from time to time in the company's reports filed with the Securities and Exchange Commission. The company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. # # # -----END PRIVACY-ENHANCED MESSAGE-----