-----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, B3G5hwQuZzPN9y8yvPPVZQjNtGzkt6QcOhgeESDf7d4LFuFXw76MELF3gtwNqYhv 0j2b5RMMAt5AqH5VmRWXWw== /in/edgar/work/20000810/0001050502-00-001004/0001050502-00-001004.txt : 20000921 0001050502-00-001004.hdr.sgml : 20000921 ACCESSION NUMBER: 0001050502-00-001004 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20000731 FILED AS OF DATE: 20000810 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BONSO ELECTRONICS INTERNATIONAL INC CENTRAL INDEX KEY: 0000846546 STANDARD INDUSTRIAL CLASSIFICATION: [3590 ] IRS NUMBER: 000000000 FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 6-K SEC ACT: SEC FILE NUMBER: 000-17601 FILM NUMBER: 690497 BUSINESS ADDRESS: STREET 1: FLAT AD 8TH FLR 23-25 SHAN MEI ST STREET 2: UNIVERSAL INDUSTL. CENTRE FO TAN SHA TIN CITY: NEW TERRITORIES HONG STATE: K3 BUSINESS PHONE: 011852260558224 MAIL ADDRESS: STREET 1: FLAT AD 8TH FLR 23-25 SHAN MEI ST STREET 2: UNIVERSAL INDUSTL CENTRE FO TAN SHA TIN CITY: NT HONG KONG STATE: K3 6-K 1 0001.txt 6-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of July, 2000 Bonso Electronics International Inc. ------------------------------------ (Translation of Registrant's name into English) Flat A-D, 8th Floor, Universal Industrial Centre, 23-25 Shan Mei Street, Fo Tan, Shatin, N.T., Hong Kong ------------------------------- (Address of principal executive offices) [Indicate by check mark whether the Registrant files or will file annual reports under cover of Form 20-F or Form 40-F.] Form 20-F X Form 40-F _____ [Indicate by check mark whether the Registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.] Yes _____ No X BONSO ELECTRONICS INTERNATIONAL INC. NEWS RELEASE - -------------------------------------------------------------------------------- Flat A-D, 8/Floor, Universal Industrial Centre North America Company Contact: 23-25, Shan Mei Street George O'Leary Fo Tan, Shatin, N.T. 1919 Yacht Colinia Hong Kong Newport Beach, CA 92660 USA Email address : info@bonso.com Telephone: (949) 760-9611 Facsimile: (949) 760-9607 BONSO ELECTRONICS REPORTS YEAR END GAINS IN REVENUES AND NET INCOME HONG KONG, July 6, 2000 - Bonso Electronics International Inc. (NASDAQ:BNSO) today reported net income of $348,000, or $0.0989 cents per basic share, on revenues of $15,380,000 for the fiscal year ended March 31, 2000. Revenues increased 17.8 percent over the $13,046,000 reported in the 1999 fiscal year in which net income was $14,000, or less than $0.0045 per basic share. Operating income was up 10.7 percent to $270,000 for the year ended March 31, 2000, compared to $244,000 in the prior year. "Bonso achieved a major diversification goal during the fourth quarter with the award of contracts to manufacture two way radio products for the U.S. market, using the Family Radio Service frequencies allocated by the FCC, and cordless telephones to be marketed by a European telecommunications firm," said Anthony So, Bonso chairman, president and CEO. "These contracts will have a significant impact on revenues and earnings throughout the coming year." During the year, the company expanded its organization, facilities and manufacturing capacity to complete the transition to a full electronic manufacturing services provider, which includes design engineering, total quality and supply chain management and production of complete end products, he added. Headquartered in Hong Kong, Bonso Electronics designs, develops, manufactures, assembles and markets a comprehensive line of telecommunication products, electronic scales and weighing instruments and health care products. Bonso products are manufactured in the People's Republic of China on behalf of customers primarily located in North America and Europe. Company services include product design and prototyping, production tooling, procurement of components, total quality management, and just-in-time delivery. Bonso also independently designs and develops electronic products for private label markets. For further information, visit the company's web site at www.bonso.com. The statements contained in the press release which are not historical facts are forward-looking statements that involve certain risks and uncertainties including, but not limited to, risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the company's filings with the Securities and Exchange Commission. FINANCIAL SUMMARY For the Year Ended March 31 2000 1999 ---- ---- Revenues $ 15,380,000 $ 13,046,000 Gross Profit 4,262,000 4,234,000 Income From Operations 270,000 244,000 Income (Loss) Before Taxes 345,000 (22,000) Tax Benefit 3,000 36,000 Net Income $ 348,000 $ 14,000 Earnings Per Share: Basic $ 0.0989 $ 0.0045 Diluted $ 0.0874 $ 0.0037 Weighted Average Shares Outstanding 3,515,690 3,079,219 BONSO ELECTRONICS INTERNATIONAL INC. NEWS RELEASE - -------------------------------------------------------------------------------- Flat A-D, 8/Floor, Universal Industrial Centre North America Company Contact: 23-25, Shan Mei Street George O'Leary Fo Tan, Shatin, N.T. 1919 Yacht Colinia Hong Kong Newport Beach, CA 92660 USA Email address : info@bonso.com Telephone: (949) 760-9611 Facsimile: (949) 760-9607 BONSO ELECTRONICS INTERNATIONAL INC. ANNOUNCES STOCK REPURCHASE PROGRAM FOR COMMON STOCK HONG KONG .... July 10, 2000. Bonso Electronics International Inc. (NASDAQ Symbol: BNSO--Common and BNSOZ--Warrants) announced today that the Company's Board of Directors has authorized the purchase of up to $1,000,000 of its outstanding shares of Common Stock from time-to-time in open market and in privately negotiated transactions. Anthony So, the President and Chief Executive Officer of the Company, noted that the Board of Directors has taken this action because of the recent decline in the price of the Company's common stock to $8.00 per share on July 7, 2000. Mr. So noted that the Board of Directors believes that the common stock is undervalued and that the repurchase of shares at current levels should be beneficial to the Company's shareholders. About Bonso Electronics Headquartered in Hong Kong, Bonso Electronics designs, develops, manufactures, assembles and markets a comprehensive line of telecommunication products, electronic scales and weighing instruments and health care products. Bonso products are manufactured in the People's Republic of China on behalf of customers primarily located in North America and Europe. Company services include product design and prototyping, production tooling, procurement of components, total quality management, and just-in-time delivery. Bonso also independently designs and develops electronic products for private label markets. For further information, visit the company's web site at www.bonso.com. The statements contained in the press release which are not historical facts are forward-looking statements that involve certain risks and uncertainties including, but not limited to, risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the company's filings with the Securities and Exchange Commission. ##30## BONSO ELECTRONICS INTERNATIONAL INC. NEWS RELEASE - -------------------------------------------------------------------------------- Flat A-D, 8/Floor, Universal Industrial Centre North America Company Contact: 23-25, Shan Mei Street George O'Leary Fo Tan, Shatin, N.T. 1919 Yacht Colinia Hong Kong Newport Beach, CA 92660 USA Email address : info@bonso.com Telephone: (949) 760-9611 Facsimile: (949) 760-9607 BONSO ELECTRONICS INTERNATIONAL INC. ANNOUNCES THAT ITS WARRANTS HAVE COMMENCED TRADING ON NASDAQ HONG KONG .... July 12, 2000. Bonso Electronics International Inc. (NASDAQ Symbol: BNSO) announced that its Warrants commenced trading on Thursday July 6, 2000, on Nasdaq-SmallCap under the symbol BNSOZ. In commenting upon the announcement, Anthony So, President and Chief Executive Officer of Bonso stated, "We believe that the listing of our Warrants on the Nasdaq SmallCap Market will be of substantial value to our warrantholders, and provide greater access to investment capital to Bonso." Bonso Electronics is a leading contract manufacturer of electronics products, and designs, develops, manufactures and sells a comprehensive line of electronic scales and weighing instruments and electronic consumer and health care products. The Company manufactures all of its products in the People's Republic of China. The Company's electronic scales include bathroom, kitchen, office, jewelry, laboratory, pocket, postal, industrial and parcel scales that are used in consumer, commercial and industrial applications. The Company's electronic consumer and health care products include electronic thermometers and blood pressure meters. The Company's telecommunications products include cordless telephones and two-way radios products. Headquartered in Hong Kong, Bonso Electronics markets its products to customers primarily in North America and Europe. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including, but not limited to, risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission. --30-- BONSO ELECTRONICS INTERNATIONAL INC. NEWS RELEASE - -------------------------------------------------------------------------------- Flat A-D, 8/Floor, Universal Industrial Centre North America Company Contact: 23-25, Shan Mei Street George O'Leary Fo Tan, Shatin, N.T. 1919 Yacht Colinia Hong Kong Newport Beach, CA 92660 USA Email address : info@bonso.com Telephone: (949) 760-9611 Facsimile: (949) 760-9607 BONSO ELECTRONICS INTERNATIONAL INC. REPORTS RECORD GAIN IN NET INCOME ON DOUBLED REVENUES HONG KONG .... July 17, 2000. Bonso Electronics International Inc. (NASDAQ Symbol: BNSO) today reported net income of $1,186,000 on revenues of $9,181,000 for the three months ended June 30, 1000, an increase of 115 percent in sales and 207 percent in net income over the comparable 1999 period. Earnings per share of $0.21 in the first fiscal quarter ended June 30, 2000, which compares to $0.12 in the same 1999 period, reflects a 75% increase in adjusted weighted average shares outstanding due to conversion of warrants in January 2000 which added 1,673,776 additional shares outstanding over the prior year. Net income for the 1999 first fiscal quarter was $386,000 on revenues of $4,340,000. The substantial gains in revenues and earnings in the first quarter were primarily attributed to shipments of telecommunications products under contracts announced earlier this year to manufacture two-way radio products for North American markets and cordless telephones for European markets. "Wireless communications products for consumer markets accounted for 33% of first quarter revenues, and existing contracts for these products call for production at current levels to continue through the remainder of the year," said Anthony So, Bonso chairman, president and CEO. Headquartered in Hong Kong, Bonso Electronics designs, develops, manufactures, assembles and markets a comprehensive line of telecommunication products, electronic scales and weighing instruments and health care products. Bonso products are manufactured in the People's Republic of China on behalf of customers primarily located in North America and Europe. Company services include product design and prototyping, production tooling, procurement of components, total quality management, and just-in-time delivery. Bonso also independently designs and develops electronic products for private label markets. For further information, visit the company's web site at www.bonso.com. The statements contained in the press release which are not historical facts are forward-looking statements that involve certain risks and uncertainties including, but not limited to, risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the company's filings with the Securities and Exchange Commission. FINANCIAL SUMMARY For the Three Months Ended June 30 2000 1999 ---- ---- (Unaudited) (Unaudited) Revenues $9,181,000 $4,340,000 Gross Profit 2,458,000 1,346,000 Income From Operations 1,137,000 428,000 Net Income $1,186,000 $ 386,000 Earnings Per Share: Basic $ 0.22 $ 0.12 Diluted $ 0.21 $ 0.12 Weighted Average Shares Outstanding 5,513,251 3,119,159 Incremental shares from assumed exercise of warrants and stock options 52,542 141,408 Adjusted weighted average shares 5,565,793 3,260,567 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, thereunto duly authorized. BONSO ELECTRONICS INTERNATIONAL INC. (Registrant) Date: August 9, 2000 By: /s/ Henry F. Schlueter -------------- -------------------------- Henry F. Schlueter, Assistant Secretary -----END PRIVACY-ENHANCED MESSAGE-----