-----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, RFRLfrsHqJFkmhZTl5KS62HYyJ2GxMVlyBtcNK/nYRoOWxsk7nU72/yZzqr2uuS2 L/aVBXmwrMAsmejV5z4GRg== 0001144204-09-039900.txt : 20090803 0001144204-09-039900.hdr.sgml : 20090801 20090731180958 ACCESSION NUMBER: 0001144204-09-039900 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20090730 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090803 DATE AS OF CHANGE: 20090731 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ENCISION INC CENTRAL INDEX KEY: 0000930775 STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841] IRS NUMBER: 841162056 STATE OF INCORPORATION: CO FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11789 FILM NUMBER: 09978439 BUSINESS ADDRESS: STREET 1: 4828 STERLING DR CITY: BOULDER STATE: CO ZIP: 80302 BUSINESS PHONE: 3034442600 MAIL ADDRESS: STREET 1: 4828 STERLING DR CITY: BOULDER STATE: CO ZIP: 80301 FORMER COMPANY: FORMER CONFORMED NAME: ELECTROSCOPE INC DATE OF NAME CHANGE: 19960502 8-K 1 v155925_8k.htm Unassociated Document
 
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)
July 30, 2009

ENCISION, INC.
(Exact name of registrant as specified in its charter)

Colorado
0-28604
84-1162056
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)

6797 Winchester Circle, Boulder, Colorado
80301
(Address of principal executive offices)
(Zip Code)

Registrant’s telephone number, including area code
(303) 444-2600

   
(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 (see General Instruction A.2. below):

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 2.02
Results of Operations and Financial Condition

The following information is furnished pursuant to Item 2.02, “Results of Operations and Financial Condition,” and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section.

On July 30, 2009, ENCISION, INC., issued a press release announcing its financial results for the first quarter ended June 30, 2009.  A copy of the press release is attached hereto as Exhibit 99.1.

The information contained in this Current Report, including the exhibit, shall not be incorporated by reference into any filing of ENCISION, INC., whether made before or after the date hereof, regardless of any general incorporation language in such filing.

Item 9.01
Financial Statements and Exhibits.

(d)           Exhibits.

99.1
Press Release issued by ENCISION, INC., July 30, 2009.
 

 
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.

 
 
 
ENCISION, INC.
(Registrant)
 
       
       
Date July 30, 2009
By:
/s/ Marcia K. McHaffie  
    Marcia K. McHaffie  
    Controller  
    Principal Accounting Officer  
 
 

 
 
 
GRAPHIC 2 logo.jpg GRAPHIC begin 644 logo.jpg M_]C_X``02D9)1@`!`@$`2`!(``#_X0EF17AI9@``34T`*@````@`!P$2``,` M```!``$```$:``4````!````8@$;``4````!````:@$H``,````!``(```$Q M``(````;````<@$R``(````4````C8=I``0````!````I````-````!(```` M`0```$@````!061O8F4@4&AO=&]S:&]P($-3(%=I;F1O=W,`,C`P.3HP-SHR M.2`R,3HT,3HP,````````Z`!``,````!``$``*`"``0````!```!':`#``0` M```!````'P`````````&`0,``P````$`!@```1H`!0````$```$>`1L`!0`` M``$```$F`2@``P````$``@```@$`!`````$```$N`@(`!`````$```@P```` M`````$@````!````2`````'_V/_@`!!*1DE&``$"`0!(`$@``/_M``Q!9&]B M95]#30`!_^X`#D%D;V)E`&2``````?_;`(0`#`@("`D(#`D)#!$+"@L1%0\, M#`\5&!,3%1,3&!$,#`P,#`P1#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P, M#`$-"PL-#@T0#@X0%`X.#A04#@X.#A01#`P,#`P1$0P,#`P,#!$,#`P,#`P, M#`P,#`P,#`P,#`P,#`P,#`P,#`P,_\``$0@`$0"@`P$B``(1`0,1`?_=``0` M"O_$`3\```$%`0$!`0$!``````````,``0($!08'"`D*"P$``04!`0$!`0$` M`````````0`"`P0%!@<("0H+$``!!`$#`@0"!0<&"`4###,!``(1`P0A$C$% M05%A$R)Q@3(&%)&AL4(C)!52P6(S-'*"T4,')9)3\.'Q8W,U%J*R@R9$DU1D M1<*C=#87TE7B9?*SA,/3=>/S1B>4I(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F M]C='5V=WAY>GM\?7Y_<1``("`0($!`,$!08'!P8%-0$``A$#(3$2!$%187$B M$P4R@9$4H;%"(\%2T?`S)&+A7U5F9VAI:FML;6YO8G-T=7 M9W>'EZ>WQ__:``P#`0`"$0,1`#\`U.@?67Z_?6&JZWIPZ6UN.YK+/79>PRYO MJ#9Z=EWYJV*1_C+]:OUST?T=[?5V?:-VR1ZFS=[=^SZ*\^^JM7U5NIR3U[J- MV`\/;Z#:;7U[VQ-CG^BQ^_;9^>Y=WT+ZQ_4CI.*SIV'U8W-?82PWFRQY=81[ M?4=6/SD5L=1?Y&W5^M_5^VNE^YK7U_F6?OK/^ MJ7UZQ>MN&!FM&'U=HUH,AENF\OQ?4]WT/TOV=_Z;T_\`35?ID7_&-K]3.H?] M9_\`/]*SW_4W!^L/U6Z1<'?9>I4X.-]GS63N&VMCF5W!I;ZM;7>ZOW>K0_WT M6()UMN_77ZQ]1Z';TEF"VHC.R13=ZK2Z&DUM_1['U[7>];76^H'IG1\WJ+6" MQV)19UA/\IR\LZ[G]?.3TKHGUBK/VWIV96^G+F1?0YU=>_<&CUW M-_[D,V/_`.Y-%>1[W^D?7$%WU4ZN`"3]CN,#R8Y)+S?2>M_XR>L8%?4,&KI7 MV>TN#0_UFN!8YU3Y;ZEGY[/WE)OUI^N73?K#T[I76\?"L;U!P!&&+2YC'.]' MU38YSFL].QS=^^O^;_PB']1_K;]6^E_5K&P\_/KHR&NMQ];W/#/:TL_2;:_TFS_II(=OZV]5 MRNC_`%>S.HX@8;Z`PL%H+F>ZQE;M[6NK=]!_[ZE]5NI9/5OJ_A=1RPP7Y->] MXK!:R=SF^QKG/=]$?O*E_C#_`/$;U'^K7_Y^J4_J#_XC^E_\3_WYZ27*R?K) M]:\[ZS=0Z+T"K!:WIS6%S\SU-SMP87$/I=^_9[6;/^N?F*65E?XTL7&LR31T MN\5-W>C0V]]C_P"177O9N=_;8L7JSOJ!U7ZP=3=U*_+Z3E46BFYXLV,OLKFE M]E558R?:UE-7O=Z/J[Z_T:S^H]._Q=T]/R;>G];RK1T['NSJ/LF796TWX\AVQ\>]FYI^I_UFZEUKJO M6*\ M:MKFY5I_P;&_I?4:W\_\^O\`S%DY?6Z!4S&Z=2RG%J/L=:`]SG3I9Z3]U?J; MOS[&VW?\6H)D\1XI&,?T0/TDAZO`S*\O'#FVU76,AMSJ#NK#XEVQRX[KGU_S MNB?6G(P;\=F1TJAM1?Z;2+VBQK"ZW>7^B_;8_P#FWLJ_,_3+I^@5=1;B.MZC M8]]MSMS&61+&1#6EH#=KG?37*T5LN_QK]1HM:+*;<#9;6[5CVN9C!U=C'>U[ M'?NN4P-B^Z"]IT[J6#U3$9FX%SS]#_0L?_BF?]2%PW^+; M_E[ZS?\`A@?^?LY>*I(,QW?JE'_P#E M=S?_``D/^HQEXBDI$/U2>0N-^H?_`"[]:_\`TX?]^N7A"22/TAY'_N7_V?_M M#A10:&]T;W-H;W`@,RXP`#A"24T$)0``````$``````````````````````X M0DE-`^T``````!``2`````$``0!(`````0`!.$))300F```````.```````` M`````#^````X0DE-!`T```````0```!X.$))3009```````$````'CA"24T# M\P``````"0```````````0`X0DE-!`H```````$``#A"24TG$```````"@`! M``````````(X0DE-`_4``````$@`+V9F``$`;&9F``8```````$`+V9F``$` MH9F:``8```````$`,@````$`6@````8```````$`-0````$`+0````8````` M``$X0DE-`_@``````'```/____________________________\#Z`````#_ M____________________________`^@`````________________________ M_____P/H`````/____________________________\#Z```.$))300````` M```"``$X0DE-!`(```````0`````.$))300(```````0`````0```D````)` M`````#A"24T$'@``````!``````X0DE-!!H``````ST````&```````````` M```?```!'0````0`;`!G`&\`;P````$``````````````````````````0`` M```````````!'0```!\``````````````````````0`````````````````` M```````0`````0```````&YU;&P````"````!F)O=6YD'1)D%L:6=N96YU;0````]%4VQI8V5(;W)Z06QI9VX````'9&5F875L M=`````EV97)T06QI9VYE;G5M````#T53;&EC959E7!E96YU;0```!%%4VQI8V5"1T-O;&]R5'EP90`` M``!.;VYE````"71O<$]U='-E=&QO;F<`````````"FQE9G1/=71S971L;VYG M``````````QB;W1T;VU/=71S971L;VYG``````````MR:6=H=$]U='-E=&QO M;F<``````#A"24T$*```````#`````$_\````````#A"24T$%```````!``` M``(X0DE-!`P`````"$P````!````H````!$```'@```?X```"#``&``!_]C_ MX``02D9)1@`!`@$`2`!(``#_[0`,061O8F5?0TT``?_N``Y!9&]B90!D@``` M``'_VP"$``P("`@)"`P)"0P1"PH+$14/#`P/%1@3$Q43$Q@1#`P,#`P,$0P, M#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P!#0L+#0X-$`X.$!0.#@X4%`X. M#@X4$0P,#`P,$1$,#`P,#`P1#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P, M#/_``!$(`!$`H`,!(@`"$0$#$0'_W0`$``K_Q`$_```!!0$!`0$!`0`````` M```#``$"!`4&!P@)"@L!``$%`0$!`0$!``````````$``@,$!08'"`D*"Q`` M`00!`P($`@4'!@@%`PPS`0`"$0,$(1(Q!4%181,B<8$R!A21H;%"(R054L%B M,S1R@M%#!R624_#A\6-S-1:BLH,F1)-49$7"HW0V%])5XF7RLX3#TW7C\T8G ME*2%M)7$U.3TI;7%U>7U5F9VAI:FML;6YO8W1U=G=X>7I[?'U^?W$0`"`@$" M!`0#!`4&!P<&!34!``(1`R$Q$@1!46%Q(A,%,H&1%*&Q0B/!4M'P,R1BX7*" MDD-3%6-S-/$E!A:BLH,')C7"TD235*,79$55-G1EXO*SA,/3=>/S1I2DA;25 MQ-3D]*6UQ=7E]59F=H:6IK;&UN;V)S='5V=WAY>GM\?_V@`,`P$``A$#$0`_ M`-3H'UE^OWUAJNMZ<.EM;CN:RSUV7L,N;Z@V>G9=^:MBD?XR_6K]<]']'>WU M=GVC=LD>ILW>W?L^BO/OJK5]5;JZC=@/#V^@VFU]>]L38Y_HL?OVV?GN M7=]"^L?U(Z3BLZ=A]6-S7V$L-YLL>76$>WU'5C\Y%;'47^1MU?K?U7*Z-]7< MOJ6'Z9OH]/9ZK2YGOMKI?N:U]?YEG[ZS_JE]>L7K;A@9K1A]7:-:#(9;IO+\ M7U/=]#]+]G?^F]/_`$U7Z9%_QC:_4SJ'_6?_`#_2L]_U-P?K#]5ND7!WV7J5 M.#C?9\UD[AMK8YE=P:6^K6UWNK]WJT/]]%B"=;;OUU^L?4>AV])9@MJ(SLD4 MW>JTNAI-;?T>Q]>UWO6UUOJ!Z9T?-ZBU@L=B467-8=`XL:7M83_*]_I'UQ!=]5. MK@`D_8[C`\F.22\WTGK?^,GK&!7U#!JZ5]GM+@T/]9K@6.=4^6^I9^>S]Y2; M]:?KETWZP].Z5UO'PK&]0<`1ABTN8QSO1]4V.G=)%74,3.>V MJZUKGL?6]SPSVM+/TFVO])L_Z:2';^MO5UKJW?0?^^I?5;J63U;ZOX74*P6LGDERLGZR?6O.^LW4.B]`JP6MZUFS_KGYBEE97^-+%QK,DT=+O%3=WHT-O?8_\`D5U[V;G?VV+% MZL[Z@=5^L'4W=2OR^DY5%HIN>+-C+[*YI?9556,GVM935[W>CZN^O]&L_J/3 MO\7=/3\FWI_6\JW-KJ>[&J=<^'6!I])A_0,^D_\`E(K2=]7U/I=^7D=.Q[LZ MC[)EV5M-^/(=L?'O9N:7+GOJ?]9NI=:ZKUG#S6U"KI]NR@ULN<_P`6W_B@ M^LI_XD_=7ZF[\^QMMW_%J"9/$>*1C']$#])(>K MP,RO+QPYMM5UC(;HV/?;<[QW[KE,#8ON@O:=.ZE@]4Q&9N!SZ=?IJAU'ZM]:^J&8_K7U4+\C`<9S.EN)?[1W8/<^YC/S'L_7,;_N MUC_H5/\`Q5WUY-W71DLN8TD$@6>M:&%S?:[9OV(JOH_P#_T..=_,M_ MJC\J?!_IN+_Q]/\`Y\8N:23A\I^K7_2CY_\`=E^A/\8O_B,ZA\:?_/\`2M+Z ML?\`B9Z5_P"$L?\`\],7S2DFL_5]T_QF_P!'Z)_Z?]V7Y/U'@_T+'_XIG_4A<-_BV_Y>^LW_`(8'_G[.7BJ2#,=WZI7, M=-_Y=?\`UG+Y]24<_FCYI&Q?JI<'A_\`Y7(I*1#]4GD+C?J' M_P`N_6O_`-.'_?KEX0DDC](>1_[E_]DX0DE-!"$``````%,````!`0````\` M00!D`&\`8@!E`"``4`!H`&\`=`!O`',`:`!O`'`````2`$$`9`!O`&(`90`@ M`%``:`!O`'0`;P!S`&@`;P!P`"``0P!3`````0`X0DE-!`8```````<`"``` M``$!`/_A%_EH='1P.B\O;G,N861O8F4N8V]M+WAA<"\Q+C`O`#P_>'!A8VME M="!B96=I;CTG[[N_)R!I9#TG5S5-,$UP0V5H:4AZDY48WIK8SED)S\^ M"CQX.GAM<&UE=&$@>&UL;G,Z>#TG861O8F4Z;G,Z;65T82\G('@Z>&UP=&L] M)UA-4"!T;V]L:VET(#,N,"TR."P@9G)A;65W;W)K(#$N-B<^"CQR9&8Z4D1& M('AM;&YS.G)D9CTG:'1T<#HO+W=W=RYW,RYO&UL;G,Z:5@])VAT='`Z+R]N&UL;G,Z<&AO=&]S:&]P/2=H='1P.B\O;G,N861O8F4N8V]M+W!H;W1O M3X*(#PO&%P.DUE=&%D871A1&%T93X*("`\>&%P.D-R96%T;W)4;V]L/D%D;V)E(%!H M;W1O&UL M;G,Z>&%P34T])VAT='`Z+R]N&%P+S$N,"]M;2\G/@H@ M(#QX87!-33I$;V-U;65N=$E$/F%D;V)E.F1O8VED.G!H;W1O&UL;G,Z9&,])VAT='`Z+R]P=7)L+F]R9R]D8R]E;&5M M96YT&UP;65T M83X*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`* M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@"CP_>'!A8VME="!E;F0])W0``9&5S8P`````````2D!\@'Z`@,"#`(4`AT")@(O`C@"00)+`E0"70)G`G$">@*$`HX"F`*B`JP" MM@+!`LL"U0+@`NL"]0,``PL#%@,A`RT#.`-#`T\#6@-F`W(#?@.*`Y8#H@.N M`[H#QP/3`^`#[`/Y!`8$$P0@!"T$.P1(!%4$8P1Q!'X$C`2:!*@$M@3$!-,$ MX03P!/X%#044%]@8&!A8&)P8W M!D@&609J!GL&C`:=!J\&P`;1!N,&]0<'!QD'*P<]!T\'80=T!X8'F0>L![\' MT@?E!_@("P@?"#((1@A:"&X(@@B6"*H(O@C2".<(^PD0"24).@E/"60)>0F/ M":0)N@G/">4)^PH1"B<*/0I4"FH*@0J8"JX*Q0K<"O,+"PLB"SD+40MI"X`+ MF`NP"\@+X0OY#!(,*@Q##%P,=0R.#*<,P`S9#/,-#0TF#4`-6@UT#8X-J0W# M#=X-^`X3#BX.20YD#G\.FPZV#M(.[@\)#R4/00]>#WH/E@^S#\\/[!`)$"80 M0Q!A$'X0FQ"Y$-<0]1$3$3$13Q%M$8P1JA')$>@2!Q(F$D429!*$$J,2PQ+C M$P,3(Q-#$V,3@Q.D$\43Y10&%"<4211J%(L4K13.%/`5$A4T%585>!6;%;T5 MX!8#%B86219L%H\6LA;6%OH7'1=!%V47B1>N%](7]Q@;&$`891B*&*\8U1CZ M&2`911EK&9$9MQG=&@0:*AI1&G<:GAK%&NP;%!L[&V,;BANR&]H<`APJ'%(< M>QRC',P<]1T>'4<=:AZ4'KX>Z1\3'SX?:1^4'[\?ZB`5 M($$@;""8(,0@\"$<(4@A=2&A(B>K)]PH#2@_ M*'$HHBC4*08I."EK*9TIT"H"*C4J:"J;*L\K`BLV*VDKG2O1+`4L.2QN+*(L MURT,+4$M=BVK+>$N%BY,+H(NMR[N+R0O6B^1+\<-]1B)&9T:K1O!'-4=[ M1\!(!4A+2)%(UTD=26-)J4GP2C=*?4K$2PQ+4TN:2^),*DQR3+I-`DU*39-- MW$XE3FY.MT\`3TE/DT_=4"=0<5"[40914%&;4>92,5)\4L=3$U-?4ZI3]E1" M5(]4VU4H5755PE8/5EQ6J5;W5T17DE?@6"]8?5C+61I9:5FX6@=:5EJF6O5; M15N56^5<-5R&7-9=)UUX7&EYL7KU?#U]A7[-@!6!78*I@_&%/8:)A]6)) M8IQB\&-#8Y=CZV1`9)1DZ64]99)EYV8]9I)FZ&<]9Y-GZ6@_:)9H[&E#:9II M\6I(:I]J]VM/:Z=K_VQ7;*]M"&U@;;EN$FYK;L1O'F]X;]%P*W"&<.!Q.G&5 M&YXS'DJ>8EY MYWI&>J5[!'MC>\)\(7R!?.%]07VA?@%^8G["?R-_A'_E@$>`J($*@6N!S8(P M@I*"](-7@[J$'82`A..%1X6KA@Z&I+CDTV3MI0@ ME(J4])5?EAMJ(FHI:C!J-VH^:D5J3'I3BEJ:8:IHNF_:=N MI^"H4JC$J3>IJ:H_R#W(O,DZR;G*.,JWRS;+MLPUS+7--:6YQ_GJ>@RZ+SI1NG0 MZEOJY>MPZ_OLANT1[9SN*.ZT[T#OS/!8\.7Q'EZA8:'B(F*E)66 MEYB9FJ2EIJ>HJ:JTM;:WN+FZQ,7&Q\C)RM35UM?8V=KDY>;GZ.GJ]/7V]_CY M^A$``@$#`@0$`P4$!`0&!@5M`0(#$00A$@4Q!@`B$T%1!S)A%'$(0H$CD152 MH6(6,PFQ),'10W+P%^&"-"624QAC1/&BLB8U&50V160G"G.#DT9TPM+B\E5E M=58WA(6CL\/3X_,I&I2DM,34Y/25I;7%U>7U*$=79CAVAI:FML;6YO9G=X>7 MI[?'U^?W2%AH>(B8J+C(V.CX.4E9:7F)F:FYR=GI^2HZ2EIJ>HJ:JKK*VNKZ M_]H`#`,!``(1`Q$`/P"YB#_A4I_+W,RP0]>?)^&64$A6ZEVU2A@BLUV>7LF) M```;7/UX'/M>]B$4L;ZWH/1B3^P*3_+H)6_-;W4R01\K;L':M"\*1K@$Y>25 M4'#%6%30"I('3C_T%$_`3_G@?DS_`.BVV=_]M+VSX$7_`"F1_LD_Z`Z,_P!Z M7W_3.7O^]6G_`&U=88_^%0O\OU&)BZ]^2:L!9C'UILL-;400=/:(-M2$?ZX_ MP]^\"+_E,C_9)_T!U[]Z7W_3.7O^]6G_`&U=6=?`3^8[T?\`S&]H;XWYTMM[ ML#"T'7VZL;M3.T?9.`P^%R3923"'<"-BH=O;JWC#)&BD?IE)8H?22UPGIBOE MT==''[;[.V[TIU9V5VWN6BKZC!=5;+W;OS/4V+HO/E*[#[:PLFY,T,V!4_46T-I#4[?V^O'T.#@YH*\.F5 MN(6F:WUTF%<$$$@!"66H&M5\1`S+50QTDA@0+H/=>GNN+,J*SL;*BEF-B;*H MN387)L![]U[JC_JW^>G\1>XOF#2_#/;.Q^]J7LRI[7WQT\,_D=G8/^Z,NX>M MY]P-N2^Z8]VULAS0Z:8 M/H:%T>ZV,UTEG#([SLNKMCD*J*NI#N%*1L&C=2KLK:E*TU8ZN_DC65-#BZED M8C@@Z'5P""""I*V/^'O71CU7;\[?YD7Q?_E_X+:><^0NZ\C05F]JW*4&T=H[ M1PAW5OK=)P)FGW`*?`)4+(,#"B)K9G4$$!"6&E?=>ZK';_A47\`=("]>?)\/ MQJ9NN]E,IXYL@[/4K<_[4;>_=>ZQ_P#045\!?^???)O_`-%OLS_[:GOW7NAB M^/G_``HB_E\=^]C;:ZK@R_:W6&Y]WYC!8';>2[5V)'A-JY;/[ECE?;^!;=6V M=Q[TH=M5E0H\MLZU+&0QL;6"V='0JI`)- M=O>\M[!9C]7(NH*593A0Y4ZPM)`K*S0_VJJRNR!.X7W^Z]&G1!_G[_,!Z<_E M\]4[7[8[KPF_LQM3=V]H=AT4/7^&P66S*YML#N3<(C^TW)NC:,'C:+;3J&,@ MN6%@;\>Z]U!_E[_S#.FOYB76&\>S^D-O=@8/;^QMY_W$RU+V)A]OX?,_QD[? MP.YO&L&V-T[Q@>*.FW"`").;?0?4^Z]U8&L:*\DBK9Y='D-R=6@:5X)L+#^G MOW7NJ<_FS_.?^%OP9[&;IWMO<>_=V]KXO&8BOSFU.K]IC<^0V]3[CJQ%M^7< MVR*';1XBAB"0"0*Z5+$+ZG2I-!4T!/`$A!N M&Y6VVK:-Q=^[7DVCNF3#R2! M?XWMRFF99T%U! M)H`6`).EFH`2"3I5C05X?9TFGNX+>2"*4L'E-%HK-4U`I500#G50D417D^". M1EMGZRWY@>V>M=A]E;<@J(\1V'LC9^_,!2Y17@RD>&W)B*;<.WSE=+SSH6CG MU:FN"=0Y-[Z-:&ASTI'SX="*[K&I9B``#^0"2`387(NQM[I+*D*%W-`/Y_(? M/JRJ7(51GJLSY)_S&MA]/Y"OV?L'%0[_`-\43O19=XW59'D2ATH0`6P8ON5.DKAF:H'RSQQGY?S_/JQ'XT_S">N^Y4^8(MWCNWC@>,1E=:DA@-3. MH9'7M=.PAG[?A)H`!5+=1TT!CW'A3S_U>7'JQET5U*L+J;7%R/H01R"#]1[& MLD:2H8Y!5#_Q?ETB5BI#*<]%D^6WRR@2:(321R[BL+LC,?H0+WL*T%3GK1^7#HH_P`%_P"; MO\0OY@64SVV>H=R[AV[O_;(&1J.K>QJ3'[6WYE<:6E8Y_;-%%N"6/<6V(EL6 M>,/87+*%'&^O=6J^_=>Z:9JSHH\925>0J+$\K$KSN+V;3K?B_T M6_\`0>_=>ZI*^*G\ZGXQ_P`P?L?,?&SHO`=^['[$W!L/L.JP.]-Z;-P6'Q^W M9-MX2.*;<-)+%N::==Q12[ECD1(TY8*68*6MLT#%-:EP@8@,"0&)`)`)I4@\ M:'!].DT%W!<23Q1EO%C:C!E9#Y@,`X4LC$$+(M4;2VECI-`(@_EC_("/=&4R M9W90T]!5;VP&03K5-]TS;'R];C]Z;DW/)N*IRT^U?[UP;/VYLG)KLR!:6B_O M]+!E9GJI/''1O[W4^O\`J_S]*>O_T*@_Y9&)ZBWQ\X?C?LOY!T.R]*.G_`+V4N\ZEY4F:-6;3(QF#%T+*SW"J:W!F6Z@A M#QM%J5P%8:756;2RC25J1E>W"GR!Z"&Q[QM>Y;=:27&XP&Z24PJ0[(YI,PA! M$DC3`SK"CF.1V:6A#!Q4=;U\_P`,?Y":1Q&/KW^7;(2`-)SW4G"EB2UDW!(T M04."5(N>2.>/=1=70)(N9*DY[CGR]?0`='+[!L3K&K[+:%46B@PQD**EJ#MP M-3,U!BI)XD]"SLW^6%_*`[(P$6&.4**8\4 M-Q;=^Z7R@S"PDU>@B]O2/=1/.NG3,XID9/IIJ/RQ]F.'3TFT[5,9#-MENY=2 M&K&AJ"_BD&HR#)^H0<%^_P"+/1ZOC[\6?CQ\6L'G,!\=^G=@=.8/=>6?<.X\ M5L##18C'YC-RZO\`0W"L$52R:)H[5Y65'1CG0%4 MQ>&A555!*_B,1)(TI)CTJ`O(V\DL,DI8/+$K-X6V#_*%_P"%"(SQVQ\=OY@&[HZ#*3)A<#UQ\F*R M2.7![AFII-";;[BDH*R3^[FZC3E7;)3:66*2-\OXR=3IW,6MD1CK!-58$$#R M8:@NN-LA95'ANROH)"U(HV+?X=Y>_MT!\:V*JYTLE2=2GL>K1MJC9O#)NIJ,)*?N,B>T>PIXY"T9!7Q1;:2X)LQ/TXL78M8$CQ@Z@N3C"GM.#QKJ M`QP_F"^]%N\EE;W3KX4DHTK1JM+&1/&0RD!0@A=B&!#D`5'PO;=_+8_D]?RZ M._/@7\8>X>S_`(P;1W9V%V%U1@MP[KW))NOM3&39G)*TJ)5:L/O>.Z`Q#QW, MD@L?4Y)]U)TG!)QQ(6IJ,DA55:^?:J@'X0M``Y;6K16-I:7%P\DD:1@O5E9V MCT]Q(8MW%:L"S!@2KZ@34\[?R%/Y3X5BOP]V2[!257^]O:ZZF`N%U'L2PN>+ M^Z=+.M6WY=?R-OEU7_.7N'&_"KXIU>UOCWMS=6P\CUCG:_?^"VGMG^2^`DF6,QB=D;8.^Z?1"))8=99J@$J#>PO]%/MR")IYX;=/C?\`/T[%Q7R`;!UW3^5^9NT,#VB-[5E+BML?Z/!_=N44^=STM2`- MK':FJ(HWK!9O4HNWM9!V-"2YU?$H'<0:Z?@QWDA6%6`H!754#H.;N&N(-R5; M11%I\*9I"(5>,(LI8SD.1`$>6)BL3N)';0T.EI1LXGXJ_P#"<5H&=J;X`M*U MKTS=R;89>'L/6W89C'I]7`_WGW2.[FBD,L942'S"KC%,8H,<:4KY]*;S8-LO M[..PO5FDM%KVM/.=56#=Y\35)1@"OB%M%.V@ZQM\5?\`A.:\>M\=_+\=+WTM MW;L]FO?3?Q'L0R7Y_I].?I[O'?W,1+1%%:G$(@_P+TFN^5-EOXUAOH[B:(-4 M+)@L_E+?R>ND/CEW_7_+#KOYK['^0&;H\;O?`+L[ MI@;$JNN\3B-_3L\6*SF>35JU-45VCN>`"0;I26.22<4_9P'Y"G0@CC MCB4K%&JJ6+4``%6)9CCS9B6)XDDDY/6T![KU?KYP/_"F.*<_S.>Q-+>-8>CN MJY9EUL/+!)M7?6A2%NK_`+M0C6-@--_J![6V#(MS&&6K%D`^1UJ:_+`(QZTX M=!GFV&XEV6\>"73%'#<-(*D:D-K.@6@PWZC(U&H.W5\0`ZWW/A$S'X;_`!/4 MJ;+\:NC2'-[,6ZVV\I0<6N@0?G\CVA``P!0=":M>/29^<':^3Z;^/N]]PX-O ML\]EFI-J[;JHK::7);@,NK)2Q++`\C01+5.RHZ.;!@P))`6YGW%=IM;G<7B, MB11`E*@5U/X:D%E=:AGKE2``<'ATLMUUIHX5:E?RJ?3!IZ]:M/O%WHUZ.)\< M/AQOCOR-]RU%5_-_?(_<$)?&Y7L3`4;C!5.LF8O#V_N*EH]FU!0L4 MMAF\:E!^;M[E'8^6(=@\18G5;EEJ69E`)4AE6@)(0L6*EO$<::,S:4Z2R3K+ M@(67[#Y_Y?V?+SZLFZGW5N?=>P,!N#?&S*SKO3+[5R&03)RX22-+F.? M)H?#,/&H)-Q8GD7O[&T#HH6-7UU\P#I&,YJ5&1A012H`'GTC<,:LPI]O'C^T M_:?V]5I?SX(]?\JCY;,5#(NUMD`WL0'_`-+W7+QFQYN#'<'\$>U7377SSNGN ME/D_0]=;K^7O1,>Z:;`?&W?>R,?N??VQ:U9MU]8Y?.;83=>"WU`\35:UFT89 MPODS;>-3%*CE"']2@Q:HS+*ZQR$:@AP]&:306B*J\894R"I57[-1%2H/V/F1 M-Q;Z.SA\?PBFID=G2.-DCTGQI=+32%F)8,L4@"3!E:2-/'W&?Y1_\^W;/R1_ MNQ\=OF1FMO=:=^5[C!]?=H0U4.*Z^[J-#-"[1TY=4AP6_/+>-75?[O;@(+4\ MBR_[C48)C)(B=B5`U`J04+5*J_$*Y45,;$2)^)0"I8RV??[?=WEBC6CJB,#W MA7#(K-H\6.)V"%E)8(4,M_P`)LHG_`.'0,-'42_<%^G.V"6T"*T$R8-H8+(?]T0.L>KZMIU'D M^W"5.HJM!I'G7(I4_F:FGE6G3$"31H5GG\1];D'2%HK.Q1:#^!"J:N+:=1R3 MU]%WVWT_U__1H\^#_P`:,'\KOE7U#\?8E5MS-[KQV)VCN'<>, MJ6Q&=W)($K]TT1RKN]5M;2R--)>0LQ1Y&8,J,S"2U;P=!AC"HJO-&@4*0/TH MY%B^%L'1PI2@`I'UK[?[#'-/7Y8=OH\)U1+#L3KZ.-VN#:=8J>%)$NHX97%B>.3>R[A>H' M47+T8>9K^PFI'Y4Z/I^4.6;B2WEDV2W#1-4:5T`FH/>J:5D&!APPI44H36][ M^6W\!=H_RX.@JCH'9^_\]V/BJW?^[=]'<>Z\?M_#YA)).>CVWA^GA2+Q7D(K5G-68DDDG@! M4DT50J***BJ@"BQ+W7I[HH?S_)'P?^7(!(#?&OO(,`;7'^B[=;6/]1<`_P"N M/:FS_P!R[7_FHO\`QX=$O,?_`"KV_?\`/%/_`-6FZU`?^$IX#?+CY'*P!!^. M^,!!%P0=\;9!!!X((]INCKH^O\W;_A/_`+9[TCW3\B_A-A<3LONJHBRV=WMT MFSG#]>]IF2:H9\[MZ&%77:W9T#J!'=S@.APQ<1I"2ZL!&22L@01/5' M_*X_G5=Y_P`NW-,Q-Q65BLX-I[BHJD5>*W+B=Q4G9.Z-OYURA(-7#.JQ@DHPE!4FYT^T\& MKZ=(S%HDS4,H4KH+K1>XJ4=0'32Q#*4TD^;6UWHOXX]Q,$\-O&S0(E"`]6B0 MNT*AFC,ZME]U;=SO7&9P6)R&]-O;3P6Z-GUQ MW'@-O9\5$1P.\!O2&7Q[C#%QA!R"?KR?)1ZZ6!&?,>5:C[<$4XUQQQTTTT:I MKJ674%[06R6T<%!(`;XCP0`EB`"1>O1U<-=24U;3MK@JX(JB%N+F.9`ZWTE@ M&`;D7-C[]T[UK(?\*J0/]D:Z5-AZG_D_V M-11INOK39V?Z_P!\2[LBZ\PA@&9JMAO-+N;;\L6UH`'D5X@R(+7(`;PPH082 MI-/*IXFGJ?,^?GTTD,,;O*D2K(P`)``)`+,`3Q(#.Q%?-F/$FI0Y/^$B/6D\ M7AF^;.]$A>REZ?X][2BJ1X]+C3+!NJ"H6Y`!.L:A<<\CV9INMPC!@HJ/5I"/ MV&0C^70+N.0-HNH7@DG<(U*E(;*-L$'#QVBN.&:,*BH-02.NG_X2,=:TM&4; MYM;U,<*V.KH+;$ATJ%*`.^[R)I'8&Y8$ECR23PD-\TEPMT$I(:_[\'RR=08< M<`$"@P*5Z.H>7+:WV4[$+AVLQ0#4ENQ4`AJ:?!\)JL"Q9XW^%*A/AM\3` M/H?C1T2W^Q?J_:SM]+?EO:15TBE2X"'-.T'>+2\V M^)T$TZJ%9J$*ZLC#YBH`!/$*S%0YI&RR"0HBFAHIS]F?VY_P9IQZJ.^$GQ)I MN_MS9#=>ZY7CZ@V=5^/,SI(M$-TY`*TM5MB2\NN*DCBU)E39X3&7AUMJ)]Q1 MR;RW/8[M)>/"UN+9]05XC&6:4.S,5=::@26?B=;AU8_$5\CQR(P+DU7!&1Q` MH344%*TX\*$4Z/#\F_FAT)L>AI>N^O=KX7MVKVS$<9C]KBL@HNF,`<%3/]L< MTJ/+%NR2&2-H8X:=)T9K>J]MH"1(Y0P9.XYH6RN01P-:GC0@5!HPI@]5K;^^;WR;WIH_AO8U7L"G MI4D6@Q'7T;;4Q%.C+:.`Q4,CU;Q1-RI:5B&_5J6ZF.5]PKR?<(WO;8#:R0'6 M,_JZ`X8'Q&XR4&AM(C5T)4",Z'C4^"1&$1NX$D8'$@#R\L5`-:&I\S6_SX7X M[?T'Q[ZXRO:N>SNY-\[BQ@W)E:_YPV]=(KT72DA%!J2QJ>'\J8IZ4\NB; M?SZ/^W3GRW_[4G6O_OY^NO9OTFZIG_X2AT6.S?7OS@H,A##D\74;MZAI*BCG MIUR>*R>'DP/8XIFA:34669)&U*8U(MI]8=&]WD0(0M36F010@\""/D?Y4K0U M`2VEPUS&TNA1&6[&5@Z2(0&216'DRD5!`HP8*733(Z._F]_\)[FQ]1NGY%_` M+:SS4D_CS_8'QEQ$HCF,M.RZLYTVA(>:-(87_P!^>Y97(88>^K^%-4&F1Q^P M'B*>?\O3B*$=/R1K(H5BP`8'!*FJD,,J0:5&1P855@5)!+C_`"N/Y\F\>F,; M3_$[YT[GR^?ZPK:3-]>;7[KSM4M/V#U"\-2F`CP?9P"PG4DVW*6T>X@MY_&%PK1ENR0!J`Y>2)6M^Y=0*LH: ME3'I<1D03RO;;Q:P;=MUINEQ*S0S2V]Q$L;Q]IT2QO'/#;L-;I5@)$@$SP.8 MP2&ZV"7_`)@7_"FVG54BZG^6$VF2-3]E_+AW5-!HDD4.T MD@*6]/M,L*3,\BJJ1$'2#*@(/E6N2*X`('$5:F>I0FW.ZVZ&UM9Y9KB^C=!* MZ6-PRR(2-17PSX:L%(9F5W`*N%B+$1B2?Y@G_"F:YMU5\NR-)()_EM;P!+_A M2!TD0%M^;D_X>V_I9?XH_P#G)'_T%TL_?UC_`+XO?^R.[_ZT=;#W\D_O/^8U MW7L7O6M_F*[)[3VEN?";NV+C>L8.R^CJ_HVLKL/E,/EI-S56$HZK#XB3,?P^ M=D$TT`D$06QD'U]IR`"0""*\?7]M#^T=&\;L\<;M&R,5!*FE5)'`Z2RU'`Z6 M(KP)&>K'/G__`-D/_+C_`,5L[S_]];NSVHL_]R[7_FHO_'AT4,7_`.]SMGVFZ.NM[681&-Q/H\1%GUD*O)`% MV)%C>UC];^_=>ZUNOYQOPU_EO_*F6L;>_P`J/B_\7/F+M7`QC;NZM]]M=<;0 MRV7Q]?`XQF$[@V!N'=&+R>Y=JU-XYE:01,%U2`1D":@U-6(*A1C0Q."5 MJ(F35O\`Y2VSSL_CYL_P!:[SVAV-L#)>[?-;I"^E*:9(YDD?3'*"BEU9=!+H2!$CAY*@AD^FS[3='76E3_ M`,*C>AZ?1RD/W%/32"*:%@#K1RJF$:Q'$VH5D4I34*R*00NI672#C620" M`JFM0"&-_6V!>9LCP2EQ1P/#MR'E\:1!'(9=!A=(HV4QN998V!5W'5>OQH^8 MG\_7872756QOC!UAWUN3H[;^TTQ/6&1VE\-Z+>VW,KLZ-:B6GR>#[%K.L!AL MOB64!4DAGD1CZ4/U):,L$6N:=:(,TTRN*'%`L:M(>(((X`&M1TKW:6\LK!&B M-W+10K&".)[@FJTD`>D5,,)%6%CWAE"*A/0S+_,`_P"%,Z6U MZQM8!=QRNI`8VTZ!30FNJ6'PP1Q&NH)H*&M#5SN#KWY&_+WYNY5OEAO#KWI/ MM[<^^<)#W;NCY,[HZJ^+V0VG1X:FV7C,EDH]@]A5^`S:9/);`QM)44M/@0TD MU'.CH)%D6](&CDMC,4H#I;3'X@0,R/ASV?`QR)DU&4"H#U/08KXNM)!X^B-HUD;QU$PP((XHW#F)76"-?J98R*D@QU##0R12T<-)!%3 M2P,CPRPQQJB21O&61U=1>X)!O[:Z'/6LM_PJI_[(9Z6_\6;P'_OM^Q_?NO=- M7_"4G_LBGY!_^+29/_WTW5_OW7NMHSW[KW7S$Z?8ORC^'/\`,#[#S'P#W7U_ MWCVH^?[7/6&;^-F?ZH^4^X)NO-V;H@I\[3Y?86U,IN;+8ZJVWM>1GR#YS;\G MVLMR[(%+*\T\%NL;O$K!D<'2)&*TCDFGZM^63(& M-UA_EJ[PC4M87NZ],S!6`M_9-_:V>*&1:0VR1OZ^.A'Y@G]E"..:](=KO]RM M)BVX[U=7=N>*G:[F-A0'X6C0`5)!;4CU`HNFI/4H?/?_`(4X2TWDDZL^4H1O MK]U_+KW'`G$FD:Z>HZ:BE7D<7(N;$<6]I?T8KCOAU1#\.L&N/XU%..<#Y'H_ MIN.X;/2VW'P+]^$OTS)IH^?\7G8L*J"O'[PWQVGN7`[RVKE]F;?Z+P^1H-T8&;;BU M6:S-8D-)*855_(XDB>[,BE96/BNR%$(U`!BQ+O([<'#,7"E&2'PS&56%$*@! MSD-+W]W-(\US^[JA8TG%6(54TRQ-@)"Z&BPCQE4BJSMW:OH-^Z=#WKYPW_"E MK_MYIVA_X@KJO_WG]X^U-G_N7:_\U%_X\.B7F/\`Y5[?O^>*?_JTW6_3\-XX M8?B%\58J>3RP1?&[HV."74K^2%.L=KK')K0!'UH`;@6/X]INCKHP.2CH)*.= M,HT"T+1E9S521Q4ZJ0P+.\A51P?R;"WMB=(F4^,]$^9``P:GYXK4&HH,BE>K MJ2/A'^K'^KUZJ$^4/5^\ZSI:@H_B)OOK.F^.&/Q63R6]<'M3=VWJ-JVE6JJ\ MNLLN^L_E,A@Z[8X/FIIL7YJ:%XG:,,-`'N.>:=L+6-[=P7L1FCUEHQ(51F(( M;Q!4*2&/B`2=@,?AE2LK:3BW>=V@A2)Q53I8U'9FH!)TA!1JD4^)RQP3U2;3 M;7R%3D$QHK-N0RM.\#5%3NS;$./C,9;R2OD6RWV1@`0D.KL).-&HE08,BL99 M3"/%A4.RBK2QBFH@`L-55`K5B1VBI-`#T\30$]6-?$OXR=(TN>QN]/D)WKT+ M&]#7"HP?6V.[9V/F4R#1S#[*KW+DXH9P$IXYAH_@:V(-!0D`U(&H%:'` M!`J1D5K1E.PY`D:1Z8V#B_J8$&[6%_H2!Q;CW.=I'%%%HA<,*Y(-:G_)Y8_X MOHEE9V>KK0_Y.JB/Y]'_`&Z<^6__`&I.M?\`W\_77M3TWU3C_P`),?\`CR?F M9_X>?3'_`+SW9?OW7NMP2H6G>/34Z!&6%O(P0:A'?W56Q<=V;E((X!+B>W-N9 M'<]-7[.W41!(?XC]O',[2(,JLB-='5\<3(0S>)10!3(Q@C%:T(T^E%*T/1=+ M%MLEG=>(\?[NJYD`*K'579IM96@H7U"=7)5J,L@H7!J%_P"$XV%J=M_S0*#` MY"?$U3X3J/M?!U=;MC<>&W?MK(5."PFR,+4YC`Y_9S2XO*8G+4,$%53RQR.T MZ.)!(_\`G3>5Q(6=79HR9&74DL;`-,[:667O!4DKY*0!I5110&/;]:YF56A6-PKT^(F-1"8NOHL^T_0XZ__V3\_ ` end EX-99.1 3 v155925_ex99-1.htm
 
 
Exhibit 99.1


Encision Reports Profitable First Fiscal Quarter Results

BOULDER, Colo., July 30 /PRNewswire-FirstCall/ -- Encision Inc. (OTC Bulletin Board: ECIA), a medical device company owning patented surgical technology that is emerging as a standard of care in minimally-invasive surgery, reported its financial results for its first quarter of fiscal year 2010.

Net sales for the three-months ended June 30, 2009 totaled $3.2 million, representing a 3% increase over net sales of $3.1 million for the prior fiscal year’s first quarter. The Company recorded net income of $163 thousand or $.03 per share for the first quarter of fiscal year 2010, compared to a net loss of $164 thousand or ($.03) per share for the first quarter of fiscal year 2009. Gross profit margin for the first quarter of fiscal year 2010 was 64%, as compared to 60.3% for the first quarter of fiscal year 2009, a 3.7% increase resulting from production efficiencies and an increase to inventory which resulted in a higher absorption of overhead costs to inventory and a decrease to cost of sales.

“We are pleased with the start to our first quarter of fiscal year 2010, especially with the turnaround from last year’s first quarter net loss. Net income increased from last year’s first quarter net loss as a result of a slight increase in sales income, increased gross profit margin and reduced operating expenses,” said Jack Serino, President and CEO of Encision Inc.

Encision Inc. designs, develops, manufactures and markets innovative surgical devices that allow surgeons to optimize technique and patient safety during a broad range of surgical procedures. Based in Boulder, Colorado, the Company pioneered the development of patented AEM® Laparoscopic Instruments to improve electrosurgery and reduce the chance for patient injury in minimally invasive surgery.

In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the Company notes that statements in this press release and elsewhere that look forward in time, which include everything other than historical information, involve risks and uncertainties that may cause actual results to differ materially from those indicated by the forward-looking statements. Factors that could cause the Company's actual results to differ materially include, among others, its ability to increase net sales through the Company's distribution channels, insufficient quantity of new account conversions, insufficient cash to fund operations, scale up production to meet delivery obligations, delay in developing new products and receiving FDA approval for such new products and other factors discussed in the Company's filings with the Securities and Exchange Commission. Readers are encouraged to review the risk factors and other disclosures appearing in our filings with the Securities and Exchange Commission. We do not undertake any obligation to update publicly any forward-looking statements, whether as a result of the receipt of new information, future events, or otherwise.

CONTACT:        Marcia McHaffie, Encision Inc., 303-444-2600, mmchaffie@encision.com
 
 
 

 
 
Encision Inc.
Condensed Balance Sheets
(Amounts in thousands)
 
   
June 30,
   
March 31,
 
   
2009
   
2009
 
   
(Unaudited)
   
(Audited)
 
ASSETS
           
Cash and cash equivalents
  $ 126     $ 85  
Accounts receivable, net
    1,235       1,264  
Inventories, net
    2,459       2,505  
Prepaid expenses
    110       36  
                 
Total current assets
    3,930       3,890  
                 
Equipment, net
    884       840  
Patents, net
    223       216  
Other assets
    18       24  
                 
Total assets
  $ 5,055     $ 4,970  
                 
LIABILITIES AND SHAREHOLDERS  EQUITY
               
Accounts payable
  $ 662     $ 745  
Accrued compensation
    311       406  
Other accrued liabilities
    360       367  
Line of credit
    275       191  
                 
Total current liabilities
    1,608       1,709  
                 
Common stock and additional paid-in capital
    19,582       19,560  
Accumulated (deficit)
    (16,135 )     (16,299 )
                 
Total shareholders equity
    3,447       3,261  
                 
Total liabilities and shareholders equity
  $ 5,055     $ 4,970  
 
 
 

 
 
Encision Inc.
Condensed Statements of Operations
(Amounts in thousands, except per share information)
                              
   
(Unaudited)
 
   
Three Months Ended
 
   
June 30,
   
June 30,
 
   
2009
   
2008
 
Net sales
  $ 3,174     $ 3,094  
Cost of sales
    1,142       1,229  
                 
Gross profit
    2,032       1,865  
                 
Operating expenses:
               
Sales and marketing
    1,199       1,374  
General and administrative
    354       367  
Research and development
    301       289  
 
               
Total operating expenses
    1,854       2,030  
                 
Operating income (loss)
    178       (165 )
Interest and other income (expense), net
    (15 )     1  
                 
Income (loss) before provision for income taxes
    163       (164 )
Provision for income taxes
           
                 
Net income (loss)
  $ 163     $ (164 )
                 
Net income (loss) per share-basic and diluted
  $ 0.03     $ (0.03 )
Basic and diluted weighted average number of shares
    6,455       6,450  
 
CONTACT:  Marcia McHaffie of  Encision Inc., +1-303-444-2600, mmchaffie@encision.com

 
 

 

-----END PRIVACY-ENHANCED MESSAGE-----