-----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, Q5TOVXCBlmlD2M7kgB7G5uUNbkRsQ8FqkfJem5AeyiTq7EZhcgd/63olMKCAiS9E WKF1dpLOTkEXn8E/1wVdBQ== 0000893220-98-001616.txt : 19981014 0000893220-98-001616.hdr.sgml : 19981014 ACCESSION NUMBER: 0000893220-98-001616 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19981012 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19981013 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: ROM TECH INC CENTRAL INDEX KEY: 0000948703 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 232694937 STATE OF INCORPORATION: PA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-27102 FILM NUMBER: 98724732 BUSINESS ADDRESS: STREET 1: 2000 CABOT BLVD STREET 2: SUITE 110 CITY: LANGHORNE STATE: PA ZIP: 19047-1833 BUSINESS PHONE: 2157506606 MAIL ADDRESS: STREET 1: 2000 CABOT BLVD SUITE 110 CITY: LANGHORNE STATE: PA ZIP: 19047-1833 8-K 1 FORM 8-K ROMTECH, INC. 1 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): October 12, 1998 ---------------- ROMTECH, INC. ------------- (Exact name of registrant as specified in its charter) Pennsylvania 0-27102 23-2694937 - ------------ ------- ---------- (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification No.)
2000 Cabot Blvd. West, Suite 110, Langhorne, PA 19047-1833 - ----------------------------------------------- ---------- (Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (215) 750-6606 ------------------------------------------------------------- (Former name or former address, if changed since last report) 2 Item 5. Other Events. On October 12, 1998, RomTech, Inc. (the "Company") issued a press release announcing the Company's unaudited results for the first quarter ended September 30, 1998, as described in the press release attached as Exhibit 99.1 and incorporated herein by reference. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. a. None. b. None. c. Exhibits. 99.1 Press Release dated October 12, 1998. 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. ROMTECH, INC. By: /s/ Gerald W. Klein --------------------------------- Gerald W. Klein, President, Chief Executive Officer and Chief Financial Officer Dated: October 13, 1998 EX-99.1 2 PRESS RELEASE DATED OCTOBER 12, 1998 1 EXHIBIT 99.1 ROMTECH ANNOUNCES STRONG FISCAL 1999 FIRST QUARTER RESULTS SALES INCREASE 63% AND EARNINGS INCREASE 572% COMPARED TO YEAR AGO QUARTER LANGHORNE, Pa., Oct. 12, 1998 /PRNewswire/ -- RomTech, Inc. (Nasdaq: ROMT) today announced unaudited results for the first quarter ended September 30, 1998. Sales for the quarter ended September 30, 1998 were $2,506,000, versus sales of $1,536,000, for the same period a year ago, an increase of 63%. Net income and net income per share for the current period were $410,000 and $0.04, respectively, versus net income and net income per share of $61,000 and $0.01, respectively, for the three months ended September 30, 1997, a 572% increase. Jerry Klein, Chief Executive Officer of RomTech, said, "During fiscal 1999 our objective is to double our market share to approximately 7%, in the fastest growing segment of the software marketplace - the value-priced category (under $20 retail). Consistent gains in market share would help position RomTech to increase sales, earnings and shareholder value. Our business plan is focused on branding RomTech's high-quality, value-priced Galaxy Series products and successfully selling them to consumers via mass retail distribution. Current retail sell-through data shows that our recently released premium level, $19.95 retail, Game Master Series(TM) titles are selling exceptionally well." Bill Acheson, Vice President of Sales and Marketing for RomTech, stated, "During the first quarter we introduced seven new Game Master Series and six new Galaxy of Arcade(TM) products. We also released four new Galaxy of Games(TM) and three new Galaxy of Home Office Help(TM) products. These new products have been well received and early retail sell-through results are exceeding expectations. CompUSA(TM), a leading retail seller of software throughout the world, has reported exceptional sell-through results for the Game Master Series products. CompUSA is the first national retailer to offer all seven Game Master series products and other national retailers, including Best Buy, Wal-Mart, and Electronics Boutique, anticipate launching major promotions in our fiscal 1999 second and third quarters." Acheson also stated, "We have been very aggressive in implementing several key elements of our Internet strategy during the first fiscal quarter. At www.romt.com we recently introduced our new easy-to-use, on-line "shopping cart" for buying products at the site. Our new www.eGames2000.com site currently features downloadable demos of five of our exciting new games. During the second quarter we expect to add downloadable demos to include all of our exciting new Game Master Series and Galaxy of Arcade products. We expect these free demo offerings to help increase the sale of these products in retail stores and purchases via the Internet." RomTech, headquartered in Langhorne, Pa., develops, publishes and markets a diversified line of personal computer software primarily for consumer entertainment and small office/home office applications. RomTech promotes the Galaxy of Games(TM), Galaxy of Home Office Help(TM), Game Master Series(TM) and Galaxy of Arcade(TM) brand names ("Galaxy Software") in order to generate customer loyalty, encourage repeat purchases and differentiate the Galaxy Software products to retailers and consumers. 2 This press release contains certain forward-looking statements, including without limitation, statements regarding increasing RomTech's market share in the value-priced category, increases in sales, earnings and shareholder value, the launching of major promotions at certain retail stores, and the success of RomTech's Galaxy branding strategy and Game Master Series products. The actual results achieved by RomTech, and the factors that could cause actual results to differ materially from those indicated by the forward-looking statements, are in many ways beyond RomTech's control. RomTech cautions readers that the following important factors, among others, could cause RomTech's actual results to differ materially from those expressed in this press release: the allocation of adequate shelf space for RomTech's products in major chain retail stores; successful sell-through results for RomTech's products at retail stores; downward pricing pressure; the timeliness and success of developing and selling products; the acceptance by the market of the Game Master and other Galaxy products; access to distribution channels; consumers' continuing demand for value-priced software; competition; and various other factors, many of which are beyond the Company's control. Contact: Gerald W. Klein of RomTech, 215-750-6606, ext. 118. RomTech, Inc.'s press releases are available through CompanyNews On-Call by fax, 800-758-5804, ext. 127319, or at Company News at http://www.prnewswire.com. RomTech, Inc. Financial Results Table (Unaudited):
Quarter ended: September 30, --------------------- ----------------------------------- 1998 1997 ------------------------------------------------------------------------------------ Sales $2,506,200 $1,535,558 Net income 409,777 166,315 Accretion of Preferred Stock dividend - 0 - (105,441) ---------- ---------- Net income attributable to common stock $ 409,777 $ 60,874 ========== ========== Weighted average shares outstanding: - basic 9,442,329 7,246,939 - diluted 9,606,837 7,354,887 Net income per share: - basic $0.04 $0.01 ===== ===== - diluted $0.04 $0.01 ===== =====
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