-----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, QLgIzSJl9r17cEeDrb6wyl4KFovxLqdZw/xE0ebJwACW67X0FHg/w8WKWLTwTCST B5YerQSkVd/qcQCoOGdMCQ== 0000950116-97-001901.txt : 19971021 0000950116-97-001901.hdr.sgml : 19971021 ACCESSION NUMBER: 0000950116-97-001901 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19971016 ITEM INFORMATION: FILED AS OF DATE: 19971020 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: 97698163 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 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 16, 1997 ROMTECH, INC. (Exact name of registrant as specified in its charter)
Pennsylvania 0-27102 23-2694937 - ---------------------------- ------------------------ ------------------- (State of other jurisdiction (Commission File Number) (IRS Employee 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) Item 5. Other Events. On October 16, 1997, RomTech, Inc. reported its earnings for the first quarter ended September 30, 1997, 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 16, 1997 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/ Joseph A. Falsetti ----------------------------- Joseph A. Falsetti, Chairman and Chief Executive Officer Dated: October 20, 1997 EX-99.1 2 PRESS RELEASE DATED OCTOBER 16, 1997 COMPANY CONTACT: Gerald Klein, CFO RomTech, Inc. (215) 750-6606, Ext. 118 jklein@romt.com INVESTOR CONTACT: Herbert Lanzet or Gerald Ortsman H.L. Lanzet, Inc. (212) 687-0061 lanzet@aol.com NEWS RELEASE ROMTECH ANNOUNCES FISCAL 1998 - FIRST QUARTER RESULTS; COMPANY ACHIEVES FIRST PROFITABLE QUARTER SINCE GOING PUBLIC Sales Increase 43.4% For the Three Months Ended September 30, 1997 LANGHORNE, PA (October 16, 1997) - RomTech, Inc. (NASDAQ: ROMT) today announced unaudited results for the first quarter ended September 30, 1997. Sales for the quarter ended September 30, 1997 were $1,536,000, versus sales of $1,071,000 for the same period a year ago, an increase of 43.4%. Net income and net income per share for the current period were $60,874 and $0.01, respectively, versus a loss of ($233,504) or ($0.04) per share for the three months ended September 30, 1996. Joe Falsetti, Chief Executive Officer of RomTech, said, "During fiscal 1998 our objective is to achieve significant gains in market share in the budget software category with our Galaxy Series products. Consistent gains in market share will increase sales, earnings and shareholder value. Our business plan is focused on branding the Galaxy Series products in the value line segment of the consumer software market. Recent retail sell-through data demonstrates that the Galaxy Series products continue to gain sales momentum and that recently released new titles are selling exceptionally well based on the strength of the Galaxy brand." Gerald W. Klein, Chief Financial Officer of RomTech, stated, "Our bottom line results for the first quarter were negatively impacted since the Class Two Preferred and the Class Three Preferred Stocks contained beneficial conversion features that are accounted for in a manner similar to a preferred stock dividend due to specific accounting guidance promulgated by the SEC. These non-cash charges for the current quarter amounted to $105,441 or $.01 per share and represent the final charges for the beneficial conversion feature of these securities. Future quarters will not be burdened with any charges related to the issuance of these securities." RomTech, Inc. was incorporated in July 1992, and develops, publishes, markets and resells a diversified line of personal computer software for consumer and business applications. The Company offers software titles and personal productivity application products primarily in the game and personal/business productivity categories under the Galaxy of Games(, Galaxy of Home Office Help( and Galaxy Deluxe (brand names (the "Galaxy Series"). The Company's product line enables it to serve customers who are seeking a broad range of high-quality, value priced software. The statements in this press release relating to matters that are not historical are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those anticipated, including, but not limited to, general economic conditions affecting the demand for personal computer and multimedia software, the development, introduction and market acceptance of new products, increased competition, downward pricing pressure, availability of additional financing and access to distribution channels. These risks and uncertainties are described in reports and other documents filed by the Company with the Securities and Exchange Commission.. RomTech, Inc. Financial Results Table (Unaudited): Quarter ended: September 30, - -------------- ------------- 1997 1996 ----- ----- Revenues $1,535,558 $1,071,017 Net Income (loss) 166,315 (233,504) Accretion of Preferred Stock Dividend (105,441) --- ---------- ---------- Net Income (loss) attributable to Common Stock 60,874 $ (233,504) ====== ======= Average Shares Outstanding 7,246,939 6,285,125 Net Income (loss) per share $0.01 $(0.04) ### -----END PRIVACY-ENHANCED MESSAGE-----