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) April 6, 1999
Pen Interconnect, Inc.
(Exact Name of Registrant as Specified in its Charter)
Utah 1-14072 87-0430260
(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation or organization) Identification Number)
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1601 Alton Parkway, Irvine, California 92606
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number including Area Code: (949) 261-3131
2351 South 2300 West, Salt Lake City, UT 84119
(Registrant's Former Address, if Changed Since Last Report)
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Item 2. Acquisition or Disposition of Assets
The Company announced that it had terminated its previously announced
merger agreement with Laminating Technologies, Inc.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS
The Company's press release dated April 6, 1999 is attached hereto as
Exhibit 99.1
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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.
Pen Interconnect, Inc.
By: /s/ Stephen J. Fryer
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Stephen J. Fryer
President and Chief Operating Officer
Date: April 23, 1999
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Exhibit 99.1
FOR IMMEDIATE RELEASE
Contact: Stephen Fryer, CEO. Richard Carpenter or Jeff Lamberson
Pen Interconnect, Inc. American Financial Communication
(949) 798-5800 (916) 552-6532
PEN INTERCONNECT AND LTI TERMINATE MERGER AGREEMENT
IRVINE, CA (April 6, 1999) PEN INTERCONNECT, INC. (OTC BB: PENC) and Laminating
Technologies, INC. (OTC BB: LAMT) announced today that they have terminated
their pending merger. Pen's CEO Steve Fryer stated, "Both companies worked hard
to complete this merger, but market conditions changed causing this mutual
termination agreement. Meanwhile, Pen continues to implement its plan to focus
on its core competencies to grow its contract manufacturing business and to
enhance its profit potential."
Pen Interconnect, Inc. provides the total manufacturing solution including
circuit design, board design from schematic, mechanical and product design,
prototype assembly, volume board assembly, system services and end-user
distribution. Pen Interconnect, Inc. has support manufacturing facilities in
California, Utah and China. For information the Company's product data, visit
their web site at http://www.pen-interconnect.com.
The statements contained in this news release that are not purely historical are
forward- looking statements that may involve risks and uncertainties. The
Company's actual results may differ significantly from the results contained in
the forward-looking statements. Factors that might cause such differences
include, but are not limited to, the effect of losses and other factors on the
Company's credit facilities, business and results of operations; the Company's
limited capital resources and its ability to fulfill its existing obligations
and ongoing capital needs; risks associated with excess or obsolete inventory;
the potential impairment of assets; the Company's dependence on key customers
and their financial viability; the impact of competition; and the Company's
abilities to effectively manage growth. These and other risk factors are
discussed in the Company's filings on Form 8-K, S-3, 10-QSB and 10-KSB.
