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
October 13, 2000
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(Date of earliest event reported)
SPINTEK GAMING TECHNOLOGIES, INC.
Nevada
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(State or other jurisdiction of incorporation)
0-27226 33-0134823
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(Commission IRS Employer
File Number) Identification No.)
1857 Helm Drive
Vegas, Nevada 89119
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(Address of principal (Zip Code)
executive offices)
(702) 263-3660
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Registrant's telephone number,
including area code
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Item 5. Other Events
The Company believes that its cash balances and cash anticipated to be
generated from operations will no longer satisfy the Company's capital, business
development and capital expenditure requirements beyond the next few days. The
Company has substantial immediate cash needs in order to meet its current
obligations, including payroll, sales expenses, marketing and development. The
Company is monitoring and reducing expenses where allowable, seeking to
renegotiate its obligations, and trying to generate cash immediately through
sale or liquidation of existing inventory and borrowing against existing sales
contracts, inventory and other assets. Consequently, if the Company is unable to
raise additional cash it will not be able to maintain operations and may avail
itself of protection of the bankruptcy courts.
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SIGNATURE
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.
Dated: October 16, 2000
SPINTEK GAMING TECHNOLOGIES, INC.
By: /s/ Gary L. Coulter
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Gary L. Coulter,
Chairman of the Board and
Chief Executive Officer
