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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) January 31, 1999
PUROFLOW INCORPORATED
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(Exact name of registrant as specified in its charter)
DELAWARE 13-1947195
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(State or other jurisdiction of incorporation) (IRS Employer identification No.)
0-5622
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(Commission File Number)
16559 SATICOY STREET, VAN NUYS, CALIFORNIA 91406-1739
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (818) 756-1388
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(Former name or former address, if changed since last report)
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ITEM 1 None
ITEM 2 Registrant reports the purchase, effective January 31, 1999 of 100%
control of Quality Control Cleaning, ("QCCC") a California
Corporation, located in the City of Commerce, County of Los Angeles,
State of California. QCCC was organized in September 1976 for the
purpose of maintaining Clean-Room facilities, to provide the
technical services of cleaning, sterilizing, testing and assembly of
components and parts for firms engaged in commercial aviation,
aerospace, medical, pharmaceutical and petro-chemical industries.
Registrant acquired all of the issued and outstanding shares of
common stock from Inez West and Victor West, Sellers, for the sum of
$500,000 in cash paid out of the Registrant's own working capital
funds. The purchase of shares from the Sellers was conducted on an
arms-length transaction with no relationship between the Sellers, and
Officers and Directors of the Registrant.
QCCC will be operated as a wholly owned subsidiary at its present
location under a five (5) year lease, terminable at the end of the
third year. California Environmental, hired by the Registrant,
conducted a test of the premises, indicated that QCCC complied with
the provisions of CERLA and SARA governing the handling, treatment,
transportation, storage or disposal of hazardous substances or
residue.
Registrant will transfer a manager of operations to coordinate the
activity of the subsidiary with its parent in Van Nuys, and all
financial and administrative functions will be integrated with the
parent facilities.
ITEM 3 None
ITEM 4 None
ITEM 5 None
ITEM 6 None
ITEM 7 None
ITEM 8 None
ITEM 9 None
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SIGNATURE
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Pursuant to the requirements of Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereto duly authorized.
Puroflow Incorporated
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Registrant
By: /s/ GARY A. ROSEN
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Gary A. Rosen
Chief Financial Officer
Dated: February 10, 1999
