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UNITED STATES
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) November 12, 1997
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LAMINATING TECHNOLOGIES, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-21061 58-2044990
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
1160 Hightower Trail, Atlanta, Georgia 30350-2910
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(Address of principal executive offices)
Registrant's telephone number, including area code 770-518-6010
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Not Applicable
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(Former name or former address, if changed since last report.)
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ITEM 5. OTHER EVENTS
The Company reported today, its losses for the three months ended
September 30, 1997, as per attached Exhibit A.
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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, hereunto duly authorized.
LAMINATING TECHNOLOGIES, INC.
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(Registrant)
Date: November 12, 1997 /s/ Michael E. Noonan
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Michael E. Noonan,
Chairman, President &
Chief Executive Officer
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EXHIBIT A
NOVEMBER 12, 1997 COMPANY CONTACT:
Michael E. Noonan (CEO)
770-518-6010
LAMINATING TECHNOLOGIES, INC. REPORTS SECOND QUARTER FIGURES
ATLANTA, GA., NOV. 12, 1997. LAMINATING TECHNOLOGIES, INC., (LTI),
(NASDAQ: LAMT) today reported Net Losses for the three months and six months
ended September 30, 1997, of $351,000 or $0.13 per share and $665,000 or $0.24
per share. This compares to Net Losses of $541,000 or $0.66 per share and
$1,344,000 or $1.64 per share for the three months and six months ended
September 30, 1996.
Michael E. Noonan, the Company's President and CEO stated: "I am pleased
with our progress in the BAKE 'N SHIP(TM) marketplace." Laminating Technologies,
Inc. recently announced a new product line which utilizes a proprietary (patent
pending) process, resulting in a new material which is ovenable and freezable,
with the strength and structure of corrugated material. "Our losses are
declining as we add revenues and we have substantial cash reserves of $4.1
million."
Laminating Technologies, Inc. is a developmental stage company. LTI was
formed to research, design and develop markets for products that are
manufactured using the Company's proprietary processing method ("LTI
Processed(TM)"). Laminating Technologies, Inc. completed its initial public
offering on October 15, 1996. Its common stock, A and B warrants and units are
traded on the Nasdaq SmallCap Market under the symbols LAMT, LAMTW, LAMTZ and
LAMTU, respectively.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act
of 1995: The statements contained in this release which are not historical facts
are forward looking statements subject to risks and uncertainties that could
cause actual results to differ materially from those set forth in the forward
looking statements, including delay or inability to commercialize the company's
technology, delay or inability to conclude acquisition transactions,
introduction of competing services, cancellation of contracts, changes in
applicable regulations, general market acceptance of the Company's technology,
fluctuations in margins, and other risks set forth in the Company's Prospectus
dated October 9, 1996.
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EXHIBIT A (CONTINUED)
LAMINATING TECHNOLOGIES, INC.
(A Development Stage Company)
<TABLE>
<CAPTION>
3 Months Ended 6 Months Ended
September 30, September 30, April 19, 1993
------------- ------------- Through
SUPPLEMENTAL DATA 1997 1996 1997 1996 September 30, 1997
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<S> <C> <C> <C> <C> <C>
Net Sales $ 92,000 $ -- $ 125,000 $ -- $ 490,000
Operating Loss (409,000) (284,000) (801,000) (950,000) (6,550,000)
Net Loss (351,000) (541,000) (665,000) (1,344,000) (7,344,000)
=========== =========== =========== =========== ===========
Net (Loss) Per Share of
Common Stock $ (0.13) $ (0.66) $ (0.24) $ (1.64) --
=========== =========== =========== ===========
Weighted Average Number of
Common Shares Outstanding 2,775,100 820,000 2,775,089 820,000 --
=========== =========== =========== ===========
</TABLE>
<TABLE>
<CAPTION>
September 30, 1997
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<S> <C>
Cash and Cash Equivalents $4,118,000
Total Assets $4,807,000
Total Liabilities $ 516,000
Total Stockholder's Equity $4,291,000
</TABLE>
