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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) July 8, 1999
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LAMINATING TECHNOLOGIES, INC.
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(Exact name of registrant as specified in its charter)
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Delaware 0-21061 58-2044990
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(State or other jurisdiction (Commission File Number) (IRS Employer Identification No.
of incorporation)
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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 completed as of June 30, 1999 its previously announced
agreement to sell substantially all its operating assets. The purchase price was
approximately $400,000.
The Company, in combination with the asset sale, is in the process of
changing its name to LTI Holdings, Inc.
The Company's shareholders approved the above transactions at a special
shareholders meeting on June 25, 1999.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
The Company's press release dated July 2, 1999 is attached hereto as
Exhibit 99.1
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: July 8, 1999 /s/ Michael E. Noonan
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Michael E. Noonan, Chairman, President
& Chief Executive Officer
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Exhibit Index
Exhibit 99.1 - LTI press release dated July 2, 1999.
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PRESS RELEASE
JULY 2, 1999 COMPANY CONTACT:
Michael E. Noonan (CEO)
770-518-6010 x127
LAMINATING TECHNOLOGIES INC.
SELLS OPERATING ASSETS
ATLANTA, GA July 2, 1999 - Laminating Technologies Inc. (OTCBB: LAMT) reported
today that it completed on June 30, 1999, its previously announced agreement to
sell substantially all its operating assets to a new entity formed by the
primary owners of Packaging Atlanta Corporation. The purchase price, based upon
a percentage of the book value of the assets at closing, totaled approximately
$400,000. The Company's shareholders approved the transaction, as well as a name
change to LTI Holdings Inc., at a special shareholders meeting on June 25, 1999.
LTI's President, Mr. Noonan stated, "This sale allowed the Company to maximize
its cash position and now we can fully concentrate on enhancing shareholder
value by merger, acquisition or even possibly liquidation. We have cash,
essentially no liabilities, and a clean reporting publicly traded company to
offer potential partners."
Since its initial public offering in October, 1996, LTI has been a developmental
stage company supplying a technology to provide barrier laminations for
corrugated used in the manufacturing of specialty packaging products. As a
result of this sale, the Company has discontinued this developmental effort and
has no further operating business.
"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 the risk that the Company may not be able to merge
with or acquire other entities, and other risks set forth in the Company's
Securities and Exchange Commission filings.
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