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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (date of earliest event reported):
October 2, 1997
IWL COMMUNICATIONS, INCORPORATED
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(Exact name of registrant as specified in its charter)
Texas 0-22293 76-0043882
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(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
12000 Aerospace Avenue, Suite 200
Houston, Texas 77034
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(Address of principal executive offices, including zip code)
Registrant's telephone number, including area code (281) 482-0289
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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
See Exhibit 20.1 to this Form 8-K.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL
INFORMATION AND EXHIBITS
(c) Exhibit.
20.1 Press Release, dated October 2, 1997, regarding the sale of
the Company's interest in Kenwood Systems Group.
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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.
IWL COMMUNICATIONS, INCORPORATED
October 6, 1997 By: /s/ Byron M. Allen
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Byron M. Allen
President
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EXHIBIT INDEX
Exhibit No. Description
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20.1 Press Release, dated October 2, 1997, regarding the sale of
the Company's interest in Kenwood Systems Group.
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[LOGO]
IWL COMMUNICATIONS, INC. ANNOUNCES THE COMPLETION OF THE SALE OF KENWOOD
SYSTEMS GROUP (KSG)
Houston, Texas, October 2, / PR NEWSWIRE / - IWL Communications, Inc.
(Nasdaq: IWLC) ("IWL") today announced that it completed the sale of its
interest in Kenwood Systems Group (KSG) to Kenwood Americas Corporation (KAC)
on September 30, 1997. This sale results from IWL's commitment to its core
business. Terms of the sale were not disclosed.
IWL provides advanced communications solutions to customers with operations
in remote, difficult-access regions and in areas around the world where
government deregulation has created new market opportunities. IWL delivers
comprehensive communication services to its customers by utilizing a broad range
of technologies, including satellite, microwave, two-way radio, and fiber.
IWL Connect-TM-, a division of IWL Communications, Inc., is an
interexchange carrier that provides special and switched access services
internationally and domestically. IWL Connect-TM- received CLEC approval in
the State of Texas and CAP approval in the State of Louisiana that allows IWL
to serve the local calling needs of its customers. CLEC approval is
currently pending in the State of Louisiana. The high capacity digital
network being built along the Gulf Coast will attract core energy customers
and also provide diversification to new customers in the area.
CERTAIN OF THE FOREGOING INFORMATION ARE FORWARD-LOOKING STATEMENTS
REGARDING FUTURE EVENTS OR THE FUTURE FINANCIAL PERFORMANCE OF THE COMPANY,
AND ARE SUBJECT TO A NUMBER OF RISKS AND OTHER FACTORS WHICH COULD CAUSE THE
ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING
STATEMENTS. AMONG SUCH FACTORS ARE: INDUSTRY CONCENTRATION AND THE COMPANY'S
DEPENDENCE ON MAJOR CUSTOMERS, COMPETITION, RISK ASSOCIATED WITH INTERNATIONAL
OPERATIONS AND ENTRY INTO NEW MARKETS, GOVERNMENT REGULATION, VARIABILITY IN
OPERATING RESULTS, GENERAL BUSINESS AND ECONOMIC CONDITIONS; CUSTOMER ACCEPTANCE
OF AND DEMAND FOR THE COMPANY'S NEW PRODUCTS; THE COMPANY'S OVERALL ABILITY
TO DESIGN, TEST, AND INTRODUCE NEW PRODUCTS ON A TIMELY BASIS, RELIANCE ON
THIRD PARTIES AND OTHER TELECOMMUNICATION CARRIERS, THE COMPANY'S ABILITY TO
MANAGE CHANGE, DEPENDENCE ON KEY PERSONNEL, DEPENDENCE ON INFORMATION SYSTEMS
AND CHANGES IN TECHNOLOGY, AND POSSIBLE SERVICE INTERRUPTIONS.
CONTACT: KAREN L. BEUCHAW OF IWL COMMUNICATIONS, INC., (281) 482-0289 OR
[email protected]
FOR ADDITIONAL INFORMATION, PLEASE VISIT THE IWL COMMUNICATIONS, INC. WORLD
WIDE WEB HOME PAGE AT HTTP:/WWW.IWLC.COM
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IWL COMMUNICATIONS, INC.
12000 AEROSPACE AVENUE, SUITE 200 - HOUSTON, TEXAS 77034 -
TELEPHONE: (281) 482-0289 - FACSIMILE: (281) 482-9144
