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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 29, 1998
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
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 January 29, 1998, regarding the
acquisition of Integrated Communications and
Engineering Limited.
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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
February 6, 1998 By: /s/ Byron M. Allen
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Byron M. Allen
President
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EXHIBIT INDEX
Exhibit No. Description
- ----------- -----------
20.1 Press Release, dated January 29, 1998, regarding the
acquisition of Integrated Communications and Engineering
Limited.
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IWL
THE POWER OF SYNERGY-TM-
IWL Communications. Inc. Acquires ICEL
HOUSTON, Jan. 29/PRNewswire -- IWL Communications, Inc. (Nasdaq: IWLC)
("IWL") today announced the completion of its acquisition of Integrated
Communications and Engineering Limited ("ICEL") The acquisition was funded
with IWL common stock and cash.
ICEL, founded in 1994, is a communications service provider to oil and
gas companies operating in the North Sea. ICEL's services are very similar
to those provided by IWL in the Gulf of Mexico. The acquisition will allow
IWL to better serve customers which have drilling rigs and ships located in
these regions. For fiscal year ended August 31, 1997, ICEL had sales of
1,936M British Pounds Sterling or approximately $3.1M USD with pretax profit
of 104,662 British Pounds Sterling or approximately $168,506 USD.
IWL will combine INMARSAT and maritime communications products with
other carrier service offerings to provide customers with turnkey
telecommunication solutions to include special and switched access services
both internationally and domestically. ICEL/IWL Aberdeen will serve not only
the oil and gas industry IMMARSAT needs but also the northeast Scottish
marine and fishing industry. Additionally, IWL is exploring ways to support
the oil and gas industry in the Norwegian sector of the North Sea. However,
no operations have been finalized.
IWL provides advanced telecommunication 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 telecommunication services to its customers by
utilizing a broad range of technologies, including fiber optic networks,
satellite systems, microwave radio systems, trunked and conventional two-way
radio, and data communication networks.
IWL is also an interexchange carrier that provides special and switched
access services internationally and domestically under the IWL Connect(TM)
brand name. For additional company information please visit the IWL
Communications, Inc. World Wide Web home page at http://www.iwlc.com.
(more)
IWL COMMUNICATIONS, INC.
12000 AEROSPACE AVENUE, SUITE 200 - HOUSTON, TEXAS 77034 -
TELEPHONE: (281) 482-0289 - FACSIMILE: (281) 482-9144
