SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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, 1998
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ROBOCOM SYSTEMS INTERNATIONAL INC.
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(Exact name of Registrant as specified in its charter)
New York
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(State or other jurisdiction of incorporation)
0-22735 11-2617048
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(Commission File No.) (I.R.S. Employer
Identification No.)
511 Ocean Avenue, Massapequa, New York 11758
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(Address of Principal Executive Offices) (Zip Code)
(516) 795-5100
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(Registrant's telephone number, including area code)
Robocom Systems Inc.
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(Former Name of Former Address, if Changed Since Last Report)
Page 1 of 5 Pages
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Item 5. Other Events.
On November 12, 1998, the Company changed its name from Robocom Systems
Inc. to Robocom Systems International Inc.
Item 7. Financial Statements, Proforma Financial Information
and Exhibits.
(c) Exhibits.
Exhibit
Number Exhibit Title
99.1 Press Release issued on November 17, 1998.
Page 2 of 5 Pages
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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.
Dated: November 17, 1998
ROBOCOM SYSTEMS INTERNATIONAL INC.
By: /s/ Irwin Balaban
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Irwin Balaban
President & Chief
Executive Officer
By: /s/ Elizabeth A. Burke
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Elizabeth A. Burke
Vice President-Finance and
Chief Financial Officer
(principal financial
and accounting officer)
Page 3 of 5 Pages
Contact: Gary Fishman or Kimberly Boshara, Investor Relations, 212-527-4808
Robocom Changes Name to Reflect Global Success
MASSAPEQUA, N.Y., November 17, 1998 -- Robocom Systems International Inc.
(NASDAQ: RIMS) announced that it changed its name from Robocom Systems Inc. to
reflect the Company's continued success in international markets and in
anticipation of the rollout of RIMS 4.0, the Internet version of Robocom's
software that enables users to monitor and control the flow of goods in and out
of warehouses around the world.
Based on customer reports, a RIMS.2001 system produces a 100% return on
investment within 18-24 months. For a typical company with $150 million in
sales, RIMS can increase operating margin 1% on an annual basis. The Company
anticipates greater savings through increased efficiency with the forthcoming
Internet version.
During fiscal 1998 and the first part of fiscal 1999 the company made
significant progress in pursuing international opportunities. International site
license sales increased 300% in fiscal 1998 compared to the prior year. Four
international site license sales were sold in the first quarter of 1999 compared
to none in the year ago period.
Additional international successes include:
Global Distribution -- Robocom has established distribution in England,
Australia and The Netherlands and has aggressive plans to expand internationally
in fiscal 1999 including Israel and France.
High Profile Global Clients -- In the last twelve months, Robocom has signed
license agreements with global leaders including: Unilever's (NYSE: UN, UL) Van
den Bergh frozen food operation in Dublin, Ireland; John Sands, the Australian
subsidiary of American Greetings (NYSE: AM); John Wilman, a UK based fabric and
textile manufacturer; Schlumberger's (NYSE: SLB) industrial odometer plant in
Germany; Cussons Technology, a UK manufacturer and supplier of engineering
equipment; and Purepac/Faulding, an Australian health and personal care company.
Global Enterprise Resource Planning (ERP) Software -- Robocom has developed or
is in the process of developing interfaces with global leaders in ERP software,
enabling the Company to significantly expand the potential market for its
RIMS.2001 software.
About Robocom: Robocom Systems International Inc. (NASDAQ: RIMS) is the
leading provider of standard warehouse management software solutions that enable
companies to realize significant cost savings by automating their warehouse
operations. The Company's primary product, RIMS.2001, is a
customer-configurable software solution that enables a warehouse to respond to a
customer order with greater accuracy and in a more timely manner, thereby
turning the warehouse into a competitive advantage. Founded in 1982, Robocom
(www.robocom.com)
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installs its standard RIMS systems for companies and government agencies serving
a variety of industries.
This news release contains forward-looking statements that involve risks and
uncertainties. The Company's actual results may differ materially from the
results discussed in the forward-looking statements. Factors that might cause
such a difference include, among others, general economic and business
conditions; industry trends; changes in demand for the Company's product; the
timing of orders received from customers; announcements or changes in pricing
policies by the Company or its competitors; unanticipated delays in the
development, market acceptance or installation of the Company's products;
availability of management; and availability, terms and deployment of capital.
