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
August 28, 1998
Date of Report (Date of earliest event reported)
FRISBY TECHNOLOGIES, INC.
(Exact name of Registrant as specified in its charter)
Delaware 62-1411534
(State or other jurisdiction (IRS Employer
of incorporation) Identification Number)
77 East Main Street
Suite 2000
Bay Shore, New York 11706
(516) 969-8570
(Registrant's telephone number, including area code)
Page 1 of 4 Pages
Exhibit Index Appears at Page 2
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Item 5. Other Events
Frisby Technologies, Inc. (the "Company") announced on August 28, 1998 that
a new research and development center where the Company had planned to move was
damaged in a fire. The Company does not expect the incident to affect its
operations. The Company had planned to move into the center in mid-September,
making it the Company's main facility for developing products. The Company will
remain at its current nearby facility until a new location can be found.
Reference is made to the Company's related press release attached hereto as
Exhibit 99.01 and incorporated by reference herein (including, without
limitation, the information set forth in the cautionary statement contained in
the final paragraph of the press release).
Item 7. Financial Statements, Pro Forma Financial Statements and Exhibits
(c) Exhibits:
99.01 Press Release dated August 28, 1998.
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.
Date: September 8, 1998
FRISBY TECHNOLOGIES, INC.
By: /s/Gregory S. Frisby
------------------------------
Name: Gregory S. Frisby
Title: President and Chief Executive Officer
<PAGE>
EXHIBIT 99.01
FOR IMMEDIATE RELEASE
Contact: At Frisby Technologies
Stephen Villa
(516) 969-8570
At LobsenzStevens
Liz Vogel or Brad Daley
(212) 684-6300
PLANNED FRISBY TECHNOLOGIES FACILITY DESTROYED BY FIRE
BAY SHORE, N.Y., August 28, 1998...Frisby Technologies, Inc. (Nasdaq:FRIZ)
announced that its planned research and development center in Winston-Salem,
N.C., was heavily damaged in a fire yesterday.
The company said that there will be no impact on operations, including the
ability to deliver products to customers, and that the minor property damage at
this leased facility is largely covered by insurance. No significant financial
impact to the company is anticipated due to this event.
"While we were disappointed by not being able to move into the building we
had intended to occupy, we are most thankful that no employees, inventory, or
equipment of the company was in the facility at the time of the fire," stated
Greg S. Frisby, chairman and chief executive officer of Frisby Technologies.
Until a new development center location is selected, the company will
continue to operate from its existing facilities in North Carolina.
Frisby Technologies, Inc. is a technology development company committed to
delivering innovative thermal management solutions to performance-driven
customers through partnerships with market leaders. Headquartered on Long
Island, N.Y., Frisby is currently offering industry leaders two lines of
revolutionary products: ComforTemp(R) insulating and cooling foams and
Thermasorb(R) thermal additives.
This press release contains forward-looking statements that relate to
Frisby Technologies' future plans and objectives. Those statements are subject
to numerous risks and uncertainties that could cause actual results, performance
and achievements to differ materially from those described or implied in the
forward-looking statements, and reported results should not be considered an
indication of future performance. These potential risks and uncertainties
include without limitation the lack of an operating history upon which Frisby
Technologies and its prospects can be evaluated, the need for future development
of certain of Frisby Technologies' products, the development of alternative
technologies by third parties, and the uncertainty of market acceptance and
demand for such products in the future. These potential risks and uncertainties
are detailed in Frisby Technologies' prospectus dated April 1, 1998 and the
company's filing on Form 10-QSB with the Securities and Exchange Commission.
