SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 and 15(d) of the
Securities Exchange Act of 1934
Date of Report (date of earliest event reported): February 28, 2000
ONLINE POWER SUPPLY, INC.
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Exact Name of Registrant as Specified in its Charter)
Nevada 00-29669 84-1176494
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(State or other jurisdiction (Commission File No.) (I.R.S. Employer
of incorporation) Identification No.)
6909 South Holly Circle, Suite 200
Englewood, Colorado 80112 80112
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (303) 741-5641
Not Applicable
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(Former Name, Former Address or Former Fiscal Year,
if Changed From Last Report)
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ITEM 5. OTHER EVENTS
As of February 28, 2000, the registrant, OnLine Power Supply, Inc.
learned that there have been incidents over the past three weeks where
statements have been made in the Internet (specifically at the "Raging Bull"
site) by third parties about statements which may have been made by our
management. Specifically, the statements made by the third parties have
concerned the current status of OnLine Power Supply, Inc.'s OPS product
development efforts, when we may sign contracts with potential customers for our
OPS products, status as approved vendors for certain potential customers, and
expected revenues from operations in 2000.
We wish to advise the public markets as follows:
We have to date signed no contracts for any of our OPS products. We continue to
work with potential customers in designing OPS products to meet their
specifications, but to date none of the final approvals have been obtained and
there are no contracts in place yet. At such time as we do sign a contract, we
will file a Form 8-K with the SEC and make a simultaneous press release to such
effect.
To date, small orders for OPS product have been received for engineering
evaluation purposes. We have not yet applied for a listing on the Nasdaq Small
Cap Market. We are considering making such an application in the future but have
not done so to date. If we do apply for such a listing, we don't know whether or
when we would be approved.
We remain confident that our business plan ultimately will prove successful and
that we will be selling our OPS products in the future, but only future events
will prove us right, or wrong.
Forward-Looking Statements
Except for the historical information, all of the information which is contained
in this press release are "forward-looking" statements within the meaning of
section 27A of the 1933 Act and section 21E of the Securities Exchange Act of
1934. Specifically, all statements regarding our business strategy and plans and
objectives of management for future operations are forward-looking statements.
These forward-looking statements are based on the beliefs of management, as well
as assumptions made by and information currently available to management. These
statements involve known and unknown risks, including the risks resulting from
economic and market conditions, accurately forecasting operating and capital
expenditures and capital needs, successful anticipation of competition which may
not yet be fully developed, the uncertainties of litigation, and other business
conditions. The use of the words "confident", "prove", "anticipate," "believe,"
"estimate," "expect," "may," "will," "continue" and "intend" and similar words
or phrases, are intended by us to identify forward-looking statements (also
known as "cautionary statements"). These statements reflect our current views
with respect to future events. They are subject to the realization in fact of
assumptions, but what we now think will happen may turn out to be inaccurate or
incomplete. Our actual operating results and financial performance may prove to
be very different from what we now predict or anticipate.
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Although we believe that our expectations are reasonable, we cannot assure you
that our expectations will prove to be correct. Based on changing conditions,
should any one or more of these risks or uncertainties materialize, or should
any of our underlying assumptions prove incorrect, actual results for the
Company may vary substantially from what we now anticipate, believe, estimate,
expect or intend. All subsequent written and oral forward-looking statements
attributable to us are expressly qualified in their entirety by these cautionary
statements.
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.
ONLINE POWER SUPPLY, INC.
Dated: February 29, 2000 By: /s/ Kris M. Budinger
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KRIS M. BUDINGER, President
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