SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 25049
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Act of 1934
Date of Report (date of earliest event reported) May 26, 1995
COMARCO, Inc.
(Exact name of registrant as specified in its charter)
CALIFORNIA
(state or other jurisdiction of incorporation)
0-5449 95-2088894
(commission File Number) (IRS Employer Identification Number)
22800 Savi Ranch Parkway, Suite 214, Yorba Linda, California 92687
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (714) 282-3800
(former name or address, if changed since last report)
Item 5. Other Events.
There is incorporated herein by reference to Exhibit 28 hereto, a press
release of registrant released on May 26, 1995
Item 14. Financial Statements and Exhibits
(c) Exhibits
28
Press release dated May 28, 1995
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.
COMARCO, Inc.
Dated: June 2, 1995
By: Thomas P. Baird
Vice President, Chief Financial Officer
PRESS RELEASE
For Immediate Release
Contact: Comarco, Inc.
Don M. Bailey (714) 282-3813
Eva Evans (714) 282-3817
COMARCO ANNOUNCES RESULTS OF CHINA LAKE COMPETITION
YORBA LINDA, CALIFORNIA, May 26, 1995....COMARCO, Inc. (NASDAQ:CMRO) was
verbally notified by Navy contracting officials late today that it has not been
selected for award of the contract to support the Naval Air Warfare Center at
China Lake and Pt Mugu, California. This contract consolidates eight existing
contracts, including COMARCO's current effort at China Lake.
"We are disappointed that we were not selected," commented Mr. Don M.
Bailey, President and CEO of COMARCO, Inc. "While we had hoped that our 30+ year
relationship supporting the Navy at China Lake would continue, we are still
extremely proud of the quality of support we provided in all our interactions
with that customer. This procurement has absorbed resources for almost three
years, and while it is never pleasant to lose, resolution will allow COMARCO to
move forward and focus greater efforts in our promising wireless communications
and other government business areas.
"Navy contracting officials have verbally informed us that they intend to
exercise an existing four month option on our contract which is currently
scheduled to end on May 31, 1995. Our effort at China Lake represented
approximately 15% of our revenues and 12% of our operating income in the first
quarter. Most costs associated with this effort are directly attributable to the
contract itself, so there will be few residual costs not reimbursed by the
customer. Our goal is to attempt to maintain our historical profit margin in
this business.
"I want to acknowledge and thank all the employees involved with the
current effort at China Lake," concluded Mr. Bailey. "This was an elongated
solicitation effort, and the support to the customer continued at its same
exceptional level of performance. That is directly attributable to the
professionalism of our staff."
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COMARCO, Inc. (NASDAQ:CMRO) provides wireless communications products,
engineering services, airport management services, software products, and
technology training to the public and private sectors.
