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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):
December 14, 1995
DAEDALUS ENTERPRISES, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-8193 38-1873250
(State of Incorporation) (Commission File Number) (IRS Employer
Identification No.)
P.O. Box 1869
Ann Arbor, Michigan 48106
(Address of principal executive offices)
(313) 769-5649
(Registrant's telephone number)
Item 5. Other Events
The Registrant's press release dated December 14, 1995 is attached hereto
as Exhibit 99 and incorporated herein by reference.
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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.
DAEDALUS ENTERPRISES, INC.
/s/Thomas R. Ory
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Thomas R. Ory
President
December 14, 1995
INDEX TO EXHIBITS
Exhibit
99 Press Release issued December 14, 1995
Exhibit 99
PRESS RELEASE
For Immediate Release
December 14, 1995
DAEDALUS ANNOUNCES TEMPORARY SUSPENSION OF ITS SEMIANNUAL DIVIDEND
ANN ARBOR, MICHIGAN - Daedalus Enterprises, Inc. today announced a
temporary suspension of its semiannual dividend as part of its plan to
allocate increased financial resources to its growth plan.
The growth plan involves the development of a service business through the
use of the Company's proprietary Airborne Digital Camera Systems for the
mapping of infrastructure within narrow corridors. Examples of the types
of infrastructure that would be mapped with such a system include electrical
distribution systems, railroads, highways and gas pipelines.
Although implementation of the growth plan began in fiscal 1995, Daedalus'
revenue will probably not be affected materially until late in the fiscal
year ending July 31, 1996. If successful, the service business is expected
to reduce fluctuations in the Company's revenue and earnings and enhance the
Company's profitability and shareholder value. The Company is also seeking
partners and additional financing to help bring this service business into
the market more quickly.
Daedalus Enterprises, Inc. is a leading developer and manufacturer of remote
sensing instruments used for environmental measurement and monitoring.
The Company's stock is traded in the over-the-counter market under the
symbol "DDEI".
Contact:
Vincent J. Killewald
or
Thomas R. Ory
(313) 769-5649
