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UNITED STATES
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) January 26, 1998
Intek Global Corporation
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(Exact name of Registrant as Specified in Its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
0-9160 04-2450145
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(Commission File Number) (I.R.S. Employer Identification No.)
5800 West Jefferson Boulevard, Los Angeles, California 90016-3187
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(Address of Principal Executive Office) (Zip Code)
(213)870-7665
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(Registrant's Telephone Number, Including Area Code)
Intek Diversified Corporation
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(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events
On March 11,1998, the Registrant issued the press release attached hereto
as Exhibit 99.1 which is incorporated herein by reference.
Item 7. Financial Statements and Exhibits.
EXHIBITS
Exhibit 99.1--Press release dated March 11, 1998, issued by Intek Diversified
Corporation.
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.
Intek Global Corporation
Dated: March 26, 1998 By:/s/ Steven L. Wasserman
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Steven L. Wasserman
Secretary
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EXHIBIT 99.1
Intek Global - Formerly Intek Diversified - Begins Trading as IGLC
PRINCETON, N.J.--(BUSINESS WIRE)--March 11, 1998--Intek Global Corporation
(NASDAQ:IGLC-NEWS), a rapidly growing provider of spectrum-efficient wireless
technology, products and services, said today that it has begun trading under
its new NASDAQ ticker symbol: IGLC. At its annual meeting on February 19,
1998, shareholders approved a change in the company's name from Intek
Diversified Corporation (NASDAQ:IDCC - news) to Intek Global Corporation, which
management and the board believe better describes the scope of the company's
business.
Stockholders and others looking for news stories released prior to March 10,
1998, are advised to check under the company's former ticker symbol: IDCC.
Intek Global operates advanced wireless voice and data communications systems
and develops, manufactures, distributes and licenses wireless communications
technology and products. The company operates Business Radio systems in the
U.S. through its RoameR One(tm) subsidiary, the dominant 220 MHz license holder
in the U.S., with over 250 sites covering 120 markets. Another subsidiary,
Midland USA, Inc., is a leading distributor of Land Mobile Radio (LMR) products
manufactured by the company and others, operating through a well-established
base of authorized dealers and resellers in the U.S. who also market RoameR
One's services.
In the U.K., Intek Global operates Radiocoms, a manufacturer of LMR products
utilizing Intek Global's proprietary, spectrum-efficient Linear Modulation (LM)
technology. Radiocoms also manufactures various radio systems, products and
components under contract to a number of other electronics manufacturers and
distributors. LM technology is a spectrum-efficient, patented narrowband
technology, which can overlay digital and analog radio transmissions and
provide up to a six-fold increase in a system's capacity. LM technology was
developed by the company's Linear Modulation Technology (LMT) subsidiary, a
leading engineering, research and development group, specializing in developing
cost-effective wireless technologies and products for use throughout the world.
LM technology is generally considered to offer the fastest data rate capability
available in trunked radio system technology. Equipment Services Unit (ESU),
another U.K.-based subsidiary of Intek Global, operates wireless Business Radio
networks and provides mobile radio systems equipment, engineering, support and
maintenance services.
Safe Harbor statement under the Private Securities Litigation Reform Act of
1995: This release contains forward-looking statements that are subject to
risks and uncertainties, including, but not limited to, the impact of
competitive products and pricing, product demand and market acceptance,
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reliance on key strategic alliances, fluctuations in operating results and
other risks detailed from time to time in the company filings with the
Securities and Exchange Commission.
Contact:
Intek Global Corporation
Louis J. Monari
609/419-1222 ext. 116
or
The Dilenschneider Group, Inc.
Ken DiPaola or Joel Pomerantz
212/922-0900
