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
February 13, 1997
Date of Report (Date of earliest event reported)
ANALYTICAL SURVEYS, INC.
(Exact name of registrant as specified in its charter)
COLORADO
(State of incorporation)
0-13111
(Commission File Number)
084-846389
(IRS Employer Identification No.)
1935 Jamboree Drive
Colorado Springs, Colorado 80920
(Address of principal executive offices)
(719)-593-0093
(Registrant's telephone number)
Item 5. Other Events
The following press release was issued on February 13, 1997:
ANALYTICAL SURVEYS ANNOUNCES 6.1 MILLION IN NEW CONTRACTS
Company Anticipates Additional $4.2 Million Order In Coming Weeks
COLORADO SPRINGS, Colorado -- Analytical Surveys, Inc. (ASI) (Nasdaq National
Market-ANLT), a leading provider of digital mapping and Geographical Information
Systems (GIS) database services, today announced it has received 6 new contracts
collectively valued at 6.1 million. The contracts, five of which are from new
customers, have elevated ASI's backlog to 35 million.
Management also said the Company has been selected by Fairfax County, Virginia
to perform a $4.2 million project and expects to sign the contract in the coming
weeks. The value of the project will be added to backlog once the contract is
signed. The project will include planimetric and topographic mapping, digital
orthophotographs and parcel mapping.
The 6 new contracts, which range in value from $100,000 to $3.3 million, call
for a wide variety of GIS services and involve each of ASI's three business
units. The contracts will be performed for customers in both domestic and
international markets.
"We are very pleased with the mix of new business we have received," said Sidney
V. Corder, CEO. "This series of contracts is representative of our strategic
objective to capture new business in both domestic and overseas markets."
Following are ASI's contracts and the services to be provided for each.
Customer Name Services
------------- --------
Electrical Systems Consultants City of Danvers, Massachusetts
Fort Collins, Colorado planimetric and topographic mapping
digital orthophotographs in support of
electrical utility engineering program.
Fond du Lac County, Wisconsin cadastral parcel mapping
Fond du Lac, Wisconsin
Forsyth County, North Carolina planimetric and topographic mapping
Winston-Salem, North Carolina digital orthophotographs
Henry County, Georgia planimetric and topographic mapping
McDonough, Georgia digital orthophotographs
Wisconsin Power & Light electric facilities data updating
Madison, Wisconsin
Yorkshire Electricity electric facilities data conversion
Leeds, England
Analytical Surveys is America's technology leader in providing data conversion
services and products for municipal, utility, government and commercial
customers. ASI specializes in converting paper based maps, aerial photography
and other information formats into digital form using technologies such as
photogrammetry and digital orthophotography. The resulting digital mapping
systems allow ASI's customers to easily access, analyze and make alterations to
GIS data on computers.
Statements made in this news release that are not historical facts may be
forward looking statements. Actual results may differ materially from those
projected in any forward looking statement. There are a number of important
factors, including normal contract and specification negotiation, that could
cause actual results to differ materially from those anticipated by any forward
looking information. A description of risks and uncertainties attendant to
Analytical Surveys and its industry and other factors which could affect the
Company's financial results are included in the Company's Securities and
Exchange Commission Annual Report on Form 10-KSB.
* * * End of Press Release * * *
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 thereunto duly authorized.
Analytical Surveys, Inc.
(Registrant)
Date February 13, 1997 /s/ Scott C. Benger
------------------------
Scott C. Benger, Secretary/Treasurer
