SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): February 7, 2000
ANALYTICAL SURVEYS, INC.
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(Exact name of Registrant as specified in its charter)
Colorado 0-13111 84-0846389
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
941 Meridian Street, Indianapolis, IN 46204
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(Address or principal executive offices) (Zip Code)
Registrant's telephone number, including area code (317) 634-1000
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(Former name or former address, if changed since last report): Not applicable
<PAGE>
Item 5. OTHER EVENTS
See Exhibit 99 to this Form 8-K.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits. Exhibit 99. Analytical Surveys, Inc. Press Release
issued February 7, 2000
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.
ANALYTICAL SURVEYS, INC.
Date:February 7, 2000 By: /s/ Dr. James T. Rothe
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Dr. James T. Rothe
Chairman of the Board
EXHIBIT 99
Analytical Surveys Chief Financial Officer Vince Otto Resigns
INDIANAPOLIS, Feb. 7 /PRNewswire/ -- Analytical Surveys, Inc., (ASI)
(Nasdaq: ANLT), a leading provider of customized data conversion and digital
mapping services for geographic information systems (GIS) and related "spatial
data" markets, today announced that Vince Otto, chief financial officer, has
resigned. Otto joined ASI as CFO in October of last year.
Sol Miller, chief executive officer, said management is in discussions with
candidates for the CFO position and hopes to select Otto's replacement in the
near term. "We sincerely appreciate Vince's efforts during what has been a
challenging time for the Company. We understand and appreciate his decision to
move on, and we wish him well in his future endeavors."
Miller said ASI's previously announced internal review of its contract
cost-of- completion projections is continuing, and added that management has not
yet determined when the review will be complete or when the results will be
announced.
Analytical Surveys is an industry leader in providing customized data
conversion, digital mapping and consulting services for the spatial data
markets. Geospatial data is used for a variety of applications, including the
creation of geographic information systems (GIS). A GIS is a high-resolution,
large-scale, richly detailed "intelligent map" that allows users to input,
update, query, analyze and display detailed information about a geographic area.
Geographic information systems are widely used by utilities, state and local
governments, federal agencies and commercial businesses to manage massive
infrastructures effectively, to improve operating efficiencies and to analyze
future demand for facilities. The Company's traditional markets have been
utilities and state and local governments. The Company also is expanding its
target markets by offering a broad new range of services.
Certain statements made in this news release are forward-looking statements
within the meaning of the Private Securities Litigation Act of 1995. Results may
differ materially from the Company's expectations. A number of uncertainties and
other factors could cause actual results to differ materially from such
forward-looking statements, including, but not limited to, the possibility that
the Company will not be awarded contracts in the numbers, for the amounts, or at
the time that the Company currently expects, and therefore, that overall
contract volume does not increase. The forward-looking statements are also based
on assumptions related to the growth of the Company's consulting services, as to
which there can be no assurance. A more detailed description of factors that
could affect the Company's financial results are included in the Company's
Annual Report on Form 10-K and other filings with the Securities and Exchange
Commission.
