U.S. 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): JULY 2, 1999
ROCHEM ENVIRONMENTAL, INC.
(Exact Name of Registrant as Specified in Charter)
UTAH
(State or Other Jurisdiction of
Incorporation or Organization)
0-23226 76-0422968
(Commission File Number) (I.R.S. Employer Identification No.)
610 N. MILBY STREET, HOUSTON, TEXAS 77003
(Address of principal executive offices including zip code)
(713) 224-7626
(Registrant's telephone number, including area code)
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ITEM 1. CHANGES IN CONTROL OF REGISTRANT
Inapplicable.
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
Inapplicable.
ITEM 3. BANKRUPTCY OR RECEIVERSHIP
Inapplicable.
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
Inapplicable.
ITEM 5. OTHER EVENTS
Rochem Environmental, Inc. has been treating waste water generated by a
hydrodrilling process at the Chevron refinery in Pascagoula, Mississippi.
Another contractor has provided the hydrodrilling service. In order to
streamline their contracting, Chevron decided to combine both of these
activities under one contract and offered it for bids. The Company was
notified on July 2, 1999 that it was not selected as the final contractor
for both the hydrodrilling and waste water treatment service. Therefore,
as of August 1999, the Company will no longer provide these services,
which has been a significant source of revenue for the Company.
For the fiscal year ended September 30, 1997, the Company's revenue
totaled $1,427,202 of which $768,738 was generated by service work at the
Chevron refinery. For the fiscal year ended September 30, 1998, the
Company's revenue totaled $1,427,257 of which $772,539 was generated by
service work at the Chevron refinery. For the six months ended March 31,
1999 revenue generated by the service work at the Chevron refinery was
$400,777 of the total revenue of $1,083,482.
The Company is in negotiations for several contracts that range in value
from $250,000 to $4,500,000 that the Company believes will be finalized in
the near future and which are expected to generate sufficient cash flows
to continue to fund operations and meet working capital needs during
Fiscal 1999. Management can provide no assurance these negotiations will
result in firm contracts.
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ITEM 6. RESIGNATIONS OF REGISTRANT'S DIRECTORS
Inapplicable.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
Inapplicable.
ITEM 8. CHANGE IN FISCAL YEAR
Inapplicable.
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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.
ROCHEM ENVIRONMENTAL, INC.
By: /s/ ERICK J. NEUMAN
Erick J. Neuman
President, Chief Executive Officer,
Chief Financial Officer, Principal
Accounting Officer and Secretary
DATE: July 13, 1999
