United States
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
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 23, 1998
Discas, Inc.
(Exact name of registrant as specified in its charter)
001-13207
Delaware 000-22827 06-1175400
State or other jurisdiction (Commission (IRS Employer
of incorporation File Number) Identification No.)
567-1 South Leonard Street, Waterbury, CT 06708
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (203) 753-5147
(Former name or former address, if changed since last report.)
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FORM 8-K
DISCAS, INC.
Item 5. Other Events
On July 23, 1998, the Company announced the signing of a letter of
intent to merge with privately held Futuramik Industries, Inc. of Hartford,
Connecticut. Futuramik is a custom molder of thermoset and thermoplastic
materials and a manufacturer of proprietary products.
A press release relating to this development is filed herewith as an
exhibit and incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits
(c) Exhibits
(99) Additional Exhibits
(a) Press release of the registrant dated July 23, 1998.
<PAGE>
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.
DISCAS, INC.
(Registrant)
By /s/ Ronald P. Pettirossi
Name: Ronald P. Pettirossi
Title: Chief Financial Officer
Date: July 31, 1998
DISCAS, INC. ANNOUNCES INTENT OF MERGE WITH
HARTFORD BASED FUTURAMIK INDUSTRIES
WATERBURY, CT, July 23, 1998 -- Discas, Inc. (NASDAQ: DSCS) today
announced signing a letter of intent to merge with privately held Futuramik
Industries, Inc. of Hartford, Connecticut. Terms of the transaction were not
disclosed.
Futuramik, established in 1958, is a custom molder of thermoset and
thermoplastic materials and an owner of molds utilized in the manufacturing of
proprietary product lines. The company's manufacturing facility, located in
Hartford, includes sixty machines involved in injection, transfer and
compression molding. Futuramik's diversity of equipment and materials permits
the company to serve a variety of markets including major manufacturers in the
electrical, military, consumer and industrial sectors.
Patrick A. DePaolo, Chairman and CEO of Discas, commented, "The
combination of our companies will approximately double our current revenues,
while creating the potential for many advantages, including substantial cost
savings through manufacturing and operating efficiencies."
Joseph J. Ramondetta, II, President of Futuramik, added, "We are
pleased to be part of this consolidation which will result in a company that
blends custom molding with proprietary product lines and the benefits of a
recycling and materials distribution business."
Discas, Inc. is headquartered in Waterbury, Connecticut and has
production facilities in Connecticut and New Jersey. The Company is a vertically
integrated producer of proprietary plastic and rubber compounds and fabricated
commercial products using a variety of recycled and prime materials. The Company
has extensive expertise in polymer technology, and has commercialized
proprietary formulations used in the manufacturing of products in the footwear,
aeronautic, military, automotive and consumer products sectors. Discas, using
materials secured primarily from industrial waste streams, manufactures high
quality compounds that are used by manufacturers in place of more expensive
virgin plastics. The common stock and warrants of the Company are traded in the
NASDAQ SmallCap Market under the symbols DSCS and DSCSW.
Contacts: Ron Pettirossi, Chief Financial Officer, Discas (203) 753-5147
Mark N. Tyler, T.T. Communications (212) 962-3690
