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)
June 23, 1998
EXTEN INDUSTRIES, INC.
(Exact name or registrant as specified in its charter)
Delaware 0-16354 52-1412493
(State or other (Commission (I.R.S. Employer
jurisdiction of file number) Identification No.)
incorporation
or organization)
9625 Black Mountain Road, Suite 218, San Diego, California 62126
(Address of principal executive offices) (Zip Code)
9625 Black Mountain Road, Suite 218, San Diego, California 62126
(Mailing Address) (Zip Code)
Registrant's telephone number, including area code:
(619) 578-9784
Item 5. OTHER EVENTS
The Registrant has announced that Mr. Farrest Loper has joined the
board of directors. The board vacancy was due to the unfortunate
recent passing of William Hoelscher.
For the past seven years Loper has been president of Loper &
Associates,a firm providing executive strategic management services,
specializing in turnarounds and growth acceleration. The firm consults
to distribution, manufacturing and service firms. They also consult
to capital-providing firms, for whom they provide business valuation
and due diligence services. As president of Loper & Associates, Loper
has served as president and CEO of T-Systems International, Stripping
Technologies, and Ponsor Corp. In the early 90s, Loper was vice
president/GM of Wavetek's San Diego Operations, and president of
AiResearch Tucson, an Allied Signal aerospace company. For the prior
14 years he held senior executive engineering, manufacturing and
marketing posts with Honeywell.
A copy of the June 23, 1998 Press Release is attached.
Item 7. Financial Statements and Exhibits.
99.1 Press Release.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of
the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the under-
signed, thereunto duly authorized.
EXTEN INDUSTRIES, INC.
(Registrant)
By: /s/ W. GERALD NEWMIN
-----------------------------
Chairman, Chief Executive Officer
and President
Date: June 23, 1998
________________________________________________________________
FOR FURTHER INFORMATION:
- -----------------------------------------------------------------
NEWS
FOR IMMEDIATE RELEASE:
June 23, 1998 CONTACTS:
At Exten Industries, Inc.
W. Gerald Newmin, President
Barbara Corbett,
Marketing Mgr.
(619) 578-9784
After hours:
(619) 455-7205, 423-3737
Farrest Loper Joins Exten Industries Board
SAN DIEGO--(BW HealthWire)--June 23, 1998--W. Gerald Newmin, chairman
and chief executive officer of Exten Industries Inc., announced that
Farrest Loper has joined the board of directors. The board vacancy was
due to the unfortunate recent passing of William Hoelscher.
Mr. Newmin said, ``We welcome Farrest's unique blend of entrepreneurial
and start-up vision and his Fortune 500 trouble-shooting background to
our board at this exciting time in our growth.''
For the past seven years Loper has been president of Loper & Associates,
a firm providing executive strategic management services, specializing
in turnarounds and growth acceleration. The firm consults to distribution,
manufacturing and service firms. They also consult to capital-providing
firms, for whom they provide business valuation and due diligence services.
As president of Loper & Associates, Loper has served as president and
CEO of T-Systems International, Stripping Technologies, and Ponsor Corp.
In the early 90s, Loper was vice president/GM of Wavetek's San Diego
Operations, and president of AiResearch Tucson, an Allied Signal aerospace
company. For the prior 14 years he held senior executive engineering,
manufacturing and marketing posts with Honeywell.
Loper's education includes an MBA update at Harvard Business School
and a Master of Science in Engineering Administration from the University
of South Florida. He has served on non-profit and corporate boards in
the United States, Mexico, Europe and Australia. He is an adjunct professor
for MBA courses in strategic management at National University and the
University of Phoenix.
Exten Industries Inc. is a publicly traded company listed on the Over the
Counter Bulletin Board (symbol EXTI). Through its subsidiary, Xenogenics,
the company is developing a bio-artificial liver device to perform the
equivalent of kidney dialysis for liver patients. The device is currently
in the early phases of testing at Loyola University Medical Center in
Chicago. Headquarters are at 9625 Black Mountain Rd., Ste. 218,
San Diego, CA 92126-4564.
For more information call the contacts listed or e-mail at
[email protected]. Exten's website address is http://www.exten.com.
This news release contains forward-looking statements based on the
company's expectations that are subject to a number of risks and
uncertainties which can be beyond the company's control.
