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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): December 17, 1999
USTMAN TECHNOLOGIES, INC.
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(Exact name of registrant as specified in its charter)
CALIFORNIA 0-16011 95-2873757
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(State of incorporation) (Commission File Number) (I.R.S. Employer
Identification No.)
12265 W. Bayaud Ave. #110, Lakewood, CO 80228
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (303) 986-8011
Not Applicable
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
USTMAN Technologies, Inc. (OTCBB: USTX) announced today that it has determined
to withdraw its registration statement filed in April 1999 with the Securities
and Exchange Commission. The registration statement was intended to permit
shareholders to acquire additional shares of the Company's common stock at an
anticipated subscription price of $0.25 per share. The Company intends to
formally withdraw this registration statement in the near future. The Company's
principal shareholder, Sagaponack Investors, had agreed to exchange $750,000 of
its unsecured debt for common stock on the same terms as other investors in the
proposed offering. Now the Company and Sagaponack are considering other
alternatives to convert this debt into equity without imposing excessive
dilution on the existing shareholders.
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.
USTMAN TECHNOLOGIES, INC.
Date: December 17, 1999 By /s/ Dan R. Cook
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Dan R. Cook, President
