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: January 18, 1998
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LINDSEY TECHNOLOGIES, INC.
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(Exact name of registrant as specified in its charter)
Colorado 84-1121635
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(State or other jurisdiction (IRS Employer
of incorporation) Identification No.)
3025 South Parker Road, Suite 109
Aurora, Colorado 80014
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(Address of principal executive offices)
Issuer's telephone number, including area code: (303)306-1988
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Item 2. Acquisition or Disposition of Assets
On November 5, 1998, Lindsey Technologies, Inc. ("the Company", "LTI"),
completed a merger with Distributed Quality Corp. ("DQC"), acquiring all of
DQC's issued and outstanding stock in exchange for 540,000 common shares of
LTI valued at $5 per share. Through the merger, LTI acquired contract rights
to a software development package formulated by StellarX, which is a
component based framework, composed of tools and based on Versant Technology.
The development software will help enable the Company to devise its own
quality management information system software. Included in the package
are distribution rights. The Company has recorded the acquired software
at a net value of $2,700,000 based on a combination of cost and fair market
value. The acquisition of DQC has been accounted for as a purchase.
Audited financial statements of DQC and pro forma financials shall be
provided with the Company's December 31, 1998 10-QSB filing.
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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.
LINDSEY TECHNOLOGIES, INC.
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(Registrant)
Date: January 18, 1998 Lionel Mauclaire
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(Signature)
Lionel Mauclaire, President
