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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): March 6, 1998
ITEQ, INC.
(Exact name of registrant as specified in its charter)
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<S> <C> <C>
Delaware 0-27986 41-1667001
(State of Incorporation) (Commission File Number) (IRS Employer Identification No.)
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2727 Allen Parkway, Suite 760
Houston, Texas 77019
(Address of Principal Executive Offices)
713/285-2700
(Registrant's telephone number, including area code)
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Item 7. Financial Statements and Exhibits
Exhibit No. Exhibit
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99.1 Press Release of ITEQ, Inc. dated March 6, 1998.
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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 thereunto duly authorized.
Date: March 9, 1998
ITEQ, Inc.
BY: /s/ Lawrance W. McAfee
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Lawrance W. McAfee
Executive Vice President And
Secretary
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INDEX TO EXHIBITS
Exhibit No. Exhibit
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99.1 Press Release of ITEQ, Inc. dated March 6, 1998.
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ITEQ
NEWS RELEASE
ITEQ Contacts:
Mark Johnson - Chairman and
Chief Executive Officer
Larry McAfee - Executive Vice President and
Chief Financial Officer
(713) 285-2700
ITEQ CONSIDERING ALTERNATIVES
TO MAXIMIZE SHAREHOLDERS' VALUE
HOUSTON, TEXAS March 6, 1998--ITEQ, Inc. (NASDAQ: ITEQ) announced following a
special meeting held today, that the Company's Board of Directors authorized
ITEQ's management and the Company's financial advisors to review strategic
alternatives to maximize long term shareholder value. Management of ITEQ has
retained the investment banking firms Prudential Securities and Deutsche Morgan
Grenfell to assist them in performing this review and implement the resultant
action plans.
Mark Johnson, ITEQ's Chairman and Chief Executive Officer stated "The Company
has strong business prospects and has had an excellent growth rate over the past
four years, which have exceeded the industry, suggesting a valuation in excess
of that currently reflected in the stock price. We intend to pursue all
financial and strategic alternatives to assure that we are doing everything
possible to maximize our shareholders' value."
ITEQ, Inc. is a rapidly growing provider of manufactured equipment, engineered
systems and services used in the processing, treatment, storage and movement of
gases and liquids. The Company operates worldwide providing products and
services to a broad base of industrial customers.
This press release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. All forward-looking
statements are subject to certain risks, uncertainties and assumptions. These
risks and uncertainties, which are more fully described in ITEQ's Annual and
Quarterly Reports filed with the Securities and Exchange Commission, include
changes in market conditions in the industries in which the Company operates.
Should one or more of these risks or uncertainties materialize, or should the
assumptions prove incorrect, actual results may vary in material aspects from
those currently anticipated.
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2727 Allen Parkway, Suite 760 Houston, Texas 77019
Phone: 713.285.2700 Fax: 713.522.1759
