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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
December 19, 1997
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Date of Report
(Date of Earliest Event Reported)
TOPRO, INC.
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(Exact name of Registrant as specified in its charter)
Colorado 0-19167 84-1042227
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(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File No.) I. D. Number)
2525 West Evans Avenue, Denver, Colorado 80219
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(Address of principal executive offices) (zip code)
(303) 935-1221
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(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS.
On December 19, 1997 the Company announced material corporate events. The
Company's Press Release dated December 19, 1997, which is filed as Exhibit 20.1
hereto, is incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Not applicable
(b) Not applicable
(c) Exhibits. The following exhibit is filed with this Report:
20.1 Press Release dated December 19, 1997
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 undersigned, thereunto duly authorized.
Topro, Inc.
Date: December 19, 1997 By: /s/ John Jenkins
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John Jenkins
President and CEO
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EXHIBIT 20.1
PRESS RELEASE
TOPRO, INC.
Topro, Inc.
2525 W. Evans Ave.
Denver, CO 80219
BRISTOL-MEYERS SQUIBB COMPANY ENGAGES TOPRO, INC.
IN WORLDWIDE YEAR 2000 PROJECT
December 19, 1997 - Topro Inc. d.b.a. TAVA Technologies, Inc., (NASDAQ: TPRO)
Denver, Colorado, a leading provider of automation and information technology
solutions to industry, today announced that it has signed an agreement with
Bristol-Meyers Squibb Company (NYSE:BMY) to provide Year 2000 tools and
compliance support for all Non-Information Technology systems at
approximately 125 sites worldwide.
The initial stage of services is a pilot plant project at the Bristol-
Meyers Squibb multi-building facility in New Brunswick, NJ. The pilot plant
project has begun and is scheduled for completion by February of 1998.
The intent of Bristol-Meyers Squibb is to roll-out the worldwide
program, covering all sites, shortly thereafter. The worldwide roll-out is
already in the planning stage. The engagement program includes TAVA's Plant
Y2K One-TM- CD-ROM based tools, database access and Millennium services.
"We are pleased to have this opportunity to work with Bristol-Meyers
Squibb. We believe that their approach to Year 2000 compliance, which
contains a strong element of self-execution supported by the Plant Y2K
One-TM- tools, is a great way to move quickly through the critical assessment
stage," said John Jenkins, CEO of Topro, Inc.
James Ham, vice-president, Information Management at Bristol-Meyers
Squibb stated, "We believe we are a leader in addressing year 2000 compliance
throughout our organization. Our relationship with TAVA is an important step
in addressing our Non-Information Technology systems around the world."
Jenkins noted, "Our order and proposal activity for Y2K products and
services continues to grow rapidly. In addition, our base business remains
strong. Total new orders in the company's first half are forecast to exceed
$28 million. We are recruiting, hiring and training staff in all offices on
an accelerated basis to support current and forecast demand."
Jenkins also noted that the Company had completed a 20,000 unit
production run of its Plant Y2K-TM- One CD-ROM on November 20th and has a
third run planned for January.
TAVA (www.tavatech.com) provides factory automation and control systems
integration helping clients in the manufacturing process industries integrate
their processes, applications, hardware and software into seamless
manufacturing enterprises, featuring their Plant Y2K One-TM- CD-ROM which was
released on October 15, 1997. Located in 10 regional offices throughout the
U.S., TAVA has a staff of more than 350.
Statements made in this Press Release that are not historical or current
facts are "forward-looking statements" made pursuant to the safe harbor
provisions of federal securities laws. Forward-looking statements represent
management's best judgment as to what may occur in the future, but are subject
to certain risks and uncertainties that could cause actual results and events
to differ materially from those presently anticipated or projected. Such
factors include adverse economic conditions, entry of new and stronger
competitors, inadequate capital, unexpected costs, failure to integrate
operations of recently acquired subsidiaries and failure to capitalize upon
access of new clientele. Specific risks and uncertainties which may affect
forward-looking statements about the Company's Plant Y2K One-TM- business and
prospects and projected demand include the possibility that a competitor will
develop a more comprehensive or less expensive Y2K solution, and delays in
market awareness of Topro and its product and service solutions. These factors
and others are discussed in the "Management's Discussion and Analysis" section
of the Company's Annual Report on Form 10-KSB for the fiscal year ended June
30, 1997, to which reference should be made.
