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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
July 20, 1998
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Date of Report
(Date of Earliest Event Reported)
TAVA TECHNOLOGIES, INC.
(Exact name of Registrant as specified in its charter)
Colorado 0-19167 84-1042227
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(State or other jurisdiction (Commission (I.R.S. Employer
incorporation or organization) File No.) I. D. Number)
7887 E. Belleview Avenue, Suite 820
Englewood, Colorado 80111
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(Address of principal executive offices) (zip code)
(303) 771-9794
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(Registrant's telephone number, including area code)
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Item 5. Other Events.
On July 20, 1998 the Company announced material
business developments. The Company's Press Release dated July 20, 1998, 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 July 20, 1998.
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.
TAVA Technologies, Inc.
Date: July 20, 1998 By: /s/ John Jenkins
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John Jenkins, President and CEO
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Exhibit 20.1
PRESS RELEASE TAVA/ R.W. BECK
SIGNS TEAMING AGREEMENT
Englewood, CO/ July 20, 1998/ TAVA Technologies (NASDAQ:TAVA) a global
supplier of integrated manufacturing systems, today announced it's joint
venture, TAVA/R.W. Beck recently signed a teaming agreement with Y2K Africa,
itself a joint venture of Kutlwano Engineering Consulting and Technology Service
International, a subsidiary of Eskom, the state utility of South Africa.
Y2K Africa will apply the TAVA/R.W. Beck Utility Y2K(TM) products and
services to electric, gas, water, and wastewater utilities in South Africa and
throughout the continent.
As general update on its efforts in the power utility industry, TAVA
provided the following:
TAVA is addressing the Y2K embedded system market in utilities through its
joint venture TAVA/R.W. Beck that was announced earlier this year. From its
inception in March of 1998, TAVA/R.W. Beck, has executed agreements with 11 U.S.
clients covering more than 40 sites. These include both independent power
producers and public utilities. The venture is experiencing a strong increase in
demand for its utility Y2K products and services and expects to add several
additional large clients in the next three weeks.
John Jenkins, TAVA CEO said, "TAVA/R.W. Beck is seeing an acceleration in
demand that is similar to that we are experiencing at TAVA across general
industry. While some utilities are already on top of the Y2K embedded system
issue, in general, the industry is only in the early stages of dealing with the
problem."
Jenkins added, "Our joint venture approach gives us the additional resource
bandwidth and subject matter expertise necessary to address this market on a
global basis. The Y2K Africa development is just one example of a leveraged
opportunity. Eskom is a respected world leader in power generation technology
and resource management, and is a very large fossil and nuclear power producer."
Doug Kelsall, TAVA CFO stated, "While we expect no material contribution
from the venture in our fiscal 1998 fourth quarter completed June 30, we look
forward to a solid positive contribution beginning in our first quarter of our
1999 fiscal year."
TAVA (www.tavatech.com) provides factory automation and control systems
integration helping clients in manufacturing and process industries integrate
their processes, applications, hardware and software into seamless manufacturing
enterprises. Located in 14 regional offices throughout the U.S., TAVA has a
staff of more than 480.
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, and failure to capitalize upon access to
new clientele. Additional risks and uncertainties which may affect
forward-looking statements about the Company's Y2K One business and prospects
include the possibility that a competitor will develop a more comprehensive or
less expensive Y2K solution, and delays in market awareness of TAVA 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 and in subsequent reports
filed with the Securities and Exchange Commission, to which reference should be
made.
Contacts:
TAVA Technologies, Inc. Pacific Consulting Group, Inc.
John Jenkins, CEO Scott Liolios
Doug Kelsall, CFO (949) 574- 3860
(303) 771-9794
