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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 7, 1998
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Date of Report
(Date of Earliest Event Reported)
TAVA TECHNOLOGIES, 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)
7887 E. Belleview Avenue, Suite 820
Englewood, CO 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 7, 1998 the Company announced certain business developments in a
Press Release dated July 7, 1998, which is filed as Exhibit 20.1 hereto and
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 7, 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 7, 1998 By: /s/ John Jenkins
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John Jenkins, President and CEO
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EXHIBIT 20.1
PRESS RELEASE
TAVA TECHNOLOGIES, INC.
TAVA TECHNOLOGIES AWARDED CONTRACTS FROM POLAROID
AND MAJOR PHARMACEUTICAL COMPANY
Englewood, CO - July 7, 1998 - TAVA Technologies, Inc. (Nasdaq: TAVA) a global
supplier of integrated manufacturing systems, reported today that it has reached
agreement with the Polaroid Corporation (NYSE: PRD) and a major Fortune 500
pharmaceutical company to provide TAVA's Plant Y2k One-TM- tools and services to
address year 2000 readiness in process control and factory automation.
The Polaroid contract covers 11 facilities around the world.
The contract with the pharmaceutical company covers 26 plants with national and
international locations and has an estimated value of more than $3,000,000
through the inventory and assessment stage only. Tools and database reports
make up more than 85% of the initial contract value. Services will be billed on
a time and expense basis as work is executed.
TAVA (www.tavatech.com) provides factory automation and control systems
integration, helping clients in the manufacturing and process industries
integrate their processes, applications, hardware and software into seamless
manufacturing enterprises. Located in 11 regional offices throughout the U.S.,
TAVA has a staff of more than 400.
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. Specific risks and uncertainties which may affect forward-looking
statements about the Company's Plant Y2K One-TM- business and prospects include
the possibility that a competitor will develop a more comprehensive or less
expensive Y2K solution, failure to meet increased staffing needs 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 SEC, to which reference should be
made.
Contacts:
TAVA Technologies, Inc. Pacific Consulting Group, Inc.
John Jenkins, CEO Scott Liolios
Douglas H. Kelsall, CFO Telephone: (714) 574-3860
Telephone: (303) 771-9794
