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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 27, 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, 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 27, 1998 the Company announced material business developments.
The Company's Press Release dated July 27, 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 27, 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 27, 1998 By: /S/ JOHN JENKINS
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John Jenkins, President and CEO
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Exhibit 20.1
PRESS RELEASE
TAVA Joint Venture and LADWP Tackle Year 2000 Issues
Englewood, CO - July 27, 1998 - TAVA Technologies, Inc. (NASDAQ - TAVA)
announced today that its joint venture TAVA/R. W. Beck LLC has been selected to
address Year 2000 embedded system issues for the Los Angeles Department of Water
and Power, the largest municipality in the United States. Subject to City
Council review, the LADWP resolved to authorize an agreement with TAVA/R. W.
BeckLLC in an amount not to exceed $9 million for a period of 24 months. The
resolution is a matter of public record.
John Jenkins, TAVA CEO, said: "We are certainly pleased with this major
development at TAVA/R. W. Beck LLC. This demonstrates the kind of leverage our
tool and database approach gives us to address successfully a broad range of
markets. The Los Angeles decision also is a major breakthrough step in the
municipal and utility markets."
TAVA is addressing the Y2K process control layer and embedded system market
in utilities through its joint venture TAVA/R.W. Beck that was announced earlier
this 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.
Information regarding TAVA/R.W. BeckLLC can be obtained at 206.695.4780 or
at www.tavabeck.com. 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, including those of TAVA/R.W. BeckLLC,, 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 Telephone (949) 574-3860
Telephone (303) 771-9794
