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
May 26, 1999
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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.
TAVA Technologies, Inc. and Mangan, Inc. have agreed to terminate their
letter of intent relating to TAVA's acquisition of Mangan, Inc. The companies
are continuing to jointly address market opportunities.
TAVA management attributes the decision to terminate the proposed
acquisition to: initial delays in TAVA's ability to secure financing to fund the
acquisition; and the difficulty of dealing in a purchase transaction, with
uncertainties caused by a lawsuit, relating to an industrial accident, in which
Mangan was named as a party; coupled with general complications created by the
currently proposed acquisition of TAVA by Real Software.
The parties are negotiating concerning a possible right of first refusal
granting TAVA the right to match any other purchase offer Mangan receives within
a specified period.
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: May 26, 1999 By: /s/ John Jenkins
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John Jenkins, President and CEO
