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
Date of Report (date of earliest event reported): October 10, 2000
EVTC, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-20986 22-3005943
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
121 S. Norwood Drive, Hurst, Texas 76053
(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code: (817) 282-0022
N/A
------------------------------------------
(Former name or former address, if changed since last report)
Item 1. Changes in Control of Registrant
Not Applicable
Item 2. Acquisition or Disposition of Assets
On October 10, 2000, EVTC, Inc., t/a Environmental Technologies Corp.,
announced that it has terminated a letter of intent regarding the purchase of a
controlling interest in Mercury Waste Solutions, Inc.. A copy of the press
release announcing the mutual termination is attached as an exhibit to this
Current Report.
Item 3. Bankruptcy or Receivership
Not Applicable
Item 4. Changes in Registrant's Certifying Accountant
Not Applicable
Item 5. Other Events
Not Applicable
Item 6. Resignations of Registrant's Directors
Not Applicable
Item 7. Financial Statements and Exhibits
(a) Financial statements of business acquired.
Not Applicable
(b) Pro forma financial information
Not Applicable
(c) Exhibits
99 - Press Release dated October 10, 2000
Item 8. Change in Fiscal Year
Not Applicable
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
EVTC, INC.
By: /s/ David A. Keener
------------------------------------
David A. Keener, President
Dated: October 10, 2000
<PAGE>
EXHIBIT 99
Letter of Intent terminated between Mercury Waste Solutions and
Environmental Technologies Corp.
Hurst, TX - October 10, 2000
EVTC, Inc. t/a Environmental Technologies, Corp. (NASDAQ: EVTC) and Mercury
Waste Solutions, Inc. (NASDAQ: MWSI) jointly announced the termination of a
letter of intent whereby EVTC had agreed to purchase a controlling interest in
MWSI through a friendly tender offer to acquire up to a maximum of 70% of MWSI's
outstanding shares. The letter of intent was terminated primarily due to EVTC's
inability to raise the required capital following the dramatic drop in the per
share price of its common stock and other disagreements on the terms of the
tender offer. There are currently no future discussions planned between EVTC and
MWSI.
EVTC, through its wholly-owned subsidiaries engages in the marketing and sale of
refrigerants, refrigerant reclaiming services, recycling of fluorescent light
ballasts and lamps and, through e-solutions, inc., directly markets business to
consumer services via the internet.
MWSI provides mercury waste recycling services. The Company has sales and
processing facilities in Union Grove, WI, and Roseville, MN; sales and storage
facilities in Marietta, GA and Indianapolis, IN; storage facilities in Albany,
NY and Kenosha, WI; and corporate offices in Mankato, MN.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of
1995: Certain statements contained in this press release are "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements are subject to risks, uncertainties and
other factors that could cause actual results to differ materially from future
results expressed or implied by such forward-looking statements. Investors are
cautioned that any forward-looking statements are not guarantees of future
performance and involve risks and uncertainties and that actual results may
differ materially from those contemplated by such forward-looking statements.
CONTACT: EVTC, Inc. t/a Environmental Technologies, Corp.
Investor Relations
Phone (817) 282-0022
Fax (817) 282-0033
Mercury Waste Solutions, Inc.
Mark Stennes
Phone (507) 345-0523
Fax (507) 345-1483
