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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
AMENDMENT NO. 1
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): SEPTEMBER , 1999
Commission File Number: 033-55254-27
Advanced Lumitech, Inc.
(Exact name of registration as specified in its charter)
Nevada 870438637
(State or other jurisdiction of (IRS Employer Identification No.)
incorporation or organization)
36 Avenue Cardinal - Mermillod, Carouge, Switzerland 1227
(Address of principal executive offices, including zip code)
Registrant's telephone number, including area code: 41-22-301-0360
The undersigned registrant hereby amends and restates Item 7 of its current
report on Form 8-K dated August 14, 1998, so that as so amended and restated
said Item 7 shall read in its entirety as set forth on the following pages.
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Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
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(a) Financial Statements of Business Acquired.
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The financial statements, as of December 31, 1997, for the year
then ended, and for the period from February 7, 1992 to December
31, 1997, of the business acquired, Lumitech, S.A. (a development
stage company) (" Lumitech"or the "Business"), is substantially
the same information as is included in the Form 10-K of Advanced
Lumitech, Inc. for the year ended December 31, 1998. The financial
information is substantially the same since the acquisition was
accounted for as a reverse merger and the legal acquiror (Hyena
Capital) had no operations, assets or liabilities during the
period from February 7, 1992 to August 13, 1998, the date of the
acquisition of the Company. The financial information for
Lumitech, S.A. included in the Form 10-K for the year ended
December 31, 1998 of Advanced Lumitech, Inc. including the audited
consolidated balance sheet as of December 31, 1997, the
consolidated statements of operations, of stockholders' deficit
and cash flows and the related notes for the year ended December
31, 1997, and for the period from February 7, 1992 to December 31,
1997, meet the financial statement disclosure requirements
relevant to the business acquired. Accordingly, separate financial
statements are not necessary.
(b) Pro Forma Financial Information.
--------------------------------
The following unaudited pro forma condensed consolidated financial
statements of the Business are included as Exhibit 99.2 to this
report and incorporated herein by this reference:
Unaudited Pro Forma Condensed Consolidated Statement of Operations
for the six months ended June 30, 1998.
Unaudited Pro Forma Condensed Consolidated Balance Sheet as of
June 30, 1998.
Notes to Unaudited Pro Forma Condensed Consolidated Financial
Information.
The Unaudited Pro Forma Condensed Consolidated Statement of
Operations for the year ended December 31, 1997 is substantially
the same information as is included in Form 10-K of Advanced
Lumitech, Inc. for the year ended December 31, 1998 (see Item 7(a)
above) and, accordingly, is not filed separately.
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
Registrant has duly caused this Amendment report to be signed on its behalf by
the undersigned, thereunto duly authorized.
Dated: September , 1999
ADVANCED LUMITECH, INC.
By: /s/ Patrick Planche
____________________________
Patrick Planche
Chairman of the Board
Chief Executive Officer
Principal Financial Officer
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Exhibit Index
Exhibit No. Description
- ----------- -----------
2.1* Merger Agreement, dated August 12, 1998 by and among Hyena
Capital, Inc., Lumitech, S.A. and Patrick Planche
99.2 The following unaudited pro forma condensed Consolidated
Financial Statements
Unaudited Pro Forma Condensed Consolidated Statement of
Operations for the six months ended June 30, 1998.
Unaudited Pro Forma Condensed Consolidated Balance Sheet as
of June 30, 1998.
Notes to Unaudited Pro Forma Condensed Consolidated
Financial Information.
* Previously filed with the Company's Current Report on Form
8-K dated August 14, 1998 filed on August 14, 1998.
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Exhibit 99.2
UNAUDITED PRO FORMA CONDENSED CONSOLIDATED FINANCIAL STATEMENTS INFORMATION
On August 13, 1998 Hyena Capital, Inc. acquired 100% of the then outstanding
stock common stock of Lumitech S.A. (a development stage company) for
consideration of 4,000,000 newly issued shares of Lumitech S.A. As a result of
the transaction the shareholders of Lumitech S.A. became the majority
shareholders of the combined Company. Concurrent with the acquisition the
combined Company changed its name to Advanced Lumitech, Inc. and effected a 5-
for-1 stock split. The acquisition of Lumitech S.A. is considered a reverse
acquisition. Accordingly, the transaction is accounted for as a recapitalization
and the historical financial statements of Lumitech S.A. are retroactively
restated.
The unaudited pro forma condensed consolidated financial information is based on
the historical consolidated financial statements of Lumitech S.A. effected
for the recapitalization.
The unaudited pro forma condensed consolidated balance sheet as of June 30, 1998
gives effect to the acquisition as if it had been consummated on that date,
while the unaudited pro forma condensed consolidated statement of operations for
the six months ended June 30, 1998 give effect to the acquisition as if it had
been consummated at the beginning of the period. The unaudited pro forma
condensed consolidated financial information is not necessarily indicative of
the financial position or results of operations which would have actually been
reported had the acquisition been consummated as presented, or which may be
reported in the future. The unaudited pro forma condensed consolidated financial
information should be read in conjunction with the Company's Annual report on
Form 10-K for the year ended December 31, 1998 and quarterly reports on Form 10-
Q for the quarters ended September 30, 1998, March 31, 1999 and June 30, 1999
and the financial statements included elsewhere on this Form 8-K/A.
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Advanced Lumitech, Inc.
(A Development Stage Company)
Unaudited ProForma Condensed Consolidated
Statement of Operations
Six months ended June 30, 1998
(in thousands - except per share data)
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------
Historical Pro Forma
- -----------------------------------------------------------------------------------------------------------------------------
Lumitech Hyena Notes Adjustments Combined
- -----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Sales to affiliated company $ - $ - $ -
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-
- -----------------------------------------------------------------------------------------------------------------------------
Cost of sales - - -
- -----------------------------------------------------------------------------------------------------------------------------
Gross profit - - -
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- -----------------------------------------------------------------------------------------------------------------------------
Operating expenses:
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Selling and marketing 14 - 14
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General and administrative 5 - 5
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19 - 19
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Operating loss (19) - (19)
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Interest expense, net 26 - 26
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Net loss $ (45) $ - $ (45)
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Basic and diluted loss per share $ -
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Weighted average shares 25,000,000
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</TABLE>
See notes to condensed consolidated financial statements
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Advanced Lumitech, Inc.
(A Development Stage Company)
Unaudited ProForma Condensed Consolidated
Balance Sheet
June 30, 1998
(in thousands)
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------------------------------
Historical Pro Forma
- -------------------------------------------------------------------------------------------------------------------------------
Lumitech Hyena Notes Adjustments Combined
- -------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Assets
- -------------------------------------------------------------------------------------------------------------------------------
Current assets:
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Cash and cash equivalents $ - $ - $ -
- -------------------------------------------------------------------------------------------------------------------------------
Accounts receivable from affiliated company 63 - 63
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Prepaid expenses and other assets 3 - 3
----------- --------
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Total current assets 66 - 66
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Property and equipment, net 10 - 10
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Total assets $ 76 - $ 76
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Liabilities and stockholders' deficit
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Current liabilities:
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Borrowings under bank line-of-credit $ 385 - $ 385
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Accounts payable and accrued liabilities 417 - 417
----------- --------
- -------------------------------------------------------------------------------------------------------------------------------
Total current liabilities 802 - 802
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Note payable to related party 40 - 40
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Notes payable to directors 318 - 318
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Total liabilities 1,160 - 1,160
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Stockholders' deficit:
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Common stock, $0.001 par value; Authorized; 70 1 A,B,C (45), (1) 25
100,000,000 at June 30, 1998; Issued and
outstanding; 25,000,000 at June 30, 1998
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Additional paid-in capital - 1 A,B,C 45, (1) 45
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Stock subscriptions receivable (35) - (35)
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Deficit accumulated during the development stage (1,263) (2) A,B,C 2 (1,263)
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Cumulative translation adjustment 144 - 144
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Total stockholders' deficit (1,084) - (1,084)
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Total liabilities and stockholders' deficit $ 76 $ - $ 76
- -------------------------------------------------------------------------------------------------------------------------------
</TABLE>
See notes to condensed consolidated financial statements
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NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
BASIS OF PRESENTATION
The acquisition of Lumitech S.A. is considered a reverse acquisition.
Accordingly, the transaction is accounted for as a recapitalization and the
historical financial statements of Lumitech S.A. are retroactively restated
effected for the recapitalization. Hyena Capital, Inc. had no operations, assets
or liabilities for any of the periods for which pro forma financial information
is required.
NOTES TO UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS FOR
THE SIX MONTHS ENDED JUNE 30, 1998
There are no pro forma adjustments to the condensed consolidated statement of
operations for the six months ended June 30, 1998 since the transaction is
considered a recapitalization and there are no pro forma adjustments affecting
the statement of operations.
NOTES TO UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET AT
JUNE 30, 1998
(A) Reflects the issuance of 5,000,000 shares of common stock of the Company.
(B) Reflects the 5-for-1 stock split of the Company.
(C) Reflects the combination of the accumulated deficit of Hyena Capital, Inc.
with the Company and the recapitalization.
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