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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
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Date of Report: May 27, 1997
ADVANCED DEPOSITION TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
333-17653
(Commission
File Number)
Delaware 04-2865714
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(State or other (IRS Employer
jurisdiction of Identification No.)
incorporation)
580 Myles Standish Boulevard
Taunton, Massachusetts 02780
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (508) 823-0707
N/A
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(Former name or former address, if changed since last report.)
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Item 5. Other Events
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The Company issued a press release on May 14, 1997 announcing: A.D. TECH
Inc. makes offer to acquire Foilmark, Inc. A copy of the press release is
attached and filed as Exhibit 99.1 to this Form 8-K and is incorporated herein
by reference as though fully set forth herein.
Item 7. Exhibits
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The following exhibits are filed as part of this report of Form 8-K
pursuant to Item 601 of Regulation S-K.
Exhibit 99.1 - Press Release dated May 14, 1997.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
Advanced Deposition Technologies, Inc. has duly caused this report to be signed
on its behalf by the undersigned thereunto duly authorized.
Date: May 27, 1997 ADVANCED DEPOSITION TECHNOLOGIES, INC.
By: /s/ Mark R. Thomas
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Chief Financial Officer
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Exhibit 99.1
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Press Release dated May 14, 1997
A. D. TECH INC. MAKES OFFER TO ACQUIRE FOILMARK, INC.
TAUNTON, Mass., May 14, 1997 - Advanced Deposition Technologies Inc. (NASDAQ:
ADTC) announced today it has made an offer to purchase all of the stock of
Foilmark, Inc. (NASDAQ: FLMK). The offer was sent to the Board of Directors of
Foilmark, located in Newburyport, Mass. The terms and conditions of the offer
have not been disclosed, except that the offer was made at a premium to the
current market price of Foilmark's Common Stock.
"I believe there are excellent synergies in the technologies and the staff of
both companies," said Glenn J. Walters, president/CEO of A. D. TECH. "Our
award-winning, proprietary PMP process will add significant value to Foilmark's
holographic product line and empower A. D. TECH to vertically integrate into the
expanding and significant market for security holograms. We also have at least
two other acquisition possibilities in other markets we want to pursue."
A. D. TECH expects this matter to be addressed by Foilmark's Board of Directors
in the immediate future.
Foilmark Inc. (NASDAQ: FLMK) manufactures and markets hot foil, holographic
films and related hot stamping equipment. Hot stamping foil is used to emboss
complex attractive designs and logos onto products to improve package
recognition, security and attract consumer attention. It is used on credit
cards, medical devices, ID cards, passports and other consumer items such as:
greeting cards, book covers, wine labels, housewares and sporting goods. For
the fiscal year ended December 31, 1996, Foilmark has revenues of $37.2 million.
Advanced Deposition Technologies, Inc. (NASDAQ: ADTC) is a technology
development corporation committed to commercializing new technologies and
products related to thin films, coatings, dielectric film and vapor depositions.
Currently, the company has product divisions in markets for electronics,
microwave food packaging, security holograms, retroreflective films, and a
product development group. The company either owns or licenses more than 35
patents and has approximately twelve patents pending. A. D. TECH pursues
technology leadership positions in its existing markets and develops new
products for emerging growth industries. On a selective basis, the company
licenses its proprietary technologies and patents to market leaders who can
accelerate the revenue growth of A. D. TECH's unique products and technologies
into large-scale commercialization and markets.
Certain statements contained above are "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. Actual events,
results and/or timing may differ from the events, results and/or timing of
project, estimated, or described above.
