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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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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): April 7, 1999
3DX TECHNOLOGIES INC.
(Exact Name of Registrant as Specified in Charter)
Delaware 0-21841 76-0386601
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
12012 Wickchester, Suite 250, Houston, Texas 77079
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (281) 759-3398
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Item 5. Other Events.
On April 8, 1999, 3DX Technologies Inc. (the "Company")
announced that, as of the close of business on Wednesday, April 7, 1999, the
Nasdaq Stock Market removed the Company's securities from conditional listing on
Nasdaq SmallCap Market ("SmallCap"). Pursuant to an exception, the Nasdaq
Listing Qualifications Panel granted conditional listing of the Company's
securities on the SmallCap effective with the open of business on March 24,
1999. The exception required in part that on or before April 5, 1999, the
Company evidence a minimum closing bid price of $1.00 per share. The delisting
is a consequence of the Company's inability to meet the minimum bid price for
the SmallCap listing. The Company expects immediate quotation of its securities
on the OTC Bulletin Board. A copy of the Company's press release, dated April 8,
1999, is attached hereto as Exhibit 99.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Financial Statements of Businesses Acquired.
Not Applicable.
(b) Pro Forma Financial Information.
Not Applicable.
(c) Exhibits.
The following exhibit is filed with this
Report.
EXHIBIT NO. DESCRIPTION
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99 Press Release of the Company, dated April 8, 1999.
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SIGNATURES
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.
3DX TECHNOLOGIES INC.
Dated: April 8, 1999 By: /s/ Russell L. Allen
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Russell L. Allen
Chief Financial Officer
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EXHIBIT INDEX
Exhibit No. Description
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99 Press Release of the Company, dated April 8, 1999.
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Thursday, April 8, 1999 Contact: Ronald P. Nowak
or Russell L. Allen
281-579-3398
3DX TECHNOLOGIES INC. ANNOUNCES NASDAQ DELISTING
Houston, Texas - 3DX Technologies Inc. (TDXT) today announced that, as of the
close of business on Wednesday, April 7, 1999, the Nasdaq Stock Market removed
the Company's securities from conditional listing on Nasdaq SmallCap Market
("SmallCap"). The delisting is a consequence of the Company's inability to meet
the minimum bid price for the SmallCap listing. The Company expects immediate
quotation of its securities on the OTC Bulletin Board.
3DX Technologies Inc. is a knowledge-based oil and gas exploration company whose
core competence and strategic focus is the utilization of 3-D seismic imaging
and other advanced technologies in the search for commercial quantities of
hydrocarbons.
Certain statements in this news release regarding future expectations and plans
for oil and gas exploration, development and production may be regarded as
"forward looking statements" within the meaning of the Securities Litigation
Reform Act. They are subject to various risks, such as operating hazards,
drilling risks, and other uncertainties inherent in the business of exploring
for, developing and producing oil and gas which may be beyond the Company's
control. These risks are discussed in detail in the Company's Annual Report on
Form 10-K for the year ended December 31, 1998, as well as other filings with
the Securities and Exchange Commission. There can be no assurance that the
Company's exploration activities will be successful in meeting the Company's
expectations.
