FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 12a-16 or 15d-16 of
the Securities Exchange Act of 1934
August 18, 1998
Commission File No. 0-26498
NUR MACROPRINTERS LTD.
(Exact Name of Registrant as specified in its Charter)
Not Applicable
(Translation of Registrant's Name into English)
5 David Navon Street
Moshav Magshimim
Petah-Tikvah, 49001, Israel
(Address and principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.
Form 20-F [X] Form 40-F [ ]
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes [ ] No [X]
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b).
<PAGE>
Attached hereto and incorporated by reference herein are three press
releases of the registrant dated August 4, 1998, August 4, 1998 and August 14,
1998.
Page 2 of 10
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[Letterhead of Lippert/Heilshorn & Associates, Inc.]
Company Contact: Erez Shachar Contact: Contact: Jody Burfening [ext.304]
President and CEO Lippert/Heilshorn & Associates Inc.
NUR Macroprinters Ltd. 212-838-3777
011-972-3-908-7676 E-mail: [email protected]
E-mail: [email protected]
NUR MACROPRINTERS ANNOUNCES THE APPOINTMENT OF
ROBERT L. BERENSON, PRESIDENT OF GREY - USA, AND
RONI FERBER, TO ITS BOARD OF DERECTORS
Magshimim, Israel, August 4, 1998 - NUR Macroprinters Ltd. (NASDAQ NM:
NURTF), manufacturer of the market-leading NUR Blueboard continuous inkjet
printer, announced today the appointment of Robert L. Berenson, President of
Grey, USA, and Roni Ferber to serve on the company's board of directors. Mr.
Berenson and Mr. Ferber will be replacing Scott Weissman, David Fuchs and Shimon
Alon, who have served on the board since the beginning of 1997.
Mr. Berenson runs Grey Advertising's headquarters office, the largest
advertising agency in New York. He has been with Grey Advertising for twenty
five years, in different positions, managing many of the major accounts of the
company, leading worldwide business policy decisions, and establishing Grey
Advertising's existing market position. Mr. Berenson is renowned for his ability
to consistently develop innovative operating strategies and business
revitalization programs for the client companies with whom he has been
associated.
Mr. Ferber has had a long career in the technology industry in Israel. He
was the co-founder and CEO of Nikuv Computer Systems Ltd., the first Israeli
software company to go public in the Tel Aviv stock exchange. He then moved to
different financial and strategic consulting positions, assisting several
private and public companies in the establishment and implementation of their
business strategy. Mr. Ferber is currently consulting and acting as a director
to companies such as International Software Group Ltd., (NASDAQ: SISGF),
Omnitech Eichut Ltd. and others.
-More-
Page 3 of 10
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NUR MACROPRINTERS, LTD.
PAGE TWO
"We are delighted to have Mr. Berenson and Mr. Ferber on board," commented
Erez Shachar, President and Chief Executive Officer of NUR Macroprinters. NUR is
constantly developing new media applications of outdoor advertising. We believe
that Mr. Berenson's experience and background in the advertising business will
be of great assistance in the identification of new outdoor advertising venues,
media trends, and business opportunities for Nur and its customers. In addition,
Mr. Ferber's experience in steering other Israeli high-tech companies will help
move the company forward."
"We would like to thank David Fuchs, Scott Weissman and Shimon Alon for
the assistance to the company since they joined the board of directors last
year. Shimon Alon has been on the board since the beginning of 1997. Mr. Fuchs
and Mr. Weisman, both senior executives of Josephthal & Co., were appointed to
the board immediately after the change of ownership and management in April
1997. David Fuchs also served as the acting CFO from April to September of
1997. They were instrumental in assisting the Company in the implementation of
its turn-around program.
Today, more than a year after the change of ownership and management, we
believe that the Company will benefit from a broadening of the Board's focus
from strictly financial concerns to include industry and strategic perspectives.
Since April 1997 NUR reported four consecutive record quarters of revenues and
profitability, and we believe the Company has laid a solid foundation on which
to grow in the future."
NUR Macroprinters Ltd. is a world leader in the development, manufacturing,
marketing and servicing of wide-format ink-jet printing systems and consumables.
The company's printers are marketed principally to commercial printers, media
companies, and screen printers for a variety of large format applications, such
as bil1boards, posters, banners and point of purchase displays for advertising
as well as decorations and backdrops for show rooms, fleet graphics, trade
shows, museums and exhibits. NUR printers are installed in over 130 sites
-More-
Page 4 of 10
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NUR MACROPRINTERS, LTD.
PAGE THREE
throughout Europe, North and South America, Africa and Asia.
Certain statements made herein that use the words "estimate" "project" "intend"
"expect" "believe" and similar expressions are intended to identify
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements involve known
and unknown risks and uncertainties which could cause the actual results,
performance or achievements of the Company to be materially different from those
which may be expressed or implied by such statements, including, among others,
changes in general economic and business conditions and specifically, changes in
the level of activity in the automotive industry, decline in demand to the
Company's products, inability to timely develop and introduce new technologies,
products and applications and loss of market share and pressure on prices
resulting from competition. For additional information regarding these and other
risks and uncertainties associated with the Company's business, reference is
made to the Company's reports filed from time to time with the Securities and
Exchange Commission.
###
Page 5 of 10
<PAGE>
[Letterhead of Lippert/Heilshorn & Associates, Inc.]
Company Contact: Erez Shachar Contact: Contact: Jody Burfening [ext.304]
President and CEO Lippert/Heilshorn & Associates Inc.
NUR Macroprinters Ltd. 212-838-3777
011-972-3-908-7676 E-mail: [email protected]
E-mail: [email protected]
NUR MACROPRINTERS ANNOUNCES NEW VICE PRESIDENT FOR
RESEARCH & DEVELOPMENT
-Key Management Appointment Reflects
New Product Development Focus-
Magshimim, Israel, August 4,1998. - NUR Macroprinters Ltd. (NASDAQ NM:
NURTF), manufacturer of the market-leading NUR Blueboard digital inkjet printing
system, today announced that it has appointed Efi Weinreb to be the Company's
new Vice President for Research and Development.
Weinreb most recently held the position of Vice President, Research and
Development at Automedia, a high-technology company dealing with digital video.
Prior to that he served at Scitex Corporation (NASDAQ: SCIXF) for 15 years
where he managed several large-scale R&D projects involving interactive work
stations and pre-press servers.
Commenting on the appointment, Erez Shachar, President and CEO of NUR
Macroprinters Ltd., said, "Efi Weinreb is a highly experienced professional who
is well acquainted with the digital printing industry. Weinreb is an excellent
team leader and brings a wealth of experience and Research and Development
management skills to NUR. As we cross the threshold into the new millenium,
NUR's Research and Development team, under Weinreb's leadership, will actively
utilize the company's technological capabilities and market know-how in
developing exciting new high quality products."
-More-
Page 6 of 10
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NUR MACROPRINTERS, LTD.
PAGE TWO
NUR superwide digital printing systems are used for a broad range of
applications, including fleet graphics and advertising, exhibition and trade
show displays, informational murals and outdoor signage, frontlit and backlit
displays for retail and point-of-purchase windows, airports, hospitals, shopping
centers, courtroom exhibits, sporting events and cinema houses, decorative
construction scaffolding covers, scenery backdrops for theater, television and
film studios and more.
NUR Macroprinters Ltd. is a world leader in the development, manufacturing,
marketing and servicing of wide-format inkjet printing systems and consumables.
The Company's printers are marketed principally to commercial printers, media
companies, and screen printers for a variety of large format applications. NUR
printers are installed in over 130 sites throughout Europe, North and South
America, Africa and Asia.
Certain statements made herein that use the words "estimate" "project" "intend"
"expect" "believe" and similar expressions are intended to identify
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements involve known
and unknown risks and uncertainties which could cause the actual results,
performance or achievements of the Company to be materially different from those
which may be expressed or implied by such statements, including, among others,
changes in general economic and business conditions and specifically, changes in
the level of activity in the automotive industry, decline in demand to the
Company's projects, inability to timely develop and introduce new technologies,
products and applications and loss of market share and pressure on prices
resulting from competition. For additional information regarding these and other
risks and uncertainties associated with the Company's business, reference is
made to the Company's reports filed from time to time with the Securities and
Exchange Commission.
###
Page 7 of 10
<PAGE>
[Letterhead of Lippert/Heilshorn & Associates, Inc.]
NEWS RELEASE
Company Contact: Erez Shachar Contact: Jody Burfening [ext.304]
President and CEO Lippert/Heilshorn & Associates Inc.
NUR Macroprinters Ltd. 212-838-3777
011-972-3-908-7676 E-mail: [email protected]
E-mail: [email protected]
NUR MACROPRINTERS LTD. TO ACQUIRE 26% OF "MEITAL"
TECHNOLOGIES LTD.
Magshimim, Israel, August 14, 1998 - NUR Macroprinters Ltd. (NASDAQ-NMS
Symbol: NURTF) today announced it has informed "Meital" Technologies Ltd. of its
election to convert financing, previously provided by NUR to Meital, into
preferred shares representing 26% of Meital's issued capital on a fully diluted
basis.
Meital Technologies Ltd. is a developer of piezo drop-on-demand printing
technology, located in Israel. Nur Macroprinters has provided Meital with the
financing, which as of June 30,1998, has been fully expended in NUR's accounts.
The financing was provided pursuant to an agreement entered in December 1997,
which granted NUR the right to convert the debt into preferred shares. Following
the conversion, NUR will have the right to appoint two members to Meital's
board, and additional rights and privileges.
Commenting on the acquisition, Mr. Erez Shachar, President and CEO of NUR,
said, "Meital is a very promising technological innovator in the possible
applications of piezo drop-on-demand printing heads to wide format digital
printing. Nur Macroprinters is a world leader in super-wide format digital
printing, and we are constantly seeking to widen our technological base, in
order to bring innovative products into the wide format printing market. Our
decision to acquire equity in Meital is intended to open the way for
co-operation between NUR and Meital.
-More-
Page 8 of 10
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NUR MACROPRINTERS, LTD.
PAGE TWO
We believe that such co-operation will allow us to bring exciting new products
into this rapidly growing market."
Mr. Koby Markowitz, Managing Director of "Meital" commented, "We are
excited about the prospects of co-operation with NUR. Meital has been
concentrating on technological development in the past years. The marketing
capabilities and market position, as well as the technological know-how and
expertise of NUR will be real assets for Meital in the future. We are looking
forward to the future co-operation with NUR in approaching the digital printing
market."
NUR Macroprinters Ltd. is a world leader in the development, manufacturing,
marketing and servicing of wide-format ink-jet printing systems and consumables.
The company's printers are marketed principally to commercial printers, media
companies, and screen printers for a variety of large format applications, such
as billboards, posters, banners and point of purchase displays for advertising
as well as decorations and backdrops for show rooms, fleet graphics, trade
shows, museums and exhibits. NUR printers are installed in over 160
installations throughout Europe, North and South America, Africa and Asia.
Certain statements made herein that use the words "estimate" "project" "intend"
"expect" "believe" and similar expressions are intended to identify
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements involve known
and unknown risks and uncertainties which could cause the actual results,
performance or achievements of the Company to be materially different from those
which may be expressed or implied by such statements, including, among others,
changes in general economic and business conditions and specifically, changes in
the level of activity in the automotive industry, decline in demand to the
Company's products, inability to timely develop and introduce new technologies,
products and applications and loss of market share and pressure on prices
resulting from competition. For additional information regarding these and other
risks and uncertainties associated with the Company's business, reference is
made to the Company's reports filed from time to time with the Securities and
Exchange Commission.
###
Page 9 of 10
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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, thereunto duly authorized.
NUR MACROPRINTERS LTD.
Date: August 18, 1998 By: /s/ Erez Shachar
---------------------------
Name: Erez Shachar
Title: Chief Executive Officer
Page 10 of 10
