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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
Date of Report (Date of earliest event reported): October 26, 1998
ROMTECH, INC.
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(Exact name of registrant as specified in its charter)
Pennsylvania 0-27102 23-2694937
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
2000 Cabot Blvd. West, Suite 110, Langhorne, PA 19047-1833
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (215) 750-6606
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
On October 26, 1998, RomTech, Inc. (the "Company") issued a press release
announcing that its Board of Directors authorized the Company to purchase shares
of its Common Stock in the marketplace. Pursuant to the authorization, the
Company can repurchase up to $1,000,000 of its Common Stock, as described in the
press release attached as Exhibit 99.1 and incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
a. None.
b. None.
c. Exhibits.
99.1 Press Release dated October 26, 1998.
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.
ROMTECH, INC.
By: /s/ Gerald W. Klein
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Gerald W. Klein, President,
Chief Executive Officer and
Chief Financial Officer
Dated: November 2, 1998
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EXHIBIT 99.1
ROMTECH, INC. ANNOUNCES
COMMON STOCK REPURCHASE
LANGHORNE, Pa., Oct. 26, 1998 /PRNewswire/ -- RomTech, Inc. (Nasdaq: ROMT)
today announced that its Board of Directors authorized the Company to purchase
shares of its Common Stock in the marketplace. Pursuant to the authorization,
the Company can repurchase up to $1,000,000 of its Common Stock.
Commenting on the Board's action, Gerald W. Klein, President and CEO said,
"The Board approved the Company's repurchase since it believes that the
Company's stock is undervalued in the marketplace and that purchases will be
beneficial to the Company and will increase shareholder value. The Company
intends to use the shares to be repurchased for reissuance in connection with
the Company's employee stock option plan, which will prevent dilution of
existing shareholders as a result of the exercise of stock options." The shares
will be repurchased from time to time in the NASDAQ SmallCap Market System.
The Company's net income and income per share were $1,135,000 and $.12,
respectively, for the fiscal year ended June 30, 1998. On October 23, 1998,
9,506,200 shares of the Company's Common Stock were issued and outstanding, and
the last sale price of the Common Stock on that date was $1.69 per share.
RomTech, headquartered in Langhorne, Pa., develops, publishes and markets
a diversified line of personal computer software primarily for consumer
entertainment and small office/home office applications. RomTech promotes the
Galaxy of Games(TM), Galaxy of Home Office Help(TM), Game Master Series(TM) and
Galaxy of Arcade(TM) brand names ("Galaxy Software") in order to generate
customer loyalty, encourage repeat purchases and differentiate the Galaxy
Software products to retailers and consumers.
Contact: Gerald W. Klein of RomTech, 215-750-6606, ext. 118. RomTech,
Inc.'s press releases are available through CompanyNews On-Call by fax,
800-758-5804, ext. 127319, or at Company News at http://www.prnewswire.com.
