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) May 13, 2009
TRANSTECH INDUSTRIES, INC.
(Exact name of registrant as specified in charter)
Delaware 0-6512 22-1777533
(State or other (Commission (IRS. Employer
jurisdiction of File Number) Identification No.)
incorporation)
200 Centennial Ave., Piscataway, N.J. 08854
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (732)564-3122
(Former name or former address, if changed
since last report.) Not applicable
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
[] Written communications pursuant to Rule 425 under the
Securities Act.
[] Soliciting material pursuant to Rule 14a-12 under the Exchange
Act.
[] Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act.
[] Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act.
Page 1 of 4 pages
Item 8.01. OTHER EVENTS.
Press Release.
The following is the text of the press release dated May 13,
2009 reporting Transtech Industries, Inc.'s results of operations
for the quarter ended March 31, 2009.
TRANSTECH INDUSTRIES, INC. REPORTS RESULTS
FOR THE QUARTER ENDED MARCH 31, 2009
PISCATAWAY, N.J., May 13, 2009 - Robert V. Silva, President
and Chief Executive Officer of Transtech Industries, Inc. (OTC
BULLETIN BOARD:TRTI) announced the results of operations for the
quarter ended March 31, 2009. The Company's subsidiaries perform
environmental services and generate electric power utilizing
methane gas as fuel.
Revenues for the electricity generation segment for the
quarter ended March 31, 2009 were $111,000 versus $159,000
reported for the period in 2008. The decrease in revenue was due
to a decline in the price received per kilowatt generated. Gross
revenues of the environmental services segment for the period in
2009 and 2008 were $153,000 and $219,000, respectively. The
environmental services were conducted on sites owned or leased by
members of the consolidated group in both quarters and therefore
eliminated in the calculation of net revenues.
The cost of operations for the quarters ended March 31, 2009
and 2008 were $700,000 and $704,000, respectively, and other
income was $139,000 and $121,000, respectively.
No income tax benefits were recognized in the period for
2009 versus $144,000 reported for the period in 2008.
Net loss for the quarter ended March 31, 2009 was $450,000,
or $.15 per share, versus a net loss $280,000, or $.09 per share,
for period in 2008.
The Company and certain subsidiaries previously participated
in the waste recovery and waste management industries. The
Company continues to incur administrative and legal expenses on
matters related to its past participation in those industries.
In addition, the Company may incur significant remediation and
post-closure costs related to sites of past operations.
Presented below are the unaudited consolidated balance sheet
as of March 31, 2009 and comparative consolidated statements of
operations for the quarters ended March 31, 2009 and 2008.
TRANSTECH INDUSTRIES, INC.
AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
As of March 31, 2009
(Unaudited, in $000's)
Assets
Cash and cash equivalents $ 741
Marketable securities 1,999
Restricted escrow accounts 1,050
Other current assets 884
Total current assets 4,674
Restricted escrow accounts 6,005
Other assets 1,978
Total assets $12,657
Liabilities and Stockholders' Equity
Total current liabilities $ 1,989
Income taxes payable 537
Accrued post-closure maintenance 7,232
Other liabilities 7
Stockholders' equity 2,892
Total Liabilities and Stockholders' Equity $12,657
CONSOLIDATED STATEMENTS OF OPERATIONS
(In $000's, except per share data)
For the Quarters
Ended December 31,
2009 2008
Gross Revenues $ 264 $ 378
Less: Eliminations (153) (219)
Net Revenues 111 159
Cost of Operations (700) (704)
Other Income 139 121
Income Tax Benefit - 144
Net Loss $ (450) $ (280)
Loss per common share:
Net Loss $ (.15) $ (.09)
Number of shares used in
calculation 2,979,190 2,979,190
This news release may contain forward-looking statements as
defined by federal securities laws, that are based on current
expectations and involve a number of known and unknown risks,
uncertainties and other factors that may cause the actual
results, levels of activity, performance or achievements to
differ materially from results expressed or implied by this press
release. Such risks and uncertainties include among others, the
following: general economic and business conditions; the ability
of the Company to implement its business strategy; the Company's
ability to successfully identify new business opportunities;
changes in the industry; competition; the effect of regulatory
and legal proceedings. The forward-looking statements contained
in this news release speak only as of the date of release; and
the Company does not undertake to revise those forward-looking
statements to reflect events after the date of this release.
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.
TRANSTECH INDUSTRIES, INC.
(Registrant)
By: /s/ Andrew J. Mayer, Jr.
Andrew J. Mayer, Jr., Vice
President-Finance, Chief
Financial Officer and
Secretary
Dated: May 13, 2009