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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q/A
[X] QUARTERLY REPORT UNDER SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
For the Quarterly Period Ended June 30, 2001
[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934 For the transition period from ______ to ______.
Commission File No.: 0-20101
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URECOATS INDUSTRIES INC.
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(Exact name of registrant as specified in its charter)
Delaware 13-3545304
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
4100 North Powerline Road, Suite F-1
Pompano Beach, Florida 33021
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(Address of principal executive offices) (Zip Code)
(954)977-5428
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Registrant's telephone number, including area code
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days. Yes [X] No [ ]
Indicate the number of shares outstanding of each of the registrant's
classes of common stock, as of the latest practicable date. As of August 1,
2001, the registrant had 111,759,105 shares of common stock, par value $.01
outstanding.
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URECOATS INDUSTRIES INC.
FORM 10-Q/A
QUARTER ENDED JUNE 30, 2001
INDEX
PAGE
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PART I. FINANCIAL INFORMATION
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ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
AND RESULTS OF OPERATIONS..................................... 3
SIGNATURES................................................................. 4
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PART I. FINANCIAL INFORMATION
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ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
AND RESULTS OF OPERATIONS
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The Company's Form 10-Q for the Quarterly Period Ended June 30, 2001,
filed on August 14, 2001 contained a typographical error regarding the
patent number of the patent approved and granted on August 7, 2001 by the
United States Patent and Trademark Office covering the formula for our
flagship Rubber Sealant Membrane(RSM)(TM), UrecoatsRSM-100(TM) product.
The following paragraph replaces in its entirety the second paragraph
in the overview section in the original disclosure and should be read in
conjunction with our previously reported discussion of our results of
operations and liquidity and capital resources, which should be read in
conjunction with our condensed consolidated financial statements and
related notes thereto appearing elsewhere in that original report.
OVERVIEW
We acquired all right, title and interest in two formulas, including
certain technologies for their manufacture and application pursuant to a
Purchase and Sale Agreement dated October 30, 1997, from Creative Chemical
Company(3C). These technologies form the foundation of our developing line
of products that incorporate recycled materials in their composition. We
refer to products made from these formulas as Rubber Sealant Membranes(RSM)
(TM). The formula of our flagship Rubber Sealant Membrane(RSM) product,
UrecoatsRSM-100(TM), was the subject of a utility patent application filed
with the United States Patent and Trademark Office ("USPTO") on August 19,
1998 and the patent was granted on August 7, 2001, patent number 6,271,305.
We have also filed patent applications for protection of our UrecoatsRSM-100
(TM) in Austria, Belgium, Cypres, Denmark, Finland, France, Germany, Greece,
Ireland, Italy, Luxemburg, Monaco, Netherlands, Portugal, Spain, Sweden,
United Kingdom, Canada, Brazil, and Mexico.
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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.
URECOATS INDUSTRIES INC.
(Registrant)
August 15, 2001 /s/ Timothy M. Kardok
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Date Timothy M. Kardok
President and COO
August 15, 2001 /s/ John G. Barbar
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Date John G. Barbar
Treasurer and CFO
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