UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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: June 8, 2000
Electro-Catheter Corporation
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(Exact name of Registrant as specified in Charter)
New Jersey 0-7578 22-1733406
(State of Incorporation) (Commission File (IRS Employer ID
Number) Number)
2100 Felver Court, Rahway, New Jersey 07065
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(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number
Including Area Code: 732-382-5600
Item 5. Other Events.
Sale of Assets
On May 18, 2000, Electro-Catheter Corporation (the "Registrant"), a
debtor-in-possession in bankruptcy, entered into an Asset Purchase and Sale
Agreement with Merit Medical Systems, Inc. of South Jordan, Utah.
Electro-Catheter Corporation sold all of its tangible and intangible personal
property, including equipment, furniture, patents and other intellectual
property, but specifically excluding its cash and cash equivalents, accounts
receivable, real property, corporate status, corporate name, public corporate
shell, shares of Angiosonics, Inc., leased equipment, rights of NJ Technology
Tax Certificate Transfer Program, life insurance policy on Dr. Robert I.
Bernstein, its avoidance actions under the Bankruptcy Code, any and all causes
of action that accrued prior to May 18, 2000, and FDA 510k approval k854511 and
related goods, which it sold to another party.
The sale price was $625,000 in cash.
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 thereunder duly authorized.
ELECTRO-CATHETER CORPORATION
By: /s/ Ervin Schoenblum
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Ervin Schoenblum
Acting President
Dated: June 8, 2000