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
September 17, 1997
Date of Report (Date of earliest event reported) ______________________________
DIGITAL COMMUNICATIONS TECHNOLOGY CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware
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(State or other jurisdiction of incorporation)
1-13088 65-0014636
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(Commission File Number) (IRS Employer Identification No.)
16910 Dallas Parkway, Suite 100, Dallas, Texas 75248
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(Address of principal executive offices) (Zip Code)
(972) 248-1922
Registrant's telephone number, including area code __________________________-
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(Former name or former address, if changed since last report)
ITEM 5. Other Events.
On September 17, 1997, the Registrant announced that its Ft. Lauderdale, Florida
duplication operation had been shut down. The full text of the news release
announcing this event is included in exhibit 99 attached hereto.
SIGNATURE
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.
DIGITAL COMMUNICATIONS TECHNOLOGY CORPORATION
By: /s/ Kevin B. Halter
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Kevin B. Halter, Chairman of the Board
Dated: September 25, 1997
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EXHIBIT INDEX
Exhibit
Number
99 News Release of Registrant dated September 17,1997: "Digital Communications
Technology Corporation Consolidates Operations"
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FOR IMMEDIATE RELEASE
CONTACT: Kevin LeBlanc, Director, Investor Relations (972) 248-1922
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Digital Communications Technology Corporation
16910 Dallas Parkway - Suite 100 - Dallas, Texas 75248
NEWS RELEASE
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DIGITAL COMMUNICATIONS TECHNOLOGY CORPORATION CONSOLIDATES OPERATIONS
DALLAS, TEXAS - Sept. 17, 1997 - Digital Communications Technology Corporation
(AMEX: DCT) announced today that its Ft. Lauderdale, Florida duplication
operations have been shut down and have been consolidated with its operations in
Indianapolis, Indiana. The Florida facilities were housed in two small buildings
with a total of 22,000 square feet. All operations are now conducted at the
company's new facilities in Indianapolis comprised of over 172,000 square feet.
One of the buildings in Ft. Lauderdale, a 12,000 square foot facility which was
owned by the Company has been sold. The other building, a leased facility, will
be sublet to a new tenant.
Additionally the Company announced that it has terminated the operations of its
DCT Satellite division, which was also located in Ft. Lauderdale.
Commenting on the changes, Cliff Patton, President of the Company stated that
"The Florida operations of the Company have not been profitable during the past
two years, and based upon current business, we have projected a further $700,000
loss for the current fiscal year. By consolidating our operations at our new
large facility in Indianapolis, we can save substantially on overhead, and the
management of one facility versus two will create a lesser burden." Mr. Patton
further stated that "The operations of the Satellite division were also
carefully reviewed and what it had contributed in financial terms to the
Company. It was management's conclusion that the elimination of this very small
operation will contribute positively to the overall operations of the Company,
allowing management to concentrate and place all of its efforts on the video
tape duplication business".
Digital Communications Technology Corporation is an integrated communications
company comprised of one operating division and one subsidiary. DCT Video
Services is primarily engaged in large quantity duplication of prerecorded
videocassettes. DCT-Internet Corporation provides the DCT-On-Line Trading
SystemSM services, as well as professional website design, maintenance and
hosting services on behalf of corporate clients worldwide.
DCT-On-Line Trading System is a service mark of Digital Communications
Technology Corporation.
* * * * * * *
The information in this news release includes certain forward looking statements
that are based upon assumptions that in the future may prove not to have been
accurate and are subject to significant risks and uncertainties, including
statements to the future financial performance of the Company. Although the
Company believes that the expectations reflected in its forward looking
statements are reasonable, it can give no assurance that such expectations or
any of its forward looking statements will prove to be correct. Factors that
could cause results to differ include, but are not limited to, successful
performance of internal plans, product development and acceptance, the impact of
competitive services and pricing, general economic risks and uncertainties.
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