UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
____________________________________________________
FORM 8-K/A
AMENDMENT NO. 2
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 9, 2004
ENTECH ENVIRONMENTAL TECHNOLOGIES INC.
(Exact name of registrant as specified in its charter)
FLORIDA
(State or other jurisdiction of incorporation or organization)
000-32249 98-0222013
(Commission File Number) (IRS Employer Identification No.)
8513 ROCHESTER AVENUE, RANCHO CUCAMONGA,
CALIFORNIA 91730
(principal executive offices) (Zip Code)
(909) 912-0828
(Registrant's telephone number, including area code)
ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE.
THIS AMENDED CURRENT REPORT ON FORM 8-K/A CONTAINS STATEMENTS REGARDING THE
COMPANY'S INTENTION, BELIEFS, EXPECTATIONS, OR PREDICTIONS, WHICH CONSTITUTE
FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS AND STATEMENTS OF
EXPECTATIONS, PLANS AND INTENT ARE SUBJECT TO A NUMBER OF RISKS AND
UNCERTAINTIES. ACTUAL RESULTS IN THE FUTURE COULD DIFFER MATERIALLY FROM THOSE
DESCRIBED IN THE FORWARD-LOOKING STATEMENTS, AS A RESULT, AMONG OTHER THINGS, OF
CHANGES IN TECHNOLOGY, CUSTOMER REQUIREMENTS AND NEEDS. WE UNDERTAKE NO
OBLIGATION TO RELEASE PUBLICLY THE RESULTS OF ANY REVISIONS TO THESE
FORWARD-LOOKING STATEMENTS THAT MAY BE MADE TO REFLECT ANY FUTURE EVENTS OR
CIRCUMSTANCES.
Today, Entech Environmental Technologies, Inc. (the "Registrant")
terminated the letter of intent to acquire Environ Holdings, Inc. a Pennsylvania
corporation ("Environ"). Environ and the Registrant were unable to agree on
mutually beneficial terms, and the planned acquisition of Environ by the
Registrant was rescinded by means of an agreement between the parties.
As a result of the rescission of the Environ acquisition, the Registrant is
presently seeking alternative sources of financing to meet its short term
liquidity needs, including deferment of executive payroll, private investors and
short term borrowing from related parties.
To realign costs with revenues, management has reduced spending by $3
million. The Registrant's board of directors also announced the departure of
Steven Rosenthal, CEO and Robert Christie, COO. Remaining management has cut
salaries and perquisites to focus on executing the profit plan. In addition, the
Registrant has closed marginal operations and intends to consolidate facilities
in further cost saving efforts. With the new and revitalized business strategy,
the Registrant looks forward to higher profits in construction, maintenance,
testing, filtration, as well as the first to market constant vacuum monitoring
system (CVMS).
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) Financial Statements.
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None.
(b) Exhibits.
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None.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Current Report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: August 12, 2004
ENTECH ENVIRONMENTAL TECHNOLOGIES INC.
By /s/ Douglas Parker and Burr Northrop
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Douglas Parker and Burr Northrop, Co-Presidents
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