SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report: November 4, 1998
OZO DIVERSIFIED AUTOMATION, INC.
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(Exact name of Registrant as specified in its charter)
Commission file number: 0-16335
Colorado 84-0922701
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(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification Number)
7450 East Jewell Ave, Suite A, Denver, Colorado 80231
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(303) 368-0401
not applicable
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former name or former address, if applicable
Item 5. Other Events.
On November 4, 1998, OZO Diversified Automation, Inc. (OTCBB: "OZOA")
executed an agreement with JOT Automation, Inc., a wholly-owned Texas-based
subsidiary of JOT Automation Group Oyj ("JOT Parent"), a Finnish corporation
which has its common stock registered on the Helsinki Stock Exchange. JOT
Automation, Inc. (referred to as "JOT Sub") is engaged in the business of
production automation and robotics for use within the electronics industry.
The Company proposes to sell to JOT Sub all of its assets relating to its
routing and depaneling business in exchange for $920,000 and the assumption
of the operating liabilities related to the Company's business assets (the
"Transaction"). Following the completion of the Transaction, JOT Sub will
license the transferred technology to the Company for use in the bio-medical
and bio-technical fields. The Company is preparing a proxy statement by
which it will solicit shareholder approval of the Transaction. As a
requirement for the completion of the transaction, the Company will change
its name to RMMR, Inc. Depending on various factors, the Company hopes to
seek shareholder approval at a meeting to be held on December 30, 1998. In
addition to the Company's shareholder approval of the Transaction, the
completion of the Transaction is subject to normal closing conditions.
The future conduct of the Company's business is dependent upon a number
of factors and there is no assurance that the Company will be able to
conduct its operations as contemplated in this report. Certain statements
contained in this report using the terms "may", "expects to", and other terms
denoting future possibilities, are forward-looking statements. The accuracy
of these statements cannot be guaranteed as they are subject to a variety of
risks which are beyond the Company's ability to predict or control. These
risks may cause actual results to differ materially from the projections or
estimates contained in this report. These risks include, but are not limited
to, the possibility that the described operations or other activities will
not be completed on economic terms, if at all. The research and development
of technology products is an enterprise attendant with high risk. There can
be no assurance that the Company will succeed in successfully developing a
product in the bio-medical or bio-technical fields, and it is important that
each person reviewing this report understands the significant risks which
accompany the establishment of the completion of the Transaction and the
conduct of the Company's future operations.
Item 7. Financial Statements and Exhibits
(A) and (B) Financial Statements
None
(C) Exhibits
(1) Asset Purchase Agreement dated November 4, 1998
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
OZO DIVERSIFIED AUTOMATION, INC.
November 23, 1998 By: David J. Wolenski
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David J. Wolenski, President