SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 11, 2001
SURGE COMPONENTS, INC.
(Exact name of registrant as specified in its charter)
New York 0-14188 11-2602030
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification Number)
1016 Grand Boulevard
Deer Park, New York 11729
(Address of principal executive offices) (Zip Code)
(631) 595-1818
(Registrant's telephone number, including area code)
Item 9. Regulation FD Disclosure.
Commencing January 15, 2001, and continuing intermittently for four
weeks thereafter, Surge Components, Inc., d/b/a Superus Holdings will embark
upon a series of presentations to financial institutions, broker-dealers, and
industry analysts in both Europe and the United States. The purpose of the
presentation is to introduce the Company and to set forth the Company's
consolidated vision, and the business models of its new subsidiaries,
MailEncrypt, Inc. and SolaWorks, Inc. The meetings are for informational
purposes, and are not in anticipation, nor in support, of an imminent financing.
The Company is planning to have meetings, by invitation only, in Paris, London,
Brussels, Zurich, Geneva, New York, Boston, Chicago, Los Angeles, San Francisco,
and Seattle, in no specific order. Adam J. Epstein, the Company's chairman and
chief executive officer, will present the Company at these meetings.
The presentations will likely cover several principal themes, including:
- The Company is focused upon operating/acquiring companies that
develop and distribute sophisticated core technology solutions -
superstructure - such as components, digital security, messaging, and
resource management;
- The Company is focused principally upon the sub enterprise market
segment in emerging Internet economies;
- The Company's mission is, succinctly, to profitably
develop/distribute affordable, scaleable, and customizable
superstructure;
- Focusing upon superstructure - core building block technologies - is
preferable to reliance upon overly specialized technologies that are
easily supplanted by rapid marketplace advances;
- The Company believes, based upon research by industry leaders, that
focusing upon the sub-enterprise market segment in emerging Internet
economies represents the highest growth opportunity for its
shareholders;
- MailEncrypt's and SolaWorks' reliance upon Application Service
Provider (ASP) business models, utilizing, where appropriate, open
source technologies and standards, provides for faster development,
more affordable solutions, larger markets, and higher gross margins;
- MailEncrypt is a provider of patent-pending, Web-based, encrypted
e-mail utilizing time-tested open encryption standards, that has an
early mover advantage in the United States, and very nearly an "only"
mover advantage in some emerging economies;
- SolaWorks is a supplier of affordable, modular, highly customizable,
Web-based communications and commerce solutions to the sub-enterprise
market segment of Latin America;
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- Surge is a supplier of electronic components (including capacitors
and discrete components) to industries such as computer, wireless
communications, consumer electronics, and automotive with a lengthy
operating history and established supply chain; and
- Surge Components, MailEncrypt, and SolaWorks all have the opportunity
to cross-sell and/or create business opportunities for the other
respective companies.
Other than referring invitees to the financial information contained in
the Company's public filings, the only financial, or projected, information that
will be discussed at the presentations will be:
- MailEncrypt: International Data Corporation ("IDC") predicts
outsourced security services will grow from $6.2B in 1999 to $14.8B
in 2003. IDC further predicts that the number of e-mail boxes will
grow from 452 million in 2000 to 748 million in 2003. MailEncrypt
believes that capturing 0.25% of those mailboxes is attainable by
2003.
- SolaWorks: Based upon research conducted by Gartner Group, SolaWorks
believes by 2003, the market size for SolaWorks ASP solutions in
Latin America will be approximately $2.1 billion annually. SolaWorks
believes that due to its early positioning in this marketplace that
it can capture 2-3% of that market annually.
- Surge: Through three quarters of its 2000 fiscal year, Surge had
experienced tremendous revenue/earnings growth over the prior year
period, and it appears that the conditions for Surge's business
remain favorable.
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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 hereunto duly authorized.
Dated: January 11, 2001 SURGE COMPONENTS, INC.
By: /s/ Adam Epstein
-------------------------------------
Adam Epstein, Chief Executive Officer
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EXHIBIT INDEX
There are no Exhibits to this Current Report on Form 8-K.
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