SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange of 1934
Date of Report November 1, 2001
Integrated Spatial Information Systems, Inc.
(Exact name of registrant as specified in its charter)
Colorado 0-14273 84-0868815
-------- ------- ----------
(State of (Commission (IRS Employer
incorporation) File Number) Identification No.)
19030 East Plaza Drive, Suite 245, Parker, CO 80134
--------------------------------------------- -----
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (720) 851-0716
(Former Name and address, if changed since last report)
1597 Cole Boulevard, Suite 300B, Golden, CO 80401
Item 5, Other Events.
On November 1, 2001 Integrated Spatial Information Solutions, Inc. ("ISIS")
hosted a conference call with shareholders and interested stockbrokers after the
market's close in which it announced preliminary end of year and results. In
that call or in this form 8-K it indicated the following (all numbers are
approximate and subject to change upon audit):
That for the fiscal year ended September 30, 2001, its operating subsidiary,
PlanGraphics, Inc., had gross revenue of approximately $7.7 million (an increase
of approximately 27% over the prior year), EBITDA of approximately $625,000, and
net income of approximately $225,000.
That fourth quarter results for ISIS on a consolidated basis showed improved
results. Operating losses for the quarter were reduced by 60% from the prior
year's fourth quarter to approximately $152,000. Exclusive of a recurring
goodwill amortization charge of $90,000, ISIS approached breakeven, which it
expects to achieve during its 2002 fiscal year.
That ISIS anticipates organic growth rates of 25-35% over its fiscal year 2001
revenue of $7.7 million to result in gross revenue of approximately $9.2 to
$10.2 million for fiscal year 2002.
That if ISIS' shareholder rights offering is entirely subscribed, it expects to
have approximately $1.5 million in cash after costs of the offering and
liquidating the payables and other liabilities indicated in the prospectus.
Forward Looking Statements Warning
This Current Report on Form 8-K contains projections and other forward-looking
statements that involve risks and uncertainties. These statements may differ
materially from actual future events or results. Readers are referred to the
documents filed by ISIS with the Securities and Exchange Commission,
specifically the most recent reports which identify important risk factors that
could cause actual results to differ from those contained in the forward-looking
statements, including potential fluctuations in quarterly results, client
budgetary actions and changes in the economy. The information contained in this
Current Report on Form 8-K is a statement of ISIS' present intention and is
based upon, among other things, industry conditions, market conditions and
prices, the economy in general and ISIS' assumptions. ISIS may change its
intentions, at any time and without notice, based upon any changes in such
factors, in ISIS' assumptions or otherwise. ISIS undertakes no obligation to
release publicly any revisions to any forward-looking statements to reflect
events or circumstances after the date hereof or to reflect the occurrence of
unanticipated events.
By including any information in this Current Report on Form 8-K, ISIS does not
necessarily acknowledge that disclosure of such information is required by
applicable law or that the information is material.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
Integrated Spatial Information Solutions, Inc.
----------------------------------------------
(Registrant)
November 2, 2001 /S/ Fred Beisser
---------------------------------------
(Signature)
Frederick G. Beisser
Vice President - Finance & Administration,
Secretary, Treasurer and Principal
Accounting Officer