UNITED STATES
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): July 15, 2004
NuTECH DIGITAL, INC.
(Exact name of Registrant as specified in charter)
California 000-50021 95-4642831
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification Number)
7900 Gloria Avenue
Van Nuys, California 91406
(Address of principal executive offices)
Registrant's telephone number, including area code: (818) 994-3831
This Form 8-K and other reports filed by the Registrant from time to time with
the Securities and Exchange Commission (collectively the "Filings") contain
forward looking statements and information that are based upon beliefs of, and
information currently available to, the Registrant's management as well as
estimates and assumptions made by the Registrant's management. When used in the
Filings the words "anticipate", "believe", "estimate", "expect", "future",
"intend", "plan" or the negative of these terms and similar expressions as they
relate to the Registrant or the Registrant's management identify forward looking
statements. Such statements reflect the current view of the Registrant with
respect to future events and are subject to risks, uncertainties, assumptions
and other factors relating to the Registrant's industry, operations and results
of operations and any businesses that may be acquired by the Registrant. Should
one or more of these risks or uncertainties materialize, or should the
underlying assumptions prove incorrect, actual results may differ significantly
from those anticipated, believed, estimated, expected, intended or planned.
Item 12. Results of Operations and Financial Condition.
On July 15, 2004, the Registrant announced financial results for the
quarter ended June 30, 2004. A copy of the press release is attached hereto as
an exhibit.
Item 7. Financial Statements and Exhibits.
Exhibit 99 Press Release
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.
NuTECH DIGITAL, INC.
By: /s/ Lee Kasper
-------------------------
Lee Kasper, President
Dated: July 15, 2004
NuTech Digital Announces Preliminary Unaudited Second Quarter Revenues
Van Nuys, July 15, 2004 (BUSINESS WIRE) -- NuTech Digital, Inc. (OTCBB: NTDL),
is pleased to announce today its preliminary unaudited second quarter revenues
for the quarter ending June 30, 2004.
NuTech revealed that revenue for its second quarter ended June 30, 2004 will be
in excess of $1.50 million. This figure represents a 60% increase over the same
quarter in 2003, and a 49% increase over the March quarter in 2004.
"We are pleased with our preliminary results. In the June quarter we delivered
the strongest top line in company history. This clearly demonstrates NuTech
Digital is on track to perform up to its strategic plans and continues to make
progress toward achieving profitability," stated Lee Kasper, President of NuTech
Digital, Inc. "NuTech's newly established growth trend should continue for the
remainder of 2004 and into 2005. We believe the record June quarterly results
are at the front end of a major expansion phase. We are implementing additional
growth strategies, which could put us at the beginning of a much steeper growth
curve and allow us to accelerate from June's record level."
About NuTech Digital
NuTech Digital is a leader in Digital Rights Management technology for the
secure Internet distribution of entertainment content. NuTech Digital is a
pioneer in the home entertainment product market, with more than 600 exclusive
DVD titles and a growing library of High Definition music concerts. NuTech
Digital offers original and licensed content via a worldwide network of
distributors, retailers and Internet entities. NuTech Digital also has broadcast
availability, DRM, and video on demand for many of its new products. NuTech
Digital recently introduced its DRM technology, which enables the secure
distribution of high-resolution digital content via the Internet.
(www.nutechdigital.tv http://www.nutechdigital.tv) NuTech' Digital's DRM
platform allows its feature films, concerts, children's animated films, karaoke
software, Japanese animation and late night programming to be accessed via
secure downloads, and included in online subscription services. NuTech Digital
also facilitates authoring services to content providers in the entertainment
industry.
Cautionary Statement
This press release contains forward-looking statements that involve risks,
uncertainties and assumptions that if they never materialize or prove incorrect,
could cause NuTech Digital, Inc.'s results to differ materially from those
expressed or implied by such forward-looking statements. All statements other
than statements of historical fact are statements that could be deemed
forward-looking statements, including any projections of earnings, revenue, or
other financial items, any statements of the plans, strategies, and objectives
of management for future operations, any statements concerning proposed new
products, services or developments, any statements regarding future economic
conditions or performance, statements of belief and any statements of
assumptions underlying any of the foregoing. These statements are based on
expectations as of the date of this press release. Actual results may differ
materially from those projected because of a number of risks and uncertainties,
including those detailed from time to time in NuTech Digital, Inc.'s reports
filed with the Securities and Exchange Commission.
Contact:
NuTech Digital, Inc.
Carmen Castillo
Investor Relations
818-994-3831x10
ccastillo@nutechdvd.com mailto:Carmen@nutechdvd.com
Lee Kasper
NuTech Digital
7900 Gloria Ave.
Van Nuys , Calif 91406
P 818-994-3831 x 12
F 818-994-1575
Trading Symbol: NTDL