-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OgTgxJoxD19/ikznCcfKBQv/RIUQCEmQ0Td6pxEwjzOu808y2xyv+ts/8GwzS9T1 MVLztxtmjoN2MhsWPocbxQ== 0000356446-03-000033.txt : 20031110 0000356446-03-000033.hdr.sgml : 20031110 20031110122558 ACCESSION NUMBER: 0000356446-03-000033 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20031110 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20031110 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PURE WORLD INC CENTRAL INDEX KEY: 0000356446 STANDARD INDUSTRIAL CLASSIFICATION: INVESTORS, NEC [6799] IRS NUMBER: 953419191 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-10566 FILM NUMBER: 03987336 BUSINESS ADDRESS: STREET 1: P O BOX 74 STREET 2: 376 MAIN ST CITY: BEDMINSTER STATE: NJ ZIP: 07921 BUSINESS PHONE: 9082349220 MAIL ADDRESS: STREET 1: P O BOX 74 STREET 2: 376 MAIN STREET CITY: BEDMINSTER STATE: NJ ZIP: 07921 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN HOLDINGS INC /DE/ DATE OF NAME CHANGE: 19940411 FORMER COMPANY: FORMER CONFORMED NAME: COMPUTER MEMORIES INC /DE/ DATE OF NAME CHANGE: 19940411 FORMER COMPANY: FORMER CONFORMED NAME: COMPUTER MEMORIES INC DATE OF NAME CHANGE: 19920908 8-K 1 purw8k3rd03.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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) November 10, 2003 Pure World, Inc. ---------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware -------------------------------------------------- (State or other jurisdiction of Incorporation) 0-10566 95-3419191 ----------- ----------------- (Commission File Number) (IRS Employer Identification Number) 376 Main Street, P.O. Box 74, Bedminster, New Jersey 07921 ---------------------------------------------------------------- (Address of Principal Executive Offices, Zip Code) 908-234-9220 --------------------------------------------------- (Registrant's Telephone Number, including area code) Not Applicable --------------------------------------- (Former name of former addresses, if changed since last report) Item 7. Financial Statements and Exhibits (c) Exhibits Exhibit No. Exhibit ----------- ------- 99.1 Press Release of Pure World, Inc. dated November 10, 2003. Item 9. Regulation FD Disclosure (including Item 12. Results of Operations and Financial Condition). On November 10, 2003, Pure World, Inc. issued a press release reporting earnings and other financial results for its third quarter ended September 30, 2003. A copy of the press release is attached as Exhibit 99.1. SIGNATURE Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Pure World, Inc. November 10, 2003 /s/ Sue Ann Merrill ---------------------------- Sue Ann Merrill Chief Financial Officer (Principal Financial and Accounting Officer) EX-99 3 prerel3rd03.txt Exhibit 99.1 November 10, 2003 Direct Inquiries To: Paul O. Koether, Chairman (908) 234-9220 PURE WORLD ANNOUNCES THIRD QUARTER RESULTS ------------------------------------------ BEDMINSTER, NEW JERSEY - PURE WORLD, INC., (PURW-NASDAQ) ("Pure World" or the "Company") today announced that revenues for the third quarter ended September 30, 2003 were $5,286,000, an increase of approximately $955,000 or 22% from revenues of $4,331,000 in the third quarter ended September 30, 2002. Net income for the third quarter of 2003, was $66,000 ($.01 per share) compared to a net loss of $979,000 ($.13 per share) reported during the comparable quarter in 2002. For the nine months ended September 30, 2003, revenues were $17,352,000 with net income of $375,000 ($.05 per share) compared to revenues of $12,262,000 with a net loss of $2,058,000 ($.26 per share) in the same period of the prior year. Pure World has 7,513,624 shares of common stock outstanding. This release contains forward-looking statements which may involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results and performance in future periods to be materially different from any future results or performance suggested by these statements. Pure World cautions investors not to place undue reliance on forward-looking statements, which speak only to management's expectations on this date. The per share earnings in the text of the news release are diluted earnings per share. PURE WORLD, INC. AND SUBSIDIARIES CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2003 AND 2002 (in thousands, except per share data) (UNAUDITED) Three Months Ended Nine Months Ended September 30, September 30, ---------------------- ---------------------- 2003 2002 2003 2002 -------- -------- -------- -------- Revenues: Sales $ 5,283 $ 4,321 $ 17,237 $ 12,196 Net gains (losses) on marketable securities - - - 28 Interest and other income 3 10 115 38 -------- -------- -------- -------- Total revenues 5,286 4,331 17,352 12,262 -------- -------- -------- -------- Expenses: Cost of goods sold 4,094 4,199 13,317 11,075 Selling, general and administrative 1,106 1,110 3,537 3,244 -------- -------- -------- -------- Total expenses 5,200 5,309 16,854 14,319 -------- -------- -------- -------- Income (loss) before income taxes 86 ( 978) 498 ( 2,057) Provision for income taxes 20 1 123 1 -------- -------- -------- -------- Net income (loss) $ 66 ($ 979) $ 375 ($ 2,058) ======== ======== ======== ======== Basic and diluted net income (loss) per share $ .01 ($ .13) $ .05 ($ .26) ======== ======== ======== ========
CONSOLIDATED CONDENSED BALANCE SHEET September 30, 2003 ($000 omitted) (UNAUDITED) Cash and cash equivalents $ 1,350 Accounts receivable, net 3,241 Inventories 7,043 Other 572 --------- Total current assets 12,206 Plant and equipment, net 7,503 Investment in unaffiliated natural products company 1,510 Goodwill 1,144 Other assets 572 --------- Total assets $ 22,935 ========= Current liabilities $ 5,501 Long-term debt 1,140 --------- Total liabilities 6,641 Stockholders' equity 16,294 --------- Total liabilities and stockholders' equity $ 22,935 ========= -----END PRIVACY-ENHANCED MESSAGE-----