-----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, OfoADtYmHGmOGitY6xyx2L0Anc+y4CBUPAd8Yy36bV9Wo08HYtVstxY2LXcIpLEJ BzeV5v+WBQBkPjvqIVw1Lg== 0001104659-03-014768.txt : 20030715 0001104659-03-014768.hdr.sgml : 20030715 20030715125953 ACCESSION NUMBER: 0001104659-03-014768 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030714 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20030715 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CREATIVE COMPUTER APPLICATIONS INC CENTRAL INDEX KEY: 0000712815 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] IRS NUMBER: 953353465 STATE OF INCORPORATION: CA FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13268 FILM NUMBER: 03786760 BUSINESS ADDRESS: STREET 1: 26115 A MUREAU RD CITY: CALABASAS STATE: CA ZIP: 91302 BUSINESS PHONE: 8188806700 MAIL ADDRESS: STREET 1: 26115 A MUREAU ROAD CITY: CALABASAS STATE: CA ZIP: 91302 8-K 1 a03-1086_18k.htm 8-K

 

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):

July 14, 2003

 

 

CREATIVE COMPUTER APPLICATIONS, INC.

(Exact name of Registrant as specified in its charter)

 

California

(State or other jurisdiction of

incorporation or organization)

 

0-12551

 

95-3353465

(Commission File No.)

 

(IRS Employer Identification Number)

 

 

26115-A Mureau Road, Calabasas, California

 

91302

(Address of principal executive offices)

 

(Zip Code)

 

 

Registrant’s telephone number

 

 

including area code

 

(818)  880-6700

 

 

 



 

ITEM 7.

 

Exhibits

 

 

 

 

 

(c)           Exhibits

 

The following exhibit is filed as part of this Current Report on Form 8-K:

 

 

Exhibit No.

 

Title

 

 

 

99.1

 

 Creative Computer Applications, Inc. Press Release, issued April 11, 2003

 

 

Item 9.                     Regulation FD Disclosure

 

The information furnished under this Item 9 (“Regulation FD Disclosure”) is intended to be furnished under Item 12 (“Results of Operations and Financial Condition”).  The information in this Current Report on Form 8-K and the Exhibit attached hereto, shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific release in such a filing.

 

On July 14, 2003, Creative Computer Applications, Inc. issued a press release announcing its operating and financial results for the third fiscal quarter and nine months ended May 31, 2003.  A copy of the Press Release is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

 

Except for historical information contained in the press release attached as an exhibit hereto, the press release contains forward-looking statements, which involve certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied by these statements.  Please refer to the cautionary note in the press release regarding these forward-looking statements.

 

SIGNATURE

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

 

 

 

 

 

 

CREATIVE COMPUTER APPLICATIONS, INC.

 

 

 

 

 

 

(Registrant)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/ Steven M. Besbeck

 

 

 

 

 

 

 

Steven M. Besbeck, President, Chief

 

 

 

 

 

 

 

Executive Officer, Chief Financial Officer

 

 

 

2



EXHIBIT INDEX

 

Exhibit No.

 

Title

 

 

 

99.1

 

 Creative Computer Applications, Inc. Press Release, issued July 14, 2003

 

 

 

3


EX-99.1 3 a03-1086_1ex991.htm EX-99.1

Exhibit 99.1

 

 

CALABASAS, CALIFORNIA, July 14, 2003... CREATIVE COMPUTER APPLICATIONS, INC. or CCA (AMEX - CAP), a provider of Clinical Information Systems (CIS) for hospital and clinic-based laboratories, pharmacies, and imaging departments, announced today its sales and earnings for its third fiscal quarter and nine-month period ended May 31, 2003.

 

Sales for the third fiscal quarter ended May 31, 2003 were $1,989,091 compared to sales of $2,102,222 for the comparable quarter one year ago. The Company earned net income of $66,747 or $.02 per basic and diluted earnings, for the current fiscal quarter, compared to net income of $118,369, or $.04 per basic and diluted earnings, for the comparable quarter one year ago.

 

Sales for the nine-month period ended May 31, 2003 were $5,726,037 compared to sales of $5,643,960 for the comparable nine-month period one year ago.  The Company earned net income of $131,593 or $.04 per basic and diluted earnings, for the current nine-month period, compared to net income of $207,020 or $.06 per basic and diluted earnings, for the comparable nine-month period one year ago.

 

Steven M. Besbeck, President and CEO, stated,  “We view the results of Operations for the third quarter and nine-month period ending May 31, 2003, as indicative of one of the more challenging periods in CCA’s history.  However, we were able to maintain operating levels and profitability despite the difficult business environment associated with the economy, a transition to a completely new version of our lead product, CyberLABÒ, and the daunting task of providing new HIPAA compliant software enhancements for all our products to hundreds of client sites.  We also experienced delays in the timely completion of installations and the concurrent recognition of revenues from sales of our CIS products that were impacted by third-party issues.  During the third quarter we focused considerable attention on our existing clients related to upgrades, software, and services associated with HIPAA compliance issues. Our profitability was impacted by delays we experienced in implementations and increased marketing expenses that were incurred in the quarter.  During the quarter we completed most of the development of CyberLAB 7.0 a completely new, browser-based version of our laboratory information system and launched it at an important industry trade show, where it was enthusiastically reviewed.  We believe the investment that we are making in our product development activities will position CCA for future growth and distinguish CCA as a technology innovator in clinical information systems.”

 

CCA is a healthcare information technology and service provider that provides software and browser-based solutions, specializing in Clinical Information Systems (CIS) for hospital and clinic-based laboratories, pharmacies, and imaging departments.  Its primary products, CyberLABÒ, CyberMEDÒ and CyberRADÒ are highly functional, scalable, and can be deployed in a variety of healthcare settings.  CCA’s systems are deployed in more than 500 sites. For more information about CCA, its products and services, visit http://www.ccainc.com/.

 

 



Creative Computer Applications, Inc.

Operating Results (Unaudited)

 

 

 

Three Months Ended May 31,

 

Nine— Months Ended May 31,

 

 

 

2003

 

2002

 

2003

 

2002

 

 

 

 

 

 

 

 

 

 

 

Net Sales and Service Revenues

 

$

1,989,091

 

$

2,102,222

 

$

5,726,037

 

$

5,643,960

 

Gross Margin

 

1,028,196

 

1,131,107

 

2,942,415

 

2,951,069

 

Operating Income

 

113,052

 

208,368

 

221,096

 

362,939

 

Net Income

 

66,747

 

118,369

 

131,593

 

207,020

 

Basic Earnings Per Share

 

.02

 

.04

 

.04

 

.06

 

Diluted Earnings Per Share

 

.02

 

.04

 

.04

 

.06

 

 

 

 

 

 

 

 

 

 

 

Average Shares Outstanding (Basic)

 

3,318,900

 

3,251,483

 

3,285,844

 

3,235,622

 

(Diluted)

 

3,559,335

 

3,368,066

 

3,494,041

 

3,245,108

 

 

This news release contains forward-looking statements made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  Forward-looking statements are not guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statement.  Such statements are based upon, among other things, assumptions made by, and information currently available to management, including management’s own knowledge and assessment of the Company’s industry and competition.  The Company refers interested persons to its most recent Annual Report on Form 10-KSB and its other SEC filings for a description of additional uncertainties and factors, which may affect forward-looking statements.  The Company assumes no duty to update its forward-looking statements.

 

 


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