-----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, DEwo0cz5L9TyH/qv2uM3q9Ps53JZTRE50Qha4M9dau3Y9723B2lrAnPqb/AzyNf2 lzZITd4MPLUvJTf1u6Udsg== 0000893220-99-000200.txt : 19990223 0000893220-99-000200.hdr.sgml : 19990223 ACCESSION NUMBER: 0000893220-99-000200 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990122 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990222 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EPL TECHNOLOGIES INC CENTRAL INDEX KEY: 0000945269 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS CHEMICAL PRODUCTS [2890] IRS NUMBER: 840990658 STATE OF INCORPORATION: CO FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-28444 FILM NUMBER: 99547162 BUSINESS ADDRESS: STREET 1: 2 INTERNATIONAL PLZ STREET 2: STE 245 CITY: PHILADELPHIA STATE: PA ZIP: 19113-1507 BUSINESS PHONE: 6105214400 MAIL ADDRESS: STREET 1: 2 INTERNATIONAL PLZ STREET 2: STE 245 CITY: PHILADELPHIA STATE: PA ZIP: 19113 8-K 1 8-K JANUARY 22 1999 1 UNITED STATES 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 (Dates of Earliest event reported) January 22, 1999 EPL Technologies, Inc. (Exact name of registrant as specified in its charter) Colorado 0 - 28444 84-0990658 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 2 International Plaza, Suite 245, Philadelphia, PA 19113 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (610) 521-4400 Not Applicable (Former name or former address, if changed since last report.) 2 ITEM 5. OTHER EVENTS On January 22, 1999, EPL Technologies, Inc. (the "Company") announced that the U.S. patent office had granted a new U.S. patent to the Company, the claims of which are based on fresh-cut potato processing aid technologies designed to better maintain the quality, and thus enhance the economic value, of whole peeled potatoes as they are brought to the consumer, as detailed more fully in the press release attached as Exhibit 99.1. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS a) Not Applicable b) Not Applicable c) Exhibits 99.1 Press Release dated January 22, 1999 in relation to new patent. 2 3 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, thereunto duly authorized. Dated : February 22, 1999 EPL Technologies, Inc. By: /s/ Paul L. Devine -------------------------- Paul L. Devine Chairman and President 3 EX-99.1 2 PRESS RELEASE DATED JANUARY 22 1999 FOR NEW PATENT 1 Exhibit 99.1 Press Release dated January 22, 1999 in relation to new patent 2 CONTACT: EPL Technologies, Inc. Investor Relations Department, Philadelphia [EPL LOGO] Bruce Crowell, Chief Financial Officer (610) 521-4400 2 International Plaza, Suite 245 Philadelphia, PA 19113-1507 Tel: 610-521-4400 Fax: 610-521-5985 Cameron Associates Laurel A. Gottesman, Investor Relations (212) 245 8800 Bruce Boyle, Media Relations (215) 988 4641 FOR IMMEDIATE RELEASE EPL TECHNOLOGIES ANNOUNCES NEW PATENT FOR PROCESSING WHOLE PEELED POTATOES AND RELATED DEVELOPMENTS Philadelphia, PA -- January 22, 1999 -- EPL Technologies, Inc. (NASDAQ:EPTG), a leading provider of technologies to the fresh-cut produce industry, today announced that the U.S. patent office had granted the Company a new patent based on a fresh-cut potato processing aid technology, designed to better maintain the quality, and thus enhance the economic value, of whole peeled potatoes. Whole potatoes discolor and can harden if they are not used soon after peeling. The technology covered by the new patent is designed not only to inhibit the enzymatic browning or discoloration that occurs shortly after peeling, but also to prevent the outer 'casing' of the potato from hardening during boiling, even if boiled up to 10 days after peeling. The Company believes that a peeled potato processed using the new technology should thus retain the characteristics of a freshly peeled potato in all material respects for longer periods after processing. Paul L. Devine, Chairman and Chief Executive Officer of the Company, commented: "This new patent marks a further addition to the family of fresh-cut potato products that we will be able to offer in the foodservice and retail markets. We believe that this enabling technology will open up new sales opportunities, and we have already received inquiries about our whole peeled product from several European businesses." This new technology will be marketed alongside the Company's existing Potato Fresh(TM) technology, which is currently used in support of the Company's fresh-cut french fry products sold under the "Green Giant(R) Fresh" brand. The Company has added momentum to the roll-out of the Company's fresh-cut french fry products. The Company currently plans to have the fresh-cut french fries available by the end of the first quarter of 1999 in over 100 restaurants, located principally on the West Coast of the U.S., which has been the initial geographic target of the Company's national roll-out. Mr. Devine added: "We believe that the increased demand for these fresh-cut products underscores the quality of our potato technology and we expect that this increased demand should help facilitate acceptance of our new whole peeled potato product." EPL Technologies, Inc. develops, manufactures and markets proprietary processing aids, packaging technologies and scientific and technical services, which are designed to maintain the quality and integrity of fresh-cut produce. Statements in this release that are not statements of historical fact and reflect the intent, belief or expectations of the Company and its management regarding the expected effect of events, circumstances and trends should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not guarantees of future performance, and actual results may vary materially from the expectations contained in the forward-looking statements. Meaningful factors that may affect such results include, but are not limited to, (i) the Company's product development and sales process, which remains lengthy and resource intensive, (ii) the uncertainty of demand for and market acceptance of the Company's new and existing products, (iii) potential difficulties that may arise with the introduction of any new technology, whether in market penetration or product applications, and (iv) increased personnel and production requirements and related difficulties in managing multiple product lines. ######## -----END PRIVACY-ENHANCED MESSAGE-----