-----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, RuGDmE+IhoNv2NpZSDtxsqformTMAMNwjPgPnMKC6j6EOwFMx2C93uqcHEbMkJyh GqsIV1yQNErgPMIgMO3r2w== 0000950129-03-006069.txt : 20031212 0000950129-03-006069.hdr.sgml : 20031212 20031212143938 ACCESSION NUMBER: 0000950129-03-006069 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20031211 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20031212 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VERDISYS INC CENTRAL INDEX KEY: 0001141197 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 223755993 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-64122 FILM NUMBER: 031051582 BUSINESS ADDRESS: STREET 1: 11650 IBERIA PL SUITE 201 CITY: SAN DIEGO STATE: CA ZIP: 92128 BUSINESS PHONE: 8586181085 MAIL ADDRESS: STREET 1: 11650 IBERIA PLACE SUITE 201 CITY: SAN DIEGO STATE: CA ZIP: 92128 8-K 1 h11223e8vk.txt VERDISYS, INC. - DATED DECEMBER 11, 2003 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT FILED PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): DECEMBER 11, 2003 VERDISYS, INC. (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) CALIFORNIA 333-64122 22-3755993 (STATE OR OTHER JURISDICTION OF (COMMISSION FILE NUMBER) (I.R.S. EMPLOYER IDENTIFICATION NO.) INCORPORATION OR ORGANIZATION)
25025 I-45 NORTH, SUITE 525 THE WOODLANDS, TEXAS 77380 (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES AND ZIP CODE) (281) 364-6999 (REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE) ITEM 5. OTHER INFORMATION On December 11, 2003, the Company announced the appointment of Dr. Ron Robinson as interim President and Chief Executive Officer of the Company. A copy of the Company's press release announcing the appointment is attached hereto as Exhibit 99.1. The press release is incorporated by reference into this Item 5 and the foregoing description of the press release is qualified in its entirety by reference to the attached exhibit. ITEM 7. EXHIBITS Exhibit 99.1 -- Press Release dated December 11, 2003. 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. VERDISYS, INC. Date: December 12, 2003. By: /s/ Andrew Wilson --------------------------- Andrew Wilson Chief Financial Officer EXHIBIT INDEX Exhibit Number Description ------- ------------ 99.1 Press Release dated December 11, 2003.
EX-99.1 3 h11223exv99w1.txt PRESS RELEASE DATED DECEMBER 11, 2003 EXHIBIT 99.1 VERDISYS, INC. ANNOUNCES THE APPOINTMENT OF DR. RON ROBINSON AS INTERIM PRESIDENT AND CHIEF EXECUTIVE OFFICER Search for President and CEO to commence immediately Houston, Texas - December 11, 2003: Verdisys, Inc. of The Woodlands, Texas, (OTCBB: VDYS.OB - News) a leading provider of patented lateral drilling oil services and satellite solutions for energy production enhancement today announced the appointment of Dr. Ron Robinson as interim President and Chief Executive Officer of the Company. Dr. Robinson joined the Company as Chairman of the Board in January 2002, and has been active in technology assessment and mergers and acquisitions for the Company. "Verdisys is at a critical stage of development and needs the right leadership, vision and direction to realize the opportunities from its technologies, and significantly expand its business" said Dr. Robinson. "In the interim, I will be fulfilling this role on a full-time basis until we have selected and hired my replacement." Before joining Verdisys, Dr. Robinson served as president of Texaco Technology Division. Texaco merged with Chevron in 2001 and the new company, ChevronTexaco, is one of the largest petroleum companies in the world. Former head of the Petroleum Engineering Department at Texas A&M University, he spent years in reservoir engineering and thermal recovery for Getty Oil. Dr. Robinson has a Ph.D. in Petroleum Engineering from Texas A&M University, an M.S. in Physics from Baylor University and a B.S. in Physics and Mathematics from the University of Southern Colorado. Dan Williams, former President and Chief Executive Officer, will be continuing with the Company in a non-executive position. About Verdisys, Inc. Verdisys, Inc. provides proprietary oil services and solutions for energy production enhancement including patented lateral drilling technologies and secure satellite communications. In the U.S. and Canada, Verdisys provides oil and gas companies with a patented lateral drilling service utilizing specially fabricated mobile drilling rigs. These services have had more than a decade of proven success in dramatically increasing the production of oil and gas wells. Verdisys has developed unique, high quality and cost effective satellite communication capabilities that provide energy companies access to remote sites. The Company's key focus is on monitoring and control of applications involving SCADA (Supervisory Control and Data Acquisition) implementations in the areas of oil and gas exploration, production, power distribution and other energy management applications. For more information visit www.verdisys.com or call 281-364-6999 Safe Harbor Statement Statements in this release that are not historical, are forward looking and involve known and unknown risks and uncertainties, which may cause Verdisys' actual results in future periods to be materially different from any future performance that may be suggested in this release. Such factors may include, but are not limited to, the need to raise equity capital, the ability to obtain equity financing on acceptable terms, if at all, a severe worldwide slowdown in the energy services sector, working capital constraints, fluctuations in customer demand and commitments, fluctuation in quarterly results due to the timing of orders and our capacity to fulfill them, introduction of new services, commercial acceptance and viability of new services, cancellations of orders without penalties, pricing and competition, reliance upon subcontractors, the ability of Verdisys' customers to pay for Verdisys' services, the timing of new technology and product introductions, and the risk of early obsolescence. CONTACT: Company Contact: Andrew Wilson, Chief Financial Officer, Verdisys, Inc. (510)-749-0836 or awilson@verdisys.com Investor Contact: John Liviakis, Liviakis Financial Communications, Inc. (415)-389-4670 or john@liviakis.com Media Contact: Sinan Kanatsiz, Account Executive, K-Comm, Inc. (949)-443-9300 or sinan@kanatsiz.com
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