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 (Date of earliest event reported): March 6,
2002
ADDvantage Technologies Group, Inc.
(Exact name of Registrant as specified in its charter)
Oklahoma 1-10799 73-1351610
(State or other (Commission (I.R.S.
jurisdiction of File Employer
incorporation) Number) Identification
No.)
1605 E. Iola
Broken Arrow, Oklahoma
(Address of principal executive offices)
74012
(Zip code)
(918) 251-9121
(Registrant's telephone number, including area code)
Item 7. Financial Statements And Exhibits
(c) Exhibits
99.1 Press Release Announcing Voting Results and
Management Comments at Annual Meeting.
Item 9. Regulation FD Disclosure
On March 6, 2002, ADDvantage Technologies Group, Inc. issued
a press release announcing the results of the voting at its
annual meeting of shareholders and summarizing comments made
by its President and Chief Executive Officer and by its
Chairman. A copy of the press release is filed as an exhibit
to this report and is incorporated by reference herein.
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.
ADDvantage Technologies Group, Inc.
Dated: March 6, 2002 By: /s/ Kenneth A. Chymiak
Kenneth A. Chymiak,
President
FD DISCLOSURE SCHEDULE
ADDvantage Technologies Group, Inc.
Projects Solid Growth in Revenues and Profits for 2002
Broken Arrow, Oklahoma, March 6, 2002-- ADDvantage
Technologies, Inc. (OTCBB:ADDM) held its annual shareholders
meeting on March 5th in Broken Arrow, Oklahoma at its
corporate offices.
At the meeting, shareholders elected the Company's
slate of incumbent directors and ratified the selection of
Tullius, Taylor, Sartain & Sartain as the Company's
independent auditors for fiscal 2002.
Kenneth Chymiak, President and CEO of ADDvantage, told
shareholders that revenues for fiscal year 2002 appear to be
returning to more normal patterns, demonstrated by a 46.9%
sales increase in sales at TULSAT during February of 2002
compared to January 2002. Historically, TULSAT's sales have
during February of each year have been substantially higher
than the prior month. However, TULSAT sales during
February of last year were down 10.6 % from those in
January. Continuing his comments to the Company's
shareholders, Mr. Chymiak said, "With sales continuing to
improve and the positive impact from our recent
acquisitions, we estimate that sales for fiscal 2002 will be
in the $25 to $27 million range, compared to $22.9 million
in 2001. For the first two months of the second quarter of
2002, we have seen revenues rise to $3.9 million, or 30.1%
over the amount of revenues for the same period last year,
primarily due to the acquisitions of NCS and Comtech. We
expect this trend to continue for the rest of the year, with
a targeted 10% annual sales growth, while maintaining our
historical operating margins."
David Chymiak, Chairman of ADDvantage added, "In light of
the apparent improvement in the market, we will be seeking
opportunities to increase our sales force and locations as
we look to support a larger sales volume resulting from our
relationship with Scientific Atlanta."
ADDVANTAGE TECHNOLOGIES GROUP, INC. and its subsidiaries,
TULSAT, LEE CATV Corporation, NCS Industries, Comtech
Services and TULSAT - Texas, comprise an organization
involved in the refurbishment, repair and sale of previously
owned cable television ("CATV") equipment and the
distribution of new and surplus equipment to CATV operators.
For more information, please visit the corporate web site at
www.addvantagetech.com or contact the company directly at
918-251-9121.
The information in this announcement may include forward-
looking statements. All statements, other statements of
historical facts, which address activities, events or
developments that the Company expects or anticipates will or
may occur in the future are forward-looking statements.
These statements are subject to risks and uncertainties
which could cause actual results and developments to differ
materially from these statements. A complete discussion of
these risks and uncertainties is contained in the Company's
reports and documents filed from time to time with the
Securities and Exchange Commission.
For further information:
Company Contact:
Ken Chymiak (9l8) 25l-2887
David Chymiak (9l8) 25l-2887
Adam Havig (9l8) 25l-9l2l