Dynamic Materials Files Form 8-K/A With SEC Regarding Recent Purchase of DYNAenergetics
29 January 2008 - 8:32AM
Marketwired
BOULDER, CO (NASDAQ: BOOM), the world's leading provider of
explosion-welded plates, today filed a Form 8-K/A with the
Securities and Exchange Commission. The document amends the Form
8-K filed on Nov. 19, 2007, which announced DMC's purchase of
DYNAenergetics, a Germany-based manufacturer of clad metal plates
and various explosives-related oil-field products.
Today's filing includes audited financial statements of
DYNAenergetics for its fiscal years ended Sept. 30, 2006 and 2007.
In addition, to illustrate what DMC and DYNAenergetics might have
looked like as a combined entity in prior periods, the document
includes unaudited pro forma financial information, which combines
the historical balance sheets of both businesses as of Sept. 30,
2007 and historical operations for the nine-month period ended
Sept. 30, 2007, and the year ended Dec. 31, 2006. Notes to the pro
forma information address a number of assumptions and
adjustments.
About Dynamic Materials Corporation
Based in Boulder, Colorado, Dynamic Materials Corporation is a
leading international metalworking company. Its products, which are
typically used in industrial capital projects, include
explosion-welded clad metal plates and other metal fabrications for
use in a variety of industries, including oil and gas,
petrochemicals, alternative energy, hydrometallurgy, aluminum
production, shipbuilding, power generation, industrial
refrigeration and similar industries. The Company operates three
business segments: Explosive Metalworking, which uses proprietary
explosive processes to fuse different metals and alloys; Explosive
Perforating, which manufactures, markets and sells oil field
perforating equipment and explosives, and AMK Welding, which
utilizes various technologies to weld components for use in
power-generation turbines, as well as commercial and military jet
engines. For more information, visit the Company's websites at
http://www.dynamicmaterials.com and
http://www.dynaenergetics.de.
Safe Harbor Language
Except for the historical information contained herein, this
news release contains forward-looking statements that involve risks
and uncertainties including, but not limited to, the following: our
ability to integrate the DYNAenergetics business, DYNAenergetics
ability to continue the rate of its sales, net income and growth;
as well as the other risks detailed from time to time in the
Company's SEC reports, including the report on Form 10-K for the
year ended December 31, 2006.
CONTACT: Pfeiffer High Investor Relations, Inc. Geoff High
303-393-7044
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