4
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): December 11, 2003
The CattleSale Company
-----------------------------------------------------------
(Exact name of registrant as specified in its charter)
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
Delaware 001-07636 74-1605174
---------------------------------------- --------------------------------------
(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification
No.)
-------------------------------------------------------------------------------
9901 IH-10 West, Suite 800, San Antonio, Texas 78230-2292
-------------------------------------------------------------------------------
Address of Principal Executive Offices) (Zip Code)
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
Registrant's telephone number, including area code: 210-558-2898
-----------------------------------------------------------------
Item 5. Other Events
At a meeting of the Board of Directors held on December 11, 2003, Mr.
David S. Geiman was elected to the Company's Board of Directors. For more
information, please reference the press release attached as Exhibit 99.1 to
this report.
The Company also announced that it received additional short term
financing on December 11, 2003 which bridges the company into the private
placement that is currently being marketed by Brill Securities Inc, New York,
New York. The Brill private placement is a "best efforts" offering and while
the successful completion is necessary for the company to execute its 2004
business plan, there can be no assurance that such offering will be completed.
Item 7. Financial Statements, Pro Forma Financial Statements and Exhibits.
99.1 Press release of the Company dated December 15, 2003
SIGNATURE
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.
The CattleSale Company
(Registrant)
Date: December 15, 2003
By: /s/ Phillip P. Krumb
Phillip P. Krumb
Chief Financial Officer
FOR IMMEDIATE RELEASE Contact: Phillip P. Krumb
Vice President and Chief Financial Officer
The CattleSale Company
San Antonio, Texas 78230
(210) 558 2898
EXHIBIT 99.1
THE CATTLESALE COMPANY ANNOUNCES ELECTION OF
NEW DIRECTOR
SAN ANTONIO, Texas, December 15, 2003....... The CattleSale Company
(formerly known as Dynacore Holdings Corporation) (EBB:CTLE) today announced
that David S. Geiman has been elected to the Company's Board of Directors
effective December 11, 2003 and will serve as Chairman of the Executive
Committee. Mr. Geiman has been President and CEO of CattleSale since June
of 2003 and will continue in that role.
Mr. Geiman is the founder and owner of New Dominion Management, an
agricultural consulting company that provides business analysis, construction
management and risk and hedging program development services for large
agri-business entities in the United States and Canada. In addition, he
owns significant interests in contract feeder pig production facilities
and a task management software company.
From 1980 until 1995 Mr. Geiman worked for Continental Grain Company,
one of the top grain merchant companies in the United States. He held
positions in grain merchandising, strategic planning and operations management
and from 1985 until 1995, David was Senior Vice President and General Manager
of Continental's Cattle Feeder Division. During this period he grew the
division to the largest cattle feeder operation in the U.S., trading nearly
100,000 head of cattle per month and generating annual sales of $800-$900
million.
Mr. Geiman received his undergraduate degree from George Washington
University in Washington, D. C. and an MBA from the University of Virginia.
He spent three years in agricultural and rural development in the Peace Corps
in West Africa.
"I am very excited about joining the Company's board at this particular
time," said Geiman. "The next few months will be very challenging and critical
to this company's success. Now that the fall cattle selling season has
concluded, and prior to the next selling season, we will take the time to
evaluate and improve upon the business model for the company's core
product---namely, the internet cattle auction. However, we will also look
to broaden our agent network and will look for investment opportunities with
other entities who may have products or services which would bolster our own
product portfolio," Geiman added.
Mr. Geiman joins Messrs. Gerald N. Agranoff, Phillip P. Krumb,
Mark A. Margason, Edward L. McMillan, and David W. Pequet as the Company's
current Board members. The Company has two remaining Board member vacancies.
The Company also announced that it received additional short term
financing on December 11, 2003 which bridges the company into the private
placement that is currently being marketed by Brill Securities Inc, New York,
New York. The Brill private placement is a "best efforts" offering and while
the successful completion is necessary for the company to execute its 2004
business plan, there can be no assurance that such offering will be completed.
This press release contains forward-looking statements about the business,
financial condition and prospects of the Company. The actual results of the
Company could differ materially from those indicated by the forward-looking
statements because of various risks and uncertainties, including without
limitation, the risks associated with entering into a new line of business,
changes in product demand, the reliability of the internet, changes in
competition, economic conditions, new product development, changes in tax
and other governmental rules and regulations applicable to the Company,
and other risks indicated in the Company's filings with the Securities
and Exchange Commission. These risks and uncertainties are beyond the
ability of the Company to control, and in many cases, the Company cannot
predict the risks and uncertainties that could cause its actual results to
differ materially from those indicated by the forward-looking statements.
When used in this press release the words "believes," "estimates," "plans,"
"expects," and "anticipates" and similar expressions as they relate to the
Company or its management are intended to identify forward-looking statements.