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 11, 2005
The CattleSale Company
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(Exact name of registrant as specified in its charter)
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Delaware 001-07636 74-1605174
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(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
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9901 IH-10 West, Suite 800, San Antonio, Texas 78230-2292
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(Address of Principal Executive Offices) (Zip Code)
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Registrant's telephone number, including area code 210-558-2898
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Item 5. Other Events
The CattleSale Company announces organization changes as described in the press
release attached as exhibit 99.1.
Item 7. Financial Statements, Pro Forma Financial Statements and Exhibits.
99.1 Press Release dated March 11, 2005
FOR IMMEDIATE RELEASE
THE CATTLESALE COMPANY ANNOUNCES ORGANIZATION CHANGES
San Antonio, Texas, March 11, 2005...The CattleSale Company (OTC BB "CTLE")
announced today that Mr. Phillip P. Krumb has been appointed President and will
succeed Mr. David S. Geiman who will continue to serve on the Company's Board of
Directors. Mr. Krumb has been the Company's Chief Financial Officer since 1999
and has been a director since 1997. Mr. William K. Richardson, the Company's
Treasurer, has been appointed Vice President and Chief Financial Officer and
will serve on the Company's Board of Directors.
The Company also announced that Mr. Edward L. McMillan is retiring as the
Company's Chairman of the Board, effective March 10, 2005. Mr. McMillan has
served as the Company's Chairman since February, 2003. Mr. David W. Pequet, a
company director, has been appointed Interim Chairman of the Board, until a
replacement can be identified and appointed.
In addition, the Company announced that Mr. Gerald N. Agranoff has resigned as
the Company's General Counsel. Mr. Agranoff will also continue to serve on the
Company's Board of Directors. All matters of a legal nature will be referred to
external Counsel.
The Company also reported that its wholly owned subsidiary, Wireless Interface
Systems Inc. ("WIS") is still pursuing a private equity placement of
approximately $2.0 million The purchase agreement covering WIS's purchase of
IDComm's proprietary ISO Memory tag technology and database management system
was contingent on WIS's successful closing of such a placement by the end of
February, 2005. While there can be no assurances, the company anticipates that
the placement will be completed, if at all, by the end of March, 2005.
Contact:
Mr. Phillip P. Krumb, President
The CattleSale Company
San Antonio, Texas 78230
(210) 558 2898
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.
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: March 11, 2005
By: /s/ Phillip P. Krumb
Phillip P. Krumb
President and
Chief Accounting Officer
Exhibit 99-1