Quarter 2 8K
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 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) May 14,
2007
ADDVANTAGE
TECHNOLOGIES GROUP, INC.
(Exact
Name of Registrant as Specified in Its Charter)
Oklahoma
(State
or
Other Jurisdiction of Incorporation)
1-10799 73-1351610
(Commission
File Number)
(IRS
Employer Identification No.)
1221
E. Houston, Broken Arrow, Oklahoma
74012
(Address
of Principal Executive
Offices)
(Zip Code)
(918)
251-9121
(Registrant’s
Telephone Number, Including Area Code)
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see
General
Instruction A.2. below):
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item 1.01
Entry into a Material Definitive Agreement.
On
May 14, 2007, the Company's subsidiary, Tulsat Corporation, entered
into a contract with B.R. Hutson, Inc. of Broken Arrow, Ok. to
construct a 62,500 square foot warehouse facility for
approximately $1,650,000. The new facility will be located
on the back of the Company's headquarters and Tulsat Subsidiary office
and warehouse facility located at 1221 East Houston, Broken Arrow, OK.
The
Company plans to pay for the new facility through internal funds generated
from
operations.
The
additional facility will provide several benefits to the Company including
cost savings from eliminating multiple leased facilities with Chymiak
Investments LLC, the ability to consolidate the Company’s hardware products
which will increase efficiencies associated with marketing and selling
this
product line as well as reduce costs associated with managing overflow
inventory
in multiple outside warehouses.
A
copy of this construction contract is attached as Exhibit 10.1 to this current
report on Form 8-K and is incorporated herein by
reference.
Item
2.02 Results of Operations and Financial Conditions
The
Company issued a press release on May 14, 2007 summarizing the financial
results
for the second quarter of fiscal year 2007 ending March 31, 2007. A copy
of the
press release is attached as Exhibit 99.1 to this current report on Form
8-K and
is incorporated herein by reference.
(c) Exhibits.
Exhibit
10.1 below is filed herewith and exhibit 99.1 below is furnished herewith:
|
10.1
|
Construction
Contract |
|
99.1
|
Press
Release dated May 14, 2007, issued by the
Company |
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.
ADDVANTAGE
TECHNOLOGIES GROUP, INC.
Date: May
15, 2007 By:
/s/ Kenneth A. Chymiak
Kenneth
A. Chymiak
President
and Chief
Executive Officer
Exhibit
Index
Exhibit
Number Description
99.1
|
10.1
|
Construction
Contract |
|
99.1
|
Press
Release dated May 14, 2007, issued by
the Company |