Healthcare Technologies Ltd - Report of Foreign Issuer (6-K)
December 06 2007 - 7:55AM
Edgar (US Regulatory)
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
REPORT OF FOREIGN ISSUER
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of DECEMBER 6, 2007
HEALTHCARE TECHNOLOGIES LTD.
(Translation of Registrant's name into English)
32 Shaham Street, Petach Tikva, Israel,
(Address of principal executive offices)
Indicate by check mark whether the Registrant files or will file annual reports
under cover of Form 20-F or Form 40-F:
Form 20-F [X] Form 40-F [_]
Table of Contents
Page
Healthcare Technologies Ltd. press release dated December 6, 2007 4
2
Form 6-K Signature Page
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
HEALTHCARE TECHNOLOGIES LTD.
(Registrant)
By: /s/ Eran Rotem
------------------
Eran Rotem
Chief Financial Officer
Dated: December 6, 2007
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FOR: HEALTHCARE TECHNOLOGIES LTD.
CONTACT: Eran Rotem CFO
+972-3-9277232/3
PRNEWSWIRE Mrs. Rakefet Sudri PR Newswire Israel
CONTACT: info@prnewswire.co.il
DL + 972-77-2005042
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F + 972-77-2005043
M + 972-52-4308081
HEALTHCARE ANNOUNCED THAT AN OVERWHELMING MAJORITY OF ITS
SHAREHOLDERS APPROVED THE NEXGEN BIOFUELS TRANSACTION
Petach Tikva, Israel, December 4, 2007 - Healthcare Technologies Ltd. (NASDAQ:
HCTL), announced today that an overwhelming number of its unaffiliated and
voting shareholders (approximately 90%) voted in favor of the NexGen Biofuels
transaction.
At the meeting, the shareholders were asked to approve the previously announced
Asset Purchase Agreement with NexGen Biofuels, Inc, Mac Bioventures Inc. and
Gamida for Life B.V. and the transactions contemplated thereby, as a result of
which the Company's business will be in the field of renewable fuels rather than
biotechnology and medical devices.
The goal is to finalize the transaction by the end of December 2007. The Closing
of the transactions contemplated by the Agreement is subject to the approval of
the Israeli District Court and other closing conditions. No assurance can be
given that the transactions contemplated by the Agreement will close.
ABOUT HEALTHCARE TECHNOLOGIES
Healthcare Technologies Ltd. through it subsidiaries and affiliates Gamidor
Diagnostics (1984) Ltd., Danyel Biotech Ltd. and Savyon Diagnostics Ltd.,
specializes in the development, manufacturing and marketing of clinical
diagnostic test kits and provides services and tools to diagnostic and biotech
research professionals in laboratory and point of care sites worldwide.
ABOUT NEXGEN BIOFUELS, INC.
NexGen is operating in the business of alternative fuels. NexGen plans to build
and operate four ethanol and one biodiesel plant with production primarily
within in the United States. NexGen is currently in the process of acquiring and
developing its proposed plants and has not conducted any significant business
operations or generated any operating revenues to date. It is NexGen's intention
to produce 100 million gallons of annual ethanol production per ethanol site,
and 100 million gallons of annual biodiesel production.
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SAFE HARBOR: THIS PRESS RELEASE CONTAINS CERTAIN FORWARD LOOKING STATEMENTS
WITHIN THE MEANING OF SECTION 27A OF THE SECURITIES ACT OF 1933 AND SECTION 21E
OF THE SECURITIES EXCHANGE ACT OF 1934. WITH THE EXCEPTION OF HISTORICAL
INFORMATION CONTAINED HEREIN, THE MATTERS DISCUSSED IN THIS PRESS RELEASE
INVOLVE RISK AND UNCERTAINTIES. ACTUAL RESULTS COULD DIFFER MATERIALLY FROM
THOSE EXPRESSED IN ANY FORWARD LOOKING STATEMENT MADE BY OR ON BEHALF OF
HEALTHCARE TECHNOLOGIES LTD. MANY FACTORS COULD CAUSE THE ACTUAL RESULTS,
PERFORMANCE OR ACHIEVEMENTS OF HEALTHCARE OR THE ABOVE DESCRIBED TRANSACTION TO
BE MATERIALLY DIFFERENT FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS
THAT MAY BE EXPRESSED OR IMPLIED BY SUCH FORWARD-LOOKING STATEMENTS, INCLUDING,
AMONG OTHERS: SATISFACTION OF THE CLOSING CONDITIONS TO THE AGREEMENT; RECEIPT
OF REGULATORY AND THIRD PARTY APPROVALS, INCLUDING THE APPROVAL OF THE DISTRICT
COURT OF TEL AVIV; THE SATISFACTION AND COMPLETION OF DUE DILIGENCE BY THE
PARTIES TO THE AGREEMENT; THE RECEIPT BY HEALTHCARE OF A SATISFACTORY VALUATION
OF NEXGEN'S ASSETS; A NON-BINDING OFFER TO PURCHASE HEALTHCARE'S SUBSIDIARIES
PREVIOUSLY SENT TO US BY INVERNESS MEDICAL INNOVATIONS INC., TO WHICH, AS ANY
NEGOTIATIONS WITH INVERNESS WOULD BE A BREACH OF THE NEXGEN AGREEMENT,
HEALTHCARE HAS REFRAINED FROM ANY DISCUSSIONS WITH INVERNESS. READERS ARE
REFERRED TO THE DOCUMENTS FILED BY THE COMPANY WITH THE SECURITIES AND EXCHANGE
COMMISSION, SPECIFICALLY THE PROXY STATEMENT CONCERNING THE MEETING AND MOST
RECENT REPORT ON FORM 20F THAT IDENTIFIES IMPORTANT RISKS WHICH COULD CAUSE
ACTUAL RESULTS TO DIFFER FROM THOSE CONTAINED IN THE FORWARD LOOKING STATEMENTS.
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