nFsz, Inc. (NASDAQ:NFEC) Files An 8-K Regulation FD Disclosure
Item 7.01 Regulation
FD Item 9.01 Exhibits
| ITEM 7.01 | REGULATION FD DISCLOSURE |
This Form 8-K/A is filed to correct an arithmetic mistake on
slide number 24/25 in the Investor Presentation, referenced
below, which erroneously understated our EBITDA for the period
2017 through 2020.
On April 24, 2017, representatives of the Company began making
presentations to investors using slides containing the
information attached to this Current Report on Form 8-K as
Exhibit 99.1 (the Investor Presentation) and incorporated herein
by reference. The Company expects to use the Investor
Presentation, in whole or in part, and possibly with
modifications, in connection with presentations to investors,
analysts and others during the fiscal year ending December 31,
2017.
The Investor Presentation includes prospective financial
information based on our reasonable expectations, beliefs,
opinions, and assumptions at the time they were made. The
prospective financial information was not prepared in accordance
with generally accepted accounting principles (GAAP) or published
guidelines established by the American Institute of Certified
Public Accountants for preparation and presentation of
prospective financial information.
All of the information contained in the Investor Presentation is
summary information that is intended to be considered in the
context of our Securities and Exchange Commission (SEC) filings
and other public announcements that we may make, by press release
or otherwise, from time to time.
The inclusion of the prospective financial information in the
Investor Presentation filed with this Current Report on Form 8-K
should not be regarded as an indication that we or any other
person considered, or now consider, this information to be
necessarily predictive of actual future results, and does not
constitute an admission or representation by any person that such
information is material, or that the expectations, beliefs,
opinions, and assumptions that underlie such forecasts remain the
same as of the date of this Current Report on Form 8-K, and
readers are cautioned not to place undue reliance on the
prospective financial information.
Neither our independent auditor, or any other independent
accountant has examined, compiled, or performed any procedures
with respect to the prospective financial information contained
in the Investor Presentation and, accordingly, none has expressed
any opinion or any other form of assurance on such information or
its achievability and none assumes any responsibility for the
prospective financial information.
The prospective financial information:
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is speculative by its nature and was based upon numerous expectations, beliefs, opinions, and assumptions, as further described below, which are inherently uncertain and many of which are beyond our control and may not prove to be accurate; |
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does not necessarily reflect current estimates or expectations, beliefs, opinions, or assumptions that we may have about prospects for our Company, our business, changes in general business or economic conditions, or any other transaction or event that has occurred or that may occur and that was not anticipated at the time the prospective financial information was prepared; |
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may not reflect current results or future performance, which may be significantly more favorable or less favorable than the prospective financial information set forth therein; and |
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is not, and should not be regarded as, a representation that any of the expectations contained in, or forming a part of, the prospective financial information will be achieved. All of the financial information contained in Investor Presentation is forward-looking in nature. The information is subjective in many respects and thus subject to interpretation. Further, the information relates to multiple future years and such information by its nature becomes less predictive with each succeeding year. We cannot provide assurance that the prospective financial information results will be realized; rather, actual future financial results may vary materially from the forward-looking information presented therein. |
Except as required by law, we do not intend to update or revise
publicly any of the information presented therein to reflect
circumstances or other events occurring after the date the
prospective financial information was prepared or to reflect the
occurrence of future events. These considerations should be taken
into account in reviewing the prospective financial information,
which were prepared as of an earlier date. For additional
information on factors that may cause actual future financial
results to vary materially from the information presented
therein, see the section entitled Cautionary Note Regarding
Forward-Looking Statements below.
The information presented in Item 7.01 of this Current Report on
Form 8-K and Exhibits 99.1 shall not be deemed to be filed for
purposes of Section 18 of the Securities Exchange Act of 1934, as
amended (the Exchange Act), or otherwise subject to the
liabilities of that section, unless the Company specifically
states that the information is to be considered filed under the
Exchange Act or specifically incorporates it by reference into a
filing under the Securities Act of 1933, as amended, or the
Exchange Act.
| ITEM 9.01. | FINANCIAL STATEMENTS AND EXHIBITS |
| 99.1 |
nFsz, Inc. Management Presentation dated April 2017 |
Cautionary Note Regarding Forward-Looking
Statements
This Current Report on Form 8-K includes forward-looking
statements within the meaning of the Private Securities
Litigation Reform Act of 1995, which are subject to risks and
uncertainties. All statements, other than statements of
historical facts, are forward-looking statements. The projected
financial information included herein constitutes forward-looking
statements. Readers are cautioned not to place undue reliance on
forward-looking statements. Although we believe that in making
any such forward-looking statement our expectations are based on
reasonable assumptions, any such forward-looking statement
involves uncertainties and is qualified in its entirety by
reference to the following important factors, among others, that
could cause actual results to differ materially from those
projected in such forward-looking statements:
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our ability to maintain or obtain sufficient financing sources for operations or to meet future obligations; |
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| present or prospective competition; | ||
| general industry trends; | ||
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economic conditions, including the impact of an economic downturn; |
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| our ability to collect trade receivables; | ||
| our ability to attract and retain profitable customers; | ||
| our ability to profitably serve our customers; | ||
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changes in business strategy, development plans or vendor relationships; |
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changes in operating expenses, liquidity needs and capital expenditures; |
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access to capital, the cost of such capital, and the results of financing and refinancing efforts, including availability of funds in capital markets; |
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| changes in technology used by and services offered by us; | ||
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significant changes in our relationship with our employees, including the availability of qualified personnel, and the potential adverse effects if labor disputes or grievances were to occur; and |
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| our ability to effectively execute our operational strategy. |
Any forward-looking statement speaks only at the date on which it
is made, and except as may be required by law, we undertake no
obligation to update any forward-looking statement to reflect
events or circumstances after the date on which it is made or to
reflect the occurrence of unanticipated events. New factors
emerge from time to time, and it is not possible for us to
predict all of them; nor can we assess the impact of each such
factor or the extent to which any factor, or combination of
factors, may cause results to differ materially from those
contained in any forward-looking statement. As such, you should
not unduly rely on such forward-looking statements.
About nFüsz, Inc. (NASDAQ:NFEC)
NF Energy Saving Corporation is a provider of energy services. The Company’s principal business is the production and sales of energy-saving flow control equipment, and intelligent flow control equipment. The Company operates through two segments: Heavy manufacturing business and Energy-saving related business. The Heavy manufacturing business segment includes production of valves components and the provision of valve improvement and engineering services. The Energy-saving related business segment includes provision of energy-saving related re-engineering and technical services, and long-term construction project. It provides equipment related to desulfurization, denitration and dust removal for electric power generation, metallurgy, petrochemical, steel, cement and heating supply industries, and provides consulting services, such as energy efficiency optimization design, energy consuming equipment retrofit and engineering, equipment maintenance and services, and energy management. nFüsz, Inc. (NASDAQ:NFEC) Recent Trading Information
nFüsz, Inc. (NASDAQ:NFEC) closed its last trading session down -0.05 at 1.09 with 48,881 shares trading hands.
