ADDvantage Technologies Reports Results for Fiscal Fourth Quarter and Full
Year 2006
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) December
11, 2006
ADDVANTAGE
TECHNOLOGIES GROUP, INC.
(Exact
name of Registrant as specified in its Charter)
Oklahoma
(State
or other Jurisdiction of Incorporation)
1-10799
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73-1351610
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(Commission
file Number)
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(IRS
Employer Identification No.)
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1221
E. Houston, Broken Arrow Oklahoma
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74012
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(Address
of Principal Executive Offices)
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(Zip
Code)
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(918)
251-9121
(Registrant's
Telephone Number, Including Area Code)
(Former
Name or Former Address, if Changed Since Last Report)
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):
□
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Written
Communication pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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□
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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□
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR
240.14d-2(b))
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□
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Pre-commencement
communications pursuant to Rule 13e-4© under the Exchange Act (17 CFR
240.13e-4(c))
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Item
2.02 Results of Operation and Financial
Condition
On
December 11, 2006, ADDvantage Technologies Group, Inc.announced
financial results for its fiscal fourth quarter and full year ended September
30, 2006. A copy of the press release is attached to this Report as Exhibit
99.1
and is incorporated herein by reference.
Item
7.01 Regulation FD Disclosure.
On
December 11, 2006, Ken Chymiak, President and Chief Executive
Officer, David Chymiak, Chairman of the Board, and Dan O'Keefe, Chief Financial
Officer held an earnings conference call (see the attached press release
for
details on accessing a recording of this call). During the question and
answer session of the call, a participant inquired about the amount of
sales the Company made to Adelphia Communication Corporation ("Adelphia")
during
the four quarters of fiscal 2006 and fiscal 2005. Ken Chymiak stated that
the quarterly sales information for this customer was not readily available
during the call but the Company would present this information at a later
date.
The
following information is being provided as a response to the
participant's inquiry:
Quarterly
Sales to Adelphia Communications Corporation during 2006
and 2005:
Qtr 1 2006 - |
$648,433
|
Qtr 1 2005 - |
$569,744 |
Qtr 2 2006 - |
$327,206 |
Qtr 2 2005 - |
$248,745 |
Qtr 3 2006 - |
$425,763 |
Qtr 3 2005 - |
$182,454 |
Qtr 4 2006 - |
$220,306 |
Qtr 4 2005 - |
$2,202,999 |
Total Sales to Adelphia in 2006 - |
$1,621,708 |
Total Sales to Adelphia in 2005 |
$3,203,942 |
Adelphia
sold its remaining cable systems to Time Warner Cable
and Comcast on July 1, 2006. Sales to Adelphia during the fourth
quarter of 2006 were the result of completing open purchase orders received
by the Company prior to July 1, 2006. Purchases
from these cable system locations, under their new ownership, were
negligible during the fourth quarter of 2006 primarily due to the
transition of
ownership. The Company expects to continue
to provide product and services to these locations during fiscal 2007,
however, the volume of these purchases and services can not be
estimated.
Item
9.01 Financial Statements and
Exhibits
(d)
Exhibits
The
following exhibits are filed herewith:
Exhibit
99.1
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Press
Release dated December 11, 2006, issued by the
Company.
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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.
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ADDVANTAGE
TECHNOLOGIES GROUP, INC.
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Date: December
11, 2006
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By:
/s/ Kenneth A. Chymiak
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Kenneth
A. Chymiak
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President
& Chief Executive Officer
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Exhibit
Index
Exhibit
Number
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Description
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Exhibit
99.1
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Press
Release dated December 11, 2006. issued by the
Company.
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