One Horizon Group, Inc. – ‘8-K’ for 2/5/03

On:  Thursday, 2/6/03, at 11:06am ET   ·   For:  2/5/03   ·   Accession #:  225211-3-1   ·   File #:  0-10822

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                         3±    13K 

Document Table of Contents

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) February 5, 2003           
BICO, INC.          
(Exact name of registrant as specified in its charter)          

Pennsylvania                     0-10822                25-1229323            
(State of other jurisdiction (Commission File Number)   (IRS Employer           
of incorporation)                                    Identification No.)      

2275 Swallow Hill Road, Bldg. 2500, Pittsburgh, Pennsylvania 15220          
(Address of principal executive offices)                  (Zip Code)        

Registrant's telephone number, including area code (412) 429-0673           

_________________________________________________________         
(Former name or former address, if changes since last report.)        

Item 1.   Changes in Control of Registrant.                                     
Not applicable.                                             

Item 2.   Acquisition or Disposition of Assets.                                 
Not applicable.                                             

Item 3.   Bankruptcy or Receivership.                                           
Not applicable.                                             

Item 4.   Changes in Registrant's Certifying Accountant                         
Not applicable.                                             

Item 5.   Other Events and Regulation FD Disclosure.                            

BICO has decided to voluntarily vacate its                  
manufacturing facility in Indiana, PA. BICO vacated rather  
than continue to litigate with Indiana County.  The lawsuit 
filed is Indiana County v. BICO, Case No. 2002-30644 in the 
Court of Common Pleas of Indiana County, Pennsylvania. All  
manufacturing operations have ceased and no additional work 
is being performed on any remaining contracts.  A small     
group of former BICO employees are attempting to assume the 
rights and responsibilities of the U.S. Government contract,
but until the government's consent is received, that        
assignment will not be complete. BICO is liable for any     
damages that occur as a result of the facility's closure,   
including from breach of contract for its failure to        
complete the work.                                          

BICO has received notice of several additional default      
judgments; a sheriff's sale is scheduled for mid-February   
for all of Petrol Rem's assets based on a default judgment  
in excess of $297,000 obtained by Eddie Lofton, the         
Louisiana oil spill clean-up operator who sold INTCO stock  
to Petrol Rem. The case is Lofton v. Petrol Rem and BICO,   
No. GD 02-22453 in the Court of Common Pleas of Allegheny   
County, Pennsylvania.  If BICO or Petrol Rem cannot pay the 
amount due, or reach another resolution prior to the        
sheriff's sale, Petrol Rem's assets will be liquidated.     

David Staudenmaier, a former BICO employee who was          
terminated, filed suit against BICO.  Because BICO did not  
make certain filings with the court, the Court of Common    
Pleas of Allegheny County entered a default judgment for    
over $800,000 against BICO, Stan Cottrell (BICO's CEO and   
Chairman of the Board), Paul Stagg (a former BICO director) 
and Fred Cooper (former CEO and a director). BICO believes  
the judgment was entered improperly and are filing an       
appeal.  The case is Staudenmaier v. BICO, Inc., Fred E.    
Cooper, Paul Stagg and Stan Cottrell, No. GD 02-18913 in the
Court of Common Pleas of Allegheny County, Pennsylvania.    

Mellon Investor Services has threatened to stop             
providing registrar and transfer agent services to BICO     
unless certain payments are made.  BICO made a payment on   
February 5, 2003, and another payment is due on February 15,
2003. If BICO is unable to make payments when due or make   
other arrangements for those services, trading in BICO's    
common stock may have to cease.                             

BICO is in negotiations with various groups in an           
attempt to raise funds by selling either its ViaCirq or     
Petrol Rem technology.  To date, nothing formal has         
occurred.                                                   

Item 6.   Resignations of Registrant's Directors.                               
Not applicable.                                             

Item 7.   Financial Statements and Exhibits.                                    

(a)  Financial Statements of Businesses Acquired -            
Not Applicable.                                     
(b)  Pro Forma Financial Information - Not Applicable.        
(c)  Exhibits - Not Applicable                                

Item 8.   Change in Fiscal Year.                                                
Not applicable                                              

Item 9.   Regulation FD Disclosure.                                             
Not applicable                                              

SIGNATURES                                                                      

Pursuant to the requirement 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.                         

    BICO, INC.

              by /s/ Stan Cottrell
                                    Stan Cottrell, CEO, Director

DATED:  February 5, 2003                                                        

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing		Date		Other Filings
		2/15/03
Filed on:		2/6/03		8-K
For Period End:		2/5/03
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