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Scio Diamond Technology Corp SCIO DIAMOND TECHNOLOGY CORP FORM 8-K (Current report filing) Filed 04/19/13 for the Period Ending 04/18/13 Address 411 UNIVERSITY RIDGE, SUITE D GREENVILLE, SC 29601 Telephone 864.346.2733 CIK 0001488934 Symbol SCIO SIC Code 3290 - Abrasive, Asbestos, And Miscellaneous Industry Constr. - Supplies & Fixtures Sector Capital Goods Fiscal Year 03/31 http://www.edgar-online.com © Copyright 2015, EDGAR Online, Inc. All Rights Reserved. Distribution and use of this document restricted under EDGAR Online, Inc. Terms of Use. UNITED STATES 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: April 18, 2013 (Date of earliest event reported) SCIO DIAMOND TECHNOLOGY CORPORATION (Exact name of registrant as specified in its charter) Commission File Number: 333-166786 Nevada 45 -3849662 (State or other jurisdiction of incorporation) (IRS Employer Identification No.) 411 University Ridge Suite D Greenville, SC 29601 (Address of principal executive offices, including zip code) (864) 751-4880 (Registrant’s telephone number, including area code) Not Applicable (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: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 7.01 Regulation FD Disclosure. The following information (including Exhibit 99.1 and Exhibit 99.2 referenced below) is being “furnished” in accordance with General Instruction B.2 of Form 8-K and shall not be deemed “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, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing. On April 18, 2013, Scio Diamond Technology Corporation (the “Company”) announced that it will be featured on an upcoming airing of “Built in America,” a Fox Business News show. The Company also announced its year ending production status. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference herein. Also on April 18, 2013, the Company posted its current investor slide presentation on its website. The slide presentation is attached hereto as Exhibit 99.2, and is available to the public under the Investor Relations section of the Company’s website at www.sciodiamond.com, under “Webcasts and Presentations.” The Company has prepared this slide presentation to provide public disclosure of certain operational information. The information provided in this presentation was based on information available to the Company as of the date of this filing. The Company does not undertake any obligation to update this investor slide presentation as conditions change or as additional information becomes available. Item 9.01 Financial Statements and Exhibits. (d) Exhibits. 99.1 Press Release issued on April 18, 2013 99.2 Slide Presentation 2 SIGNATURE 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. SCIO DIAMOND TECHNOLOGY CORPORATION By: /s/ Michael McMahon Michael McMahon Chief Executive Officer Date: April 18, 2013 3 Exhibit 99.1 Scio Diamond Announces Documentary and Production Status GREENVILLE, SC, April 18, 2013 /CNW/ – Scio Diamond Technology Corporation (OTCBB: SCIO.OB) (hereinafter “Scio” or the “company”) today announced that it has been selected to be featured on the Fox Business News show “Built in America”. Scio also announced fiscal year ending production status. Scio, in concert with Studio 1080 Inc., is proud to announce that it will be featured on the premier airing of “Built In America” on the Fox Business Network on April 28 at 2:30 PM. “This is a very exciting time for Scio”, said Michael McMahon, Scio’s CEO. “To be selected as a featured article on the premier showing of Built in America is a great opportunity for Scio Diamond to show Fox’s 68 million-viewer audience our one-of-a-kind technology”. “While filming the Scio Diamond feature, we were truly amazed at this diamond making technology and impact it will have in the future to all of us”, said Mr. Collin Williams, Executive Producer / Director of Studio 1080. It was astounding to actually watch diamond growing and learn the many, many uses of diamond”. March 31, 2013 ended Scio Diamond’s first complete year of operation and fiscal year. During that year Scio designed and built its new production facility in Greenville, SC and relocated all production equipment from Massachusetts to Greenville. Production began in earnest in July and over the last nine months Scio has produced over 15,000 carats of lab grown single crystal rough diamond. Scio has been shipping product and have been earning revenue since September of 2012. “It has been an exciting first year of operation”, says Michael McMahon. “Our staff has worked endless hours, 7 days a week to bring our facility to this point”. Scio produced 275 carats of single crystal lab grown diamond per week in its first quarter of operation (July - September 2012). Its average production in the last quarter (January- March 2013) exceeded 600 rough carats of single crystal diamond per week. In addition to the production of diamond, Scio has an operational diamond laser fabrication operation, which allows it to self-sustain its seed production and customize product for both industrial and gemstone customers. “The demand of product continues to be very high in both the gemstone and industrial market segments”, says McMahon. “Even though we are convinced that our one of kind technology produces more diamond per reactor than any other technology, we are far from our ultimate production levels”. About Scio Scio employs a patent-protected chemical vapor deposition process to produce high-quality, single-crystal diamonds in a controlled laboratory setting, with such diamonds referred to as “lab-grown” or cultivated diamonds. These cultivated diamonds have chemical, physical and optical properties identical to mined diamonds. The company’s manufacturing process enables it to produce high-quality, high-purity, single-crystal colorless, near colorless and fancy colored diamonds. Scio’s technology offers the flexibility to produce lab-grown diamonds in size, color and quality combinations that are very rare in nature. Scio produces diamonds for industrial, gemstone, medical and semiconductor applications. Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements that may involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Scio to be materially different from future results, performance or achievements expressed or implied by any forward-looking statements. Forward-looking statements, which involve assumptions and describe future plans, strategies and expectations of the company, are generally identifiable by use of the words “may,” “will,” “should,” “could,” “would,” “forecast,” “potential,” “continue,” “contemplate,” “expect,” “anticipate,” “estimate,” “believe,” “intend,” “or “project” or the negative of these words or other variations on these words or comparable terminology. These forward-looking statements are based on assumptions that may be incorrect, and there can be no assurance that these projections included in these forward-looking statements will come to pass. Actual results of the company could differ materially from those expressed or implied by the forward-looking statements as a result of various factors. Except as required by applicable laws, the company has no obligation to update publicly any forward-looking statements for any reason, even if new information becomes available or other events occur in the future. SOURCE: Scio Diamond For further information: Scio Diamond Technology Corporation, Michael McMahon – [email protected] Exhibit 99.2 Created by Nature, Perfected by Science April 2013 2 This presentation contains forward-looking statements that are based on the beliefs of Scio Diamond’s management and reflect Scio’s current expectations and projections about future results, performance, prospects and opportunities. Scio has tried to identify these statements by using words such as “anticipate,” believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “project,” “potential,” “should,” “will,” “will be,” “would” and similar expressions, but this is not an exclusive way of identifying such statements. Investors are cautioned that all forward- looking statements contained herein speak only as of the date of this presentation and involve risks and uncertainties that could cause Scio’s actual results, performance and achievements to differ materially from those expressed in these forward-looking statements, including, without limitation,
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