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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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) July 1, 1996
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SWISSRAY International, Inc.
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(Exact name of registrant as specified in charter)
New York 0-26972 16-0950197
(State or Other (Commission (IRS Employer
Jurisdiction of File Number) Identification
Incorporation) Number)
c/o Gary B. Wolff, P.C., 747 Third Avenue, New York, New York 10017
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including
area code New York 212-644-6446
Switzerland 011 41 41 919 90 50
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS.
Registrant issued the attached press release on July 1, 1996.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits.
99.1 Press release dated July 1, 1996.
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SIGNATURES
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.
SWISSRAY INTERNATIONAL, INC.
By /Ulrich Ernst/
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Ulrich Ernst, Chairman of the Board
Dated: July 2, 1996
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EXHIBIT INDEX
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99.1 Press Release dated July 1, 1996 4
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SWISSRAY
INTERNATIONAL INC.
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contact: Ueli Ernst
Chairman
01141 1 747 00 44
FOR IMMEDIATE RELEASE:
SWISSRAY INTERNATIONAL INC: SIGNS MULTIMILLION $ X-RAY CONTRACT
New York, NY - July 1 - 1996-- Swissray International Inc. (NASDAQ:
Small Cap: SRMI) has signed contract in excess of $40 million with a fortune 500
Company for the production and delivery of conventional x-ray equipment over a
four and half year period commencing in June 1996.
Under the terms of the OEM agreement (Original equipment
manufacturing), Swissray will design, manufacture and deliver its highest
quality products which the multinational concern will market on a worldwide
basis under its own name. The x ray equipment will meet both the European Common
Market and the United States FDA standards. Sales support and maintenance will
be provided by the multinational firm. Initial product shipments valued in
excess of $8 million are expected to be delivered within 12 months.
Ulrich Ernst, Chairman of Swissray International Inc. said "We are
pleased that Swissray has been chosen as an important supplier by this
multinational concern for x-ray equipment. This contract is a very significant
accomplishment for Swissray and will have a positive effect on Swissray revenues
and earnings over the next several years."
Swissray International Inc., with principle offices in Hitzkirch,
Switzerland, is an innovative developer of x-ray equipment and systems. Its
proprietary product line consists of high resolution x-ray equipment, its unique
Swissvision digital imaging system, and the AddOn Bucky(R).
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747 Third Ave., 25th Fl. tel 212 644-6497 Limmattalstr. 10, tel 011 411 747 00 44
New York NY fax 212-644-6498 CH 8954 Geroldswil fax 011 411 748 43 20
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