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):
February 13, 1998
ROOM PLUS, INC.
(Exact name of Registrant as specified in Charter)
New York 1-14478 11-2622051
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(State or other juris- (Commission (IRS Employer
diction of incorporation) File Number) Identification
Number)
91 Michigan Avenue, Paterson, New Jersey 07503
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(Address of principal executive office) (Zip Code)
Registrant's telephone number including area code: (973) 523-4600
Not Applicable
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(Former name and former address, as changed since last report)
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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
On February 13, 1998, the Company issued a press release announcing that
its agreement in principle to acquire The Baby's Room, Inc. and Baby's Room USA
has been terminated. A copy of the press release is attached hereto.
Item 6. Resignations of Registrant's Directors
Not Applicable.
Item 7. Financial Statements, Pro Form Financial Information and Exhibits
(c) Exhibits
Exhibit Number Description
99 Press Release of the Company dated February 12,
1998
Item 8. Change in Fiscal Year
Not Applicable.
Item 9. Sales of Equity Securities Pursuant to Regulation S
Not Applicable.
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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.
ROOM PLUS, INC.
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(Registrant)
Dated: February 18, 1998 By:/s/ Jay H. Goldberg
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Name: Jay H. Goldberg
Title: Chief Financial Officer
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<PAGE>
Exhibit Index
Exhibit No. Description Page No.
99 Press Release of the Company
dated February 12, 1998
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Company Press Release
Source: Room Plus, Inc.
ROOM PLUS, INC. Proposed Baby's Room Acquisition Terminated
PATERSON, N.J. Feb. 12/PRNewswire/ - ROOM PLUS, INC. (Nasdaq:
PLUS-news) today announced that its agreement in principle to acquire
The Baby's Room, Inc. and Baby's Room USA has been terminated.
Marc Zucker, Chairman and CEO of ROOM PLUS stated: "We cannot obtain acceptable
financing commitments for the acquisition at this time. We have therefore agreed
to terminate the letter of intent in order that the principals of the Baby's
Room companies may be free to consider other alternatives. However, we remain
interested in acquiring the Baby's Room companies and may seek to reopen
acquisition discussions later in the year if the financing will be available on
acceptable terms. We may also seek to explore alternative business arrangements
with the Baby's Room companies for the sale of our ROOM PLUS furniture line
through Baby's Room retail outlets."
ROOM PLUS, INC. has specialized for the past 16 years in the design and
production and retailing of modular, high pressure, mica-laminated furniture for
residential uses. With its 17 retail showrooms and its 78,000 square foot
manufacturing facility, ROOM PLUS, INC. is the largest and leading vertically
integrated mica-laminated furniture company in New York, New Jersey and
Pennsylvania.
Forward-looking statements made herein are based on current expectations of the
Company that involves a number of risks and uncertainties and such
forward-looking statements should not be considered guarantees of future
performance. These statements are made under the "Safe Harbor Provisions" of the
Private Securities Litigation Reform Act of 1995. The factors that could cause
actual results to differ materially from the forward-looking statements include
the impact of competitive products and pricing, product demand and market
acceptance risks, the presence of competitors with greater financial resources
than the Company and an inability to arrange additional debt or equity
financing. For further information concerning risk factors, please see ROOM
PLUS, INC. form 10-QSB filed with the Securities and Exchange Commission.
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