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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).............September 22, 1997
Service Systems International, Ltd.
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(Exact name of registrant as specified in its charter)
Nevada 0-21753 88-0263701
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Ident. No.)
2800 Ingleton Avenue, Burnaby, B.C. Canada V5C 6G7
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (604) 451-1069
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(Former name or former address, if changed since last report.)
Item 9. Sales of Equity Securities Pursuant to Regulation S
On September 22, 1997, the Registrant sold to three Costa Rican investors,
in a Regulation S transaction, 12% Series A Senior Subordinated Convertible
Redeemable Debentures in the aggregate principal face amount of $262,535 for a
price of $210,268.
Each Debenture is due on July 31, 1998, if not redeemed or converted before
that date. The conversion price per share of common stock is the lower of (a)
80% of the closing bid price of the common stock for the business day
immediately preceding the date of receipt by the Company of Notice of
conversion or (b) 80% of the average of the closing bid price of the common
stock for the 5 business days of trading immediately
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preceding the date of conversion as reported on the NASDAQ Bulletin Board.
SERVICE SYSTEMS INTERNATIONAL, LTD.
Date: October 6, 1997 By:/s/ Kenneth Fielding
Kenneth Fielding, President
Service Systems International, Ltd.
(Registrant)
