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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934
Date of Report: September 28, 1995
COMPARATOR SYSTEMS CORPORATION
Colorado 0-8951 95-3151060
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(State of other jurisdiction Commission (IRS Employer
of incorporation) File Number Identification Number)
4350 Von Karman Avenue, Suite 180 Newport Beach, California 92660
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Registrant's telephone number including area code: (714) 851-4300
Item 1. Changes in control of Registrant
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(a) None
(b) None
Item 2. Acquisition or Disposition of Assets
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On September 20, 1995 the Company acquired 100% of the issued and
outstanding shares of International Financial Systems, Inc., which is now
operated as a wholly-owned subsidiary of the Company. The purchase price, which
was paid in cash and stock of the Company, was negotiated in an arms-length
transaction with non-affiliates of the Company. Shares of restricted common
stock of Comparator Systems Corporation to be issued were valued at $150,000 at
the market bid quotation of 1/32 prevailing on the date of the transaction. Cash
paid was drawn from the Company's existing working capital, and no loans or
other forms of financing were required for the purchase. International Financial
Systems, Inc. specializes in the development, marketing, integration,
installation and maintenance of hardware and proprietary software systems for
banks, credit unions, savings and loans and commercial customers, domestically
and internationally.
Item 3. Bankruptcy or Receivership
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Not Applicable
Item 4. Changes in Registrant's Certifying Accountant
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None
Item 5. Other Events
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None
Item 6. Appointment of Registrant's Directors
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None
Date: September 28, 1995 BY: /s/ GREGORY ARMIJO
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Gregory Armijo
Corporate Secretary
