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 1, 1998
Lyric International, Inc.
___________________________________________
(Exact name of registrant as specified in its charter)
Colorado 0-09800 75-1711324
(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
16901 Dallas Parkway, #111, Dallas, Texas 75248
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (972) 713-7163
ITEM 2. Acquisition or Disposition of Assets
On September 1, 1998, Lyric International, Inc. ("Lyric") acquired all of
the outstanding shares of common stock of Woodman Enterprises, Inc. ("WEI") in
exchange for 5,000 shares of Lyric's $100 par value Series B Preferred Stock.
WEI is a company primarily engaged in the business of leasing equipment used
to service and maintain oil and gas drilling equipment. WEI also leases
equipment used for the secondary recovery of oil and gas. Lyric plans to
continue to use the property and equipment of WEI in operations that are the
same as the operations in which WEI currently is engaged.
Lyric determined the amount of consideration paid for WEI based on the
book value of the assets of WEI. WEI was a wholly owned subsidiary of Redbank
Petroleum, Inc., a corporation which is owned 50 percent by Warren Donohue, a
director and officer of Lyric, and 50 percent by Brent Wagman, a former
officer and director of Lyric.
Any necessary financial statements concerning Lyric's acquisition of
WEI will be filed by an amendment to this report on or before November 13,
1998.
# # #
This report may contain forward-looking statements regarding Lyric
International, Inc.'s future plans based on assumptions that Lyric believes to
be reasonable. A number of risks and uncertainties could cause actual results
to differ materially from these statements, including without limitation, the
timeliness of development activities, fluctuations in oil and gas prices, and
other risk factors described from time to time in Lyric's reports filed with
the Securities and Exchange Commission. In addition, Lyric operates in an
industry in which security values are volatile and may be influenced by
economic and other factors beyond Lyric's control.
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.
Date: September 15, 1998 LYRIC INTERNATIONAL, INC.
By: /s/ Michael G. Maguire
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Michael G. Maguire, President
