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): January 28, 1998
PAGES, INC.
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Commission File Number 0-107475
Incorporated - Delaware IRS Identification Number 34-1297143
801 94th Avenue North, St. Petersburg, Florida 37702
Registrant's telephone number, including area code (813) 578-3300
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Item 2. DISPOSITION OF ASSETS
On Monday, January 26, 1998, the Company announced that it had completed
the first portion of its previously announced restructuring plan aimed
at selling assets not related to the Company's core business and
strengthening its balance sheet. The Company has sold its $5 million,
7% Subordinated Debentures in CASCO International (NASDAQ:CASC) back to
CASCO International for $3.5 million. As a result of this transaction,
PAGES will incur an extraordinary one-time loss on the sale of
approximately $1.5 million.
Item 5. OTHER EVENTS
The Company has obtained $3 million in subordinated debt financing from
Cincinnati's Provident Bank.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: January 28, 1998 Pages, Inc.
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(Registrant)
/s/ Steven L. Canan
_____________________________
Steven L. Canan
Vice President, Treasurer
and Chief Financial Officer
(Principal Financial Officer
and Accounting Officer)
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