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SECURITIES AND EXCHANGE COMMISSION
450 Fifth Street, N.W.
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: July 26, 1995
Stuart Entertainment, Inc.
(Exact Name of Registrant as Specified in Charter)
Delaware 0-10737 84-0402207
(State of (Commission (IRS Employer
incorporation) File Number) Identification No.)
3211 Nebraska Avenue, Council Bluffs, Iowa 51501
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (712) 323-1488
Not Applicable
(Former Name or Former Address, if Change Since Last Report)
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Item 5. Other Events.
See the Press Release attached hereto as Exhibit 20.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
20. Press Release dated July 26, 1995
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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 thereunto duly authorized.
STUART ENTERTAINMENT, INC.
Date: July 28, 1995 By /s/John A. McCray
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John A. McCray, Director of Finance
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EXHIBIT INDEX
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20 Press Release dated July 26, 1995
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Exhibit 20.
Press Release dated July 26, 1995.
STUART ENTERTAINMENT, INC.
FOR IMMEDIATE RELEASE CONTACT: PAUL TUNINK
712-323-1488
STUART ENTERTAINMENT ANNOUNCES
UK LICENSING, MARKETING AGREEMENT
COUNCIL BLUFFS, IOWA, July 26, 1995 - Stuart Entertainment, Inc.
(NASDAQ/STUA) announced today the signing of a licensing and marketing agreement
with Playprint Limited, headquartered in Dublin, Ireland. This relationship will
permit Stuart to discontinue its manufacturing operation in the United Kingdom,
focus on marketing opportunities and dramatically improve its financial
performance.
Under the agreement, Playprint will pay royalties to Stuart for use of
certain of the Company's trademarks, technologies and equipment for the
production of bingo tickets and ink markers. Stuart Entertainment England, a
wholly owned subsidiary, has manufactured and marketed bingo paper and other
bingo products for two years.
"Our United Kingdom operation hasn't met our expectations and this
agreement, with a strong well-positioned local company with a fine reputation,
will result in a significant swing in profitability," explained Albert F.
Barber, Vice Chairman and Chief Executive Officer of Stuart Entertainment.
He noted that Stuart Entertainment England incurred a loss of $415,000
in 1994 and had an estimated operating loss of about $900,000 for the first half
of 1995. In addition, the subsidiary will record a one-time pretax charge of
approximately $800,000 in this year's second quarter related to the shutdown of
its U.K. manufacturing facility and consolidation of its activities with
Playprint. Barber emphasized, "This agreement should also serve as a model for
other international opportunities."
Manus MacCrosain, Playprint's managing director, commented, "We are
extremely pleased with this agreement and are confident that it will be of
significant benefit to both organizations."
Stuart Entertainment is the world's largest manufacturer of bingo paper
and related electronic gaming equipment, breakopens and associated products.
