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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): May 12, 2000
HPSC, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 0-11618 04-256004
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
60 State Street, Boston, MA 02109
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (617) 720-3600
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ITEM 5. OTHER EVENTS.
On May 12, 2000, the Board of Directors of HPSC, Inc. (the "Company")
announced that the Company has filed an application to list on the American
Stock Exchange. HPSC anticipates that its shares will start trading on the AMEX
on May 17, 2000 under the symbol HDR.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
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EXHIBIT NUMBER
99.1 Press Release
SIGNATURES
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.
HPSC, Inc.
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Registrant
DATED: May 16, 2000 By: /s/ John W. Everets
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John W. Everets
Chairman and Chief
Executive Officer
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EXHIBIT 99.1
NEWS RELEASE
Financial news contact: John Everets May 12, 2000
Chairman and CEO Boston, MA
(617)720-3600
HPSC, INC. TO MOVE TO THE AMERICAN STOCK EXCHANGE
BOSTON, MASSACHUSETTS, May 12, 2000 - HPSC, Inc. (Nasdaq: HPSC) today
announced that it has filed an application to list on the American Stock
Exchange. HPSC anticipates that its shares will start trading on the AMEX on May
17, 2000 under the symbol HDR.
HPSC's chairman John Everets looks forward to the move and believes
"that the American Stock Exchange is a better marketplace for our securities and
will provide our existing and future shareholders with improved liquidity of
their holdings."
ADDITIONAL INFORMATION.
HPSC, Inc. is a leading non-bank financial service company which
provides leasing and other financing opportunities to medical and dental
professions in all fifty states. The Company's subsidiary, American Commercial
Finance Corporation (ACFC), provides asset-based lines of credit to
manufacturing and distribution companies throughout the eastern United States.
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This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act. When used in this press release,
the words "believes," "expects," "intends," "plans," "may," "will" and similar
expressions are intended to identify forward-looking statements. Such statements
are subject to a number of risks and uncertainties that may cause actual results
to differ materially from those indicated by such forward-looking statements.
The risks include, but are not limited to, general economic conditions, market
demand and pricing of the company's products, competitive and cost factors,
rapid technological change, new product introductions, and the like and other
risks listed from time to time in our reports filed with the Securities and
Exchange Commission, which factors are incorporated herein by reference. HPSC is
under no obligation and expressly disclaims any obligation to update or alter
its forward-looking statements, whether as a result of new information, future
events or otherwise.
