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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): APRIL 13, 1999
AXIOHM TRANSACTION SOLUTIONS, INC.
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(Exact name of registrant as specified in its charter)
CALIFORNIA 0-13459 94-2917470
(State or jurisdiction of (Commisson File (I.R.S. Employer
incorporation or Number) Identification No.)
organization)
1787 SENTRY PARKWAY WEST
BUILDING 16, SUITE 450
BLUE BELL, PA 19422
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(Address, including zip code, of principal executive offices)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (215) 591-0940
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(Former name or former address, if changed since last report)
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Item 5. OTHER EVENTS.
The following is the full text of the press release made by the Registrant
on April 13, 1999:
"Axiohm Transaction Solutions To Explore Strategic Alternatives April 13, 1999
BLUE BELL, Pa.--(BUSINESS WIRE) via NewsEdge Corporation -- Warburg Dillon Read
LLC To Assist In Evaluation Of Options
Axiohm Transaction Solutions, Inc. (Nasdaq:AXHM), announced today that its Board
of Directors has decided to explore various strategic alternatives to help the
company capitalize on its value as a leading provider of advanced "front
end" transaction processing solutions, which include transaction printers,
magnetic card and smart card readers, bar code readers and printers and data
management.
The Company has retained Warburg Dillon Read LLC as financial advisor to assist
the Company in analyzing and pursuing strategic alternatives that would maximize
shareholder value.
Nicolas Dourassoff, Chief Executive Officer stated: "Over the past two
years we have successfully completed a merger and several acquisitions, brought
new products on line, and are successfully undertaking a major manufacturing
restructuring. We are now a world leader in our product areas and one of the few
companies capable of providing technologically innovative, cost-effective
"front end" transaction processing solutions. Our integrated approach,
based on our proven research, hardware and software design, technology and
manufacturing skills, enables us to develop both customer specific and standard
products and services for customers in this growth area."
Separately, the Company announced that it has been notified by The Nasdaq Stock
Market that the Company's common stock will be de-listed for failing to maintain
the requisite number of market makers. The Company intends to seek a
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hearing on this matter and understands that any final decision on de-listing
will be stayed pending such hearing and a final decision.
Axiohm Transaction Solutions, based in Blue Bell, PA, is one of the world's
largest designers, manufacturers and marketers of transaction printers in the
world. Transaction printers are used in retail, financial and commercial
transactions to provide transaction records such as receipts, tickets, register
journals, checks and other documents. It also has related businesses involving
point of sale bar code scanners, and smart card readers. The Company operates on
a worldwide basis with significant activities in North America and Europe. The
Company sells its products through OEMs, VARs/ISVs and distributors to its end
users.
Business Wire, 04-12-99, 18:20 Eastern
CONTACT: Axiohm Transaction Solutions, Blue Bell / Nicolas Dourassoff / Chief
Executive Officer / (215) 591-0940 / or / Morgen-Walke Associates, New York /
Michele Katz, Elric Martinez / Press: Brian Maddox / (212) 850-5600
[Copyright 1999, Business Wire]"
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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.
AXIOHM TRANSACTION SOLUTIONS, INC.
Dated: April 19, 1999 By: /s/ Walter S. Sobon
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Walter S. Sobon, Chief Financial Officer
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