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UNITED STATES
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
August 1, 1995
AMERICAN BUSINESS COMPUTERS CORPORATION
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(Exact name of registrant as specified in its chater)
FLORIDA 0-14922 59-2001203
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(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)
451 KENNEDY ROAD
AKRON, OHIO 44305
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(Address or principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (216) 733-2841
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ITEM 5. Other Events
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The Company hereby reports on an event that it deems important to its
security holders:
A. On July 17, 1995, the Company received a $7 million initial order for
its Juice Dispenser. This is the largest single order the Company has ever
received and brings the Company's backlog to a record $9.4 million. The
customer name and market cannot be divulged at this time pursuant to their
request for secrecy for competitive reasons.
Please see the attached Exhibit I for the press release.
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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 hereunto duly authorized.
AMERICAN BUSINESS COMPUTERS
CORPORATION
Date: August 1, 1995 By: GARY T. SALHANY
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Gary T. Salhany
Treasurer
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EXHIBIT I
LOGO FOR IMMEDIATE RELEASE
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Contact: Sylvia Dresner, Dir. Investor Relations
(212) 575-6567
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Innovative Solutions Through Applied Science
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AMERICAN BUSINESS COMPUTERS RECEIVES $7 MILLION ORDER
FOR ITS JUICE DISPENSING SYSTEM
LARGEST SINGLE ORDER IN ITS HISTORY BRINGS BACKLOG TO $9.4 MILLION
Akron, OH, July 19, 1995 -- American Business Computers Corporation (NASDAQ:
ABCC), the leader in automated dispensing technology, announced today that it
has received a $7 million initial order for its Juice Dispenser. This is the
largest single order the company has ever received and brings the company's
backlog to a record $9.4 million.
According to CEO Robert A. Cutting, this order marks a substantial reduction
in turnaround time between research and development and the initial commercial
order for a major new product. Last month, the company announced that it had
filed for a patent on the controlling electronics and software and that field
testing would start in record time for the initial customer. "We have developed
a commercial breakthrough product that substantially reduces waste, spoilage
and dispensing time. The size of the initial order provides a strong indication
that juice dispensing is a major new product category for our beverage
division," Mr. Cutting said. He noted that shipments are expected to start in
the latter part of the current fiscal year, with the balance delivered in
fiscal 1997.
The microprocessor-driven system mixes and dispenses from juice concentrates,
ensuring a controlled misture and an accurate, standard portion. Mr. Cutting
noted that the system has broad commercialization prospects. "Today, juices are
only available in cans, cartons or bottles at most restaurants and other juice
dispensing locaitons. Our technology is adaptable for fountain juice dispensing
for today's many health conscious consumers," he added.
American Business Computers is engaged in research, development and
commercialization of automated dispensing technologies which have broad
industrial applications.
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