SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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)
October 7, 1998
ABC DISPENSING TECHNOLOGIES, INC.
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(Formerly known as Pacific Forest Corporation)
(Exact name of registrant as specified in charter)
Florida
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(State or Other Jurisdiction of Incorporation)
0-14922 59-2001203
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(Commission file number) (IRS employer identification no.)
451 Kennedy Road, Akron, Ohio 44305
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(Address of principal executive offices) (Zip Code)
330-733-2841
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(Registrant's telephone number, including area code)
<PAGE>
Item 5. Other Events.
ABC Dispensing Technologies, Inc. (the "Company") received correspondence
after the close of business on October 7, 1998 from NASDAQ indicating a decision
to delist the Company's common stock from The NASDAQ Small Cap Market effective
with the close of business on October 7, 1998. The Company has issued a press
release regarding this event which is attached hereto as Exhibit 99.1.
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits.
99.1 Press Release Re: NASDAQ delisting.
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<PAGE>
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.
(Registrant) ABC DISPENSING TECHNOLOGIES, INC.
Date: October 8, 1998 By: /s/ Charles M. Stimac
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Charles M. Stimac, Jr., President
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Contact: Charles M. Stimac, Jr., President and CEO FOR IMMEDIATE RELEASE
(330.733.2841)
ABC DISPENSING TECHNOLOGIES INC. REPORTS NASDAQ DELISTING
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Akron, Ohio, October 7, 1998-ABC Dispensing Technologies, Inc. (OTC: ABCC)
today announced that it received correspondence after the close of business on
October 7, 1998 from NASDAQ indicating a decision to delist the Company's common
stock from The NASDAQ Small Cap Market effective with the close of business on
October 7, 1998.
On October 8, 1998, the common stock of the Company became eligible for
trading on the OTC Bulletin Board. This event followed a decision by NASDAQ
Listing Qualifications Panel regarding the Company's appeal for a temporary
exemption from the recently adopted requirements for continued listing on The
NASDAQ Small Cap Market.
As of today, seven broker-dealers have continued to publish quotations and
otherwise make a market in the Company's common stock on the OTC Bulletin Board.
The Company believes other broker-dealers will similarly publish quotations for,
and make a market in, the Company's common stock.
These forward looking statements are subject to a number of risks and
uncertainties, and actual results may differ materially. Please refer to our
Securities and Exchange Act reports for more information on the risk factors
that could cause actual results to differ.
ABC Dispensing Technologies, Inc. provides user-friendly solutions to
world-wide customers with need for fast, precise and reliable measurement and
control of high-volume dispensing of beverages, other liquids, paints, powders
and other granular ingredients.
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