SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Commission File No.: 2-96366-A
CURRENT REPORT
SEPTEMBER 9, 1997
Date of Report (Date of Earliest Event Reported)
VANDERBILT SQUARE CORP.
Florida 59-24834
(State of Other Juris- (IRS Employer Iden-
diction of Incorporation) tification Number)
3040 E. Commercial Blvd., Ft Lauderdale, Florida 33308
(Address of Principal Executive Offices) (Zip Code)
(954) 776-0902
(Registrant's Telephone Number
Including Area Code)
(Former Name or Former Address, if
Changed Since Last Report)
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
On September 9, 1997, the Company entered into a preliminary Letter of
Intent to acquire all of the issued and outstanding Capital Stock of Michael's
International Treasure Jewelry, Inc., a closely-held Florida corporation with
several operating locations in the cities of Miami and Key West, Florida.
Michael's International Treasure Jewelry, Inc. is engaged in the
manufacture of rare treasure jewelry at its facility in the Seybold Building
in Miami, Florida. That company manufactures treasure jewelry for its own
sales and distribution operations and represents to the Company that its sales
are, accordingly, made at margins above customary margins in the personal
jewelry industry.
The Letter of Intent entered into by the Company and Michael's
International Treasure Jewelry, Inc. is preliminary and itself specifies that
the entire business combination contemplated is contingent upon the parties'
subsequent ability to negotiate and execute a definitive acquisition
agreement. There is and can be no assurance whatsoever that the Company may
encounter one or more insurmountable obstacles to the transaction contemplated
in the Letter of Intent in the process of developing a definitive acquisition
agreement. In that event, the parties may abandon the proposed transaction
and the Company will have, in the premises, sustained significant legal and
accounting costs, the expenditure of which will have an adverse rather than a
beneficial effect on the Company's financial condition.
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
VANDERBILT SQUARE CORP.
Dated: September 17, 1997
BY:/s/Larry Schwartz
Larry Schwartz, President
