SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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)
January 11, 1998 (January 8, 1999)
THE VILLAGE GREEN BOOKSTORE, INC.
(Exact name of registrant as specified in its charter)
New York 0-00167 16-1181167
(State of other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
766 Monroe Avenue
Rochester, New York 14607
(Address of Principal Executive Offices)
Registrant's telephone number, including area code: (716) 461-5380
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THE VILLAGE GREEN BOOKSTORE, INC.
TABLE OF CONTENTS
FOR
CURRENT REPORT ON FORM 8-K
Item 5. Other . . . . . . . . . . . . . . . . . . . . . . . . 3
Item 7. Exhibit . . . . . . . . . . . . . . . . . . . . . . . 4
Signature . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
328888_1
2
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Item 5. Other
On January 8, 1999, The Village Green Bookstore, Inc., a New York
corporation ("Village Green"), which has operated for the last twelve months
while in Chapter 11reorganization proceedings, announced that it had determined
that it would be necessary to commence a Going Out of Business sale at its
flagship and only remaining store in Rochester and that it had no current plans
to continue operations after concluding the sale, which requires Bankruptcy
Court approval.
The press release with respect to the above-described announcement is
filed herewith as Exhibit 99.1.
3
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Item 7. Exhibit
(c) Exhibit. The following material is filed as an exhibit to this
Current Report on Form 8-K:
Exhibit
Number Description of Exhibit
- ------ ----------------------
99.1 Press release
4
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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 thereunto duly authorized.
THE VILLAGE GREEN BOOKSTORE, INC.
Registrant
Date: January 11, 1999 By:/s/Gary Robinson
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Gary Robinson
President
5
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INDEX TO EXHIBITS
Sequential
Page
Description Number
99.1 Press release 7
6
The Village Green Bookstore, Inc.
766 Monroe Ave
Rochester, New York 14607
716-461-5380 Fax 716-461-9333
FOR IMMEDIATE RELEASE
PRESS RELEASE, ROCHESTER, NEW YORK
JANUARY 8, 1999
Village Green Bookstore, Inc. 766 Monroe Ave. Rochester New York (trading symbol
BOOK) today announced that it had determined that it would be necessary to
commence a Going Out of Business sale at its flagship and only remaining store
in Rochester. The Company which has operated for the last twelve months while in
Chapter 11, currently has no plans to continue operations after concluding the
sale, which required Bankruptcy Court approval.
The Company's decision was announced following a disappointing holiday season
which saw increasing competition from national booksellers as well as intense
competition from Internet booksellers. The combination has created a situation
whereby profit margins continue to shrink.
Additionally the Company has reached the limits on its credit facility with its
D.I.P. lender and no new credit will be made available.
Company President Gary Robinson, stated that "the decision was made with deep
regret and the Company wants to thank its loyal customers and hopes that they
will take advantage of the up coming Going Out of Business Sale".
Respectfully Submitted
Village Green Bookstore, Inc.
Contact:
Gary Robinson 716-461-5380
