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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): December 23, 1998
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POLYVISION CORPORATION
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(Exact name of registrant as specified in its charter)
New York 1-10555 13-3482597
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
48-62 36th Street
Long Island City, New York 11101
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (718) 729-1050
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CURRENT REPORT ON FORM 8-K
POLYVISION CORPORATION
December 23, 1998
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) EXHIBITS.
Exhibit No. Description
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99.1 Press Release issued by PolyVision Corporation on
December 23, 1998 announcing change in fiscal year.
Item 8. CHANGE IN FISCAL YEAR
As of December 23, 1998, the Board of Directors of the
Registrant determined to change the fiscal year end of the Registrant
from April 30 to December 31 of each year, commencing with the fiscal
year ending December 31, 1998. The Registrant will file its Transition
Report on Form 10-K for the fiscal year ended December 31, 1998 within
90 days after the end of such fiscal year.
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 thereunto duly authorized.
Date: December 23, 1998
POLYVISION CORPORATION
By: /s/ Joseph A. Menniti
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Joseph A. Menniti
Chief Executive Officer
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EXHIBIT 99.1
PRESS RELEASE
PolyVision Corporation Adopts Calendar Year End as Reporting Period
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Long Island City, New York, December 23, 1998 - PolyVision
Corporation (Nasdaq-Amex: PLI) announced today that its Board of Directors
has approved the change of its fiscal year from an April 30 year end to
December 31 year end, effective with the December 31, 1998 reporting period.
Joseph A. Menniti, Chief Executive Officer, commented that "this
change is more conducive to our customer base, the current fiscal year of the
recently-acquired Alliance International Group and other publicly-traded
companies in the Education Products and Point of Purchase markets."
Mr. Menniti further commented that "the integration of Alliance
International Group with PolyVision is moving ahead on schedule and we fully
expect to realize the projected synergies and overall growth during calendar
year 1999 and subsequent years in accordance with our corporate plans."
PolyVision, headquartered in Long Island City, New York, is a leading
manufacturer and supplier of visual communication products for the
educational and institutional markets, and point-of-sale display products for
the fast food and financial services markets.
Except for the historical information herein, the matters discussed
in this news release include forward-looking statements that may involve a
number of risks and uncertainties. Actual results may vary significantly
based on a number of factors, including, but not limited to, risks in product
and technology development, market acceptance of new products and continuing
product demand, the impact of competitive products and pricing, changing
economic conditions, including changes in short-term interest rates and
foreign currency fluctuations, and other risk factors detailed in the
Company's most recent annual report and other filings with the Securities and
Exchange Commission.
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