ABS GROUP INC
8-K, 1996-12-16
INVESTORS, NEC
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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  2, 1996
                                                ---------------------------

                                 ABS Group Inc.
              --------------------------------------------------
              (Exact name of registrant as specified in charter)


   Delaware                          0-19814               87-0462198
(State or Other                  (Commission             (IRS Employer
Jurisdiction of                  File Number)             Identification
Incorporation)                                              Number)


2936 Sierra Point Place, Salt Lake City, Utah             84198
- -----------------------------------------------------------------------
(Address of principal executive offices)               (Zip code)


Registrant's telephone number, including area code        801-521-8000
                                                    --------------------


          ------------------------------------------------------------
          (Former name or former address, if changed since last report)


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ITEM 9.  SALES OF EQUITY SECURITIES PURSUANT TO REGULATION S

         The following information is furnished in accordance with Item 701 of
Regulation S-B as to all equity securities of the registrant sold by the
registrant that were not registered under the Securities Act of 1933 ("Act") in
reliance upon Regulation S under the Act.

A.       TITLE AND AMOUNT OF SECURITIES SOLD AND THE DATE OF THE TRANSACTION -
         100,000 shares of $.0001 par value common stock sold at $2.50 per share
         with net funds received by registrant on December 2, 1996.

B.       NAME OF THE PLACEMENT AGENT(S) IS - Trianon Management, AG.

C.       CONSIDERATION RECEIVED - Total consideration paid was $250,000 ($2.50
         per share) with registrant receiving net of $221,750.08.

D.       PERSONS OR CLASSES OF PERSONS TO WHOM THE SECURITIES WERE SOLD AND
         EXEMPTION FROM REGISTRATION CLAIMED - Non-U.S. persons eligible for
         utilization of Regulation S under the Act as not being a "U.S. person"
         as defined in Rule 902(o), which person(s) has warranted and
         represented in an Off-Shore Securities Subscription Agreement that he
         or it is eligible to utilize such exemptions as afforded to non-U.S.
         persons in accordance with aforesaid Regulation S under the Act.



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                                   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.

                                             ABS GROUP INC.



                                             By /s/Emanuel A. Floor
                                                ------------------------------
                                                 Emanuel A. Floor, President

Date:  December 16, 1996



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