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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) April 14, 1997
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ABS Group Inc.
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(Exact name of registrant as specified in charter)
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Delaware 0-19814 87-0462198
(State or Other (Commission (IRS Employer
Jurisdiction of File Number) Identification
Incorporation) Number)
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818 East South Temple Street, Salt Lake City, Utah 84102
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 801-521-8000
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2936 Sierra Point Place, Salt Lake City Utah 84198
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(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 - (a) 5,204 shares of $.0001 par value common stock sold at
$2.50 per share - with net funds of $10,343 received by Registrant on
April 14, 1997.
B. NAME OF THE PLACEMENT AGENT(S) IS - Berkshire International
Finance, Inc.
C. CONSIDERATION RECEIVED - Total consideration paid was $13,010
($2.50 per share) after deductions totaling $2,667 representing
placement agent fee, escrow fee and/or related costs and expenses.
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
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Emanuel A. Floor, President
Date: April 25, 1997
