4
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): October 3, 1997
MONACO FINANCE, INC.
(Exact name of registrant as specified in its charter)
Colorado
(State or Other Jurisdiction of Incorporation or Organization)
0-18819
(Commission File Number)
84-1088131
(I.R.S. Employer Identification No.)
370 Seventeenth Street, Suite 5060 Denver, Colorado 80202
(Address of Principal Executive Offices)
(303) 592-9411
(Registrant's Telephone Number, Including Area Code)
N/A
(Former Name, Former Address and Former Fiscal Year, if Changed Since Last
Report)
Total number of pages is 4.
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MONACO FINANCE, INC.
FORM 8-K
October 3, 1997
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
The following documents are filed as exhibits to this Current Report on
Form 8-K.
Exhibit 1 - Press Release of Registrant.
<PAGE>
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.
MONACO FINANCE, INC.
Date: October 3, 1997 By: /s/ Irwin L. Sandler
Irwin L. Sandler
Executive Vice President
<PAGE>
EXHIBIT 1
FROM: MONACO FINANCE, INC.
370 17th Street, Suite 5060
Denver, CO 80202
Contact: Irwin L. Sandler, Executive Vice President
Tel. (303) 592-9411
____________________________________________________________________________
_
FOR IMMEDIATE RELEASE
MONACO FINANCE ANNOUNCES AGREEMENT TO ACQUIRE ASSETS
Denver, Colorado, October 3, 1997 -- Monaco Finance, Inc. (Nasdaq NMS:
MONFA), a leading sub-prime automobile lender, today announced that it has
executed an Asset Purchase Agreement acquire certain assets from affiliates of
Dallas-based Pacific USA Holdings Corp.
The transaction is subject to completion of executed definitive
agreements, satisfactory completion of Monaco Finance's due diligence
investigation, financing, receipt of regulatory approvals, approval of Monaco
Finance's Board of Directors, approval of the shareholders of Monaco Finance
and several other requirements.
Monaco Finance, which is based in Denver and operates in several states,
is one of the nation's most experienced secondary auto finance companies
specializing in acquiring, from automobile dealerships, retail installment
contracts of purchasers of new and late model automobiles. Monaco has
developed sophisticated credit evaluation systems and state-of-the-art loan
monitoring programs to provide a solid platform for future growth.
The forward looking statements included herein are based on current
expectations that involve numerous risks and uncertainties. Assumptions
relating to the foregoing involve judgments with respect to, among other
things, future economic, competitive and market conditions and future business
decisions, all of which are difficult or impossible to predict accurately and
many of which are beyond the control of the Company. Although the Company
believes that the assumptions underlying the forward looking statements are
reasonable, any of the assumptions could be inaccurate and therefore, there
can be no assurance that the forward looking statements included herein will
prove to be accurate. In light of the significant uncertainties inherent in
the forward looking statements included herein, the inclusion of such
information should not be regarded as a representation by the Company or any
other person that the objectives and plans of the Company will be achieved.
