UNITED STATES
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): August 8, 1996
VALLEY SYSTEMS, INC.
(Exact name of registrant as specified in its charter)
State of incorporation: Delaware Commission file number: 0-19343
FEIN: 34-1493345
11580 Lafayette Drive NW, Canal Fulton, Ohio 44614 (216)854-4526
(Address and telephone number of principal executive offices)
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Item 5. Other Events
On August 8, 1996 the Registrant issued the attached press release.
Item 7. Financial Statements and Exhibits
(a) Exhibits
1. Press Release, dated August 8, 1996, regarding a stock
purchase program.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Valley Systems, Inc.
Date: August 8, 1996 By: / s /Dennis D.Sheets
Dennis D. Sheets
Chief Financial Officer
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Exhibit
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Valley Systems, Inc.
For information contact:
DENNIS D. SHEETS
330-854-4526
FOR IMMEDIATE RELEASE
VALLEY SYSTEMS, INC. ANNOUNCES SHARE PURCHASE PROGRAM
CANAL FULTON, August 8, 1996 - Valley Systems, Inc., listed on the Nasdaq Stock
Market (Symbol VALE) announced today that its Board of Directors has approved a
share purchase program, whereby the Company may purchase up to 500,000 shares of
its Common Stock on the open market at up to $1.25 per share. This program will
begin Monday, August 12, 1996, and last indefinitely.
Ed Strickland, President and CEO, stated "This is a very positive move for
Valley Systems, and demonstrates the confidence our Board of Directors has in
management and the future of the company. We believe our stock has been
undervalued for some time. This program is an excellent investment for our
shareholders and should contribute to increased earnings per share in the
future."
Valley Systems provides specialized cleaning and other services to industrial
businesses through the use of ultra-high pressure waterjet technology, as well
as water blasting, vacuum, and other procedures.
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