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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
August 5, 1997
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Date of Report
(Date of Earliest Event Reported)
TOPRO, INC.
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(Exact name of Registrant as specified in its charter)
Colorado 0-19167 84-1042227
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(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File No.) I. D. Number)
2525 West Evans Avenue, Denver, Colorado 80219
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(Address of principal executive offices) (zip code)
(303) 935-1221
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(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS.
After market close on August 5, 1997 the Company issued a Press Release,
which is filed as Exhibit 20.1 hereto and incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Not applicable
(b) Not applicable
(c) Exhibits. The following exhibit is filed with this Report:
20.1 Press Release dated August 5, 1997
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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.
Topro, Inc.
Date: August 5, 1997 By: /s/ John Jenkins
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John Jenkins, President and CEO
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EXHIBIT 20.1
PRESS RELEASE
TOPRO, INC.
Topro, Inc.
2525 W. Evans Ave.
Denver, CO 80219
WARRANT EXERCISE AND DEBT CONVERSION STRENGTHENS TOPRO'S BALANCE SHEET
August 5, 1997 - DENVER, CO - Topro Inc. (Nasdaq-TPRO), a leading provider of
automation and information technology solutions to industry, today announced the
company has been successful in the conversion and exercise of a large number of
warrants and options over the past thirty days. The company forecasts cash
proceeds from these transactions to approach $4,000,000.
In addition, Renaissance Capital Growth & Income Fund III, Inc. and
Renaissance U.S. Growth & Income Trust, PLC, the holders of Topro, Inc.
subordinated convertible debt, have converted 43% of the debt into common
stock, a reduction of more than $2,000,000 of Topro, Inc.'s long term debt.
"These latest developments, in addition to the effects of the warrant call
and private equity issues made since the middle of March have added more than
$9,000,000 of new equity. These events will significantly lower our interest
expense and simplify the company's capital structure," John Jenkins, Topro
CEO stated. "The cash infusion is very timely in that it will help
accelerate the launch of our PLANT Y2K ONE -TM- product as we increase our
staff and expand marketing efforts."
Contacts:
Topro, Inc. Pacific Consulting Group, Inc.
John Jenkins Scott Liolios
(303) 935-1221 (714) 574-3860
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