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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): April 25, 1997
GOLF TRAINING SYSTEMS, INC.
(Name of registrant as specified in its charter)
Delaware 0-25332 58-1963120
(State or other jurisdiction of Commission file number (I.R.S. Employer
incorporation or organization) Identification No.)
3400 Corporate Way, Suite G
Duluth, Georgia 30136
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (770) 623-6400
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Item 5. Other Events.
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The Company has reached an impasse in its efforts to negotiate a mutually
acceptable restructuring of its Sports Training Systems ("STS") business venture
with BioMechanics, Inc. and its affiliates. As a result, the Company has filed
a lawsuit against BioMechanics, Inc. and its affiliates for failure to perform
their duties in connection with the development of the 3D motion capture
technology for commercial application to golf training, instruction and
teaching. The Company has a 57% ownership interest in STS, which licensed the
use of such technology for golf applications. The Company is unable to forecast
when STS may begin to license third parties to operate retail golf learning
centers utilizing the 3D motion capture technology to analyze individual golf
swings on a fee basis.
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SIGNATURE
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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, on April 30, 1997.
GOLF TRAINING SYSTEMS, INC.
By: /s/ Daniel A. Gordon
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Daniel A. Gordon
Chief Executive Officer
