FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported):
December 30, 1997
APOLLO EYE GROUP, INC.
(Exact name of the small business issuer as specified in its
charter)
Delaware 0-23184 65-0257498
(State or other (Commission (I.R.S. Employer
jurisdiction of File Identification
incorporation or Number) No.)
organization)
2424 N. Federal Highway, Suite 405, Boca Raton, Florida 33431
(Address of Principal Executive Office)
(561) 395-5402
(Registrant's telephone number including area code)
<PAGE>
INFORMATION TO BE INCLUDED IN THE REPORT
Items 1,2, 4, 5, 6 and 8 are not applicable and are omitted
from this report.
Item 3. Bankruptcy or Receivorship
On December 30, 1997, Voluntary Petitions for relief under
Chapter 11, Title 11 of the United States Bankruptcy Code
were filed by Apollo Eye Group, Inc. and two of its
subsidiaries, Apollo Eye Associates, Inc. and J. K.
Enterprises of Deerfield Beach, Inc., in the United States
Bankruptcy Court for the Southern District of Florida.
The cases will be jointly administered under Case Number
97-36593-BKC-PGH.
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits
(a) Financial Statements of Business Acquired.
Not Applicable.
(b) Pro Forma Financial Information.
Not Applicable.
Exhibits
Exhibit 99 - Additional Exhibits - Press Release
<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.
Date: January 9, 1998 APOLLO EYE GROUP, INC.
By /s/
J. Richard Damron, Jr.
Chief Financial Officer
<PAGE>
EXHIBIT 99
PRESS RELEASE
January 12, 1998
Apollo Eye Group, Inc. and two of its subsidiaries, Apollo
Eye Associates, Inc. and J. K. Enterprises of
Deerfield Beach, Inc. filed Voluntary Petition for relief
under Chapter 11 of the United States Bankruptcy Code on
December 30, 1997 in the U.S. Bankruptcy Court for the
Southern District of Florida. The action was taken
because of a large judgment against the Company in an
age discrimination lawsuit (as previously announced by
the Company), other legal claims for which the Company
is responsible as a result of its August 1995 merger
with United Vision Group, Inc. and other operational
problems.
The Company's managed care subsidiaries, Apollo EyeCare
Management Corporation and Apollo Eye Group of Puerto
Rico, Inc. and a related entity, Optiplan, Inc., have not
filed for bankruptcy protection.
Apollo expects to continue operations during its
reorganization.
Apollo Eye Group, Inc. is a physician practice management
company with 12 practice locations located in Dade, Broward
and Palm Beach Counties, Florida, providing ophthalmic
and optometric care. Apollo Eye Group, Inc. provides
vision care insurance plans throughout Florida and Puerto
Rico.
Certain statements in this news release consist of forward
looking statements that involve risks and uncertainties,
including the Company's ability to complete a successful
Plan of Reorganization and other risks detailed from time
to time in the reports filed by the Company with the
Securities and Exchange Commission.
For further information contact:
J. Richard Damron, Jr.
Apollo Eye Group, Inc.
2424 North Federal Highway, Suite 405
Boca Raton, Florida 33431
Telephone: (561) 395-5402
Telefax: (561) 395-5989
