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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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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 18, 1999
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AMERICAN STONE INDUSTRIES, INC.
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(Exact Name of Registrant as Specified in Charter)
Delaware 0-22375 13-3704099
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(State of Other Jurisdiction) (Commission (I.R.S. Employer
of Incorporation) File Number) Identification Number)
8705 Quarry Road, Amherst, Ohio 44001
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (440) 986-4501
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Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
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ITEM 5. OTHER EVENTS.
On August 20, 1999, American Stone Industries, Inc. issued a news
release, a copy of which is filed herewith as Exhibit 99.1.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS.
(c) Exhibits.
99.1 News release dated August 20, 1999.
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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.
AMERICAN STONE INDUSTRIES, INC.
By: /s/ Thomas H. Roulston, II
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Thomas H. Roulston, II
Chairman
Date: August 25, 1999
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EXHIBIT INDEX
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Exhibit Number Description
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99.1 News release dated August 20, 1999.
E-1
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EXHIBIT 99.1
AMERICAN STONE NAMES JAMES RALLO INTERIM PRESIDENT
AMHERST, Ohio--(BUSINESS WIRE)--Aug. 20, 1999--American Stone
Industries, Inc. (OTC BB: AMST-news), today announced that its board of
directors has elected James Rallo interim president of the Company.
David A. Tyrrell, the former president, will continue to work with
American Stone in sales and marketing.
James Rallo, 50, is the owner of MQS Engineering, Twinsburg, Ohio, a
manufacturing and engineering consulting firm. Prior to founding MQS in
1993, Rallo was manager of manufacturing for the Metaullics Division of
Carborundum Corporation, in Solon, Ohio, at the time a unit of BP
America. Before he joined Metaullics, he was manufacturing manager at
Allied Steel & Tractor, Solon, Ohio. He holds a bachelor's degree in
engineering from Syracuse University.
"Cleveland Quarries has been struggling to keep up with demand at the
same time it is bringing a number of new pieces of equipment on line,"
said Thomas H. Roulston, II, chairman of American Stone Industries.
"Being based in Toronto, David was hard pressed to keep on top of these
production issues in addition to his responsibilities for sales and
marketing. Jim Rallo has been working actively as a consultant at
Cleveland Quarries in Amherst since October 1998. He has developed a
new business plan and helped improve our production processes. With Jim
we bring on a top executive with extensive manufacturing experience,
and we enable David to concentrate on his forte, sales and marketing,
particularly in his home Canadian market." Roulston said the Company
would begin a search for a permanent president as Rallo manages the
business.
American Stone Industries is a holding company that mines and sells
stone predominantly for the building stone market through its wholly
owned subsidiaries, American Stone Corporation and Tyrrell Stone
Design, Ltd. American Stone Corporation owns and operates the Cleveland
Quarries in Amherst, Ohio, one of the world's largest sandstone
quarries. Tyrrell Stone Design provides design drawings to architects
and acts as the Company's Canadian sales office. The Company's stock is
traded on the OTC Bulletin Board under the symbol AMST. For additional
information, see the American Stone web site at http:/www.amst.com.
Contact:
Edward Howard & Co.
Patrick Gallagher, 216/781-2400
