UNITED STATES
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 29, 1997
CANMAX INC.
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Exact Name of Registrant as Specified in its Charter)
Wyoming 0-22636 75-2461665
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(State or other (Commission File Number) (I.R.S. Employer
Jurisdiction of Identification No.)
Incorporation)
150 West Carpenter Freeway, Irving, Texas 75039
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (972) 541-1600
_____________________________________________________________________
(Former Name or Former Address, If Changed Since Last Report)
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Item 5. Other Events.
As permitted by General Instruction F to Form 8-K promulgated
under the Securities Act of 1934, as amended, Canmax Inc. (the
"Registrant") is filing as an Exhibit to this Current Report on Form
8-K that press release issued by and on behalf of the Registrant on
May 2, 1997, which such press release is specifically incorporated by
reference.
Item 7. Financial Statements, ProForma Financial Information and
Exhibits.
(c) Exhibits
Exhibit No. Document Description
99.1 Press Release issued by the Registrant on
May 2, 1997.
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SIGNATURE
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.
CANMAX INC.
Date: May 2, 1997 By: /s/ Philip M. Parsons
____________________________
Philip M. Parsons
Chief Financial Officer
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EXHIBIT INDEX
Exhibit No. Description
99.1 Press Release issued by the Registrant on
May 2, 1997.
Exhibit 99.1
EDS AND CANMAX MODIFY RELATIONSHIP TO IMPROVE
MARKETING FLEXIBILITY
DALLAS, May 2, 1997---Canmax Inc. (Nasdaq: CNMX) and EDS (NYSE:
EDS) today announced significant changes to their joint marketing
relationship. Effective April 29, 1997, their formal joint
marketing and other supporting business agreements have been
terminated. However, the companies will continue to work together
on an ad hoc basis. Additionally, EDS exercised its option to
acquire up to 25 percent of Canmax's stock and has subsequently
sold this holding, representing approximately 1.8 million shares,
in a private transaction to two Texas-based institutional
investors.
In 1993, the companies entered into a relationship whereby EDS
provided software and marketing development services to Canmax in
exchange for an exclusive joint marketing agreement and an option
to acquire 25 percent of Canmax's stock. While the relationship
has benefited both companies, as the retail petroleum marketplace
has changed, the value of the joint marketing relationship has
changed as well. The steps announced today are the result of both
companies working together to ensure an orderly transition in their
business relationship and to enhance each company's flexibility to
deliver targeted products and services to the marketplace.
Roger D. Bryant, Canmax president and CEO stated, "We are very
pleased that our joint marketing relationship with EDS has been
resolved to our satisfaction and provides Canmax with the best of
both worlds. We can now market our retail petroleum store systems
to a much larger universe of customers and, at the same time, we
can look forward to working with EDS on mutually beneficial
projects." EDS and Canmax continue to actively develop new
offerings to meet the changing needs of the petroleum marketing
industry.
"This change in our business relationship with Canmax is
consistent with our business plan and will help both of our
companies bring better value to our customers," said Ian Miller,
president of the EDS Oil, Gas and Chemicals business unit.
Canmax's earnings per share figures have been reported on a fully
diluted basis, taking into consideration the impact of EDS
exercising its option. The number of shares outstanding is 6.6
million.
<PAGE>
Canmax, based in Irving, Texas, is a leading supplier of
information and automation solutions to the retail petroleum and
convenience store industry. Canmax customers include The Southland
Corporation (7Eleven), ARCO and the Army and Air Force Exchange.
The company has installed sites of approximately 5,900 and offers a
24-hour/seven-day-a-week help desk to support its customers. Its
product line offers cost-effective solutions with full
functionality as well as the option to customize the product to the
customer's needs.
EDS is a leader in the global information services industry. The
company's approximately 100,000 employees specialize in applying a
range of ideas and technologies to help business and government
customers improve their economics, products, services and customer
relationships. EDS, which serves customers in 42 countries,
reported revenues of $14.4 billion in 1996. The company is
independent and publicly owned, and its stock is traded on the New
York Stock Exchange and the London Stock Exchange. EDS can be
visited via the Internet at http://www.eds.com.
