-3-
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) July 15, 1999.
Accent Color Sciences, Inc.
(Exact name of registrant as specified in its charter)
Connecticut 0-29048 06-1380314
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
800 Connecticut Boulevard, East Hartford, CT 06103
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (860) 610-4000
This is page 1 of 4 pages. Exhibit Index is on Page 3
Item 5. Other Events
On July 15, 1999, Accent Color Sciences, Inc. (the
"Company"), announced that it has received a commitment for orders
totaling in excess of $5 million for calendar year 2000 from IBM
Corporation ("IBM"). The Company issued a press release entitled
"Accent Color Sciences Receives Substantial IBM Orders for 2000"
on July 15 1999, a copy of which is filed herewith as an exhibit
hereto.
Item 7. Financial Statements and Exhibits
(a) Financial statements of businesses acquired.
Not applicable.
(b) Pro forma financial information.
Not applicable.
(c) Exhibits.
A copy of the press release referred to in Item 5 above
is filed herewith as Exhibit 99.1.
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.
ACCENT COLOR SCIENCES, INC.
Date July 15, 1999 By:/s/Charles E. Buchheit
Charles E. Buchheit
President and Chief Executive Officer
EXHIBIT INDEX
Exhibit No. Description Page No.
99.1 Press Release issued July 15, 1999 4
CONTACT:
Tracy Hubert, Acting Chief Financial Officer Mark Perlgut/Cynthia Bond
Accent Color Sciences, Inc. Lobsenz Stevens, Inc.
(860) 610-4000, Ext. 4015 (212) 684-6300
FOR IMMEDIATE RELEASE
July 15, 1999
ACCENT COLOR SCIENCES RECEIVES SUBSTANTIAL ORDERS FOR 2000
EAST HARTFORD, Connecticut, July 15, 1999 - Accent Color
Sciences, Inc. (OTC Bulletin Board: ACLR), a leading provider of
high-speed highlight color printing systems, today announced that
it has received a commitment for orders in excess of $5.0 million
for calendar year 2000 from one of its major customers, IBM
Corporation. The orders are subject to certain conditions and
cancellation rights.
Charles E. Buchheit, president and chief executive officer,
said: "Our printers installed in high volume statement printing
applications show that industry leaders are interested in
adopting our technology. I need to caution, however, that we
still have a requirement for additional capital."
Accent Color Sciences, Inc. designs, manufacturers and sells
innovative, high-speed highlight color digital printing systems -
TruecolorT Systems - for the production printing and production
publishing segments of the printing industry. TruecolorT
Systems, when integrated with high-speed, digital, black and
white printers, create a system that prints or highlights
critical information in multiple colors for large-volume
applications. Such applications include billing statements,
account statements, invoices, legal notices, brochures, financial
reports and short-run, on-demand publications.
"Safe Harbor" Statement Under the Private Securities Litigation
Reform Act of 1995: The statements contained in this news
release that are forward-looking are based on current
expectations that are subject to a number of uncertainties and
risks, and actual results may differ materially. Those risks and
uncertainties include, but are not limited to: (i) the level of
customer acceptance of the Company's products; (ii) the ability
of the Company to raise capital sufficient to support its
business plan; (iii) the rights of customers of the Company to
modify or cancel orders under the terms of related product
purchase agreements, as amended, to which reference is made for
more detailed information; (iv) the dependence of the Company on
third-party suppliers for certain key technology elements, and
(v) the potential fluctuations in the Company's quarterly results
of operations. Further information on factors that could cause
actual results to differ from those anticipated is detailed in
the Company's annual report on Form 10-K for 1998, quarterly
reports on Form 10-Q, and other filings with the Securities and
Exchange Commission.
NOTE: Press releases and other information are available on
Accent Color Sciences World Wide Web site at
http://www.accentcolor.com.
