-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 22, 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 22, 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 SET
International, a Xerox Company ("SET"). This commitment, in
conjunction with the commitment for orders already received by IBM
Corporation provides Accent with commitments for orders totaling
in excess of $10 million dollars for calendar year 2000. The
Company issued a press release entitled "Accent Color Sciences
Receives Substantial Orders from SET International, A Xerox
Company" on July 22, 1999, a copy of which is filed herewith as an
exhibit hereto.
Item 7. Financial Statements and Exhibits
(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 26, 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 22, 1999 4
Accent Color Sciences
July 22, 1999
Page 2
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 22, 1999
ACCENT COLOR SCIENCES RECEIVES SUBSTANTIAL ORDERS
FROM GROUPE SET INTERNATIONAL, A XEROX COMPANY
EAST HARTFORD, Connecticut, July 22,1999 - 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, Groupe SET
International, a Xerox company.
Groupe SET, acquired earlier this year by Xerox Corporation
(NYSE: XRX), provides high-speed, digital, black and white,
continuous-feed printers for the European marketplace. This
commitment, in conjunction with one already received from IBM
Corporation (NYSE: IBM), provides Accent Color with orders
totaling in excess of $10 million.
Charles E. Buchheit, president and chief executive officer,
said: "We are pleased with this demonstration of commitment to
continuing our successful relationship with Groupe SET. As a
Xerox company, Groupe SET is now well positioned to expand its
presence in the European printer market and Accent Color is
excited about continuing the partnership. Although Accent Color
still has a requirement for additional capital, I believe that
these commitments for next year will help us to achieve the
necessary financing."
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; (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.
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