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): January 19, 1998
TREND-LINES, INC.
..............
(Exact name of registrant as specified in its charter)
Massachusetts 0-24390 04-2722797
(State or other (I.R.S. Employer
jurisdiction of (Commission file Identification
incorporation or number) Number)
organization)
135 American Legion Highway, Revere. Massachusetts 02151
..........................................................
(Address of principal executive office) (Zip Code)
(Registrant's telephone number, including area code): (617) 853-0900
Item 5 - Other Events
On January 7, 1998, Trend-Lines, Inc. (the "Registrant")
issued a press release announcing that it had entered into a
definitive agreement to acquire 13 Nevada Bob's franchised stores
located in the New England area from Golf Acquisition Limited
Partnership, a private investment partnership. The Company
purchased the net assets, not including Nevada Bob's franchise
rights, for approximately $5.5 million, subject to an adjustment
for audited operating results. The acquisition was financed from
a draw under the Registrant's revolving credit agreement. Total
sales of the 13 stores during 1996 were approximately $20
million. The Registrant indicated that it will include the 13
stores in its operating numbers effective January 1, 1998. The
stores will immediately be operated as Gold Day stores, bringing
the total number of Golf Day stores to 61, before any possible
consolidations.
Exhibits
Exhibit 1 - Press Release dated January 7, 1998, announcing,
among other things, the acquisition of a chain of 13 Nevada Bob's
Franchise Golf Stores.
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 thereunto duly authorized.
TREND-LINES, INC.
Registrant
Date: January 19, 1998 By: /s/ Karl P. Sniady
Karl P. Sniady
(Executive Vice President,
Chief Financial Officer)
EXHIBIT 1
FOR: TREND-LINES, INC.
APPROVED BY: Stanley D. Black
Chief Executive Officer
(617) 853-0900
CONTACT: Investor Relations:
Naomi Rosenfeld/Heather Anthony
Press: Stacy Berns
Morgen-Walke Associates
(212) 850-5600
TREND-LINES, INC. ACQUIRES A Chain of 13 Nevada Bob's Franchised
Golf Stores.
Revere, MA January 7, 1998 - Trend-Lines, Inc. (Nasdaq:TRND)
announced today that a definitive agreement has been signed
to acquire 13 Nevada Bob's franchised golf stores located in the New
England area from a private investment partnership. Trend-Lines will
purchase net assets, not including Nevada Bob's franchise rights,
for approximately $5.5 million, subject to an adjustment for audited
operating results. Total sales of the 13 stores during 1996 were
approximately $20 million. Trend-Lines will include the 13
stores in its operating numbers effective January 1, 1998. The
stores will immediately be operated as Golf Day stores, bringing
the total number of Golf Day stores to 61, before any possible
consolidations.
Stanley D. Black, Chairman and Chief Financial Officer,
noted, "We are delighted to be adding these 13 Nevada Bob's golf
stores to our store base. This chain, as evidenced by its sales
volume, is a strong performer and will, we believe, be accretive to
earnings. With this acquisition, our internal growth and the recent
addition of the Callaway line, we will be able to compete more effectively
and will increase our market share of the dynamic golf industry."
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES
LITIGATION REFORM ACT OF 1995. Forward-looking statements in
this press release, including without limitation statements
relating to the Company's plans, strategies, objectives,
expectations and intentions, are made pursuant to the safeharbor
provisions of the Private Securities Litigation Reform Act of
1995. Investors are cautioned that such forward-looking
statements involve risks and uncertainties, including without
limitation, the following: (i) the Company's plans, strategies,
objectives, expectations and intentions are subject to change at
any time at the discretion of the Company; (ii) increased
competition, a change in the retail business in the tool and/or
golf sectors of a change in the Company's merchandise mix; (iii)
a change in the Company's advertising, pricing policies or its
net products costs after all discounts and inccntives; (iv) the
Company's plans and results of operations will be affected by the
Company's ability to manage its growth and inventory as well as
year end inventory and adjustments; (v) other risks and
uncertainties indicated from time to time in the Company's
filings with the Securities and Exchange Commission.
Trend-Lines, Inc. is a specialty retailer of woodworking
tools and accessories sold through its nationally distributed
Trend-Lines mail order catalog and through 104 woodworkers
Warehouse retail stores as of November 30, 1997, located in New
England, New York, New Jersey, Delaware and Pennsylvania. The
Company is also a specialty retailer of golf equipment and
supplies sold through its nationally distributed Golf Day mail
order catalog and through 48 Golf Day retail stores, as of
November 30, 1997, located in New England, New York, New Jersey,
Delaware and Pennsylvania, as well as 23 Post Tool stores located
in California and Nevada.
