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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K/A
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 31, 1997
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APPLIED CELLULAR TECHNOLOGY, INC.
(Exact name of registrant as specified in its charter)
Missouri 33-79678 43-1641533
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
Highway 160 & CC, Suite 5, Nixa, Missouri 65714
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 417-725-9888
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Item 1. Changes in Control of Registrant
Item 2. Acquisition or Disposition of Assets.
On January 31, 1997, Applied Cellular Technologies, Inc. (the
"Company") purchased 100% of the 4,828,571 issued and
outstanding common shares, $0 par value, and 100% of the
1,931,429 issued and outstanding $0 par value preferred
convertible shares of MVAK Technologies, Inc. ("MVAK") which,
at closing, will be converted to common stock at a 1 for 1
ratio of the issued and outstanding common stock of MVAK. As
consideration, the Company issued 389,296 of it's restricted
common shares at $4.9375 per share to the three shareholders
of the common stock and the one shareholder of the preferred
convertible shares.
Item 3. Bankruptcy or Receivership. None.
Item 4. Change in Registrant's Certifying Accountant. No.
Item 5. Other Events. None.
Item 6. Resignation of Registrant's Directors. None.
Item 7. Financial Statements and Exhibits.
(a) Financial statements of business acquired. Not required.
(b) Pro forma financial information. Not required.
(c) Exhibits. Agreement of Sale. Previously filed.
Item 8. Change in fiscal year. None.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
APPLIED CELLULAR TECHNOLOGY, INC.
(Registrant)
Date: April 14, 1997 /s/ David A. Loppert
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Vice President, Chief Financial Officer
