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): August 29, 2007
                             REX STORES CORPORATION
             (Exact name of registrant as specified in its charter)


            Delaware                  001-09097               31-1095548
(State or other jurisdiction     (Commission File No.)       (IRS Employer
 of incorporation                                          Identification No.)

    2875 Needmore Road, Dayton, Ohio                                 45414
(Address of principal executive offices)                           (Zip Code)

       Registrant's telephone number, including area code: (937) 276-3931

         Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ]  Written communications pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
     240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))





Item 8.01  Other Events.

On August 30, 2007, REX Stores Corporation issued a press release reporting the
consideration received for its interest in Millennium Ethanol, LLC and its
second quarter earnings release date. The press release is filed as Exhibit 99
to this report and is incorporated herein by reference.

Item 9.01  Financial Statements and Exhibits.
      (d)  Exhibits.  The following exhibits are filed with this report.
             99 Press Release dated August 30, 2007


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                                   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.

                             REX STORES CORPORATION



Date: August 30, 2007                     By:  /s/ DOUGLAS L. BRUGGEMAN
                                          ------------------------
                                          Name:  Douglas L. Bruggeman
                                          Title: Vice President-Finance,
                                                 Chief Financial Officer and
                                                 Treasurer



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                               [GRAPHIC OMITTED]

News Announcement                                For Immediate Release

For further information contact:

Douglas Bruggeman                                Joseph N. Jaffoni
Chief Financial Officer                          Jaffoni & Collins Incorporated
937/276-3931                                     212/835-8500 or rsc@jcir.com

              REX STORES REPORTS ON CONSIDERATION RECEIVED FOR ITS
                  INTEREST IN MILLENNIUM ETHANOL, LLC FOLLOWING
                    ACQUISITION BY U.S. BIOENERGY CORPORATION

             REX STORES TO REPORT FISCAL 2007 SECOND QUARTER RESULTS
               AND HOST CONFERENCE CALL AND WEBCAST ON SEPTEMBER 5

Dayton, Ohio (August 30, 2007) - REX Stores Corporation (NYSE: RSC) announced
today that as a result of U.S. BioEnergy Corporation's (NASDAQ: USBE)
acquisition of Millennium Ethanol, LLC, which was completed yesterday, REX
received 3,693,858 shares of US BioEnergy common stock and approximately $4.8
million of cash as total consideration for its interest in Millennium Ethanol,
LLC based upon the conversion of REX's $14 Million Convertible Secured
Promissory Note, accrued interest and exercise of its Related Purchase Rights.
US BioEnergy common shares closed at $10.34 on August 29, 2007.

REX Stores Corporation also reported that it will release financial results for
the three-month period ended July 31, 2007 on Wednesday, September 5 before the
market opens. The Company will also host a conference call and webcast that
morning at 11:00 a.m. EDT.

Conference call:  212/231-6010.

Live Webcast:  Available via the Investor Relations page of www.rextv.com.

Replay: Available telephonically through 1:00 p.m. EDT on September 12, 2007
by dialing 800/633-8284 or 402/977-9140 (international callers). The access
code for the audio replay is 21347687. A replay of the webcast will be available
for 30 days at www.earnings.com.

We hope you will be able to join the conference call. For further information,
or to receive future Company news announcements via email, please contact
Joseph Jaffoni at 212/835-8500 or rsc@jcir.com.

                                     -more-






REX STORES CORPORATION, 8/30/07                                          page 2

Over the past eight years, REX has been active in several synthetic fuel
investments and in addition to Millennium, REX has agreements to participate in
four ethanol entities. REX Stores Corporation is also a specialty retailer of
consumer electronic products and appliances. As of April 30, 2007, the Company
operated 164 retail stores in 35 states under the trade name "REX."

This  news  announcement  contains  or  may contain  forward-looking  statements
within the meaning of the Private Securities Litigation Reform Act of 1995. Such
statements  can be  identified  by use of  forward-looking  terminology  such as
"may,"  "expect,"  "believe,"  "estimate,"  "anticipate"  or  "continue"  or the
negative thereof or other variations thereon or comparable terminology.  Readers
are  cautioned  that there are risks and  uncertainties  that could cause actual
events  or  results  to  differ  materially  from  those  referred  to  in  such
forward-looking  statements.  These  risks and  uncertainties  include  the risk
factors set forth from time to time in the Company's filings with the Securities
and Exchange Commission and include among other things:  risks and uncertainties
relating to the acquisition of REX Stores' interest in Millennium  Ethanol,  LLC
by U.S. BioEnergy Corporation including uncertainty of the financial performance
of  U.S.  BioEnergy   Corporation   following  completion  of  the  transaction;
fluctuations  in the  market  prices  and  trading  volumes  of  U.S.  BioEnergy
Corporation  common  stock;  the  highly  competitive  nature  of  the  consumer
electronics  retailing industry,  changes in the national or regional economies,
weather,  the effects of terrorism or acts of war on consumer spending patterns,
the availability of certain  products,  technological  changes,  changes in real
estate  market  conditions,  new  regulatory  restrictions  or tax  law  changes
relating to the Company's synthetic fuel investments,  the fluctuating amount of
quarterly  payments  received  by the  Company  with  respect  to  sales  of its
partnership  interest in a synthetic fuel investment,  the potential for Section
29/45K  tax  credits to phase out based on the price of crude oil  adjusted  for
inflation,  and the uncertain  amount of synthetic fuel production and resulting
income received from time to time from the Company's synthetic fuel investments.
As it relates to ethanol  investments,  risks and  uncertainties  include  among
other things:  the uncertainty of constructing  plants on time and on budget and
the price  volatility of corn,  dried distiller  grains,  ethanol,  gasoline and
natural gas.


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