-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QtmEWDe5eQ9Qax0/Pt5F4tiJ5xKt5xDHfOxkzDOHRkF5MBSKxdNyODvBWxvmZ9AW S6WeWyYLrZRV2ArXNX5b0A== 0001042645-98-000011.txt : 19980121 0001042645-98-000011.hdr.sgml : 19980121 ACCESSION NUMBER: 0001042645-98-000011 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980119 ITEM INFORMATION: FILED AS OF DATE: 19980120 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: TREND LINES INC CENTRAL INDEX KEY: 0000922978 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-CATALOG & MAIL-ORDER HOUSES [5961] IRS NUMBER: 042722797 STATE OF INCORPORATION: MA FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-24390 FILM NUMBER: 98509393 BUSINESS ADDRESS: STREET 1: 135 AMERICAN LEGION HWY CITY: REVERE STATE: MA ZIP: 02151 BUSINESS PHONE: 6178530900 MAIL ADDRESS: STREET 1: 135 AMERICAN LEGION HWY CITY: REVERE STATE: MA ZIP: 02151 8-K 1 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) EX-1 2 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. -----END PRIVACY-ENHANCED MESSAGE-----