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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: August 13, 1997
USCS International, Inc.
(Exact name of registrant as specified in its charter)
DELAWARE 0-28268 94-1727009
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
2969 Prospect Park Drive, Rancho Cordova, California 95670-6148
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (916) 636-4500
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Item 5. OTHER EVENTS
On August 13, 1997, the Registrant issued the following press release:
USCS INTERNATIONAL AUTHORIZES STOCK REPURCHASE PROGRAM
RANCHO CORDOVA, Calif.--(BUSINESS WIRE)--Aug. 13, 1997--USCS
International Inc. (NASDAQ:USCS) today announced that its Board of
Directors has authorized the repurchase of shares of the Company's
common stock through open market purchases from time to time as USCS
management deems appropriate.
For the second quarter ended June 30, 1997, there were 24,620,000
average weighted common shares outstanding. "This action by our Board
reflects the degree of confidence in the Company's future sustained
growth," said Dr. James Castle, chairman and chief executive officer.
"This decision was made in view of the price at which the Company's
stock has recently traded, and we intend to use the stock in
connection with employee stock plans. We feel that share repurchases
are an excellent method of providing stock for these programs, and
would therefore be beneficial to shareholders and employees."
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act and Section 21E of the
Securities Exchange Act. Actual results could differ materially from
those projected in the forward-looking statements, which involve a
number of risks and uncertainties and should be considered in
conjunction with the cautionary statements contained in the
registration statement filed by USCS on Form S-1 and declared
effective by the Securities and Exchange Commission on June 20, 1996,
and its report on Form 10K for the year ended December 31, 1996 or the
most recent quarterly filings. USCS International is a leading
provider of customer management software and statement processing
solutions to the global communications marketplace. In the United
States, the Company currently serves 58 percent of all cable
television subscribers, 39 percent of all cellular telephone
subscribers and 11 percent of all landline telephone subscribers.
USCS International clients include providers of cable television,
wireless and landline telephony, direct broadcast satellite and
multiple communications services in the United States and 20 other
countries. More information on USCS International can be found at
http://www.uscs.com.
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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 hereunto duly authorized.
Dated: August 18, 1997
USCS International, Inc.
By: /s/ Mary G. Jordan
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Mary G. Jordan
Vice President, General Counsel
and Secretary
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