SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act
of 1934
Date of Report: November 10, 1995
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AUDIO COMMUNICATIONS NETWORK, INC.
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(Exact name of Registrant as Specified in its Charter)
FLORIDA 0-7762 59-0690530
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1000 LEGION PLACE STE. 1515 ORLANDO FL. 32801
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(Address of principal executives offices) (Zip Code)
Registrant's telephone number, including area code (407)649-8877
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/s/ A. J. Schell
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A. J. Schell
President/CEO
[AUDIO COMMUNICATIONS NETWORK, INC. LETTERHEAD APPEARS HERE]
PRESS RELEASE
FOR IMMEDIATE RELEASE AND DISTRIBUTION
Audio Communications Network, Inc., is pleased to announce it has signed a
definitive agreement to purchase the assets of Florida Sound Engineering
Company, a MUZAK(R) franchise in the Jacksonville, Florida area for cash with
closing anticipated in January 1996. It is anticipated the combined entities
should produce revenues for 1996 in excess of 11 million dollars on an annual
basis. This purchase fits into Audio's plan to expand its sound contracting
operation as Florida Sound Engineering has developed a forceful presence in this
area having just completed the total communications system for the new
Jacksonville Municipal Stadium (previously the Gator Bowl) -- home of the
Jacksonville Jaguars.
Audio Communications Network, Inc., the only publicly traded company that
exclusively operates MUZAK(R) franchises can be found in the Over The Counter
market of NASD OTC BULLETIN BOARD under the symbol of AUCM.
Through its wholly owned subsidiaries Audio Communications Network operates
MUZAK(R) franchises in Baltimore, Maryland, The Delmarva Peninsula area
encompassing the Maryland Eastern Shore, Fresno, California, Kansas City and St.
Louis, Missouri.
The MUZAK(R) product is distributed by means of SCA radio transmission and
direct broadcast satellite (DBS) which enables the dissemination of sixteen
music programs over satellites from environmental to classical as well as data,
video and in store marketing.
FOR ADDITIONAL INFORMATION CONTACT
Mary Flemmings, Director of Public Relations
407-649-8877