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: January 18, 1996
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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 executive offices) (Zip Code)
Registrant's telephone number, including area code (404) 649-8877
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/s/ A. J. Schell
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A. J. Schell
President/CEO
[LETTERHEAD OF AUDIO COMMUNICATIONS APPEARS HERE]
PRESS RELEASE
FOR IMMEDIATE RELEASE AND DISTRIBUTION
AUDIO COMMUNICATIONS NETWORK, INC. ACQUIRES NEW MUZAK(R) PROPERTY
Audio Communications Network, Inc. of Orlando, Florida in a continuing effort to
expand its sound systems operation announced today the acquisition of the
Muzak(R) franchise, Florida Sound Engineering of Jacksonville, Florida on
January 2, 1996 for cash. The area of operations extends beyond Jacksonville to
Gainesville, Ocala, St. Augustine and into southern Georgia including Brunswick.
The Jacksonville company's name will remain the same and operate as a wholly
owned subsidiary of Audio Communications Network, Inc.
The purchase of Florida Sound Engineering which also engineers and installs
sound systems commercially having recently completed the new Jacksonville
Municipal Stadium (formerly the Gator Bowl) will allow Audio Communications
Network, Inc. to greatly expand its sound system operation. The acquisition will
increase the Company's revenue to an estimated $11 million in 1996 compared to
the Company's projected $7 million in 1995.
Through its other 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