0001045969-01-501111.txt : 20011008
0001045969-01-501111.hdr.sgml : 20011008
ACCESSION NUMBER: 0001045969-01-501111
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20010917
ITEM INFORMATION: Acquisition or disposition of assets
ITEM INFORMATION: Financial statements and exhibits
FILED AS OF DATE: 20010917
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: GROW BIZ INTERNATIONAL INC
CENTRAL INDEX KEY: 0000908315
STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-MISCELLANEOUS RETAIL [5900]
IRS NUMBER: 411622691
STATE OF INCORPORATION: MN
FISCAL YEAR END: 1226
FILING VALUES:
FORM TYPE: 8-K
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-22012
FILM NUMBER: 1739081
BUSINESS ADDRESS:
STREET 1: 2400 DAHLBERG DRIVE
CITY: GOLDEN VALLEY
STATE: MN
ZIP: 55422-4837
BUSINESS PHONE: 6125208500
8-K
1
d8k.txt
CURRENT REPORT ON FORM 8-K
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): September 17, 2001
Grow Biz International, Inc.
(Exact Name of Registrant as Specified in Its Charter)
Minnesota
(State or Other Jurisdiction of Incorporation)
000-22012 41-1622691
(Commission File Number) (I.R.S. Employer Identification Number)
4200 Dahlberg Drive, Suite 100 Golden Valley, MN 55422-4837
(Address of Principal Executive Offices) (Zip Code)
(612) 520-8500
(Registrant's Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Item 2. Acquisition or Disposition of Assets.
On September 17, 2001, the Company announced in a press release that
it activated its stock repurchase program. A copy of the press release
is attached as Exhibit 99.1 of this Current Report on Form 8-K.
Item 7. Financial Statements and Exhibits.
(c) Exhibits:
99.1 Press Release dated September 17, 2001.
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.
GROW BIZ INTERNATIONAL, INC
Date: September 17, 2001 By /s/ Mark Hooley
----------------
Mark Hooley,
Vice President and General Counsel
EXHIBIT INDEX
to
September 17, 2001 Form 8-K
Grow Biz International, Inc.
Exhibit Number Exhibit Description
99.1 Press Release dated September 17, 2001.
EX-99.1
3
dex991.txt
PRESS RELEASE DATED SEPTEMBER 17, 2001
Exhibit 99.1
Contact: John L. Morgan
763-520-8500
FOR IMMEDIATE RELEASE
GROW BIZ INTERNATIONAL, INC. ACTIVATES
STOCK REPURCHASE PROGRAM
Minneapolis, MN (September 17, 2001) -- Grow Biz International, Inc. announced
today that it may repurchase shares of its stock as market conditions warrant
under its existing stock repurchase program. Since November 1995, the Company's
Board of Directors has authorized the repurchase of up to 3,000,000 shares of
the Company's common stock. As of December 26, 1998, the Company had repurchased
2,560,828 shares of its stock. No shares have been repurchased since fiscal
1998. The Company will utilize cash on hand and positive cash flow generated
from operations to make such purchases.
Grow Biz International, Inc. develops franchises and operates value-oriented
retail concepts for stores that buy, sell, trade and consign used and new
merchandise. At June 30, 2001, the Company had 882 stores in operation and an
additional 34 franchises awarded but not open. Of the stores in operation, there
were 533 Play It Again Sports(R), 234 Once Upon A Child(R), 65 Music Go
Round(R), 18 ReTool(R) and 32 Plato's Closet(R) stores.