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 (Date of earliest event reported)
June 30, 2006
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Monarch Services, Inc.
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(Exact name of registrant as specified in its charter)
Maryland 000-08512 52-1073628
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
4517 Harford Road, Baltimore, Maryland 21214
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(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code, (410-254-9200)
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ITEM 8.01 OTHER EVENTS.
Termination of Peerce's Plantation Restaurant, Catering and Bar Business
In June 2001, the Company purchased three adjoining parcels of real estate
located in Baltimore County, Maryland. The acquisition included "Peerce's
Plantation", a 350 seat fine dining restaurant, catering facility and bar
with liquor license. Renovations of Peerce's Plantation began in the
spring of 2002 and were completed in September 2003. The restaurant, bar
and catering business opened for business on September 26, 2003.
Despite some success in attracting the target market, Peerce's Plantation
has been unable to generate significant or steadily increasing revenues
since it's opening. As of January 31, 2006, the last quarter for which
public information has been made available, Peerce's Plantation has
incurred losses each quarter since it's opening and has never been
profitable. Because the Company does not expect that Peerce's Plantation
will add to the Company's profitability in the future, management has
determined that Peerce's Plantation restaurant, bar and catering business
is no longer viable. As a result, we decided to close Peerce's Plantation
effective June 27, 2006.
Certain Cautionary Information
In connection with the Private Securities Litigation Reform Act of 1995
(the "Litigation Reform Act"), we are hereby disclosing certain cautionary
information to be used in connection with written materials (including
this Report on Form 8-K) and oral statements made by or on behalf of our
employees and representatives that may contain forward-looking statements
within the meaning of the Litigation Reform Act. Such statements consist
of any statement other than a recitation of historical fact and can be
identified by the use of forward-looking terminology such as may, expect,
will, anticipate, estimate or continue or the negative thereof or other
variations thereon or comparable terminology. You are cautioned that all
forward-looking statements are necessarily speculative and there are
numerous risks and uncertainties that could cause actual events or results
to differ materially from those referred to in such forward-looking
statements. The discussion contained in our Annual Report on Form 10KSB
for the fiscal year ended April 30, 2005 and incorporated herein by
reference highlights some of the more important risks we have identified,
but should not be assumed to be the only factors that could affect future
performance. Included in these risks are our new business lines, history
or losses, our fluctuations in operating results, competition and other
risks set forth herein and in our annual report on Form 10KSB for the
fiscal year ended April 30, 2005 and in other reports we have filed.
You are cautioned that we do not have a policy of updating or revising
forward-looking statements and thus you should not assume that our silence
over time means that actual events are bearing out as estimated in such
forward-looking statements.
SIGNATURES
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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.
MONARCH SERVICES, INC.
Date: June 30, 2006 By: Jackson Y. Dott
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Jackson Y. Dott, President