file8k100608.htm
UNITED
STATES SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d)
OF THE
SECURITIES EXCHANGE ACT OF 1934.
Date
of Report (Date of Earliest
Event Reported):
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October
01, 2008
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ISCO
INTERNATIONAL, INC.
(Exact
Name of Registrant as Specified in
Charter)
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|
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DELAWARE
(State
or Other Jurisdiction of Incorporation or Organization)
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001-22302
(Commission
File Number)
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36-3688459
(I.R.S.
Employer Identification Number)
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|
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1001
Cambridge Drive, Elk Grove Village, ILLINOIS
(Address
of Principal Executive Offices)
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60007
(Zip
Code)
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847-391-9400
(Registrant’s
Telephone Number, Including Area
Code)
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Not
Applicable
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(Former
Name or Former Address, if changed since last
report)
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Check
the appropriate box below if the Form 8-K is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
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[ ]
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Written
communications pursuant to Rule 425 under the Securities
Act
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange
Act
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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange
Act
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Item.
8.01. Other Events.
On
October 1, 2008, the Board of Directors of ISCO International, Inc. (the
“Company”) met to discuss the current status and future outlook for its
wholly-owned subsidiary, Clarity Communication Systems Inc. (“Clarity”), which
operates the Company’s software business. Management believes the
long-term outlook for the Clarity business is favorable. However,
based on management’s financial projections, optimal execution of the Clarity
business plan will require additional funding for some period of
time. The Board of Directors has recognized the current challenging
conditions in the financial and credit markets and the impact of those
conditions on the ability to raise the required funding to execute the business
plan. Given these conditions, the Board of Directors has directed
management to actively pursue the sale of, or other partnership or
strategic options for, this business unit.
This
report contains forward-looking statements within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities Exchange Act of
1934 that are subject to a variety of risks and uncertainties that may cause
actual results to differ materially from those projected or suggested. The
Company intends such forward-looking statements to be covered by the safe harbor
provisions for forward-looking statements contained in such sections. These
statements are based on current estimates and actual results may differ
materially due to risks, including those risks set forth in the Company’s
filings with the SEC, including its most recent Form 10-Q, 10-K and other
filings that are available through EDGAR at www.sec.gov. Readers are cautioned
not to place undue reliance on these forward-looking statements that speak only
as of the date these statements were made. The Company assumes no obligation to
update the forward-looking statements contained herein.
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.
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ISCO
INTERNATIONAL,
INC.
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Date: October
6, 2008
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By:
/s/ Gary
Berger
Gary Berger
Chief Financial
Officer
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