SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
May 30, 2002
Date of Report (date of earliest event reported)
BIOMERICA, INC.
(Exact Name of Registrant as Specified in its Charter)
Delaware 0-8765 95-2645573
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(State or Other (Commission (IRS Employee
Jurisdiction of File Number) Identification
Number)
1533 Monrovia Avenue
Newport Beach, California 92663
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(Address of Principal Executive Offices
Including Zip Code)
949-645-2111
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(Registrant's Telephone Number,
Including Area Code)
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(Former Name or Former Address if Changed
Since Last Report)
Page 1 of 4
Item 2. Acquisition or Disposition of Assets.
On May 30, 2002, Biomerica sold its controlling interest of 13,350,000
shares of Allergy Immuno Technologies, Inc. (ALIM.OB) common stock plus a
promissory note evidencing an obligation from Allergy Immuno Technologies to
Biomerica in the amount of $225,282, in a private sale to LDM Holdings, Inc. The
proceeds of the sale were $212,500. Biomerica still retains 255,575 shares of
Allergy Immuno Technologies, Inc. common stock. Prior to the sale, Biomerica
owned approximately 75.7% of the outstanding shares of Allergy Immuno
Technologies and consolidated the Allergy Immuno Technologies financials with
those of Biomerica.
(C) Exhibits
99.1 Press Release dated June 4, 2002.
SIGNATURES
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Pursuant to the requirements of the Secutities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: June 5, 2002 Biomerica, Inc.
By: /S/ Zackary S. Irani
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Zackary S. Irani
Chairman