ITEM 1 - BUSINESS
Trim-A-Lawn Corporation ("Company"), a Delaware corporation, is the surviving
corporation in a plan of reorganization between ANova Capital Corporation, a
Texas corporation ("ANova"), and the UnBlade Company, Inc., a New York
Corporation ("UnBlade") in a change of state incorporation of ANova into the
Company. In January 1989, ANova acquired all of the assets (subject to
liabilities) of UnBlade in exchange for common stock and then merged into the
Company to effect a change in its state of incorporation to Delaware. Prior
to the reorganization described above, UnBlade had permitted certain other
parties, not presently known to the registrant, to use the name "Trim-A-
Lawn". Although the Company has since trademarked its name, other parties
may be currently using the Company's name, without the Company's knowledge,
in reliance on prior arrangements. The executive offices of the Company are
located at 807 Broad Street, Utica, New York 13501.
The Company is engaged in the design, manufacture and sale of lawn
maintenance equipment. The Company has received several patents (described
more fully below) and has applied for, and anticipates receiving, certain
other patents relating to design features of certain of its lawn maintenance
equipment models. The Company has commenced commercial production of three
of its product models known as the Trim-A-Lawn Line Trimmers.
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