<TYPE> 8-K

<LIVE>

<DOCUMENT-COUNT> 1

<ITEMS> 5

<PERIOD> 06/04/01

<SROS> NASD

<SUBMISSION-CONTACT>

<NAME> Mark G. Eisenschenk

<PHONE> 651-456-1403

</SUBMISSION-CONTACT>

<FILER>

<CIK> 0000801529

<CCC> b3*vwseo

</FILER>

<TYPE> 8-K

<DESCRIPTION> 8-K

<TEXT>

<PAGE>

UNITED STATES

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): ~~June~~September 0427, 2001

PRINTWARE, INC. (Exact name of Registrant as specified in its charter)

~~_____________________________________________________________________________~~ Minnesota (State or other jurisdiction of incorporation)

0-20729 (~~Exact~~Commission ~~name~~File ~~of Registrant as specified in its charter~~Number)

~~Minnesota 000-20729~~ 41-1522267 (I.R.S. Employer Identification No.)

~~_____________________________ ___________ ___________________~~ 1270 Eagan Industrial Road Eagan, Minnesota (Address of principal executive offices)

55121 (~~State~~ZIP ~~or other jurisdiction (Commission (I.R.S. Employer~~Code)

~~of incorporation~~ (651) ~~File~~ ~~Number) Identification~~456-1400 (Registrant's ~~No.~~telephone number, including area code)

~~1270~~ITEM ~~Eagan Industrial Road, St~~5. ~~Paul,~~OTHER ~~MN 55121~~EVENTS.

~~_______________________________________________~~ On September 28, 2001, Printware, Inc. ("Printware"), a Minnesota corporation, announced that it entered into an Asset Purchase Agreement (the "Asset Purchase Agreement"), dated September 27, 2001, between Printware and Printware Acquisition, LLC ("Acquisition LLC"). Pursuant to the Asset Purchase Agreement, Acquisition LLC will purchase substantially all of the operating assets of the Printware, including all accounts receivable, inventory, fixed assets, customer lists, intellectual property and related tangible and intangible assets (the "Asset Sale"). At closing, subject to adjustment, Printware will receive total consideration of $2,770,000, consisting of $1 million in cash, a $750,000 5-year subordinated note bearing interest at 7% per annum, a 10% equity interest in Acquisition LLC valued by Printware at $500,000 and the assumption by Acquisition LLC of $520,000 of accounts payable.

~~(Address~~ Closing of ~~principal~~the ~~executive~~Asset ~~offices)~~Sale is subject to the satisfaction of customary closing conditions, including the Asset Sale being approved by the holders of a majority of the outstanding shares of Printware. Printware intends to hold a Special Meeting of the shareholders of Printware to submit the Asset Sale to the Printware shareholders for approval.

~~Registrant's~~ The ~~telephone~~description ~~number,~~constitutes ~~including~~only ~~area~~a ~~code:~~summary ~~(651)~~of ~~456-1400~~the Asset Purchase Agreement and the transactions contemplated thereby. A copy of the Asset Purchase Agreement is attached hereto as Exhibit 2.0

~~<PAGE>~~ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS

~~Item~~ c) ~~5. Other Events.~~Exhibits

The following are filed as Exhibits to this Report:

99.1 Press Release, dated June 4, 2001, regarding Stock Repurchase plan.

	Exhibit No.		Description of Exhibit
	2.0		Asset Purchase Agreement, By and Between Printware Acquisition, LLC and Printware, Inc., dated September 27, 2001.

	99.17		Press Release

~~<PAGE>~~ SIGNATURES

~~SIGNATURE~~ 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.

~~Pursuant to the requirements of the Securities Exchange Act of 1934~~ Printware, ~~the~~ Inc. (Registrant)

~~registrant~~ By: ~~has~~/s/ ~~duly~~Stanley ~~caused this report to be signed on its behalf by the~~ Goldberg

~~undersigned,~~ Stanley ~~thereunto~~Goldberg President ~~duly~~and ~~authorized.~~Chief Executive Officer

~~PRINTWARE~~ Date: September 28, ~~INC.~~2001

~~Registrant~~ PRINTWARE, INC.

~~Dated:~~ EXHIBIT ~~June~~INDEX ~~14,~~TO ~~2001 By /s/~~CURRENT ~~Stanley~~REPORT ~~Goldberg~~ON FORM 8-K

_______________________

	Exhibit No.		Description of Exhibit
	2.0		Asset Purchase Agreement, By and Between Printware Acquisition, LLC and Printware, Inc., dated September 27, 2001.

	99.17		Press Release issued by the Registrant on September 28, 2001. Any Internet addresses provided in this release are for information purposes only and are not intended to be hyperlinks. Accordingly, no information in any of these Internet addresses is included herein.

Stanley Goldberg

President and Chief Executive Officer

(Principal Executive Officer)

</TEXT>

</DOCUMENT>

<TYPE> EX-99.1 OTHERDOC

<DESCRIPTION> PRESS RELEASE DATED JUNE 4, 2001

<TEXT>

<PAGE>

NEWS RELEASE

For immediate release

Printware, Inc.

1270 Eagan Industrial Rd.

St. Paul, MN 55121

http://PrintwareInc.com

CONTACT:

Mark G. Eisenschenk, Printware, Inc., (651) 456-1403

Printware, Inc. Announces Stock Repurchase Plan.

ST. PAUL, MINN., June 4, 2001-Printware, Inc. (Nasdaq-NNM: PRTW)

today announced its Board of Directors has approved a stock repurchase plan

which authorizes the Company to repurchase up to 500,000 shares of its

Common Stock in market or private transactions, or approximately fifteen

(15) percents of its current shares outstanding. The Company has

approximately 3.3 million shares outstanding. The repurchase plan is based

on the belief that Printware's shares are undervalued and that shareholders

would be better served by using the Company's excess cash resources to buy

back a portion of its outstanding Common Stock.

</TEXT>

</DOCUMENT>

</SUBMISSION>

Filing Compare · PRINTWARE INC