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 27, 2008
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Date of Report (date of earliest event reported)
BIOMERICA, INC.
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(Exact Name of Registrant as Specified in its Charter)
DELAWARE 0-8765 95-2645573
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(State or Other (Commission (IRS Employer
Jurisdiction of File Number) Identification Number)
Incorporation)
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 2 pages
Item 8.01 Other Events -
On May 27, 2008, Biomerica sold its investment in Lancer Orthodontics,
Inc., in a private transaction. Net proceeds from the sale were $1,083,444. The
investment was carried on the Biomerica balance sheet at date of sale at a value
of $464,823 and therefore results in a realized gain of $618,621.
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.
Dated: May 28, 2008 Biomerica, Inc.
By: /s/ Zackary S. Irani
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Zackary S. Irani
Chief Executive Officer
Page 2 of 2 pages