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<SEC-DOCUMENT>0000950117-06-003232.txt : 20060731
<SEC-HEADER>0000950117-06-003232.hdr.sgml : 20060731
<ACCEPTANCE-DATETIME>20060731133318
ACCESSION NUMBER:		0000950117-06-003232
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20060731
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20060731
DATE AS OF CHANGE:		20060731

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			REX STORES CORP
		CENTRAL INDEX KEY:			0000744187
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-RADIO TV & CONSUMER ELECTRONICS STORES [5731]
		IRS NUMBER:				311095548
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0131

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09097
		FILM NUMBER:		06990397

	BUSINESS ADDRESS:	
		STREET 1:		2875 NEEDMORE RD
		CITY:			DAYTON
		STATE:			OH
		ZIP:			45414
		BUSINESS PHONE:		5132763931

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AUDIO VIDEO AFFILIATES INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a42462.txt
<DESCRIPTION>REX STORES CORPORATION
<TEXT>

<PAGE>

                       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): July 31, 2006

                             REX STORES CORPORATION
             (Exact name of registrant as specified in its charter)

<TABLE>
<S>                                             <C>                                     <C>
      Delaware                                 001-09097                                31-1095548
(State or other jurisdiction              (Commission File No.)                 (IRS Employer Identification No.)
    of incorporation)

                  2875 Needmore Road, Dayton, Ohio                                45414
                  (Address of principal executive offices)                      (Zip Code)
</TABLE>

       Registrant's telephone number, including area code: (937) 276-3931

         Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

         [ ] Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)

         [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)

         [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))

         [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))





<PAGE>

Item 8.01. Other Events.

         On July 31, 2006, REX Stores Corporation issued a press release
announcing it had entered into a contingent agreement to invest an additional
$11.5 million to $18.0 million in Levelland/Hockley County Ethanol, LLC. The
press release is furnished as Exhibit 99 to this report.

Item 9.01.  Financial Statements and Exhibits.

      (d)   Exhibits. The following exhibits are furnished with this report:
               99 Press Release dated July 31, 2006






<PAGE>


                                   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.

                                         REX STORES CORPORATION


<TABLE>
<S>                                      <C>
Date: July 31, 2006                       By: /s/ DOUGLAS L. BRUGGEMAN
                                              ------------------------
                                              Name:  Douglas L. Bruggeman
                                              Title: Vice President-Finance,
                                                     Chief Financial Officer and
                                                     Treasurer

</TABLE>





                                       3



</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>ex99.txt
<DESCRIPTION>EXHIBIT 99
<TEXT>


<PAGE>

                                 [LOGO OF REX]

News Announcement                               For Immediate Release

For further information contact:

Douglas Bruggeman                                Joseph N. Jaffoni
Chief Financial Officer                          Jaffoni & Collins Incorporated
937/276-3931                                     212/835-8500 or rsc@jcir.com


                REX TO PROCEED WITH FIRST OF SEVERAL ANTICIPATED
                     ETHANOL PRODUCTION FACILITY INVESTMENTS

           - Action Advances REX's Strategy to Diversify its Earnings
                        Base Through Energy Investments -

Dayton, Ohio (July 31, 2006) -- REX Stores Corporation (NYSE:RSC) announced
today that it has entered into a contingent agreement to invest an additional
$11.5 million to $18.0 million in Levelland/Hockley County Ethanol, LLC
("Levelland/Hockley") which intends to construct an ethanol production facility
in Levelland, Texas. The additional investment, along with Rex's prior
previously announced $5 million convertible secured promissory note commitment
enables REX to secure a majority ownership interest in Levelland/Hockley.

Stuart Rose, REX's Chairman and Chief Executive Officer, commented, "Over the
past eight years, REX has derived significant long-term financial benefits from
its synthetic fuel investments and we are delighted to be moving forward with
investments in ethanol production facilities.

"In addition to Levelland/Hockley, we have entered into contingent agreements to
invest in three other ethanol plants with annual production capacity of 100
million gallons each. The four investment commitments to date could lead to REX
investing over $80 million in ethanol production facilities. In addition to
these four commitments, REX is in the process of evaluating other proposed
ethanol investments, and we believe we are well suited to extend our presence in
the energy sector."

Levelland/Hockley has signed a design/build agreement with ICM, Inc., an
engineering firm focused on ethanol, and intends to commence construction of the
Levelland, Texas facility by November 1, 2006. The plant will have a design
capacity of 40 million gallons of ethanol annually.

                                     -more-




<PAGE>



REX To Proceed With Investment In Ethanol Producing Facility, 7/31/06    page 2


This news announcement contains or may contain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995. Such
statements can be identified by use of forward-looking terminology such as
"may," "expect," "believe," "estimate," "anticipate" or "continue" or the
negative thereof or other variations thereon or comparable terminology. Readers
are cautioned that there are risks and uncertainties that could cause actual
events or results to differ materially from those referred to in such
forward-looking statements. These risks and uncertainties include the risk
factors set forth from time to time in the Company's filings with the Securities
and Exchange Commission and among other things: the highly competitive nature of
the consumer electronics retailing industry, changes in the national or regional
economies, weather, the effects of terrorism or acts of war on consumer spending
patterns, the availability of certain products, technological changes, new
regulatory restrictions or tax law changes relating to the Company's synthetic
fuel investments, the fluctuating amount of quarterly payments received by the
Company with respect to sales of its partnership interest in a synthetic fuel
investment, the potential for Section 29/45K tax credits to phase out based on
the price of crude oil adjusted for inflation, and the uncertain amount of
synthetic fuel production and resulting income received from time to time from
the Company's synthetic fuel investments. As it relates to ethanol investments,
risks and uncertainties include among other things: the uncertainty of
constructing plants on time and on budget and the volatility of corn, dried
distiller grains, ethanol, gasoline and natural gas prices.


                                     # # #




</TEXT>
</DOCUMENT>
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