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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000930413-07-008284.txt : 20071031
<SEC-HEADER>0000930413-07-008284.hdr.sgml : 20071030
<ACCEPTANCE-DATETIME>20071031084129
ACCESSION NUMBER:		0000930413-07-008284
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20071031
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20071031
DATE AS OF CHANGE:		20071031

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:		071201177

	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>c50967_8k.txt
<TEXT>

                       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): October 31, 2007
                             REX STORES CORPORATION
             (Exact name of registrant as specified in its charter)


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

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

       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 October 31, 2007, REX Stores Corporation issued a press release announcing it
has funded $50.8 million in One Earth Energy, 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 October 31, 2007

<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



Date: October 31, 2007                   By: /s/ DOUGLAS L. BRUGGEMAN
                                         ----------------------------
                                         Name:   Douglas L. Bruggeman
                                         Title:  Vice President-Finance,
                                                 Chief Financial Officer and
                                                 Treasurer
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>c50967_ex-99.txt
<TEXT>

                                                                      Exhibit 99



                                   [REX LOGO]


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 STORES PROVIDES $50.8 MILLION FOR 74% INTEREST
                     IN ILLINOIS ETHANOL PRODUCTION FACILITY

Dayton, Ohio (October 31, 2007) -- REX Stores Corporation  (NYSE:RSC)  announced
today that it has provided  funding of $50.8  million in One Earth  Energy,  LLC
("One Earth") as One Earth has met all conditions precedent, including obtaining
financing for REX to proceed with its investment.  First National Bank of Omaha,
N.A., will provide senior debt financing to One Earth.

On June 18, REX  reported  that it had entered  into a  contingent  agreement to
invest between $35.1 million and $62.4 million in One Earth. REX's $50.8 million
funding  provides REX with an approximate 74% equity  ownership  interest in One
Earth.

One Earth has signed a design/build  agreement with Fagen,  Inc., an engineering
firm  focused on ethanol,  and has  commenced  construction  of the Gibson City,
Illinois  facility.  The plant has a design  capacity of 100 million  gallons of
ethanol annually.

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>
</SEC-DOCUMENT>
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