UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 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):  August 8, 1996



                              VALLEY SYSTEMS, INC.
             (Exact name of registrant as specified in its charter)

State of incorporation:  Delaware   Commission file number: 0-19343
                                FEIN: 34-1493345


11580 Lafayette Drive NW, Canal Fulton, Ohio  44614    (216)854-4526
(Address and telephone number of principal executive offices)
<PAGE>

Item 5.  Other Events

     On August 8, 1996 the Registrant issued the attached press release.


Item 7.  Financial Statements and Exhibits

     (a)  Exhibits

       1.   Press Release, dated August 8, 1996, regarding a stock
          purchase program.




                                   SIGNATURES

Pursuant to the  requirements  of the  Securities  and Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.


                                   Valley Systems, Inc.


Date:  August 8, 1996    By:      / s /Dennis D.Sheets
                                       Dennis D. Sheets
                                       Chief Financial Officer

<PAGE>

Exhibit

<PAGE>

                              Valley Systems, Inc.

                                     For information contact:

                                             DENNIS D. SHEETS

                                                                    330-854-4526

FOR IMMEDIATE RELEASE

VALLEY SYSTEMS, INC. ANNOUNCES SHARE PURCHASE PROGRAM

CANAL FULTON, August 8, 1996 - Valley Systems,  Inc., listed on the Nasdaq Stock
Market (Symbol VALE)  announced today that its Board of Directors has approved a
share purchase program, whereby the Company may purchase up to 500,000 shares of
its Common Stock on the open market at up to $1.25 per share.  This program will
begin Monday, August 12, 1996, and last indefinitely.

Ed  Strickland,  President  and CEO,  stated "This is a very  positive  move for
Valley Systems,  and  demonstrates  the confidence our Board of Directors has in
management  and the  future  of the  company.  We  believe  our  stock  has been
undervalued  for some time.  This  program is an  excellent  investment  for our
shareholders  and  should  contribute  to  increased  earnings  per share in the
future."

Valley Systems  provides  specialized  cleaning and other services to industrial
businesses through the use of ultra-high pressure waterjet  technology,  as well
as water blasting, vacuum, and other procedures.
<PAGE>
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{"company-data": {"conformed-name": "VALLEY SYSTEMS INC", "cik": "0000873571", "assigned-sic": "4950", "irs-number": "341493345", "state-of-incorporation": "DE", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-19343", "film-number": "96619531"}, "business-address": {"street1": "11580 LAFAYETTE DR NW", "city": "CANAL FULTON", "state": "OH", "zip": "44614", "phone": "2168544526"}, "mail-address": {"street1": "11580 LAFAYETTE DR", "street2": "PO BOX 603", "city": "CANAL FULTON", "state": "OH", "zip": "44614"}}
UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 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):  August 8, 1996

                              VALLEY SYSTEMS, INC.
             (Exact name of registrant as specified in its charter)

State of incorporation:  Delaware   Commission file number: 0-19343
                                FEIN: 34-1493345

11580 Lafayette Drive NW, Canal Fulton, Ohio  44614    (216)854-4526
(Address and telephone number of principal executive offices)
Item 5.  Other Events

     On August 8, 1996 the Registrant issued the attached press release.

Item 7.  Financial Statements and Exhibits

     (a)  Exhibits

       1.   Press Release, dated August 8, 1996, regarding a stock
          purchase program.

                                   SIGNATURES

Pursuant to the  requirements  of the  Securities  and Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.

                                   Valley Systems, Inc.

Date:  August 8, 1996    By:      / s /Dennis D.Sheets
                                       Dennis D. Sheets
                                       Chief Financial Officer
Exhibit
Valley Systems, Inc.

                                     For information contact:

                                             DENNIS D. SHEETS

                                                                    330-854-4526

FOR IMMEDIATE RELEASE

VALLEY SYSTEMS, INC. ANNOUNCES SHARE PURCHASE PROGRAM

CANAL FULTON, August 8, 1996 - Valley Systems,  Inc., listed on the Nasdaq Stock
Market (Symbol VALE)  announced today that its Board of Directors has approved a
share purchase program, whereby the Company may purchase up to 500,000 shares of
its Common Stock on the open market at up to $1.25 per share.  This program will
begin Monday, August 12, 1996, and last indefinitely.

Ed  Strickland,  President  and CEO,  stated "This is a very  positive  move for
Valley Systems,  and  demonstrates  the confidence our Board of Directors has in
management  and the  future  of the  company.  We  believe  our  stock  has been
undervalued  for some time.  This  program is an  excellent  investment  for our
shareholders  and  should  contribute  to  increased  earnings  per share in the
future."

Valley Systems  provides  specialized  cleaning and other services to industrial
businesses through the use of ultra-high pressure waterjet  technology,  as well
as water blasting, vacuum, and other procedures.