Conformed Submission Type: 8-K/A
Conformed Period of Report: 19991209
Item Information: Acquisition or Disposition of Assets
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
December 9, 1999
KINETIKS.COM, INC.,
a Delaware corporation
Commission File No.
0-15415
Internal Revenue Service Employer Identification No.
76-0478045
Jon V. Ludwig
ELinear Corporation
1055 Westmoore Drive, Suite 230
Westminster, Colorado 80203
Item 2. Acquisition of Disposition of Assets.
(a) Registrant entered into an Agreement and Plan of
Merger, dated October 11, 1999, for its wholly-owned subsidiary,
Elinear Corporation, to acquire by merger substantially all of
the assets of Imagenuity, Inc., a Florida corporation. The plan
was subject to certain contingencies that were satisfied as of
December 9, 1999.
Item 7. Financial Statements and Exhibits.
(a) The audited financial statements of Imagenuity for the
fiscal years ended December 31, 1997, and December 31, 1998, and
the unaudited financial statements for the interim periods that
are required by Item 7(a) of Form 8-K will be filed as soon as
available, but not later than February 6, 2000, sixty days after
the effective date of the merger.
(b) Registrant will file the pro forma financial information
required by Article 11 of Regulation S-X as soon as available,
but not later than February 6, 2000.
(c) Exhibits: The following exhibits are filed with this 8-K/A:
Exhibit A-1 -- Agreement and Plan of Merger,(incorporated
by reference) dated October 11, 1999
Exhibit B-1 -- Press Release, dated November 5, 1999
SIGNATURE
Pursuant to the requirements of the Securities Exchange At
of 1934, the Registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
Kinetiks.com, Inc.
(Registrant)
By: /s/ John V. Ludwig
Name: John V. Ludwig
Title: Corporation President
Date: December 9, 1999
INDEX TO EXHIBITS
Exhibit A-1 -- Agreement and Plan of Merger,(incorporated
by reference) dated October 11, 1999
Exhibit B-1 Press Release, dated November 5, 1999
FOR IMMEDIATE RELEASE
KINETIKS.COM, INC. COMPLETES PRIVATE PLACEMENT
DENVER - (BUSINESS WIRE) - Nov. 5, 1999 -- Kinetiks.com,
Inc. (OTCBB: KNET), a fully reporting company, announced
that it completed a private placement of $1,000,000. This
will allow its wholly owned subsidiary, eLinear Corporation
to execute its aggressive growth business model. "Investors
certainly validated our company's ability and growth
strategy by completing the private placement within such a
short time frame," said Jon Ludwig, the company's president.
eLinear Corporation is a full service Internet consulting
firm focused on developing business-to-business e-commerce
solutions that maximize "Return on Internet Investment" or
ROII. eLinear's solutions are designed to enable clients to
connect with their suppliers, vendors and employees through
the Internet. eLinear's major client is IBM. The company
anticipates profitability with revenue surpassing $1.1
million in 1999.
Shawn Warn of IBM praised the company stating, "IBM has
realized phenomenal cost savings and increased our speed to
market by combining thousands of web pages and multiple
content editors into one standardized solution." Mr. Ludwig
added, "We look forward to applying the same consulting
methodology that worked so well with IBM to our other
clients."
This news release contains forward-looking statements
concerning long-term sales and income. This information
should be read in conjunction with cautionary statements
contained in Kinetiks' 10K.
Contacts:
Steve Goodman (720) 748-2615
Jon Ludwig (303) 543-1408
