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 13, 1998
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APPLEWOODS, INC.
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(Exact name of registrant as specified in its charter)
DELAWARE 0-27850 13-3859709
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
Formation)
15 WEST 26TH STREET, NEW YORK, NEW YORK 10010
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (212) 679-8515
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(Former name or former address, if changes since last report)
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Item 5. OTHER EVENTS.
Applewoods, Inc. (the "Registrant") has failed to timely file its
Annual Report on Form 10-KSB for the year ended June 30, 1998 because it is
unable to secure commitments for the funding of the Company's operations in the
future. The Registrant believes that this has resulted in the inability by its
independent auditors to finalize its audit of the Company's financial statements
for the year ended June 30, 1998. In addition, the Registrant's independent
auditors has advised the Registrant that it will consider finalizing its audit
at such time as the Registrant has provided the independent auditor with
evidence of financing commitments sufficient to fund the Company's on-going
operations.
The Registrant intends to promptly file its Annual Report upon
finalization of the audit of its financial statements.
1
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly authorized and caused the undersigned to sign this
Report on the Registrant's behalf.
APPLEWOODS, INC.
By: /s/ ROGER BUOY
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Roger Buoy
Chief Executive Officer
Dated: October 13, 1998
