UNITED STATES
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: October 19, 2000
CYBERBOTANICAL, INC.
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(Exact name of registrant as specified in its charter)
NEVADA
(State or other jurisdiction of incorporation or organization)
000-29383 88-0356200
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(Commission File Number) (IRS Employer Identification Number)
c/o Richard Surber, President
268 West 400 South, Suite 300, Salt Lake City, Utah 84101
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(Address of principal executive offices)
(801) 575-8073
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(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
On the 17th day of October, the Company entered into a Purchase Agreement with
its parent corporation, Kelly's Coffee Group, Inc., a Nevada Corporation
("Kelly's"). Under the terms of the agreement, all of Kelly's assets, as shown
on its Form 10-QSB for the quarter ended August 31, 2000, filed with the
Securities and Exchange Commission on October 3, 2000, with the exception of the
shares Kelly's owns in the Company, to the Company. The assets were moved to the
Company in exchange for the agreement of the Company to assume all liabilities
of Kelly's as shown on Kelly's' Form 10-QSB for the quarter ended August 31,
2000 and the agreement of the Company to indemnify Kelly's therefrom. The
Company is a Subsidiary of Kelly's. Kelly's owns approximately 94% of the issued
and outstanding stock of the Company.
The effect of this transaction is to transfer the designated assets from the
balance sheet of Kelly's to the balance sheet of the Company. The Company's
assets and liabilities will increase, as will be reflected on its balance
sheets, by the amounts transferred. On a fully consolidated basis, the balance
sheet of Kelly's Coffee Group, Inc. will remain essentially the same as
Cyberbotanical, Inc. is a 94% owned subsidiary and is treated as part of Kelly's
Coffee Group, Inc. for financial reporting purposes.
ITEM 7. Financial Statements and Exhibits
The following exhibit(s) are included as part of this report:
a) Purchase Agreement dated October 17, 2000.
b) Kelly's Coffee Group, Inc. Form 10-QSB for the quarter ended
August 31, 2000 filed October 3, 2000 is incorporated by
reference.
Pursuant to the requirement of the Securities Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
Cyberbotanical, Inc.
Signature Date
By: /s/ Richard Surber October 19, 2000
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Name: Richard Surber
Title: President
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