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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):
August 9, 2000
INTERFOODS OF AMERICA, INC.
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(Exact name of registrant as specified in this charter)
Nevada 000-21093 59-3356011
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(State or other jurisdiction (Commission (IRS Employer
of incorporation File Number) Identification No.)
9400 South Dadeland Boulevard, Suite 720, Miami, Florida 33156
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(Address and Zip Code of Principal Executive Offices)
Issuer's Telephone Number: (305) 670-0746
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Item 1. Changes in control of registrant.
Not Applicable.
Item 2. Acquisition or disposition of assets.
On July 21, 2000, pursuant to an Asset Purchase Agreement, the Company
acquired the assets of two Popeye's restaurants on the west coast of Florida for
approximately $ 2.1 million. The company financed the acquisition with $1.6
million of debt and paid the balance in cash from funds of the Registrant. A
related party will be leasing the stores for market value in order to fully
amortize the total cost of the acquisition.
On July 27, 2000, pursuant to an Asset Purchase Agreement, the Company
acquired the assets of two additional Popeye's restaurants in Illinois for
approximately $ 1.8 million cash, all of which financed the acquisition with
$1.8 million of additional debt. These stores are in the same television market
as our St. Louis restaurants.
Item 3. Bankruptcy or receivership.
Not applicable.
Item 4. Changes in Registrant's Certifying Accountant
On August 3, 2000, the Company and Arthur Andersen LLP mutually agreed
to terminate their relationship. Arthur Andersen LLP's report covering the
Company's September 30, 1999 and 1998 financial statements did not include a
modification disclaimer or adverse opinion. Arthur Andersen LLP's resignation
was accepted by the Company's Board of Directors on August 7, 2000. During
fiscal 1999 and 1998 and the period through August 3, 2000, there were no
disagreements between the Company and Arthur Andersen LLP on any matter of
accounting principles or practices, financial statement disclosure, or auditing
scope or procedure. During fiscal 1999 and 1998, and during the period though
August 3,2000 there were no reportable transactions.
The Company is currently interviewing independent auditors to replace
Arthur Andersen LLP. A response will be filed in a separate 8-K upon engagement
of new independent auditors.
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Item 5. Other events.
Not Applicable.
Item 6. Resignation of registrant's directors.
Not applicable.
Item 7. Financial Statement and Exhibits.
(a) Exhibits
Letter from Registrant's former certifying accountant confirming the
statements in Item 4 above previously filed by Arthur Andersen LLP with the
Securities and Exchange Commission is incorporated herein by reference.
Item 8. Change in Fiscal Year
Not applicable.
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.
INTERFOODS OF AMERICA, INC.
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(Registrant)
By: /S/ ROBERT BERG
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Robert Berg, Chief Executive Officer
Dated: August 9, 2000.
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