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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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 23, 1999
TRANSFORMATION PROCESSING INC.
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(Exact name of Registrant as specified in its charter)
Nevada 0-23903 95-4583945
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(State or Other Jurisdiction (Commission File Number) IRS Employer
of Incorporation) Identification Number)
5500 Explorer Drive, Suite 2000, Mississauga, Ontario L4W 5C7
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(Address of principal executive offices)(Zip Code)
(905) 206-1366
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(Registrant's telephone number, including area code)
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Item 3. BANKRUPTCY OR RECEIVERSHIP
On August 23, 1999, Transformation Processing Inc., a Nevada
corporation (the "Registrant") filed a Notice of Intent to seek Reorganization
under the Bankruptcy and Insolvency Act of Canada today. The Company is seeking
protection from its creditors pending a plan of reorganization. The Company will
present a proposal of reorganization within thirty days and will seek creditor
approval of the plan. If the proposal is rejected by the Company's creditors,
the Company will be liquidated. A copy of the press release announcing the
filing is attached.
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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 thereunto duly authorized.
Transformation Processing Inc.
Registrant
Dated: August 30, 1999 By: /s/ Paul Mighton
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Paul Mighton, President
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TRANSFORMATION PROCESSING INC. FILES FOR BANKRUPTCY PROTECTION
August 23, 1999, Mississauga, Ontario - Transformation Processing Inc.
(OTCBB: TPII) announced that it had filed a Notice of Intent to seek
Reorganization under the Bankruptcy and Insolvency Act of Canada today.
The Company is seeking protection from its creditors pending a plan of
reorganization. The Company will present a proposal of reorganization
within thirty days and will seek creditor approval of the plan. If the
proposal is rejected by the Company's creditors, the Company will be
liquidated.
