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: August 22, 2000
Rapid Retrieval Systems, Inc.
(Exact name of registrant as specified in its charter)
Nevada 0-30451 88-0429856
(State or other jurisdiction of (Commission (IRS Employee
Incorporation) File Number) Identification No.)
Suite 309, 2906 West Broadway, Vancouver, B.C. V6K 2G8
(Address of principal executive offices) (postal code)
Registrant's telephone number, including area code: (604) 731-6603
Item 1. Changes in Control of Registrant.
Pursuant to a Plan and Agreement of Merger dated June 6, 2000, (the "Agreement")
between Rapid Retrieval Systems, Inc., a Nevada Corporation (the "Company") and
Eline Music.com, Inc., a Tennessee Corporation ("ELine"), ELine has purchased
10,000,000 shares of the Company's common stock for a consideration $250,000 and
100% of the issued and outstanding common stock of ELine.
The Sonny Paradise, President and Director of ELine now controls 95% of the
total issued and outstanding stock of the Company. Further, the shareholders of
the Company appointed the directors of ELine, being Sonny Paradise and Kevin
Grisham, as new members of the Board of Directors. Sonny Paradise was appointed
President, Kevin D. Grisham was appointed Secretary and Charles E. Barrett was
appointed Treasurer of the Company pursuant to a Consent of the Board of
Directors dated August 15, 2000.
Security Ownership of Certain Beneficial Owners and Management
<TABLE>
<CAPTION>
Title of Class Name and Address Amount and Nature Percent of
Of Beneficial Owner of Beneficial Ownership Class
-----------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Common Sonny Paradise 9,920,000 95%
President, Director
14919 Lebenon Road
Old Hickory, TN 37138
Common Elio Guglielmi 6,000 Less than 1%
Director
Suite 403 - 700 West Broadway
Vancouver, B.C.
Canada V6C 1G8
</TABLE>
Item 2. Acquisition Or Disposition Of Assets.
Pursuant to the Plan and Agreement of Merger referenced above in Item 1 and
attached hereto as an exhibit, the Company has acquired ELine Music.com, Inc., a
Tennessee corporation. The Agreement calls for the issuance of 10,000,000
shares of the Company's common stock in consideration of $250,000 and 100% of
the issued and outstanding shares of ELine. The amount and type of
consideration was determined based on the present value of ELine card the
potential for future growth.
Item 7. Financial Statements and Exhibits.
a) Financial Statements of Business Acquired.
The Financial statements required under this item shall be provided as soon as
practicable as part of an amendment to this Current Report on Form 8-K.
b) Pro Forma Financial Information.
The pro-forma financial information required under this item shall be provided
as soon as practicable as part of an amendment to this Current Report on Form
8-K.
c) Exhibits.
(2) Agreement and Plan of Merger
Signatures:
Pursuant to the requirements 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.
Rapid Retrieval Systems, Inc.
(Registrant)
Date August 4, 2000
/s/ Sonny Paradise
Sonny Paradise, President
(Signature)
