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
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Date of Report: July 13, 2000
AUGUST PROJECT 1 CORP.
(Exact Name of Registrant as Specified in Charter)
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FLORIDA 0-29689 65-0986953
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
22 SOUTH LINKS AVENUE, SUITE 204, SARASOTA, FLORIDA 34236
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(Address of principal executive offices) (Zip code)
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Registrant's telephone number, including area code: (941) 330-8051
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
On April 10, 2000, August Project 1 Corp., a Florida corporation (the
"COMPANY") completed its acquisition of all of the outstanding shares of capital
stock of USWEBAUCTIONS, Inc., a Florida corporation ("USWEBAUCTIONS"), from the
shareholders of USWEBAUCTIONS for 9,734,000 shares of common stock, par value
$0.001 per share, of the Company. The Company filed a Form 8-K dated July 13,
2000 in connection with the acquisition of USWEBAUCTIONS.
On July 13, 2000, the Company entered into a Rescission Agreement and
Mutual release with Jon Kochevar ("KOCHEVAR") and John Allen ("ALLEN") whereby
Kochevar and Allen returned all 9,734,000 shares of common stock of the Company
that they had received in the acquisition of all of the outstanding shares of
capital stock of USWEBAUCTIONS described above in exchange for the return of all
of the assets owned by USWEBAUCTIONS prior to such acquisition.
ITEM 7. FINANCIAL STATEMENT, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
A copy of the Rescission Agreement and Mutual Release among the
Company, Jon Kochevar and John Allen, dated July 13, 2000, is attached hereto as
Exhibit 2.01.
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EXHIBIT INDEX
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EXHIBIT
NO. DESCRIPTION LOCATION
2.01 Rescission Agreement and Mutual Release Provided herewith.
among the Company, Jon Kochevar and
John Allen, dated July 13, 2000.
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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 hereunto duly authorized.
AUGUST PROJECT 1 CORP.
Date: July 21, 2000 By:/s/ Jerry L. Busiere
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Name: Jerry L. Busiere
Its: Secretary
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