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 16, 2000
FORESTINDUSTRY.COM, INC.
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(Exact name of Registrant as specified in its charter)
Delaware 0-26673 98-0207081
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(State or other jurisdiction (Commission File No.) (IRS Employer
of incorporation) Identification No.)
Suite 504 - 999 Canada Place, Vancouver, British Columbia, V6C 3E1
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(Address of principal executive offices, including Zip Code)
Registrant's telephone number, including area code: (604) 632-3802
(Former name or former address if changed since last report.)
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Item 2. Acquisition or Disposition of Assets
On August 16, 2000, the Company signed a non-binding letter of intent to
acquire all of the issued and outstanding shares of C.C. Crow Publications, Inc.
in exchange for the issuance of 400,000 shares of the common stock of the
Company and payment of $330,000 at the final closing date. The closing date for
the final agreements will be on or before December 31, 2000. The Company issued
400,000 shares of common stock in escrow until the closing date, to be accounted
for by the Company at fair market value or $424,800. The acquisition is subject
to both parties completing their respective due diligence investigations. A
portion of 400,000 shares, 125,000 common shares, have been issued as a
non-refundable deposit.
C.C. Crow Publications Inc. commenced operations in 1921 and was
incorporated on May 24, 1956 in the State of Oregon. Crow's principal business
activity is the weekly publication of a market report for the softwood industry.
The sole owner and President of Crow's is Frank Vetorino. Upon closing, all of
the officers and directors of Crow's will resign and the Company's president,
Joe Perraton will be appointed as the president of Crows which will be a
wholly-owned subsidiary. C.C. Crow Publications, Inc. has few tangible assets,
however, they maintain a subscriber base of 1,721 subscribers to their market
reports and publish a monthly trade journal.
Item 7. Financial Statements, Pro Forma Financial Information
(a) Financial Statements of Business Acquired will be provided upon the final
closing date.
(b) Pro Forma Financial Information will be provided upon the final closing
date.
(c) Exhibits
10. Letter of Intent
99. Press Release
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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.
Date: August 29 , 2000
forestindustry.com, Inc.
By: /s/ JOE PERRATON
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Joe Perraton, President
