UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) July 30, 1999
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Transnational Financial Network, Inc.
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(Exact name of small business issuer as specified in its charter)
California 1-14219 94-2964195
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(State or other jurisdiction (Commission File (I.R.S.Employer
of incorporation) Number) Identification No.)
401 Taraval Street, San Francisco, CA 94116
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(Address of principal executive offices) (Zip Code)
(Registrant's telephone number, including area code: (415) 242-7800
(Former name, former address and former fiscal year,
if changed since last report)
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Item 7. Financial Statements and Exhibits.
(a) Financial Statements of Business Acquired. The following financial
statements for LRS, Inc are attached hereto as Exhibit 99.1
Audited Financial statements for the Year ended December 31, 1998
Independent Auditors' Report
Balance Sheet
Statement of Income
Statement of Changes in Stockholders' Equity
Statement of Cash Flows
Notes to Financial Statements
(b) Pro Forma Financial Information. Attached hereto as Exhibit 99.2 is the
unaudited pro forma condensed combined statement of operations for the seven
month period ended July 31, 1999, as if the acquisition of LRS, Inc. occurred as
of January 1, 1999.
The pro forma condensed combined financial statements have been prepared by the
management of the Company based on the historical financial statements of the
Company and of LRS, Inc. using the purchase method of accounting. Assumptions
and adjustments are discussed in the introductory notes to the pro forma
condensed combined financial statements. In the opinion of the management of the
Company, all pro forma adjustments necessary to state fairly such pro forma
financial information have been made. The shares outstanding have been adjusted
to reflect the issuance of shares for the acquisition. The unaudited pro forma
condensed combined financial statements are not necessarily indicative of what
actual results of operations would have been for the period had the transaction
occurred on the dates indicated. In addition, such financial statements do not
purport to indicate the results of future operations of financial position of
the Company from the acquisition date forward.
The accompanying pro forma financial statements reflect the allocation of
purchase price based on a preliminary analysis of the values of equity
instruments issued and the assets acquired and liabilities assumed. Final
analysis may result in a change to the purchase price allocation.
(c) Exhibits.
99.1 Audited Financial Statements of LRS, Inc. as of and for the year ended
December 31, 1999.
99.2 Unaudited pro forma consolidating financial statements.
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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, thereby
duly authorized.
Date: May 16, 2000
Transnational Financial Corporation
/s/ Joseph Kristul
Joseph Kristul, President
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