SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of the Securities and
Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): JUNE 28, 2000
AEI ENVIRONMENTAL, INC.
(Exact Name of Registrant as Specified in its Charter)
COLORADO
(State or Other Jurisdiction of Incorporation)
000-24987 05-0499525
(Commission File No.) (I.R.S. Employer Identification No.)
105 EAST FIRST STREET, HINSDALE, ILLINOIS
(Address of Principal Executive Offices)
60521
(Zip Code)
(630) 325-7029
(Registrant's Telephone Number, Including Area Code)
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
On September 22, 2000, AEI Environmental, Inc. (the "Registrant") acquired
certain assets and assumed certain of the liabilities of CattleSale.com,
Inc. pursuant to a "Limited Liability Company Purchase Agreement" (the
"Agreement") dated August 15, 2000. CattleSale.com, Inc., whose principal
office is located in Boise, Idaho, is an internet-based livestock marketing
service, providing e-business solutions for the livestock industry.
The net assets acquired were purchased for $3,250,000 in cash and included
all of CattleSale.com, Inc.'s computer equipment and software, internet
domain names and IP addresses, trademarks, trade names and other
intangibles. The Registrant anticipates that it will continue to use such
assets to further develop its business plan. The transaction was financed
by the Registrant through issuance of debentures totaling $3,150,000 that
are due at various times through March 22, 2001.
Concurrent with the above transaction, shareholders of CattleSale.com and
other investors have signed subscription agreements to purchase shares of
Common Stock of the Registrant. As of the date of filing of this Current
Report on Form 8-K, subscription agreements totaling approximately
$________________ have been received. The proceeds from the sale of stock
will be used for general working capital purposes.
.
The description contained herein of the Agreement is qualified in its
entirety by reference to the Agreement, which is attached hereto as Exhibit
2 and incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
a) Financial Statements.
As of the date of filing of this Current Report on Form 8-K, it is
impracticable for the Registrant to provide the financial statements
required by this Item 7(a). In accordance with Item 7(a)(4) of Form
8-K, such financial statements shall be filed by amendment to this
Form 8-K no later than 60 days after October 9, 2000.
b) Pro Forma Financial Information.
As of the date of filing of this Current Report on Form 8-K, it is
impracticable for the Registrant to provide the pro forma financial
information required by this Item 7(b). In accordance with Item 7(b)
of Form 8-K, such financial statements shall be filed by amendment to
this Form 8-K no later than 60 days after October 9, 2000.
c) Exhibits.
Exhibit
Number Description
------- -----------
2 Limited Liability Company Purchase Agreement Between AEI
Environmental, Inc. and CattleSale.com, Inc., dated
August 15, 2000
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
AEI ENVIRONMENTAL, INC.
By: /s/ Tom F. Perles
Date: OCTOBER 9, 2000 TOM F. PERLES
Chief Financial Officer
