UNITED STATES
SECURITIES 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):
December 17, 1999
CI4NET.COM, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 13-4032991
-------- ----------
(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification No.)
1 Rockefeller Plaza - Suite 1600
New York, New York 10020
- ---------------------------------- -----
(Address of principal executive offices) (Zip Code)
Registrant's telephone number (212) 225-6581
--------------
<PAGE>
FORWARD LOOKING STATEMENTS
Except for the Historical Information Contained Herein, Certain
Matters Discussed in this Report May Be Considered
"Forward-looking Statements" Within The Meaning of The Securities
Act of 1933 And The Securities Exchange Act of 1934, as Amended
by The Private Securities Litigation Reform Act of 1995. Those
Statements Include Statements Regarding The Intent, Belief or
Current Expectations of The Company and Members of its Management
as Well as the Assumptions on Which Such Statements Are Based.
Prospective Investors Are Cautioned That Any Such Forward-looking
Statements Are Not Guarantees of Future Performance and Involve
Risks and Uncertainties, and That Actual Results May Differ
Materially from Those Contemplated by Such Forward-looking
Statements. Important Factors Currently Known to Management That
Could Cause Actual Results to Differ Materially from Those in
Forward-looking Statements Include "The Company's Operating
Results Could Fluctuate, Causing Its Stock Price to Fall", "If
the Company Cannot Integrate Acquired Companies in its Business,
its Profitability May Be Adversely Effected", and "The Company
May Not Be Able to Compete Successfully Against Other Companies."
These and Additional Important Factors to Be Considered Are Set
Forth in the Safe Harbor Compliance Statement for Forward-looking
Statements the Company Undertakes No Obligation to Update or
Revise Forward-looking Statements to Reflect Changed Assumptions,
the Occurrence of Unanticipated Events or Changes to Future
Operating Results.
Item 2. Acquisition or Disposition of Assets
Leisure Concepts International Inc., on December 17, 1999
acquired all the outstanding shares of common stock of CI4Net.com
Inc., a Delaware company operating as an Internet holding
company. Additionally, the Company has effectuated a 15 for 1
reverse split of its outstanding shares of common stock which has
effectively left 555,446 shares of common stock outstanding.
Subsequent to the acquisition, and pursuant to the terms of the
Acquisition Agreement, the Company issued 20,500,000 shares of
common stock to the shareholders of Ci4net.com Inc., as
consideration of their sale of the shares of the shares acquired
by the Company. Control of the Company now vests in the hands of
the shareholders of Ci4net.com Inc.
The Company has also agreed to acquire all of the outstanding
shares of common stock of MSK Industries, Inc., in a transaction
was to issue 2,238,400 shares of its common stock to the
shareholders of MSK Industries.
Pursuant to the terms of the Acquisition Agreement, the Company
has changed its name to CI4Net.com, Inc.
ABOUT CI4NET.COM
Ci4net.com is a European economic network, or ``Econet''. The
Company currently owns 50% or more of 26 Internet companies
involved in Business-to-Business, Business-to-Consumer,
e-Commerce and infrastructure. ci4net.com is focused on adding
value at all stages of a company's development via its network.
ci4net.com can provide infrastructure technologies, operational
and management resources and synergistic access to a network of
portfolio companies. For more information visit the Company's Web
site at http://www.ci4net.com.
ABOUT MSK INDUSTRIES INC.
MSK Industries, Inc., a developmental stage company, was
organized on December 31, 1996 under the laws of the State of
Delaware, having the stated purpose of engaging in any lawful act
or activity for which corporations may be organized. MSK
Industries was originally formed to create a chain of Sports
themed restaurants, however after a change of strategy MSK began
acquiring Internet operations and now have four Internet
subsidiaries which now make up the core business of the Company.
MSK Industries has no recent operating history and minimal assets
and liabilities based upon its developmental stage status.
<PAGE>
<PAGE>
Item 5. Other Events
Subsequent to the closing of the Acquisition Agreement between
Leisure Concepts International, Inc., and CI4net.com, Inc., the
Company has decided to change its name to CI4net.com, Inc.
<PAGE>
<PAGE>
Item 7. Financial Statements and Exhibits
FINANCIAL STATEMENTS OF CI4NET.COM, INC.
To the Board of Directors of Ci4net.com, Inc.
We have reviewed the accompanying balance sheet of Ci4net.com,
Inc., (a development stage company) as of September 30, 1999 and
the related statements of operations and deficiency, cash flows
and stockholders' equity for period from September 3, 1999 to
September 30, 1999. These financial statements are the
responsibility of the Company's management. Our responsibility
is to express an opinion on these financial statements based on
our audits.
We conducted our audits in accordance with generally accepted
auditing standards. Those standard require that we plan and
perform the audit to obtain reasonable assurance about whether
the financial statements are free of material misstatement. An
audit includes examining, on a test basis, evidences supporting
the amounts and disclosures in the financial statements, An audit
also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating
the overall financial statement presentation. We believe that
our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above
present fairly, in all material respects, the financial position
of Ci4net.com, Inc., as of September 30, 1999, and the
results of its operations and its cash flows for the period from
September 3, 1999 to September 30, 1999 in conformity with
generally accepted accounting principles.
The accompanying financial statements have been prepared assuming
that the Company will continue as a going concern. As discussed
in Note 4 to the financial statements, the Company has losses
from operations and a net capital deficiency, which raise
substantial doubt about its ability to continue as a going
concern. Management's plans regarding those matters also are
described in Notes 4. The financial statements do not include
any adjustments that might result from the outcome of this
uncertainty.
Graf Repetti & Co., LLP.
New York, New York
February 28, 2000
<PAGE>
<PAGE>
CI4NET.COM, INC.
(A Development Stage Company)
BALANCE SHEET
<TABLE>
As Of
September 30, 1999
-----------------------
<S> <C>
ASSETS
Current Assets
Cash $0
Other Current Assets 0
_________
Total Current Assets 0
Other Assets 0
_________
TOTAL ASSETS $0
LIABILITIES AND SHAREHOLDERS' EQUITY
Current Liabilities
Accrued Expenses 2,500
_________
Total Current Liabilities 2,500
Loan Payable - Gala Consultancy
Note 6 6,500
_________
Total Liabilities 9,000
Stockholders' Equity
Common Stock, $.001 par value,
Authorized 25,000.000 Shares;
Issued and Outstanding
100 Shares -
Additional Paid in Capital 8,333
Deficit Accumulated During the
Development Stage ( 17,333)
_________
Total Stockholders' Equity ( 9,000)
TOTAL LIABILITIES AND
STOCKHOLDERS' EQUITY $0
</TABLE>
The accompanying notes and accountant's report are an integral
part of these financial statements.
<PAGE>
<PAGE>
CI4NET.COM, INC.
(A Development Stage Company)
STATEMENT OF OPERATIONS AND DEFICIT
<TABLE>
From September 3, 1999
To September 30, 1999
----------------------
<S> <C>
TOTAL REVENUES: 0
OPERATING EXPENSES:
Accounting 2,500
Rent Expense (Note 2) 6,500
Contributed Sevices (Note 5) 8,333
________
TOTAL OPERATING EXPENSES 17,333
NET LOSS (17,333)
DEFICIENCY BEGINNING OF PERIOD -
DEFICIENCY - END OF PERIOD (17,333)
NET LOSS PER SHARE (173.33)
Weighted Average Number of Shares
Outstanding 100
</TABLE>
The accompanying notes and accountant's report are an integral
part of these financial statements.
<PAGE>
<PAGE>
CI4NET.COM, INC.
(A Development Stage Company)
STATEMENT OF CASH FLOWS
<TABLE>
From September 3, 1999
To September 30, 1999
----------------------
<S> <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Loss $(17,333)
Adjustments to Reconcile Net Loss to Net
Cash Used in operating Activities:
Additional Paid In Capital Contributed
by Shareholders for:
Rent 6,500
Contributed Services 8,333
Changes in Assets and Liabilities:
Increase in Accrued Expenses 2,500
------------
Total Adjustments 17,333
Net Cash Used in Operating Activities: -
Net Change in Cash -
Cash - Beginning -
Cash - Ending -
SUPPLEMENTAL DISCLOSURE OF CASH FLOW
INFORMATION:
Cash paid during the year for:
Interest Expense -
Corporate Taxes -
<PAGE>
<PAGE>
CI4NET.COM, INC.
(A Development Stage Company)
STATEMENT OF SHAREHOLDERS' DEFICIENCY
FROM SEPTEMBER 3, 1999 (INCEPTION) TO SEPTEMBER 30, 1999
</TABLE>
<TABLE>
<CAPTION>
Total
COMMON STOCK ISSUED Additional Accumulated Shareholders'
SHARES PAR VALUE Paid in Cap Deficit Equity
-------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
ISSUANCE OF 100
SHARES
SEPT. 3, 1999 100 $ - $ - $ - $ -
NET LOSS
FOR THE
PERIOD FROM
INCEPTION TO
SEPT. 30, 1999 0 0 8,333 (17,133) (9,000)
-----------------------------------------------------------
BALANCE
SEPT. 30, 1999 100 0 8,333 (17,133) (9,000)
</TABLE>
The accompanying notes and accountant's report are an integral
part of these financial statements.
<PAGE>
CI4NET.COM, INC.
(A Development Stage Company)
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 1999
NOTE 1 - NATURE OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES
A. Description of Company
CI4NET.COM, INC., ("the Company") is a for-profit corporation,
incorporated under the laws of the State of Delaware on September
1, 1999. Ci4net.com, Inc.'s principal objective is to develop a
network of Inernet companies.
B. Basis of Presentation
Financial statements are prepared on the accrual basis of
accounting. Accordingly, revenue is recognized when earned and
expenses when incurred.
C. Use of Estimates
The preparation of financial statements in conformity with
generally accepted accounting principles requires management to
make estimates and assumptions that affect certain reported
amounts and disclosures. Accordingly, actual results could
differ from these estimates. Significant estimates in the
financial statements include the assumption that the Company will
continue as a going concern. See Note 4.
NOTE 2 - USE OF OFFICE SPACE
The Company uses 1000 square feet of space for its executive
offices at One Rockefeller Plaza, Suite 1600, New York, New York
which is paid for by Gala Consultancy Ltd., one of its
shareholders. The fair market value of this office is $6,500 per
month which is reflected as an expense with a corresponding
credit to Loan Payable - Gala Consultancy Ltd.
NOTE 3 - EARNINGS PER SHARE
Net Loss Per Share $ (173.33)
NOTE 4 - LIQUIDITY
The Company's viability as a going concern is dependent upon
raising additional capital, and ultimately, having net income.
The Company's limited operating history, including its losses and
no revenues, primarily reflect the operations of its early stage.
As a result, the Company had from time of inception to September
30, 1999 no revenue and a net loss from operations of $(17,333).
As of September 30, 1999, the Company had a net capital
deficiency of $(8,000).
The Company requires additional capital principally to meet its
costs for the implementation of its business plan, for general
and administrative expenses and to fund costs associated with the
start up of its telecommunications operations. It is not
anticipated that the Company will be able to meet its financial
obligations through internal net revenue in the foreseeable
future. Ci4net.com, Inc., does not have a working capital line
of credit with any financial institution. Therefore, future
sources of liquidity will be limited to the Company's ability to
obtain additional debt or equity funding. See Note 6.
NOTE 5 - CONTRIBUTED SERVICES
On September 3, 1999 two of the company's officers began
rendering services on behalf of the company at no cost. The fair
market value is $4,166 per officer per month. Each amount is
reflected as an expense with a corresponding credit to additional
paid in capital.
NOTE 6 - RELATED PARTY TRANSACTION
Gala Consultancy Ltd., is a shareholder Ci4net.com, Inc., (Ci4).
Gala Consultancy Ltd. has agreed to supply funds as needed to Ci4
to cover Ci4's financial obligations.
Ci4 anticipates that its capital resources, as provided through
its arrangement with Gala Consultancy Ltd., will permit the
company to maintain its current implemented operations for at
lease twelve (12) months.
As of September 30, 1999, $6,500 was outstanding on this loan.
The loan is not evidenced by a note. The informal agreement
calls for no payment of interest. Ci4 intends to repay the loan
out of any fundraising that it may carry out or when the company
achieves sustainable revenue.
NOTE 7 - SUBSEQUENT EVENTS
On October 1, 1999, Ci4net.com, Inc., acquired 100% of
Ci4net.com, Limited, a Jersey Channel Islands Corporation for
1,000,000 shares. At this time, Ci4net.com Limited had 3
subsidiaries and subsequently now has a total of 7 subsidiaries.
On October 1, 1999 Ci4net.com, Inc., acquired 100% of Three W
Capital Limited, a Marshall Islands Corporation for 2,000,000
shares. Three W Capital has 4 subsidiaries.
On December 17, 1999, Ci4net.com, Inc., was purchased by Leisure
Concepts International inc., a for-profit corporation
incorporated under the laws of the State of Delaware on December
29, 1995. Leisure Concepts International, Inc., was a
developmental stage company with no assets and $25,538 of
liabilities as of October 31, 1999. The new entity uses the name
Ci4net.com, Inc.
The purchase agreement between Leisure Concepts International
Inc., and Ci4net.com, Inc., called for a one for 15 reverse split
of Leisure's then outstanding shares resulting in 555,466 shares
outstanding. Leisure then issued 20,500,000 post-reverse split
shares with a par value of $20,500 to the shareholders of Ci4 in
exchange for 100% of the issued and outstanding stock of Ci4.
The agreement closed on December 17, 1999.
On December 20, 1999, Ci4net.com Inc., acquired 100% of Planet
Edge Limited, a UK Corporation for 1,166,667 shares.
On December 21, 1999, Ci4net.com Inc., acquired 100% of MSK
Industries Inc., a Delaware Corporation for 2,238,400 shares.
MSK has 4 subsidiaries.
<PAGE>
<PAGE>
FINANCIAL STATEMENTS OF MSK INDUSTRIES, INC.
To the Board of Directors of MSK Industries, Inc.
We have reviewed the accompanying balance sheet of MSK
Industries, Inc., (a development stage company) as of May
31, 1998 and 1999, and the related statements of operations and
deficiency, cash flows and stockholders' equity (deficit), for
the years then ended, and for the period December 31, 1996
(inception) to May 31, 1999. These financial statements are the
responsibility of the Company's management. Our responsibility
is to express an opinion on these financial statements based on
our audits.
We conducted our audits in accordance with generally accepted
auditing standards. Those standard require that we plan and
perform the audit to obtain reasonable assurance about whether
the financial statements are free of material misstatement. An
audit includes examining, on a test basis, evidences supporting
the amounts and disclosures in the financial statements, An audit
also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating
the overall financial statement presentation. We believe that
our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above
present fairly, in all material respects, the financial position
of MSK Industries, Inc., as of May 31, 1998 and 1999, and the
results of its operations and its cash flows for the years then
ended and for the period December 31, 1996 (inception) to
May 31, 1999 in conformity with generally accepted
accounting principles.
The accompanying financial statements have been prepared assuming
that the Company will continue as a going concern. As discussed
in Note 4 to the financial statements, the Company has losses
from operations and a net capital deficiency, which raise
substantial doubt about its ability to continue as a going
concern. Management's plans regarding those matters also are
described in Notes 4. The financial statements do not include
any adjustments that might result from the outcome of this
uncertainty.
Graf Repetti & Co., LLP.
New York, New York
February 28, 2000
<PAGE>
<PAGE>
MSK INDUSTRIES INC.
(A Development Stage Company)
BALANCE SHEET
AS OF MAY 31, 1998 AND 1999
<TABLE>
<CAPTION>
May 31, 1998 May 31, 1999
<S> <C> <C>
ASSETS
Current Assets
Cash $ 0 $ 0
Other Current Assets 0 0
---------- ---------
Total Current Assets 0 0
---------- ---------
Total Assets $ 0 $ 0
LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)
Current Liabilities
Accounts Payable $ 0 $ 0
Accrued Expenses 100 2,550
----------- ---------
Total Liabilities $ 100 2,550
STOCKHOLDERS' EQUITY
Common Stock, $.001 par value,
Authorized 25,000,000 Shares;
Issued and Outstanding 5,596,000
Shares 2,596 5,596
Additional Paid in Capital 0 29,460
Deficit Accumulated During
the Development Stage ( 2,696) ( 37,606)
----------- ----------
Total Stockholders' Equity ( 100) ( 2,550)
TOTAL LIABILITIES AND
STOCKHOLDERS' EQUITY (DEFICIT) $ 0 $ 0
The accompanying notes are an integral part of these financial
statements
</TABLE>
<PAGE>
<PAGE>
MSK INDUSTRIES INC.
(A Development Stage Company)
CONDENSED STATEMENT OF LOSS
FOR THE YEAR ENDED MAY 31, 1999 AND
FROM DECEMBER 29, 1995 (INCEPTION) TO MAY 31, 1999
<TABLE>
<CAPTION>
For the Year From For the Year
Ended Inception to Ended
May 31, 1999 May 31, 1999 May31, 1998
------------- ------------- -------------
<S> <C> <C> <C>
TOTAL REVENUES: $ 0 $ 0 $ 0
---------- ---------- ----------
OPERATING EXPENSES:
Accounting 2,500 2,500 0
Legal 5,000 5,000 0
Rent - Note 3 2,460 2,460 0
Filing Fee 50 150 50
Other Start Up Costs 24,900 27,496 0
---------- ---------- ----------
Total Operating Expenses 34,190 37,606 50
---------- ---------- ----------
Operating Loss $(34,190) $( 37,606) $ ( 50)
---------- ---------- ----------
NET LOSS PER SHARE $ (0.01) $(0.01) $( 0.0)
---------- ---------- ----------
WEIGHTED AVERAGE NUMBER
OF SHARES OUTSTANDING 3,565,863 2,991,016 2,595,000
---------- ---------- ----------
The accompanying notes are an integral part of these financial
statements.
</TABLE>
<PAGE>
<PAGE>
MSK INDUSTRIES INC.
(A Development Stage Company)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED MAY 31, 1999 AND
FROM DECEMBER 29, 1995 (INCEPTION) TO MAY 31, 1999
<TABLE>
<CAPTION>
For the Year From For the Year
Ended Inception to Ended
May 31, 1999 May 31, 1999 May 31, 1998
------------- ------------- -------------
<S> <C> <C> <C>
CASH FLOWS FROM
OPERATING ACTIVITIES:
Net Loss $(34,910) $( 37,606) $ (50)
-------- -------- ---------
Adjustments to Reconcile Net
Loss to Net Cash Used in
Operating Activities:
Additional Paid in Capital
Contributed By Shareholder
for Rent 2,460 2,460 0
Changes in Assets and
Liabilities:
Increase in Accrued Expenses 2,450 2,550 50
-------- -------- ----------
Total Adjustments 4,910 5,010 50
-------- -------- ----------
Net Cash Used in
Operating Activities (30,000) ( 32,596) 0
-------- -------- ----------
CASH FLOWS FROM
FINANCING ACTIVITIES:
Proceeds from Insurance of
Common Stock 30,000 32,596 0
-------- -------- ----------
Net Cash Provided by
Financing Activities 0 32,596 0
-------- -------- ----------
Net Change in Cash 0 0 0
Cash at Beginning of Period 0 0 0
Cash at End of Period $ 0 $ 0 $ 0
-------- -------- ----------
SUPPLEMENTAL DISCLOSURE OF
CASH FLOW INFORMATION
Cash Paid During the Period
for Interest Expense $ 0 $ 0 $ 0
-------- -------- -----------
Corporate Taxes $ 0 $ 0 $ 0
-------- -------- -----------
The accompanying notes are an integral part of these financial
statements.
</TABLE>
<PAGE>
<PAGE>
MSK INDUSTRIES INC.
(A Development Stage Company)
STATEMENT OF SHAREHOLDERS' EQUITY (DEFICIT)
FOR INCEPTION TO MAY 31, 1999
<TABLE>
<CAPTION>
Total
COMMON STOCK ISSUED Additional Accumulated Shareholders'
SHARES PAR VALUE Paid in Cap Deficit Equity
-------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
ISSUANCE OF
2,596,000 Shares
January 1, 1997 2,596,000 $ 2,596 $ 0 $ 0 $ 2,596
NET LOSS
FOR THE YEAR
ENDED MAY 31, 1997 0 0 0 ( 2,646) ( 2,646)
-------------------------------------------------------------
BALANCE
MAY 31, 1997 2,596,000 2,596 0 ( 2,646) ( 50)
NET LOSS
FOR THE YEAR
ENDED MAY 31, 1998 0 0 0 ( 50) ( 50)
-------------------------------------------------------------
BALANCE
MAY 31, 1998 2,596,000 2,596 0 ( 2,696) ( 100)
ISSUANCE OF
3,000,000 SHARES
February 3, 1999 3,000,000 3,000 27,000 0 30,000
NET LOSS
FOR THE
YEAR ENDED
MAY 31, 1999 0 0 2,460 (34,910) (32,450)
-------------------------------------------------------------
BALANCE
MAY 31, 1999 5,596,000 $5,596 $ 29,460 $( 37,606)$( 2,550)
</TABLE>
The accompanying notes are an integral part of these financial
statements.
<PAGE>
<PAGE>
MSK INDUSTRIES INC., INC.
(A Development Stage Company)
NOTES TO FINANCIAL STATEMENTS
MAY 31, 1999
NOTE 1 - NATURE OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES
A. Description of Company
MSK INDUSTRIES, INC., ("the Company") is a for-profit
corporation, incorporated under the laws of the State of Delaware
on December 31, 1996.
The Company is a developmental stage company and currently has no
material operations. The directors have determined that the
Company should become active in seeking potential business
opportunities with the intent to acquire or merge with such
businesses.
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES
A. Basis of Presentation
Financial statements are prepared on the accrual basis of
accounting. Accordingly, revenue is recognized when earned and
expenses when incurred.
B. Use of Estimates
The preparation of financial statements in conformity with
generally accepted accounting principles requires management to
make estimates and assumptions that affect certain reported
amounts and disclosures. Accordingly, actual results could
differ from these estimates. Significant estimates in the
financial statements include the assumption that the Company will
continue as a going concern. See Note 5.
NOTE 3 - USE OF OFFICE SPACE
The Company began using office space for its executive offices
on June 3, 1998 at 625 North Michigan Avenue, Suite 500, Chicago,
Illinois. The fair market value of the 300 square foot office
is $205 per month. The Company receives the use of this office
from one of its shareholders at no cost. The fair market
value is reflected as an expense with a corresponding credit
to additional paid in capital.
NOTE 4 - EARNINGS PER SHARE
For the Year For the Year
Ended May 31,Ended May 31, From Inception
1998 1999 To May 31, 1999
------------ ------------ ---------------
Net Loss Per Share $(0.00) $(0.01) ($0.01)
NOTE 5 - LIQUIDITY
The Company's viability as a going concern is dependent upon
raising additional capital, and ultimately, having net income.
The Company's limited operating history, including its losses and
no revenues, primarily reflect the operations of its early stage.
As a result, the Company had from time of inception to May
31, 1999 no revenue and a net loss from operations of $(37,606).
As of May 31, 1999, the Company had a net capital deficiency of
$(2,550).
The Company requires additional capital principally to meet its
costs for the implementation of its business plan, for general
and administrative expenses and to fund costs associated with the
start up of its development of internet companies. It is not
anticipated that the Company will be able to meet its financial
obligations through internal net revenue in the foreseeable
future. MSK Industries, Inc., does not have a working capital
line of credit with any financial institution. Therefore, future
sources of liquidity will be limited to the Company's ability to
obtain additional debt or equity funding.
NOTE 6 - SUBSEQUENT EVENTS
On July 15, 1999, MSK Industries Inc., acquired Safe Data
Limited, a company incorporated in the United Kingdom on April
29, 1997. Safe Data Limited owns 51% of Trravel.com, 100%
of Ehome2k.com, 100% of What language Ltd., and 100% of
Browsemiles Limited. All of Safe Data Limited's subsidiaries
were incorporated in the United Kingdom.
On December 21, 1999, MSK Industries, Inc., was acquired by
Ci4net.com, Inc., a Delaware Corporation. As of September
30, 1999, Ci4net.com, Inc., was a developmental stage company
with no assets and $9,000 of liabilities. Under the agreement,
Ci4net.com issued 2,238,400 shares of its stock with a par value
of $2,238 to the shareholders of MSK Industries, Inc.
<PAGE>
<PAGE>
SIGNATURES
In accordance with the requirements of the Securities Exchange
Act of 1934, the registrant caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.
Dated: February 28, 2000
Ci4net.com, Inc.
(Registrant)
/s/ Kevin R. Leech
President
