U.S. 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: March 20, 2000
ACCIDENT PREVENTION PLUS, INC.
(Exact name of small business issuer as specified in its charter)
NEVADA
(State or other Jurisdiction as Specified in Charter
00-26257 11-3461611
(Commission file number) (I.R.S. Employer Identification No.)
325 Wireless Boulevard
Hauppauge, New York 11788
(Address of Principal Executive Offices)
(516) 360-0600
(Issuer's telephone number)
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Items 1 through 4 and 6 through 8 not applicable.
Item 5. Other Events.
During June 1999, management of Accident Prevention Plus, Inc., a Nevada
corporation (the "Company") determined that there was a mistake of fact
involving an Agreement and Plan of Reorganization dated October 28, 1999 between
the Company and KMR Telecom, Ltd., a corporation organized under the laws of
India ("KMR"). Pursuant to the Agreement and Plan of Reorganization, the Company
acquired KMR as a wholly-owned subsidiary. Management subsequently discovered
that the laws of India prohibited a foreign entity from holding more than a 49%
equity ownership interest in a company organized under the laws of India.
Therefore, the Agreement and Plan of Reorganization was in violation of the laws
of India.
On June 21, 1999, retroactively effective to October 28, 1999, the Company
entered into Rescission Agreement with KMR pursuant to which it was agreed (i)
the Agreement and Plan of Reorganization with KMR would be set aside; (ii) the
previous shareholders of KMR would return to the Company their respective stock
certificates evidencing ownership of 800,000 shares of the common stock of the
Company; and (iii) KMR would cease to be a wholly-owned subsidiary of the
Company with no further rights, duties or liabilities to the Company.
On September 13, 1999, Accident Prevention Plus (UK) Limited ("APP UK") was
formed as a private limited company under the laws of England and Wales.
Simultaneously, the Company acquired APP UK as a wholly-owned subsidiary
pursuant to a purchase of all of the issued and outstanding shares of ordinary
stock of APP UK. APP UK provides services for the Company including, but not
limited to, sales and marketing, administration, and technical support for the
United Kingdom marketplace.
SIGNATURES
In accordance with 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.
ACCIDENT PREVENTION PLUS, INC.
Date: March 20, 2000 By: /s/ Steven H. Wahrman
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Steven H. Wahrman, President
