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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): JULY 3, 2000
CENTRE CAPITAL CORPORATION
(Exact Name of Registrant as Specified in Its Charter)
STATE OF NEVADA
(State or Other Jurisdiction of Incorporation)
000-25845 87-0385103
(Commission File No.) (I.R.S. Employer Identification No.)
2619 GRAVEL STREET
FORT WORTH, TEXAS 76118
(Address of Principal Executive Offices)
(817) 595-0919
(Registrant's Telephone Number, Including Area Code)
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
The Registrant acquired 58,285.71 tons of paid up zeolite mineral, having a
value of $11,307,428, pursuant to a Zeolite Purchase Agreement dated July 3,
2000 between the Registrant and Equitable Assets Incorporated, a Belize
corporation. The consideration paid by the Registrant for the zeolite was
1,000,000 shares of the restricted common stock of the Registrant, par value
$0.001 per share. The Registrant and Equitable Assets Incorporated also
executed a corresponding Assignment and a Registration Rights Agreement on the
same date as the Zeolite Purchase Agreement.
The following is a description of zeolite and some of its uses.
Zeolite is a three dimensional, micro-porous, crystalline solid with
well-defined structures that contain aluminum, silicon and oxygen in their
regular framework. Cations and water are located in its pores. Zeolite is
mined in many parts of the world and is created naturally as a result of
volcanic activity or produced synthetically. Zeolite behaves in a predictable
fashion because of its regular and reproducible structure.
The silicon and aluminum atoms of zeolite are tetrahedrally coordinated
with one another through shared oxygen atoms. These crystalline hydrated
aluminosilicates possess infinite numbers of three-dimensional frameworks of
silicon-oxygen tetrahedra. The honeycomb crystalline structure of zeolite
readily absorbs molecules that have diameters small enough to fit through the
entry channel. Molecules too large to pass through the entry channel are
excluded, a fact that gives rise to a term commonly used to describe the actions
of zeolite: "molecular sieving."
Zeolite is used to absorb a variety of materials, including drying,
purification, and separation of materials. Zeolite can remove water and is a
very effective desiccant with an absorption capacity of approximately 25 percent
of its weight in water. Zeolite can also remove volatile organic chemicals from
air streams, and can separate isomers and mixtures of gases.
Zeolite can be a shape-selective catalyst either by transition state
selectivity or by exclusion of competing reactants on the basis of molecular
diameter. Zeolite can also be an acid catalyst and can be used as a support for
active metals or reagents. Further, it has been used as an oxidation catalyst.
The main industrial application areas for zeolite as a catalyst are in petroleum
refining, synfuels production and petrochemical production. Synthetic zeolite
is the most important catalyst in petrochemical refineries.
Zeolite is also useful in ion exchange. The largest volume use for zeolite
in ion exchange is in detergent formulations where it has replaced phosphates as
a water softening agent. Zeolite does this by exchanging the sodium in the
zeolite for the calcium and magnesium present in the water. Packets in the home
refrigerator, deep freeze, ice chest, cooler and gym bags can be used to
eliminate odors and bacteria.
The Registrant anticipates using zeolite in dry shampoo for animals, in
animal litter boxes, in products to eliminate mold and mildew, in products to
eliminate odors (including foot odor and carpet odor), in products to eliminate
radon gas in the home, and in air purifiers.
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ITEM 5. OTHER EVENTS.
On June 21, 2000, the Registrant announced that it had entered into a
license delivery and royalty agreement for the Arthritis Relief Plus treatment
product with Chiro-Partners, Ltd. I, a network of physicians and chiropractors.
On June 29, 2000, the Registrant announced that it had acquired a five
percent royalty interest in the gross revenues of Benex Group, Inc. of Houston,
Texas. Benex Group, Inc. is a health benefits and product consolidation
company.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(b) Pro forma financial information. The pro forma financial information
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required by Regulation S-X is not included herein. The information
will be filed within 30 days of the date hereof.
(c) Exhibits.
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1. Royalty Agreement dated June 1, 2000 between the Sundial
Marketing Group, Inc. ("SMGI") and Chiro-Partners, Ltd. I
relating to the Arthritis Relief Plus treatment product.
2. Assignment Agreement dated June 21, 2000 between SMGI and the
Registrant with respect to Exhibit 1 above.
3. Royalty Agreement dated June 8, 2000 between SMGI and Benex
Group, Inc. whereby SMGI had acquired a five percent royalty
interest in the gross revenues of Benex Group, Inc.
4. Assignment Agreement dated June 29, 2000 between SMGI and the
Registrant with respect to Exhibit 3 above.
5. Zeolite Purchase Agreement dated July 3, 2000 with respect to
58,285.71 tons of paid up zeolite mineral between the
Registrant and Equitable Assets Incorporated.
6. Assignment dated July 3, 2000 with respect to 58,285.71 tons of
paid up zeolite mineral between the Registrant and Equitable
Assets Incorporated.
7. Registration Rights Agreement dated July 3, 2000 between the
Registrant and Equitable Assets Incorporated with respect to
1,000,000 shares of the common stock of the Registrant, par
value $0.001 per share.
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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.
CENTRE CAPITAL CORPORATION
Date: July 12, 2000 By /s/ Karl F. Jacobs
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Karl F. Jacobs, Chairman
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