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
February 17, 2000
Date of Report
(Date of Earliest Event Reported)
PACIFIC WEBWORKS, INC.
(Exact Name of Registrant as Specified in its Charter)
180 South 300 West, Suite 400
Salt lake City, Utah 84101
(Address of principal executive offices)
(801) 578-9020
Registrant's telephone number
NEVADA 000-26731 87-0627910
(State or other (Commission File Number) (I.R.S. Employer
jurisdiction of Identification No.)
incorporation)
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ITEM 2: ACQUISITION OF A BUSINESS
On February 17, 2000, the Company signed a letter of intent to acquire
all the outstanding and issued common stock of IntelliPay, Inc. (a Delaware
corporation) through the issuances of the Company's $.001 par value common
stock. The rate of exchange contemplated in the letter of intent is 2,300,000
shares of the Company's common stock for each share of IntelliPay common stock
outstanding. IntelliPay has approximately 10,395,679 shares of common stock
outstanding.
Pacific WebWorks and IntelliPay have been working closely together for
two years. Last year, the companies entered into a Joint Venture Agreement to
establish MainStreetSquare.com, an online shopping portal.
IntelliPay helps companies in their use of e-commerce web sites. They
specialize in providing online, secure and real-time payment processing
services for businesses of all sizes. IntelliPay systems use industry
standard security components and methods, the same standards used by all major
commerce sites. For more information on IntelliPay, visit www.intellipay.com.
ITEM 7: FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION 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, 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
after the acquisition is consummated.
(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) of Form 8-K, such financial statements
shall be filed by amendment to this Form 8-K after the acquisition is
consummated.
(c) Exhibits.
None
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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.
Pacific WebWorks, Inc.
/s/ Christian Larsen 3/2/00
By: _____________________________ Date: _________________________________
Christian Larsen, President
