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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
May 24, 2000
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Date of Report (Date of Earliest event reported):
Envision Development Corporation
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(Exact name of registrant as specified in its charter)
Florida 001-15311 65-0981457
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State of Commission File IRS Employer
Incorporation Number Identification No.
4 Mount Royal Avenue, Marlboro, Massachusetts 01752
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Address of principal executive offices
(508) 481-8303
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Registrant's telephone number, including area code
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
On May 24, 2000, Envision Development Corporation (the "Envision")
received notice of a complaint filed by Biz2Net Corporation ("Biz2Net") in the
Superior Court, County of Worcester, Commonwealth of Massachusetts, naming
Envision, certain of its officers, directors and others, as defendants.
In its complaint, Biz2Net, among other things, sought injunctive
relief and damages based on its allegations that certain of the defendants hired
former Biz2Net personnel in violation of contracts, misappropriated Biz2Net's
business plan and other proprietary and confidential information and took
corporate opportunities away from Biz2Net.
On May 31, 2000, a hearing was held in the Worcester County
Superior Court, and the Judge denied the Plaintiff's request for injunctive
relief.
Furthermore, Envision believes that the allegations are without
merit and will vigorously defend this action.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of
1934, the Company has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized this 2nd day of June, 2000.
ENVISION DEVELOPMENT CORPORATION
By: /s/ MICHAEL E. AMIDEO
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Michael E. Amideo
Chief Financial Officer
