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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
April 27, 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
Registrant's telephone number, including area code (508) 481-8303
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(Former name or former address, if changed since last report)
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Item 2. Acquisition or Disposition of Assets.
On April 27, 2000, the Board of Directors of Envision Development
Corporation ("Envision") approved the Amended and Restated Stock Purchase
Agreement (the "Agreement"), dated April 10, 2000, with VP IP, Inc. ("VP IP"), a
Delaware corporation. Pursuant to the terms of this Agreement, Envision acquired
the software and URL of VP IP from the owners of VP IP, which were Mr. William
J. Patch, director and Chief Executive Officer of Envision, Mr. Patch's
immediate family and Alex Adamopoulos, an officer of Envision, in exchange for
200,000 shares of Envision's common stock, par value $0.01 per share. VP IP
develops and manages global enterprise network programs, professional services,
logistics, acquisitions, sales, and strategic planning for clients, including
Compaq, Dell, IBM, Kodak, SonicAir/UPS, and dozens of smaller, entrepreneurial
companies.
A copy of the Agreement is included herein as Exhibit 2.1. The
Agreement is incorporated herein by reference into this Item 2 and the foregoing
description of such transaction is qualified in its entirety by reference to
such exhibit.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Financial Statements of Businesses Acquired
In accordance with Item 7(a)(4) of Form 8-K, such financial
statements shall be filed by amendment to this Current Report on Form 8-K no
later than 75 days from April 27, 2000.
(b) Pro Forma Financial Information
In accordance with Item 7(b)(2) of Form 8-K, such pro forma
financial information shall be filed by amendment to this Current Report on Form
8-K no later than 75 days from April 27, 2000.
(c) Exhibits
2.1 Amended and Restated Stock Purchase Agreement, dated April
10, 2000, between Envision Development Corporation and
William J. Patch, III, Elizabeth M. Patch, Lisabeth Patch,
William Patch, IV and Alex Adamopoulos (incorporated by
reference to the exhibit of the same description filed with
the Registrant's Annual Report on Form 10-K dated April 28,
2000).
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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 3rd day of May, 2000.
ENVISION DEVELOPMENT CORPORATION
By: /s/ MICHAEL E. AMIDEO
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Michael E. Amideo
Chief Financial Officer and Secretary
