UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES ACT OF 1934
Date of Report (Date of earliest event reported): January 13, 2000
ANNEX BUSINESS RESOURCES, INC.
(Exact name of registrant as specified in its charter)
Nevada
(State of Incorporation)
000-27397
(Commission File Number)
98-0204280
(I.R.S. Employer Identification Number)
Suite 106
1460 Pandosy Street
Kelowna, British Columbia
V1Y 1P3
(Address of principal executive offices, including zip code)
(250)868-8177
(Registrant's telephone Number, including area code)
INFORMATION TO BE INCLUDED IN THE REPORT
Item 2. Acquisition or Disposition of Assets.
Pursuant to a share exchange agreement dated December 15, 1999 among Gurus
International Corp., the Registrant, Christopher Bunka and Sudhir Khanna, the
Registrant has issued 3,500,000 common shares at a deemed value of $0.001 per
share to Christopher Bunka (as to 2,975,000 shares) and Sudhir Khanna (as to
525,000 shares) in consideration for all of the issued and outstanding common
shares of Gurus International Corp. ("GIC").
Christopher Bunka and Sudhir Khanna were appointed directors of the Registrant
on November 20, 1999. Both Mr. Bunka and Mr. Khanna abstained from voting on the
motion by the Registrant's Board of Directors to acquire GIC. The acquisition of
GIC was approved by the disinterested directors of the Registrant, Mr. Dev
Randhawa and Mr. Ron Schlitt after reviewing the business plan for GIC and
considering the experience of Mr. Bunka and Mr. Khanna in the investment
newsletter industry.
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GIC is a Nevada incorporated private company which owns the universal resource
locator "NEWSGURUS.COM". Through NEWSGURUS.COM it is the Registrant's intention
to become a leading source of information and opinion in the fields of financial
markets, health and wellness, executive lifestyle and travel and computer
technology and software. The NEWSGURUS.COM multimedia "newspaper" on the world
wide web will feature continuously updated content from many of the world's best
known writers, authors and analysts. NEWSGURUS.COM will accept previously
published material as an archival service provided to its subscribers however
management believes it is the new and exclusive material that is not available
within the print media that will attract readers to NEWSGURUS.COM. It is the
Registrant's intention to initially provide content focused on investing and
finance and related topics. The financial market segment is the fifth largest
market on the internet. Writers providing content in this field will be
successful investment newsletter editors and business journalists from well know
business and financial newspapers. Authors of best selling books will also be
invited to contribute regular articles. Staff journalists employed by
NEWSGURUS.COM will provide members with financial market update information
every 30 or 60 minutes during regular business hours.
GIC has yet to commence business and accordingly no financial statements have
been prepared for GIC for inclusion with this Form 8K. Even though GIC is a
start up company, management of the Registrant deems the acquisition of GIC to
be material given that previous registrations under the Securities and Exchange
of 1934 describe the Registrant as a blank cheque company. Management of the
Registrant has now identified a business plan which will be pursued by the
Registrant. Future financial information filed by the Registrant will
incorporate the business activity of GIC.
Item 5 - Other Events
On November 20, 1999, the Registrant's Board of Directors appointed Mr.
Christopher Bunka and Mr. Sudhir Khanna directors of the Registrant. Messrs.
Bunka and Khanna have been elected to the Registrant's board of directors until
the next meeting of the Registrant's shareholders at which directors are
elected. The following are biographical details for Messrs Bunka and Khanna:
CHRISTOPHER BUNKA
Chris Bunka is editor of the Outsider's Overture group of publications that
specializes in identifying economic trends that might benefit specific
investment sectors.
In 1998, Outsider's Overture was rated the #1 newsletter in its class, from over
170 newsletters judged. Mr. Bunka has been quoted in many international
publications in the USA and Canada.
Mr. Bunka has also written and published "The Outsider's Guide to Speculative
Stocks", a "how to" book designed to aid investors in building a logical
approach to discovering temporarily undervalued stocks.
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Mr. Bunka brings entrepreneurial spirit to the business worlds and has founded
and managed successful small businesses in the USA and Canada. He interrupted
his MBA studies to pursue business interests.
Since 1998, Chris Bunka has presented weekly radio commentary and has also
appeared on local and national television. He has developed an intense,
seven-hour workshop on strategic investing, focusing on the inter-relationships
between global economics, investor sentiment, and the equity markets.
Through the analysis of scores of technology companies and meetings and
discussions with their executive teams, Mr. Bunka understands the broad
implications of new media. He believes that start-up companies can become
empowered to a degree never possible before the creation of the Internet.
SUDHIR KHANNA
Sudhir Khanna is a Professional Engineer having graduated with First Class
Honours in Systems Design Engineering in 1989 from the University of Waterloo.
He also has a minor in Statistics and Management Sciences.
Mr. Khanna has worked in various industries as a project manager and as a
programmer. These include periods of employment with Procter & Gamble,
Scarborough Board of Education, the Province of Ontario and award-winning work
for IBM. In January, 1997, Mr. Khanna launched The Resource Indicator, a
successful investment publication covering the resource sector whose circulation
has increased rapidly in recent years. Mr. Khanna is both the Editor and the
publisher of the newsletter and has been successful in increasing the letter's
exposure by creating mutually beneficial partnerships with content providers. He
has also been invited to speak at resource related conferences and quoted in
resource related journals. Mr. Khanna is overseeing the development of the
NewsGurus web-site.
Item 7. Financial Statements and Exhibits
(a) Financial Statements of Business Acquired.
Not Applicable
(b) Pro Forma Financial Information
Not Applicable
(c) Exhibits
Not Applicable
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned.
ANNEX BUSINESS RESOURCES, INC.
Per: /s/ Chris Bunka
----------------------------
Chris Bunka, President
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