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
Date of Report (Date of earliest event reported): September 15, 2000
EquityAlert.com, Inc.
(Exact name of registrant as specified in its charter)
Nevada 1-15301 58-2377963
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification Number)
1628 West 1st Ave, Suite 216, Vancouver, British Columbia V6J 1G1
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (604) 659-5009
ITEM 1. Changes in Control of Registrant.
None.
ITEM 2. Acquisition or Disposition of Assets.
On September 15, 2000, EquityAlert.com, Inc. entered into an agreement
pursuantto which it sold 100% of the voting common shares of its wholly owned
subsidiary, Email Solutions, Inc., a Nevada Corporation, to Entheos
Technologies, Inc. for $283,000. Email Solutions, Inc.'s assets consist
primarily of software and computer hardware equipment used in the emailing of
the EquityAlert.com's public company and mutual fund news alerts. Entheos
Technologies will provide emailing services for EquityAlert.com.
Mr. Harmel S. Rayat, a Director and majority shareholder of EquityAlert.com,
Inc. is also a Director and majority shareholder of Entheos Technologies, Inc.
ITEM 3. Bankruptcy or Receivership.
None.
ITEM 4. Changes in Registrant's Certifying Accountant.
None.
ITEM 5. Other Events.
On September 1, 2000, EquityAlert.com, Inc. entered into an agreement to lease
1488 square feet of office space for C$3500 per month, plus monthly operating
expenses of approximately C$400. The lease is for a term of three years, with an
option to renew for a further three years. The property, which is located at
Suite 216, 1628 West 1st Avenue, Vancouver, BC, V6J 1G1, is owned by Kundan S.
Rayat and Tajinder Chohan, the father and wife, respectively, of Harmel S.
Rayat, a Director and majority shareholder of EquityAlert.com.
On August 8 the Honorable Roslyn Silver, U.S. District Judge, District of
Arizona, issued final judgments of permanent injunction against EquityAlert.com,
Inc. and Harmel S. Rayat. The SEC complaint alleged that until May 30, 2000,
there was no indication in EquityAlert.com's e-mails or on its website that
certain advertisers
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had paid for promotional statements contained in its public company and mutual
fund email alerts. The complaint also alleged that from January 1, 2000, through
February 15, 2000, EquityAlert.com disseminated daily press releases which
compiled and referred to the promotional statements, claiming EquityAlert.com
had provided its subscribers with "proprietary coverage" of these "top momentum"
issuers and that, like the EquityAlert.com's website and e-mails, these releases
failed to disclose the compensation EquityAlert.com received from the issuers
whose securities were being described.
Without admitting or denying the SEC's allegations, EquityAlert.com, Inc. and
Harmel S. Rayat,a director of EquityAlert.com, consented to the entry of a
permanent injunction from future violations of Section 17(b) of the Securities
Act of 1933and to the payment, by each, of a civil penalty of $20,000.
ITEM 6. Resignations of Registrant's Director's
None.
ITEM 7. Financial Statements and Exhibits.
None.
ITEM 8. Change in Fiscal Year.
None.
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.
EquityAlert.com, Inc.
/s/ Bill Mann
-------------------
Bill Mann, President/Director
Date: September 15, 2000
