SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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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) January 10, 2000
FIRST ECOM.COM, INC.
(Exact Name of Registrant as Specified in Charter)
Nevada 0-27753 98-0206979
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
902 Henley Building 5, Queen's Road Central, Hong Kong SAR
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (852) 2801-5181
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(Former Name or Former Address, if Changes Since Last Report)
<PAGE>
First Ecom.com (OTC BB: FECC - news) today announced that it issued 1,125,000
units in December 1999 in a transaction exempt from registration under
Regulation S.
The units were sold at $6.50 each, for gross proceeds of $8,125,000 (US) and net
proceeds of $7,500,000 (US) to the company after expenses of the offering. Each
unit consists of one common share and a warrant to purchase one-third of a
common share.
This offering was in addition to a $6,500,000 (US) financing (which also was
exempt from registration under Regulation S) that the company announced on Dec.
6, 1999.
The securities described above have not been registered under the Securities Act
of 1933, as amended, and may not be offered or sold in the United States absent
registration or applicable exemption from registration requirements.
About First Ecom.com
As a global provider of electronic payment processing, First Ecom.com (NASD: BB
FECC) provides secure, easy to implement and low-cost online payment processing
services to merchants and banks worldwide. Through strategic partnerships with
banks, ISPs, e-commerce system integrators and storefront solution providers,
First Ecom will process credit card transactions made over the Internet in
multiple currencies, either domestically or offshore in a tax-neutral
jurisdiction.
For more information, visit http://www.firstecom.com or contact First Ecom.com
at 852/2801-5181 or by e-mail at [email protected].
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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.
FIRST EOM.COM, INC.
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(Registrant)
Date January 10, 2000 By /S/ Ermanno Pascutto
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(Signature)
Ermanno Pascutto, Director
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