LORACA INTERNATIONAL INC
8-K, 2000-04-21
BLANK CHECKS
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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

         Date of Report (Date of Earliest Event Reported) April 17, 2000




                           LORACA INTERNATIONAL, INC.
- --------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)



Nevada                                 005-58227                  87-0555751
- ----------------------------    ------------------------     -------------------
(State or other jurisdiction      (Commission File No.)      (I.R.S. Employer
of incorporation)                                            Identification No.)




                          1601 Fifth Avenue, Suite 2320
                            Seattle, Washington 98101
- --------------------------------------------------------------------------------
              (Address of principal executive offices and zip code)


       Registrant's telephone number, including area code: (206) 332-0400

<PAGE>

ITEM 5. Other Events

     On April 17, 2000,  Loraca  International,  Inc.  ("Loraca") issued a press
release announcing the closing of its acquisition of The Lexus Companies.

ITEM 7. Financial Statements And Exhibits

     (c) Exhibits.

     Exhibits        Description
     --------        -----------
       99.1          Press Release dated April 17, 2000.



                     [REST OF PAGE INTENTIONALLY LEFT BLANK]

                                       2

<PAGE>

                                    SIGNATURE

     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, thereto duly authorized.

                           LORACA INTERNATIONAL, INC.




                           By: /s/ Bernard A. Guy
                               Bernard A. Guy
                               President



     Date: April 20, 2000

                                       3

<PAGE>

                                  EXHIBIT INDEX

     99.1     Press Release dated April 17, 2000.



                                  EXHIBIT 99.1

CLIENT:                                          LORACA INTERNATIONAL, INC.
                                                 CONTACT: Bernard Guy, President
                                                          (206) 332-0400

                                  NEWS RELEASE

    Loraca International Completes Acquisition of Loan Origination, Servicing
                       and Insurance Operations Facility

Company Merges with The Lexus Companies,  Inc., and Its Wholly-owned  Subsidiary
Calumet Securities Corporation

     Seattle, WA, April 17, 2000--Loraca International,  Inc. (OTC/BB: LCAI), an
emerging   business-to-business   e-finance  services  holding  company,   today
announced the completion of the merger with The Lexus  Companies,  Inc., and its
wholly-owned subsidiary,  Calumet Securities Corporation, a mortgage banking and
insurance firm located in Schererville,  Indiana. The purchase price was 377,778
shares of Loraca  International,  Inc. common stock and $2.3 million of floating
rate convertible  subordinated notes. The transaction will be accounted for as a
purchase.

     "We are please to announce the  acquisition of The Lexus  Companies and its
wholly-owned  subsidiary,  Calumet Securities  Corporation," commented Ron Baca,
Chairman and CEO of Loraca International, Inc. "Calumet will be an integral part
of our growing  internet  mortgage  operation  as a platform to fund and service
loans that Loraca and its subsidiaries originate.  Loraca will be better able to
maintain and expand  relationships  with our growing customer base. In addition,
Loraca's technology creates cost savings  opportunities for Calumet which should
enhance the value of their business."

     Calumet  Securities  is among the oldest  continuously  operating  mortgage
companies in the Midwest,  which received its seller/servicer  approval from the
Federal National Mortgage  Association  (FNMA) and the Department of Housing and
Urban  Development  (HUD)  in the  1930's.  Calumet  Securities  originates  and
services conventional and government loans,  primarily in the Midwestern states,
for FNMA, FHLMC, FHA, GNMA, VA and various private investors.

     Loraca International,  Inc. is an emerging  business-to-business  e-finance
services holding company providing web-enabling  technology to firms involved in
the mortgage industry.

     Statements  made in this news  release  that are not  historical  facts are
forward-looking  information.  Actual results may differ  materially  from those
projected in any forward-looking information.  Specifically,  there are a number
of important  factors that could cause actual results to differ  materially from
those anticipated by any forward looking information. Those factors include, but
are not limited to,  changes in technology  and product  acceptance,  regulatory
approval  processes,  ability of Loraca to  successfully  integrate the acquired
businesses, and general economic conditions. Additional information on these and
other factors which could affect the Company's financial results are included in
its Securities and Exchange Commission filings.


NOTE:  Transmitted on BusinessWire at 12:22 p.m. PST, April 17, 2000.




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