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INID CORP.
2480 West Ruthrauff Road,
Suite 140 N
Tucson, Arizona 85705
Information Statement
Pursuant to Section 14(f)
of the Securities Exchange Act of 1934
and Rule 14f-1 thereunder
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INTRODUCTION
This Information Statement is being mailed on or before October 4, 2000, to
holders of record of shares of Common Stock ("Common Stock") of Blackjack
Financial, Inc., a Wyoming corporation ("Blackjack" or "Company"). This
Information Statement provides information regarding anticipated changes in the
membership of the Board of Directors of the Company and is provided for
information purposes only. No action on your part is sought or required.
Pursuant to a Plan of Merger dated October 3, 2000, the shareholders of
Blackjack acquired all of the issued and outstanding capital stock of
INeedItDone.com, Inc. ("INeedItDone.com") in a reverse merger share exchange for
an aggregate of 445,000 shares of Blackjack's common stock, par value $0.001 per
share (the "Share Exchange"), resulting in a change of control of the Company.
Pursuant to the plan, Blackjack's sole officer and director resigned and was
replaced by new management as set forth below. As a result of the Share
Exchange, 100% of the outstanding capital stock of INeedItDone.com is owned by
Blackjack and INeedItDone.com exists as a wholly owned subsidiary of Blackjack.
Concurrent with the Merger, Blackjack changed its name to INID Corp. and elected
a new board of directors. Prior to the Share Exchange, Blackjack had 1,000,000
shares of common stock issued and outstanding. In connection with the
transaction, share certificates representing Daniel L. Hodges' 800,000 common
shares of Blackjack were returned to treasury and cancelled. Following the Share
Exchange, INID has 645,000 shares of common stock issued and outstanding.
INeedItDone.com, Inc. acquired control of the Company in anticipation of
operating as a Section 12 fully reporting company pursuant to the Securities
Exchange Act of 1934 (the "Exchange Act").
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DESIGNEES OF INeedItDone.com, Inc.
TO THE COMPANY'S BOARD OF DIRECTORS
The following table sets forth certain information with respect to the persons
designated by INeedItDone.com to become the Company's Board of Directors to
serve as directors until their respective successors are elected and qualified.
Under the Plan, Daniel L. Hodges resigned at Closing.
NAME AND ADDRESS AGE NUMBER OF SHARES PERCENT OF COMMON STOCK
BENEFICIALLY OWNED BENEFICIALLY OWNED
David L. Perin 38 100,000 15.5%
David S. Whittaker 44 100,000 15.5%
Arthur G. Cleaver, III 50 100,000 15.5%
Scot C. Stedman 35 100,000 15.5%
OFFICERS
The names, addresses and titles of the persons who, upon the effective date of
the Plan, shall be the officers of the Company, and who shall hold their offices
at the pleasure of the board are as follows:
NAME AND ADDRESS AGE TITLES
David L. Perin 38 President; Chief Executive Officer;
David S. Whittaker 44 Chief Operations Officer
Arthur G. Cleaver, III 50 Secretary & Treasurer
Scot C. Stedman 35 Vice President of Web Technology
BIOGRAPHICAL INFORMATION WITH RESPECT TO PROPOSED
DIRECTORS AND OFFICERS
DAVID L. PERIN. Mr. Perin has served as the President and Chief
Executive Officer of INeedItDone.com since February, 2000. For the last eleven
years (since 1989), Mr. Perin has served in the Arizona Air National Guard 162FW
as a Training Device Manager for 9 F-16 flight simulators assigned to his unit,
and four flight simulators assigned to other units. As a Training Device
Manager, Mr. Perin's duties include: problem solving for complex simulation
issues, testing simulation-related software, creating evaluation service
programs for simulators in the Air Force and designing spreadsheet programs for
performance evaluations, database audit systems and database critique systems.
>From 1988 to 1989, Mr. Perin was employed as a Sensor/LASER Technician at
Raytheon Support Services Company ("Raytheon"). While at Raytheon, Mr. Perin
performed comprehensive scheduled inspections, in-depth troubleshooting,
detailed malfunction analysis, and resolved maintenance problems on a number of
avionics integrated and associated testing equipment. From 1987 to 1988, Mr.
Perin worked for Martin Marietta as a Test Equipment and Engineering Technician.
While with Martin Marietta, Mr. Perin maintained, serviced, troubleshot and
repaired all of the company's production test equipment.
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DAVID S. WHITTAKER. Mr. Whittaker has served as INeedItDone.com, Inc.'s
Vice President of Web Technology since February, 2000. For the last two years
(since 1998), Mr. Whittaker has served in the Arizona Air National Guard 162FW
as a Training Device Manager for F-16 flight simulators. As a Training Device
Manager, Mr. Whittaker's duties include: monitoring and maintaining an
information database for training device status and utilization, serving as the
Group Local Area Network System Administrator, and managing contractor logistics
support contracts for a number of flight simulators. From 1991 to 1998, Mr.
Whittaker served in the Arizona Air National Guard 162FW as an Avionics
Intermediate Shop Technician. As an Avionics Intermediate Shop Technician, Mr.
Whittaker performed comprehensive scheduled inspections, in-depth
troubleshooting, detailed malfunction analysis and resolved maintenance problems
on F-16 avionics line replaceable units and automated and manual test equipment.
>From 1979 to 1991, Mr. Whittaker served in the Arizona Air National Guard as a
Flight Simulator Technician. His duties included the operation and maintenance
of training devices for the A-7 aircraft.
ARTHUR G. CLEAVER, III. Mr. Cleaver has served as the Secretary &
Treasurer of INeedItDone.com, Inc. since February, 2000. For the last five years
(since 1995), Mr. Cleaver has served in the Arizona Air National Guard 162FW as
a program administrator. He is currently the Employee Assistance Program
Coordinator, and his duties include: directing programs to assist personnel in
resolving work-related and personal problems and maintaining working
relationships with community-based agencies providing human services. Prior to
this Mr. Cleaver served as the Executive Officer for the 162nd Support Group,
functioning as Deputy Group Commander and performing executive level
administrative functions for the 162nd Support Group. Also during that time, Mr.
Cleaver served as Chief of Social Actions, where he directed human relations and
substance abuse programs for the installation. From 1994 to 1995, Mr. Cleaver
served as an Enrollment Advisor for the University of Phoenix. As the
University's Enrollment Advisor, Mr. Cleaver recruited and advised students
pursuing their Master of Counseling, Master of Arts in Education, and Bachelor
and Master of Science in Nursing programs. Additionally, Mr. Cleaver planned and
conducted public relations and recruitment programs. From 1988 to 1994, Mr.
Cleaver served as a Sales Representative for Hoechst-Roussel Pharmaceuticals,
Inc. In 1991, Mr. Cleaver was promoted to Advanced Sales Representative.
SCOT C. STEDMAN. Mr. Stedman has served as INeedItDone.com, Inc.'s
Chief Operating Officer since February, 2000. For the last sixteen years (since
1984), Mr. Stedman has served in the Arizona Air National Guard 162FW as a
Contracting Specialist. As a Contracting Specialist, Mr. Stedman is responsible
for the procurement and administration of all Automated Data Processing
Equipment, construction acquisition, and other acquisitions of high technical or
economic value. Mr. Stedman acts as a negotiator for contract arbitration and
resolution.
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SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS
AND MANAGEMENT OF THE COMPANY
This statement sets forth information with respect to the beneficial ownership
of the Company's outstanding Common Stock by (i) each director and executive
officer of the Company, (ii) all directors and executive officers of the Company
as a group, and (iii) each shareholder who was known by the Company to be the
beneficial owner of more than 5% of the Company's outstanding Common Stock.
Except as otherwise indicated, the persons or entities listed below have sole
voting and investment power with respect to all shares of Common Stock
beneficially owned by them.
The information described in this section is more fully set forth above under
the heading "Designee of INeedItDone.com, Inc. to the Company's Board of
Directors.
CHANGE IN CONTROL
Upon Closing under the Plan, Mr. Hodges will remit all his shares of the Company
back to the treasury for cancellation and INeedItDone.com's shareholders will
own 445,000 shares, then representing approximately 69% of the Company's issued
and outstanding Common Stock. As a result, a change in control of the Company
will have occurred.
EXECUTIVE COMPENSATION
At inception of the Company, its Director and Officer, Daniel L. Hodges received
800,000 shares of Common Stock valued at $0.001 per share in consideration of
pre-incorporation services rendered to the Company related to investigating and
developing the Company's proposed business plan and capital structure, and
completion of the incorporation and organization of the Company. No officer or
director has received any other remuneration. The Company has no stock option,
retirement, pension, or profit-sharing programs for the benefit or directors,
officers or other employees, but the Board of Directors may recommend adoption
of one or more such program in the future.
MARKET FOR THE COMPANY'S SECURITIES
There is no public trading market for Blackjack's Common Stock. Blackjack's
Common Stock may be traded in the over-the-counter market in the near future,
however, there can be no assurance that any public trading market will develop
in the future or as to the price at which trading may occur.
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AVAILABLE INFORMATION
INID is required to file annual and periodic reports with the Securities and
Exchange Commission pursuant to the Securities Exchange Act of 1934. Copies of
such reports may be inspected by anyone without charge at the public reference
facilities maintained by the Commission at 450 Fifth Street, N.W., Room 1024,
Washington, D.C. 20549, and copies may be obtained from the Commission at
prescribed rates. In addition, INID will provide without charge, upon request of
any stockholder, a copy of its Quarterly Report on Form 10-QSB for the
quarter/interim period ended June 30, 2000 and which has been filed with the
Commission. Any such requests should be directed in writing to David L. Perin,
President, INID Corp., 2480 West Ruthrauff Road, Suite 140 N. Tucson, Arizona
85705.
No officer, director, promoter, or affiliate of the Company has or proposes to
have any direct or indirect material interest in any asset proposed to be
acquired by the Company through security holdings, contracts, options, or
otherwise.
THIS INFORMATION STATEMENT IS PROVIDED TO YOUR
FOR INFORMATION PURPOSES ONLY. NO ACTION ON YOUR
PART IS SOUGHT OR REQUIRED.
October 4, 2000
