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 Exchange Act of 1934
Date of Report: June 30, 1999
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3Si Holdings, Inc.
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(Exact Name of Registrant as specified in its charter)
Wyoming 0-9358 83-0245581
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification Number)
6886 S. Yosemite Street
Englewood, CO 80112
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(Address of principal executive offices) (Zip Code)
(303) 741-9123
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(Registrant's telephone number, including area code)
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Item 2. Acquisition or Disposition of Assets
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On June 30, 1999, the Registrant consummated the sale of substantially all of
its assets - excluding cash, accounts receivable, and its subsidiary, (Kewi.net)
- - to P.C. Specialists, Inc., a California corporation.
The effective date of the asset sale is May 7, 1999.
The Registrant was paid $804,000 of the purchase price at closing plus $146,000
for expenses from May 7, 1999 to the date of closing.
In addition to the $804,000 cash received at closing, the Registrant will also
be able to "earn" up to an additional $2,196,000 over a three-year period based
upon the contingencies set forth in the agreement. In no event will the purchase
price of the assets sold exceed $3,000,000.
Item 7. Financial Statements and Exhibits
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Pro forma financial information pursuant to the regulations will be provided as
soon as possible.
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 thereunto duly authorized.
3Si Holdings, Inc.
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(Registrant)
Date: July 26, 1999 By: /s/ Frank W. Backes
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Frank W. Backes
Chief Executive Officer
