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SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-KSB
PURSUANT TO SECTION 13 or 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
March 4, 1999
Commission File Number: 1-13327
Century Industries, Inc.
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(Exact name of Registrant as specified in its charter)
District of Columbia 54-1666769
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(State or other jurisdiction of (I.R.S. Employer
incorporation of organization) Identification No.)
45034 Underwood Lane
Sterling, Va. 20166
(Mail) P.O. Box 319
Sterling, VA 20167
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (703) 471-7606.
Securities registered pursuant to Section 12 (b) of the Act: Common Stock, par
value $.001 per share
Century Industries, Inc. Class A common Philadelphia Stock
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Exchange-PHLX
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Century Industries, Inc. Class B common Philadelphia Stock
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Exchange-PHLX
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Securities registered pursuant to Section 12 (g) of the Act: Common Stock, par
value $.001 per share
Name of each exchange on
Title of each class which registered
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Class A Common Voting Stock NASDAQ Bulletin Board
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 of 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
(1) Yes X No
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(2) Yes X No
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ITEM 5. OTHER EVENTS
Registrant announces that on February 26, 1997, it signed an agreement
dated February 23, 1999, with Interactive Gaming & Communications, Inc. ("IGC"),
of Plymouth Meeting, Pennsylvania. The Agreement which, by its terms, provides
as follows: (a) for the formation of a "joint effort" corporation to be known as
Gamblenet Technologies, Ltd., as a vehicle for raising funds relating to the
development and marketing of IGC's "ToteMaster" and "StockSleuth" internet
technologies; (b) for the licensing of Interactive Gaming & Communication's
"ToteMaster" internet thoroughbred racing software and its "StockSleuth"
internet securities search engine, to Gamblenet Technologies, the "joint effort"
company, and (c) the issuance of six million (6,000,000) shares of Century
Industries Class A common voting stock to Gamblenet as its contribution to
Gamblenet, such Century share issuance thus amounting to fifty percent (50%) of
the issued and outstanding shares of Gamblenet.
The agreement, since it concerns the creation of Gamblenet as a joint
effort company, provides that should Gamblenet not accomplish its funding
purpose, both Century Industries and Interactive Gaming & Communications can
repatriate an equal portion of their contributions made to Gamblenet
Technologies.
Gamblenet Technologies has been formed in the District of Columbia.
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.
Century Industries, Inc.
March 4, 1999 ------------------------------------
Ted L. Schwartzbeck, President,
Chief Executive Officer
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