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SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of
1934 (Amendment No.)
Filed by the Registrant [X]
Filed by a Party other than the Registrant [_]
Check the appropriate box:
[_] Preliminary Proxy Statement [_] Confidential, for Use of
the Commission Only (as
[X] Definitive Proxy Statement Permitted by Rule 14a-6
(e)(2))
[_] Definitive Additional Materials
[_] Soliciting Material Pursuant to (S)240.14a-11 (c) or (S)240.14a-12
I. G. E. INC.
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Name of Registrant as Specified In Its Charter)
I. G. E. INC.
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(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
[X] No fee required.
[_] Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.
(1) Title of each class of securities to which transaction applies:
(2) Aggregate number of securities to which transaction applies:
(3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the
filing fee is calculated and state how it was determined):
(4) Proposed maximum aggregate value of transaction:
(5) Total fee paid:
[_] Fee paid previously with preliminary materials.
[_] Check box if any part of the fee is offset as provided by Exchange Act Rule
0-1 1(a)(2) and identify the filing for which the offsetting fee was paid
previously. Identify the previous filing by registration statement number,
or the Form or Schedule and the date of its filing.
(1) Amount Previously Paid:
(2) Form, Schedule or Registration Statement No.:
(3) Filing Party:
(4) Date Filed:
Notes:
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IGE
I. G. E., Inc.
P.O. Box 222
Hillsboro, Texas 76645
254.582.2669
Fax 254.582.0968
[email protected]
Bob Royal
CEO
January 12, 2000
To I.G.E., INC., Stockholders:
Pursuant to the Special Stockholders Meeting. The Management of I.G.E., INC.,
(IGE) has successfully negotiated with the oldest and largest Viatical
Settlement Company in the world, Life Partners, Inc. (LPI), a Texas Corporation,
to enter into an agreement, whereby IGE will acquire all assets, trademarks,
licenses, data bases, intellectual property, operations and name ("Life
Partners") and all other operating assets.
The Board of Directors and your President believe that this acquisition has
excellent potential to maximize shareholder wealth. LPI's cash flow is derived
from fees generated from its clients for whom LPI purchases all or part of
discounted life insurance policies (Viatical Settlements) from terminally ill
people through LPI. Management is very excited about the opportunity presented
by this proposed acquisition. Our goal is to acquire this profitable operations
and name. Its historical and future earnings are capable of substantially
increasing the value of the Company's stock quote.
As was recommended, IGE's Common Stock was reversed 1 share for 20 shares, so
that IGE is now in position to issue 95% (9,500,000 shares) of the Company's
Common Stock to LPI in consideration for the acquisition.
The current Company's Management will resign their positions as Officers and
Directors of IGE. New Officers and Directors will be elected by the Stockholders
and IGE's name will be changed to Life Partners, Inc., at the Special
Stockholders Meeting to be held the 19/th/ day of January 2000.
Current Management believes that the operations and management of LPI will turn
all IGE's Stockholders Stock from nothing to something.
Your Management recommends all Stockholders support this transactions.
Yours truly,
/s/ BOB ROYAL
Bob Royal, President
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[LOGO OF IGE]
I.G.E., INC.
P.O. Box 222
Hillsboro, Texas 76645
NOTICE OF SPECIAL MEETING OF STOCKHOLDERS
TO BE HELD JANUARY 19, 2000
Notice is hereby given that the Special Meeting of Stockholders of
I.G.E., INC., (hereinafter referred to as the "Company") will be held
at the Offices of Life Partners, Inc., 6614 Sanger Ave., Waco, Texas.
76710, at 9:00 a.m. local time for the following purpose:
1. To acquire all assets, trademarks, licenses, data bases,
intellectual property, operations, name ("Life Partners") and all
other operating assets, in exchange for 95% (9,500,000 shares) of
IGE's Common Stock.
2. To elect the following Officers and Directors , Brian D. Pardo,
Director, Chairman of the Board, President and CEO, R. Scott Peden,
Director, Vice President, Secretary and Clerk, Jacquelyn Davis Chief
Financial Officer, Treasurer, Kurt Carr, Vice President and John G.
McCaig Assistant Clerk.
3. To change the name and the state of incorporation from I.G.E.,
Inc., to Life Partners, Inc., and any other state of incorporation.
A proxy Statement is included so you may record your vote. If you are
unable to attend the meeting. Please sign and return the proxy to the
address listed above.
I.G.E., INC.,
P.O. Box 222
Hillsboro, Texas 76645
By order of the Board of Directors Bob Royal, President
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[LOGO OF IGE]
PROXY STATEMENT
OF
I.G.E., INC.
P.O. Box 222
Hillsboro, Texas 76645
SPECIAL MEETING OF STOCKHOLDERS TO BE HELD
January 19, 2000
This Proxy Statement is being furnished to the stockholders of IGE,
INC., a Massachusetts Corporation, (the "Company") in concention with
the solicitation of proxies by the Board of Directors of the Company
for use at the Special Stockholders Meeting to be held at 9:00 A.M.
local time, January 19, 2000, at The Offices of Life Partners, Inc.,
6614 Sanger Avenue, Waco, Texas 76710. This Proxy Statement and the
accompanying form of proxy are being first sent or given to
shareholders on or about January 12, 2000.
REVOCABILITY OF PROXY
The proxies being solicited by the Board of Directors may be revoked
by any shareholder giving the proxy at any time prior to the meeting
by giving notice of such revocation to the Company, in writing, at
the address of the Company provided above. The proxy may also be
revoked by any shareholder giving such proxy by appearing at the
meeting and advising the Chairman of the meeting of his intent to
revoke the proxy.
DISSENTERS! RIGHT OF APPRAISAL
The laws of the State of Massachusetts make no provision for any
dissenters right or rights of appraisal in connection with the
matters to be considered at the Special Stockholders Meeting. The
failure of a shareholder to vote against the proposal will not
constitute a waiver of any rights otherwise afforded to any such
shareholder by the laws of the State of Massachusetts.
EXPENSE OF SOLICITATION
The expenses preparing and mailing of this Proxy Statement and the
accompanying form of Proxy to Stockholders of the Company are being
paid by the Company. Solicitation will be by mail and by personal
solicitation by Directors and Officers of the Company without special
compensation. The Company is also requesting you mail your proxies as
soon as possible.
VOTING SECURITIES AND BENEFICIAL OWNERSHIP
As of the record date for the determination of shareholders entitled
to vote at the meeting, the total number of common shares at $0.01
par value outstanding and entitled to vote was approximately 500,000
shares. The holders of such shares are entitled to vote for each
share held on the record date. There is no cumulative voting on the
election of Directors.
VOTE REQUIRED FOR APPROVAL
A majority of the shares of common stock outstanding at the record
date must be represented at the Special Stockholders Meeting in
person or by proxy in order for a quorum to be present, but without
further notice to shareholders until a quorum is assembled. Each
shareholder will be entitled to cast one vote at the Special
Stockholders Meeting for each share of common stock registered in
such shareholders name at the record date. The affirmative vote of
the holders of at least a majority of common shares issued and
outstanding is necessary to approve the election of Directors.
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[LOGO OF IGE]
ACQUISITION OF ONE OR MORE COMPANIES
The Board of Directors approved to acquire all the assets,
trademarks, licenses, data bases, intellectual property, operations
and name "Life Partners" and all other operating assets. by issuing
95% (9,500,000 shares) of I.G.E., Inc., Common Stock.
ELECTION OF OFFICERS AND DIRECTORS
The Board of Directors voted to elect Officers and Directors, Brian
D. Pardo, Director, Chairman of the Board, President, CEO, R. Scott
Peden, Vice President, Secretary and Clerk, Jacquelyn Davis, Chief
Financial Officer, Treasurer, Kurt Carr, Vice President and John G.
McCaig, Assistant Clerk.
NAME AND STATE OF INCORPORATION CHANGE
The Board of Directors approved for the Company to change its name
from I.G.E., Inc., to Life Partners, Inc., and to change the state
of incorporation to any other state.
OTHER MATTERS
The Board of Directors knows of no other matters which are likely to
be brought before the meeting. However if any other matters, not now
known or determined, come before the meeting the persons named in
the enclosed form of proxy or their substitutes will vote such proxy
in accordance with their judgement in such matters.
Proxy Statement dated January 12, 2000.
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[LOGO OF IGE]
PROXY
I.G.E., INC.
P.O. Box 222
Hillsboro, Texas 76645
The undersigned hereby appoints, Bob Royal as proxy, with full power to
substitution, and hereby authorizes him to represent and vote as designated
below, all shares of Common Stock of I.G.E., Inc., at the Special Stockholders
Meeting to be held January 19, 2000.
1. To acquire all the assets, trademarks, licenses, data bases, intellectual
property, operations and name "Life Partners" and all other operating assets, in
consideration for the issuance of 95% (9,500,000 Shares) of I.G.E., INC., post-
split stock to LPI..
____For
____Against
____Abstain
2. To ratify the elections of the Officers and Directors elected by the Board
of Directors, as listed in the Proxy Statement.
____For
____Against
____Abstain
3. To change the name and the state of incorporation. I.G.E., Inc., to Life
Partners, Inc., to any other state.
____For
____Against
____Abstain
4. In their discretion, the Proxies are authorities to vote upon such other
business as may properly come before the meeting.
If no direction is made, this proxy will be voted for proposals 1, 2, 3 and 4.
Please sign exactly as name appears on stock certificate.
________________________________________
Signature
________________________________________
Please Print Name Plainly
