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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
(Amended)
Current Report Pursuant
to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
Date of Report: March 1, 2000
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CUSTOMER SPORTS, INC.
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(Exact Name of Registrant as Specified in its Charter)
UTAH
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(State or Other Jurisdiction of Incorporation)
0-5304 87-0282745
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(Commission File Number) (IRS Employer Identification Number)
1023 Reliance Way Del Mar, California 92014
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(Address of Principal Executive Offices) (Zip Code)
(619) 481-2400
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(Registrant's Telephone Number, Including Area Code)
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The Registrant, CUSTOMER SPORTS, INC., hereby files this report, to amend
and clarify statements contained in its filing of November 1, 1999.
The November 1, 1999 report was not filed to fulfill the requirements
contained in Item 2 of the General Instructions, "Acquisition or
Disposition of Assets".
The report was filed to record a material event for the Registrant.
On August 5, 1999, Registrant sold to Citadel Capital Management Corp., of
Los Angeles, California, minority interests in two wholly owned
subsidiaries of the Registrant. Citadel agreed to purchase a 16% interest
in BIGTOPGOLF.com, a subsidiary of Registrant for $240,000 of convertible
debt of the subsidiary. In addition, Citadel agreed to assist with access
to a line of credit of up to $1,000,000 controlled by Citadel for purchases
of distress merchandise and new products. BIGTOPGOLF.com, is membership-
based buyer club that obtains members from tent shows it conducts and from
the Internet.
In addition, Citadel agreed to purchase a 25% interest in Community Golf
Centers, another subsidiary of Registrant for $250,000 of convertible debt
of the subsidiary.
As part of the BIGTOPGOLF.com, transaction, Citadel received 1,200,000
shares of Customer Sport's common stock and options for 800,000 additional
shares at a price of $0.15 for three years from the date of funding.
As part of the Community Golf Centers transaction, Citadel was to receive
1,2000,000 shares of common stock of Customer Sports, and options for
800,000 additional shares at a price of $0.15 for three years from the date
of funding.
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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.
CUSTOMER SPORTS, INC.
(Registrant)
Date March 14, 2000 by: /S/ Edmund J. Irvine, Jr.
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Edmund J. Irvine, Jr.
President
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