U.S. 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 (Date of earliest event reported): January 23, 1997
DALLAS GOLD AND SILVER EXCHANGE, INC.
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(Exact name of registrant as specified in its charter)
NEVADA
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(State or other jurisdiction of incorporation)
1-11048 88-0097334
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(Commission file number) (IRS employer identification number)
2817 Forest Lane, Dallas, Texas 75234
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(Address of principal executive office)
Registrant's telephone number, including area code: (972)484-3662
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Item 2. Acquisition or Disposition of Assets:
In January 1997, Dallas Gold And Silver Exchange, Inc. (the "Company")
formed a new wholly-owned subsidiary, Eye Media, Inc. On January 28, 1997, Eye
Media, Inc. acquired certain assets owned by National Media Mail, Inc. for cash
in the amount of $ 20,000.00 and hired nine former employees of National Media
Mail, Inc. The assets purchased include rights, title and interest in a certain
patent pending and a certain registered service mark for ("The Gathering"), one
of the largest College Web Sites on the Internet located at WWW.TAKEME.COM. The
purchase also included certain computer and office equipment and furniture and
fixtures. Eye Media, Inc. is a Internet/Intranet Web Site development company in
addition to owning and operating The Gathering. Both Eye Media, Inc. and
National Media Mail, Inc. are located in Newport Beach, California.
In addition, on January 23, 1997 the Company purchased 197,963 shares of
its outstanding common stock. The consideration paid for these shares was cash
in the amount of $ 148,472.25. These shares were purchased from CardioDynamics
International Corporation located in San Diego, California. After this
transaction, the Company has 4,419,732 shares of common stock outstanding.
SIGNATURE
In accordance with section 13 and 15(d) of the Exchange Act, the Registrant
caused this report to be signed on its behalf by the undersigned thereunto duly
authorized.
Dallas Gold And Silver Exchange, Inc.
Dated: February 4, 1997 /s/ Dr. L.S. Smith
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Dr. L.S. Smith
Chairman of the Board
