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: December 30,1999
CENTENARY INTERNATIONAL CORP.
(Exact name of registrant as specified in its charter)
Nevada 000-23851 86-0874841
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation or organization) Identification
No.)
Reconquista 656, Third Floor, Suite B
Buenos Aires, Argentina 1003
(Address of principal executive offices)
54-11-4312-7075 (Argentina)
(Registrant's telephone number, including area code)
692 Madison Avenue, Third Floor, New York, NY 10021
(Former Address)
<PAGE>
Item 2 and Item 5(a). Acquisition of Disposition of Assets
On December 30, 1999, Centenary International Corp. sold its wholly-owned
subsidiary, Platafreight SA, a Uruguay company, for the amount of US
$1,300,000.00. The purchaser was Centenary Group, a Uruguay company.
Platafreight is a freight forwarding services company. The purchase price was
determined through negotiations between us and the buyer although no appraisal
was done. The purchaser, Centenary Group, is one of our control persons. One
of Centenary Group's control persons, Hector A. Patron-Costas, is one of our
Directors, and our Chief Executive Officer and Chief Financial Officer.
We used the proceeds of this sale to pay off $200,000 in debt to Centenary
Group, $823,226 in debt to Centenary S.A. an Argentina company which is our
wholly-owned subsidiary, and $260,366 to Centenary S.A., a Uruguay company which
is also an affiliate of Mr. Patron-Costas. The balance of $16,408 is carried as
a credit of ours on the books of Centenary S.A., a Uruguay.
Item 5(b). Other Events.
On February 7, 2000, John H. Tonelli resigned his position as our
president, and Jason B. Miller resigned his position as our as vice president
Item 7. Financial Statements and Exhibits
(1) Financial Statements
None.
(2) Exhibits
None.
2
<PAGE>
SIGNATURES
----------
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report on Form 8-K to be signed on its behalf by
the undersigned hereunto duly authorized.
Centenary International Corp.
February 21, 2000 By: /s/ Hector A. Patron Costas
Hector A. Patron Costas
Director, Chairman, Secretary,
and Chief Financial Officer
3
<PAGE>
