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 (Date of earliest event reported):
December 18, 2000
Commission File Number: 0-13628
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TRIDON ENTERPRISES, INC.
(Exact name of registrant as specified in its charter)
Colorado 13-3183646
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(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification number)
11601 Wilshire Blvd., Suite 2040 Los Angeles CA. 90025
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code:
(310) 726-3559
Name and Address for Agent of Service:
Warren Soloski, Esq.
11300 W. Olympic Blvd, Suite 800
Los Angeles, CA 90064
(310) 477-9742
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ITEM 5. OTHER EVENTS.
On June 6, 2000, Tridon Enterprises, Inc. (the "Registrant") entered into
an agreement of reorganization with BzAds.com, Inc., a Delaware corporation. On
December 15, 2000, prior to the effective date of the agreement, management of
BzAds.com, Inc. requested a release from the agreement citing the inability to
obtain adequate financing and set-backs with its technology that would impede
BzAds.com, Inc.'s ability to execute its business plan. On December 18, 2000,
the Board of Directors of Tridon Enterprises, Inc. accepted BzAds.com, Inc.'s
request and executed a release from the agreement of reorganization dated June
6, 2000.
The Registrant's future is uncertain as to the ability to meet the
financial commitments required to maintain current SEC filings and to meet
working capital requirements. The Registrant's auditors have expressed
uncertainty to continue as a going concern. The Registrant, and its
subsidiaries, has suffered substantial losses since inception. In order to
continue as a going concern, the Registrant is dependent upon management's
ability to raise capital from various sources, including loans from
shareholders, advances from officers and the development of an ongoing source of
revenue. Management will continue its efforts to seek an appropriate merger
candidate for the Registrant.
As of the date of this filing, the authorized capitalization of the Company
consists of 100,000,000 shares of Common Stock, with a par value of $.001 per
share and there are 79,794,734 shares issued and outstanding. The Company also
has authorized 20,000,000 shares of Convertible Preferred Stock, with a par
value of $.001 per share, of which 53,300 shares are issued and outstanding as
of this date of this filing.
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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.
TRIDON ENTERPRISES, INC.
DATED: December 18, 2000 By: /s/ Kevin Welch
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KEVIN WELCH
ACTING CHIEF EXECUTIVE OFFICER
