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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: October 4, 2000
TECHNICAL VENTURES INC.
[Name of Registrant]
New York 33-2775-A 13-3296819
[State of Incorporation] [Commission File] [IRS Ident. No.]
3411 McNicoll Ave., Unit 11, Scarborough, Ontario, Canada M1V 2V6
[Address of Principal Executive Offices]
Registrant Telephone No. 416/299-9280
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ITEM 5. OTHER IMPORTANT EVENTS
(a) On September 19, 2000 the Registrant reached agreement, in principal,
to acquire control of Multi-Web Lamination Inc. a Canadian corporation
located in Woodbridge, Ontario, Canada; In consideration of certain
commitments, to take place over the next 30 - 60 days, one of which
being a Definitive Agreement to be concluded by no later than
November 1, 2000.
Multi-Web Lamination will survive as a corportion, as a wholly owned
subsidiary of the Registrant.
Multi-Web, currently with annual sales of $1 Million CND and is
forecasting sales of $2 Million CND during the current financial year,
has a patented process using rotary compression molding on a
continuous base. One product of their manufacturing is cushionaire;
a non-skid cushion that will not slide on any floor surface,
eliminating having to be tacked or glued. It's primary application is
for cushioning under area rugs, other carpeting and fatigue mats to
provide the ultimate comfort and body support. It is inert to chemical
cleaning, dirt will not penetrate the surface and it is easily
vacuumed. Multi-Web also sells matting to the gymnastics industry and
manufactures foam for athletic protective gear, as well it is able to
produce packaging material, insulation products and specialty laminates
for the automotive industry.
Additionally, the Registrants majority owned subsidiary Mortile
Industries can market it's products and services to Multi-Web
allowing Multi-Web to enhance it's product, expand it's markets
and improve it's production methods. Concurrently it will also
expand Mortile's sales.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION
AND EXHIBITS
(a) Not applicable
(b) Not applicable
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SIGNATURE
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.
TECHNICAL VENTURES INC.
(Registrant)
By:/s/Larry R. Leverton
_________________________
Larry R. Leverton
Chief Financial Officer
Dated: October 4, 2000
