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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20509
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act
October 26, 1999
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Date of Report
(Date of Earliest Event Reported)
WORLD INTERNETWORKS, INC.
(Exact Name of Registrant as Specified in its Charter)
Nevada 033-05844-NY 87-0575839
(State or other juris- (Commission File No.) (IRS Employer
diction of incorporation) I.D. No.)
418 South Commerce Road Suite #422
Orem, Utah 84058
(Address of Principal Executive Offices)
(801) 434-7517
Registrant's Telephone Number
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Item 1. Changes in Control of Registrant.
None.
Item 2. Acquisition or Disposition of Assets.
None; not applicable.
Item 3. Bankruptcy or Receivership.
On October 26, 1999, the following corporations, which are wholly-
owned subsidiaries of World Internetworks, Inc., a Nevada corporation (the
"Company"), filed petitions in bankruptcy in the U. S. Bankruptcy Court for
the District of Utah, Central Division: (i) World Internet Marketplace, a
Utah corporation; (ii) Global Media Group, a Utah corporation doing business
as Institute for Financial Independence; and Global Wholesale Exchange, a Utah
corporation (collectively, the "Subsidiaries"). The cases were filed under
Chapter 7 of the U. S. Bankruptcy Code, as amended, and were designated as
Case No's 99A-31576; 99A-31577; and 99A-31578, respectively. J. Kevin Bird of
Orem, Utah, was appointed as bankruptcy trustee in all of the cases.
Each of the Subsidiaries is inactive, having ceased business
operations in 1998.
Item 4. Changes in Registrant's Certifying Accountant.
None; not applicable.
Item 5. Other Events.
None; not applicable.
Item 6. Resignations of Registrant's Directors.
None; not applicable.
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits.
Exhibits
None.
Item 8. Change in Fiscal Year.
None; not applicable.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of
1934, the Registrant has duly caused this Report to be signed on its behalf by
the undersigned hereunto duly authorized.
WORLD INTERNETWORKS, INC.
Date: 11/04/99 By: /s/ Steven K. Hansen
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Steven K. Hansen
CEO, President and Chairman
Date: 11/04/99 By: /s/ Phillip M. Ray
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Phillip M. Ray
Secretary/Treasurer and Director
Date: 11/04/99 By: /s/ Randal L. Roberts
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Randal L. Roberts
Director
Date: 11/04/99 By: /s/ Gary S. Winterton
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Gary S. Winterton
Director
