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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
October 23, 1997
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Date of Report
(Date of earliest event reported)
ECOS GROUP, INC.
(Exact Name of Registrant as Specified in its Charter)
Colorado 0-16322 84-1061207
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(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation )
1000 Southern Boulevard, Suite 200, West Palm Beach, Florida 33405
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (561) 835-0990
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Item 2 Acquisition or Disposition of Assets
On October 23, 1997 ECOS Group, Inc. Sold American Remedial
Technologies, Inc. a wholly owned subsidiary to settle a Promissory Note that
was in default to the holder and for 100,000 shares of convertible preferred
stock in American Remedial Technologies. The convertible preferred stock is non
voting and does not pay interest. The stock converts to common shares of
American Remedial Stock at a 1:1 ratio if during the period from October 31,
1997 to October 31, 2002 earnings of American Remedial Technologies, Inc exceed
eight million dollars ($8,000,000). The company expects a second quarter charge
to earnings of eight million two hundred thousand dollars.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned, hereunto duly authorized.
ECOS GROUP, INC.
October 30, 1997 By: /s/Enrique A. Tomeu
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Enrique A. Tomeu
President & Chief Executive Officer
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