SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report: July 17, 2000
INTERNET VENTURE GROUP, INC.
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(Exact name of registrant as specified in its charter)
STRATEGIC VENTURES, INC.
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(former name)
FLORIDA 33-19196-A 59-2919648
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
9601 WEST SAM HOUSTON PARKWAY SOUTH, BLDG. 100, HOUSTON, TEXAS 77049
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(New Address)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE (713) 596-9308
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ITEM 1. CHANGES IN CONTROL OF REGISTRANT
None.
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
None.
ITEM 3. BANKRUPTCY OR RECEIVERSHIP
None.
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
None.
ITEM 5. OTHER EVENTS
Agreement with Swan Magnetics, Inc.
The Company has entered into an Agreement and Plan of Exchange with Swan
Magnetics, Inc., a company owned by Eden Kim, a director and Secretary of
Internet Venture Group, Inc. The Agreement provides the transaction shall
be a tax free share exchange, and that if Swan has only $2,000,000 in cash
at closing the shares issued shall be 12,500,000 shares of Internet Venture
Group, Inc. common stock. If Swan has in excess of $2,000,000 in cash, the
shares shall be adjusted and increased pro-rata up to a maximum of
17,500,000 shares if $6,000,000 in cash is held by Swan at Closing.
The term of the Agreement is for 6 months from June 28, 2000 and the cash
expected by Swan Magnetics, Inc. is to be funded from a settlement of a
lawsuit in which Mitsumi Electric Co. Ltd. agreed to pay a settlement for
disk drive technology.
ITEM 6. RESIGNATION AND APPOINTMENT OF DIRECTORS
None.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIALS, & EXHIBITS
Financial Statements: None.
Pro Forma Financial Statements: None.
Exhibits:
10.1 Agreement and Plan of Exchange with Swan Magnetics, Inc.
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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 thereunto duly authorized.
Date: July 17, 2000 Internet Venture Group, Inc.
By:/s/Elorian Landers
Elorian Landers, President
