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 14, 1998
NETAMERICA INTERNATIONAL CORPORATION
NAME CHANGE AS OF OCTOBER 6, 1998
VENTURE WORLD, LTD.
(Former name)
DELAWARE 33-19139-NY 11-2936371
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
4505 S. WASATCH BLVD., #330, SALT LAKE CITY, UT 84124
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (801) 274-8600
VENTURE WORLD, LTD.
616 First Avenue, Suite #400, Seattle, Washington 98104 (206) 341-9090
(Former name or former address, if changed since last report.)
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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 ACCOUNTANTS
None.
Item 5. OTHER EVENTS
1) The shareholders approved the change of name of the corporation to
NetAmerica International Corporation on October 6, 1998.
2) On August 7, 1998, the Board of Directors appointed the following
to serve as an Officer of the Company:
Douglas D. Cole President and Director
DOUGLAS D. COLE has worked in the information technology industry, with
focus on sales and marketing for the past twenty years. He has successfully
competed numerous acquisitions and strategic partnerships with various
companies. He is a current member of the Board of Directors of VRI, a
privately-held Boulder, Colorado company engaged in the business of Internet
multi-player gamers, and RedFish Telemetrix, a privately-held Irvine, California
company engaged in the business of long distance optimization hardware. He has
served as the President and CEO of PolerCap, Inc., a privately-held California,
company since inception. From 1995 to 1996 Mr. Cole served as President and CEO
of Starpress, Inc. from 1995 to 1996, after it was acquired by Great Bear
Technology Company, a publicly-held California company. He served as President
and CEO of Great Bear from 1992 through 1995. From 1985 through 1991 he served
as President, CEO and Executive Vice President of Insight Development
Corporation, a company engaged in the business of network printing utilities for
Hewlett Packard. From 1977 through 1985 he served as Vice President of Sales and
Marketing of The David Jamison Carlyle Corporation. Mr. Cole graduated from the
University of California, Berkley, in 1978 with a Bachelor of Arts degree in
Social Science.
3) On September 21, 1998, Douglas D. Cole resigned as President.
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4) On September 21, 1998, Board of Directors appointed the following
to serve as Officers of the Company:
Gregory Martin President, CEO and Director
Douglas D. Cole Co-Chairman and Director
William Fritts Co-Chairman, Secretary/Treasurer and Director
GREGORY MARTIN has served as President and CEO of NetAmerica, Inc.
since April, 1998. In May 1996 he founded Strategic Resources Group, Inc., a
privately-held high technology and management consulting firm in Seattle,
Washington, specializing in developing operational turnaround strategies. He
served as President of SRG until joining NetAmerica. Also during that period,
Mr. Martin served as President of Telvar Northwest, Inc., a regional Internet
access provider in the Pacific Northwest and President of its holding company
Jungle Street, Inc., a publicly-held corporation (NASDAQ" "JUNS" and "JNGS").
During this period Mr. Martin and SRG staff were instrumental in restructuring
Televar and rehabilitating its operations. From 1993 to 1996, Mr. Martin was
involved in the telecommunications industry at MIDCOM Communications, Inc. where
he was Senior Vice President of Information Systems. During this period, Mr.
Martin worked as the chief technology officer and assisted MIDCOM in preparing
and completing their Initial Public Offering. From 1985 to 1993, Mr. Martin
worked in executive management as a sales manager and systems development
manager at the following firms: Vice President of Systems Integration for Nova
Information Systems (1991-1993); Western Region Manager for Revelation
Technologies, Inc. (1990-1991); Vice President of Systems Integration for
Financial Systems Products Corporation (1985-1990). Mr. Martin attended the
University of Detroit where he studied Electrical Engineering.
DOUGLAS D. COLE has worked in the information technology industry, with
focus on sales and marketing for the past twenty years. He has successfully
competed numerous acquisitions and strategic partnerships with various
companies. He is a current member of the Board of Directors of VRI, a
privately-held Boulder, Colorado company engaged in the business of Internet
multi-player gamers, and RedFish Telemetrix, a privately-held Irvine, California
company engaged in the business of long distance optimization hardware. He has
served as the President and CEO of PolerCap, Inc., a privately-held California,
company since inception. From 1995 to 1996 Mr. Cole served as President and CEO
of Starpress, Inc. from 1995 to 1996, after it was acquired by Great Bear
Technology Company, a publicly-held California company. He served as President
and CEO of Great Bear from 1992 through 1995. From 1985 through 1991 he served
as President, CEO and Executive Vice President of Insight Development
Corporation, a company engaged in the business of network printing utilities for
Hewlett Packard. From 1977 through 1985 he served as Vice President of Sales and
Marketing of The David Jamison Carlyle Corporation. Mr. Cole graduated from the
University of California, Berkley, in 1978 with a Bachelor of Arts degree in
Social Science.
<PAGE>
WILLIAM FRITTS founded NetAmerica, Inc. in May of 1997 and has served as
its Chairman since that time. From 1995 to present he has served as President of
Dieter, Inc., a Kirkland, Washington company which manufactures and sells of
Point of Sales (POS) systems. From 1992 to 1995 he was President of Pint of
Sales Systems, Inc., a Denver, Colorado company engaged in manufacturing and
sales of POS systems. From 1987 to 1992 Mr. Fritts worked as National Sales
Manager - POS Systems, for Citizen Business Machines, Inc. in Santa Monica, CA.
Previous to 1987 he had founded and served as President of Standford Information
Systems, Inc. in Palo Alto, CA (1984-1987) and White Computer, Inc. in Redwood
City, California (1978-1982). Mr. Fritts graduated in 1966 from the University
of Cincinnati, Cincinnati, Ohio, with a degree in Electrical Engineering.
5) The appointment of Mr. Douglas D. Cole as director was effective as
of August 7, 1998. The appointment of Messrs. Gregory Martin and William Fritts
as directors was effective as of September 21, 1998.
Item 6. RESIGNATION OF DIRECTORS
Directors Michael Labertew and Lisa Valario resigned as of September
21, 1998.
Item 7. FINANCIAL STATEMENTS PRO FORMA FINANCIAL & EXHIBITS
None.
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: October 14, 1998 NETAMERICA INTERNATIONAL CORPORATION
By:/s/Gregory Martin
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Gregory Martin, President
