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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
November 6, 2000
VPN Communications Corporation
(Exact name of registrant as specified in its charter)
Nevada 33-19345-LA 93-0943718
(State or other
jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
3200 Bristol Street, Suite 725, Costa Mesa, CA 92626
(Address of principal executive offices)
Registrant's telephone number, including area code
(714) 271-4364
N/A
(Former name or former address, if changed since last report)
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Item 2. ACQUISITION OR DISPOSITION OF ASSETS.
On November 6, 2000, VPN Communications Corporation (the Company) entered
into an Enforceable Letter of Intent with Paul Stevens, a related party, to sell
to Mr. Stevens 1,500 shares, which constitutes all of the issued shares, of the
Company's wholly owned Subsidiary VPNCOM.net (the Subsidiary).
The Company will receive, in exchange for the Subsidiary, $1 and the assumption,
by Mr. Stevens, of all of the outstanding liabilities of the Subsidiary in the
amount of $1,483,308. As of the date of this transaction the Subsidiary has no
on-going revenue and has produced no profit.
The sale is expected to be completed by December 31, 2000.
Item 7. FINANCIAL STATEMENTS OR EXHIBITS.
a. FINANCIAL STATEMENTS.
a. Financial Statements of Subsidiary sold.
The required financial statements are not currently
available. Pursuant to paragraph (a)(4) of Item 7, the
required statements will be filed as soon as practicable,
but not later than 60 days after the date the required Form
8-K is required to be filed.
b. Pro forma Financial Information
The required pro forma financial information is not
currently available. Pursuant to paragraph (b)(2) of Item 7,
the required pro forma financial information will be filed
as soon as practicable, but not later than 60 days after the
date the required Form 8-K is required to be filed.
b. EXHIBITS.
10.1 ENFORCEABLE LETTER OF INTENT FOR THE FOR THE SALE AND
REPURCHASE OF STOCK
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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 by the undersigned
hereunto duly authorized.
DATE: NOVEMBER 17, 2000 VPN COMMUNICATIONS CORPORATION
/s/ E. G. MARCHI
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E. G. Marchi, Chairman, Chief Executive Officer
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EXHIBITS.
10.1 Enforceable Letter of Intent for the For the Sale and Repurchase of Stock
