SECURITIES AND EXCHANGE COMMISSION
Washington D. C. 20549
FORM 8-K
Current Report Pursuant
to Section 13 or 15(d) of the
Securities and Exchange Act of 1934
Date of Report: February 9, 2000
Equity AU, Inc.
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(Exact Name of Registrant as Specified in its Charter)
DELAWARE
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(State or Other Jurisdiction of Incorporation)
00-17520 75-2276137
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(Commission File Number) (IRS Employer Identification Number)
Suite 304, 1050 Chinoe Rd. Lexington, KY 40502
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(Address of Principal Executive Offices) (Zip Code)
(606) 268-4446
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(Registrant's Phone Number, Including Area Code)
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ITEM 1. CHANGES IN CONTROL OF REGISTRANT
In August 1999 a total of 5,516,667 shares of the common stock of the
Company were acquired by Mr. Frank G. Dickey, Jr. This acquisition
represents 33% of the issued and outstanding shares of the common stock
of the Company. The consideration paid for such shares was the
satisfaction of a loan from Kentrust, Inc. (wholly owned by Frank G.
Dickey, Jr.) to a shareholder to the Company and secured by the common
stock (5,516,667 shares) of such shareholder. The Company then
reorganized and Mr. Dickey became President, Chief Executive Officer,
and a Director of the Company. Mr. James Arch remains as Chairman of
the Board and a Director. Mr. Arch owns or controls 7,148,126 shares of
the common stock of the Company, representing 47.6% of the issued and
outstanding common shares. At that time, the Company also changed its
name from Equity AU, Inc. to Equity Technologies & Resources, Inc. to
reflect the new direction and focus of the Company. The following were
also selected as Directors until such time as their successors are duly
elected: Frank G. Dickey, Jr., James Arch, and Bruce Beckman. The Board
also appointed the following to serve as Officers of the Company: John
Collins, Chief Financial Officer; Laura White, Corporate Secretary; and
David Rippetoe, Vice President of Strategy and Technology.
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
N/A
ITEM 3. BANKRUPTCY OR RECEIVERSHIP
N/A
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANTS
N/A
ITEM 5. OTHER EVENTS
THE COMPANY
Equity Technologies & Resources Inc. (the "Company") is a Delaware
corporation. It is a public corporation trading under the symbol "EQAU"
listed on the OTC BB exchange. It is a development stage company which
was previously engaged in the exploration and mining of certain metals
and minerals. The company ceased mining activity in December, 1996.
The defining characteristics of Equity Technology and Resources, Inc.
("Equity Technology" or "Company")at the present time are its
diversified business holdings and its decentralized management
structure. The Company now serves as a strategic holding company.
The central corporate functions consist of strategy development,
financial allocations, marketing support, strategic controlling,
acquisitions, mergers, spin-offs, filling key management positions and
maintaining constructive dialogue with shareholders and the public.
Although most day to day operating decisions lie solely within the
management of the Partner Companies, Equity Technology management
retains significant control of Capital budgets and marketing expenses.
Their focus is on business aims for leading market positions and
international orientation to ensure a constant and significant increase
in profits on a long-term basis. To enhance the likelihood of future
success, the Company has established value oriented management at all
operational levels, including all Partner Companies and their business
units.
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BUSINESS
Equity Technology is a group of Partner Companies with a well defined
corporate structure. Its core businesses are in specialized systems
applications, business-to-business e-commerce and interactive voice and
speech recognition enhancements for existing applications and adding
value to products for resale. This provides the company with the
opportunity to assume leading positions in the healthcare industry,
financial and investment community, education, and internet business.
As the company develops, it will acquire technology related companies.
The Company will add to a solid portfolio of profitable companies
yielding a formidable return on investment. Through proven quantitative
and qualitative research methodologies, Equity Technologies will seek
brand new Internet and niche market companies that need additional
financing and market focus. The Company believes that it can build or
identify companies that are positioned to succeed. The operating
strategy of the Company is to integrate the Partner Companies into a
collaborative network that leverages the collective knowledge and
resources of Equity Technology, while obtaining an above average return
on investment.
The Company intends to generate sales through its diversified, yet
strikingly integrated revenue base. Each Partner Company alone has the
opportunity to dominate its market. With Equity Technologies cross-
marketing opportunities, the possibilities are virtually endless. The
goal is to maximize shareholder value through the pursuit of strategies
that have the greatest probability of above-average returns. The
Company will seek at least a 30% return on all invested capital through
it's wholly owned subsidiaries or any venture funding.
MANAGEMENT
Frank G. Dickey, Jr. is the President of Equity Technologies &
Resources. In his tenure in this position he has re-structured and
re-focused the direction of the Company. Drawing on his legal
background and experience, Mr. Dickey has organized a strategic
management holding company, with a well balanced, diversified business
portfolio. Although Mr. Dickey has been a trial lawyer, corporate
attorney, and practiced extensively in the areas of real estate,
corporate finance, securities, and business law, he has considerable
experience in business management and administration.
John F. Collins is the Chief Financial Officer at Equity Technologies &
Resources. He is a graduate of the University of Miami of Ohio. His
background is in education, real estate development and construction,
property management, and business operations. Mr. Collins is well
versed in the industrial development bond arena as well as corporate
finance. He also has considerable experience in governmental relations
both with federal, state, and local agencies.
Laura G. White is the Corporate Secretary of Equity Technologies, and
also is responsible for investor relations. She has past experience in
bank marketing, membership education and spokesperson training for the
Kentucky Association of Realtors, and was Executive Director of Public
Affairs for the Kentucky Transportation Cabinet, in which she gained
extensive experience in media relations. She is a graduate of the
University of Kentucky with a B.S. Home Economics and the Kentucky
School of Banking. Ms. White brings extensive experience with the media
and the general public.
David Rippetoe is Vice-President of Strategic Planning and Technology
for Equity Technologies. He has worked in Business Development on an
international level for Profoam International, a plastics machinery
company, and most recently in Sales with Inacom (ICO) a leading
information technology integrator. With both firms he has gained
considerable experience in sales and marketing of capital equipment,
telecommunications, and technology. Mr. Rippetoe graduated from the
University of Kentucky with a B.S. in Education and has a M.B.A. from
Xavier University. He has an excellent working knowledge of current
computer technology as well as experience in investments.
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ITEM 6. RESIGNATION OF REGISTRANT'S DIRECTORS
N/A
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) Financial statements of business required
N/A
(b) Pro forma financial information
N/A
(c) Exhibits
N/A
ITEM 8. CHANGE IN FISCAL YEAR
N/A
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SIGNATURES
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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 hereunto duly authorized.
EQUITY TECHNOLOGIES & RESOURCES, INC.
By: /s/ Frank G. Dickey
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Frank G. Dickey
Title: President
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