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 (date of earliest event reported)
September 3, 1999
Commission File Number 0-20786
ALBARA CORPORATION
(Exact name of registrant as specified in its charter)
Colorado 84-1076959
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
610 South Frazier
Conroe, Texas, 77301 (409) 539-2992
(Address of principal executive offices) (Issuer's Telephone Number)
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Item 5. OTHER EVENTS.
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ALBARA CORPORATION ANNOUNCES LETTER OF INTENT TO
ACQUIRE LEAPFROG SMART PRODUCTS, INC.
CONROE, TEXAS, SEPTEMBER 7, 1999: Albara Corporation, ("ALBARA"), announced
today that it has entered into a binding letter of intent to acquire Leapfrog
Smart Products, Inc., ("LEAPFROG") a private corporation headquartered in
Orlando, Florida. LEAPFROG is dedicated to designing, developing, licensing and
marketing Smart Card applications and related database management systems and
services. The Smart Card is a wallet-sized plastic card with an embedded,
computer chip carrying a myriad of accessible data that is retrievable on demand
and capable of fully integrating a variety of everyday functions with strict
security features.
It is anticipated that this transaction will be structured as a reverse
acquisition whereby the existing shareholders of LEAPFROG will obtain control of
ALBARA. Upon the successful negotiation of all terms and conditions and the
execution of definitive documents, ALBARA intends to call a shareholder's
meeting for the purpose of approving the transaction, effecting a 10 for 1
reverse split of the Company's common stock, changing the name of ALBARA and
electing a new Board of Directors.
The common stock of ALBARA CORPORATION is traded in the over-the-counter market
and is listed on the Bulletin Board published by the National Quotation Bureau.
Albara is a development stage company with no ongoing operations. Statements in
this release which are not historical fact are forward looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995 and involve
risks and uncertainties.
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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, thereunto duly authorized.
ALBARA CORPORATION
By: /s/ REAL PROVENCHER
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Real Provencher
President
DATE: September 7, 1999
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