SECURITIES & 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: July 30, 1997
-----------------------------
VIKING RESOURCES INTERNATIONAL, INC.
------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 0-17269 59-3314928
----------------------------------------------------------------------------
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)
5000 S. Himes Avenue, Suite 332, Tampa, FL 33611
------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (813) 882-4020)
--------------
None
--------------------------------------------------------------------
Former name, former address and former fiscal year, if changed since
last report.
Total number of sequentially numbered pages in this filing, including
exhibits thereto: 2
<PAGE>
Item 1.
Viking Signs Agreement to Acquire EPi Systems International,
------------------------------------------------------------
Inc. and Issues Stock
- ---------------------
On Wednesday, July 30, 1997, Viking announced that it has
signed a purchase agreement to acquire EPi Systems International, Inc. (EPi) of
Huntington, New York, effective August 1, 1997. Viking is purchasing EPi Systems
International, Inc., an environmental and recycling company with contracts
signed in Europe to recycle municipal solid waste (MSW) through a $ 90 million
facility to be built on the border of Germany and Poland. The facility plans to
produce "fuel pellets" for sale to the utility companies as alternative power
plant fuel. EPi also is completing negotiations to acquire a major hazardous
waste facility in the US. Terms of the EPi agreement will be finalized in the
next few months and will be a stock purchase utilizing Viking restricted common
stock and preferred stock. EPi, for which an initial issue of 3.0 million shares
of stock has been made, will be a wholly-owned subsidiary of Viking Resources
International.
Additional restricted common stock (250,000 shares) has been
authorized and issued to the shareholders of Juleon, Inc., as part of the
acquisition of Juleon by Viking and an additional 1,000,000 shares of restricted
stock have been issued to Dan O. Erickson, President of Viking, as compensation
for unpaid salary and other amounts due him from Viking. The effect of these
issues of restricted common stock brings the total Viking shares outstanding to
11,339,051.
Item 2. Effect On Viking and its Shareholders:
-------------------------------------
The acquisition of EPi Systems International, Inc. is a major
step in bringing operational and financial strength to Viking and will have a
substantially positive effect upon its operations and its shareholders. The
issuance of the additional shares of restricted stock have the effect of
diluting the current shareholders but will bring substantial assets and future
revenue to Viking which will effect shareholder values in a very positive way.
By: ____________________________________________
Dan O. Erickson, President/CFO/Secretary
2
