U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
April 17, 2000
Date of Report
(Date of earliest event reported)
WSF CORPORATION
(D.b.a. Wall Street Financial Corporation)
(Exact name of Small Business Issuer as specified in its charter)
Delaware 0-17117 99-0240826
(State of (Commission File No.) (I.R.S. Employer
Incorporation) Identification No.)
745 Fort St, Amfac Ctr, Hawaii Tower, Ste 700, Honolulu, HI 96813
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (808)526-3999
Item 1. Changes in Control of Registrant
Not applicable
Item 2. Acquisition or Disposition of Assets
Not Applicable
Item 3. Bankruptcy or Receivership
Not Applicable
Item 4. Changes in Registrant's Certifying Accountant
Not Applicable
Item 5. Other Events
a) On April 17, 2000, the Company announce the engagement of Jon
A. Wilhelm, 41, MBA, CPA as the Company's new Senior Vice
President and Chief Financial Officer. Mr. Wilhelm has
significant experience in overseeing financial operations for
international companies in both the United States and Europe and
is experienced in financial management, regulatory requirements
and corporate management.
b) On April 24, 2000, the Company announced the engagement of
Robert Keller, 61, as Senior Vice President of Operations. Mr.
Keller has significant experience in a variety of development
projects and will oversee the implementation of the Plantation
Revitalization Plan and the implementation of an ecologically
sound Development Plan. He has worked as chief engineer for a
mechanical contracting firm and overseen quality control and
management of large commercial and government projects.
c) On April 24, 2000, the Company was notified of its
requirements to bring its SEC reporting requirements current to
maintain its NASD OTC Bulletin Board Listing. The
notification was effected by changing the Company's Symbol from
WSFI to WSFIE. The Company was aware of its responsibilities but
was only able during the 1st Quarter of 2000 to devote sufficient
working capital towards the completion of its audited financial
statements, a task which was complicated by the location of its
overseas operations. Due to the current status of the preparation
of these reports, the Company believes that it will be able to
file electronically most, if not all reports due on or before May
20, 2000, and/or any outstanding reports by May 31, 2000. While
Mr. Wilhelm's focus will be to oversee the financial management
of the company as it begins to execute its plans, his expertise
will assure meeting future filing requirements.
Item 6. Appointments and Resignations of Registrant's
Directors
None
Item 7. Financial Statements and Exhibits
Press Release - RE: New CFO for WSF Corporation, Exhibit
"A".
Press Release - RE: New SVP of Operations for WSF
Corporation, Exhibit "B".
SIGNATURES
Pursuant to the requirements of the Securities Act of 1934,
the Registranthas duly caused this report to be signed on its
behalf by the undersigned thereunto duly authorized.
WSF Corporation
By /s/ Gerhart W. Walch
Gerhart W. Walch
President & Chief Executive
Officer
EXHIBIT "A"
HONOLULU - (BUSINESS WIRE) - April 17, 2000 - WSF Corporation
(OTC BB: WSFI /
WSFIE), owners, sole trustee and asset manager of more than
31,000-acres of ocean-front property in Belize, announced today
the appointment of Jon A. Wilhelm as Senior Vice President
and Chief Financial Officer.
Wilhelm has significant experience of overseeing financial
operations for international companies in both the United States
and Europe and is familiar with financial mangement,
regulatory requirements and corporate management. Currently, he
is the CFO/Controller for two hotel projects and time-share
developments in Colorado, valued in excess of $100 million.
A shareholder in WSF, Wilhelm has an MBA in Finance from the
University of Southern California and is a licensed Certified
Public Accountant. Gail Kitaji, Ph.D., remains the Treasurer
of the Company.
WSF assumed an active role in the business and economic
development of Belize by establishing the WSF Trust Corporation
of Belize Limited, sole trustee and asset manager of the
property. Through the Trust Company, WSF will be developing
5,000-acres of its property, to be known as Belizea, just a few
minutes north of the Belize International Airport. When
completed, Belizea Estate will include an 800-acre Science and
Technology Center, an equestrian community with 200 five-acre
residential properties, and a resort with a championship golf
course, a world-class hotel, conference and gaming facilities.
Belize is a rapidly-emerging country at the Caribbean Coast of
the Yucatan Peninsula, one of the fastest growing eco-tourism
destinations in the world.
EXHIBIT "B"
HONOLULU - (BUSINESS WIRE) - April 24, 2000 - WSF Corporation
(OTC BB: WSFI / WSFIE), owners, sole trustee and asset manager of
more than 31,000-acres of ocean-front property in Belize,
announced today the appointment of Robert A. Keller as Senior
Vice President of Operations.
Keller has more than 40 years experience in a variety of
development projects. He has worked as chief engineer for
mechanical contracting firms, overseen quality control and
management of large commercial and government projects, and been
business manager for a number of entrepreneurial companies. Most
recently, Keller was facilites engineer for Hawaiian Electric
Company, one of Hawaii's largest corporations. Keller's
education includes two Bachelor degrees, a Masters degree and
completion of studies towards a Doctorate in Administration at
Arizona State University.
WSF assumed an active role in the business and economic
development of Belize by establishing the WSF Trust Corporation
of Belize Limited, sole trustee and asset manager of the
property. Through the Trust Company, WSF will be developing
5,000-acres of its property, to be known as Belizea, just a few
minutes north of the Belize International Airport. When
completed, Belizea Estate will include an 800-acre Science and
Technology Center, an equestrian community with 200 five-acre
residential properties, and a resort with a championship golf
course, a world-class hotel, conference and gaming facilities.
Belize is a rapidly-emerging as an eco-tourism destination in the
Caribbean, and is the only English speaking country in that part
of the world.
