UNITED STATES
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) March 13, 1997 February 25, 1997
ULTIMISTICS, INC.
(Exact name of registrant as specified in its charter)
Delaware 033-25763-FW 75-2254390
(State or other jurisdiction (Commission (IRS Employer
of incorporation) file number) Identification No.)
230 Park Ave., Suite 1000
New York, New York 10169
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 309 8707
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Item 1. Changes in Control of Registrant
See the Company's press release dated February 25, 1997, attached as Exhibit 1.
Item 5. Other Events
None.
SIGNATURES
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.
UTIMISTICS, INC.
(Registrant)
Dated: March 13, 1997
By: /s/ Frederic Hassid
Frederic Hassid
President and Chief Executive Officer
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Exhibit 1
Tuesday February 15, 6:03 PM EDT
Fairbanks Announces Acquisition of Controlling Interest in Public
Real Estate Company
PALM BEACH, FLA., Feb. 25 /PRNewswire/ -- Fairbanks Inc., an OTC Bulletin Board
Company, announced today that it has acquired 74% of the issued and outstanding
common stock of Ultimistics Inc. in exchange for 7,706,472 shares of Fairbanks
common stock, par value $.0001. Fairbanks acquire the common stock through
privately negotiated transactions with certain Ultimistics shareholders.
Ultimistics is a publicly traded real estate company engaged in the rental and
sale of real estate located in France. Ultimistics has real estate holdings in
France appraised at approximately U.S. $40 million.
Fairbanks is also engaged in negotiations not yet concluded to acquire, for
stock, an active operating U.S. company to assist with the management and
operations of Ultimistics as well as its current operations.
SOURCE Fairbanks, Inc.
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