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: October 27, 1997
NELX, Inc.
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(Exact name of registrant as specified in its charter)
Kansas 0-21210 84-0922335
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
Rt #1, Box 4J, Bridgeport, West Virginia 26330
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(New address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 304-622-9599
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10200 W. 44th Ave., #400, Wheat Ridge, CO 80033
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(Former name or former address, if changed since last report.)
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Item 1. Changes in Control of Registrant
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On October 9, 1997, the Board of Directors accepted an offer from Charles
Stout to acquire 20 million shares of common stock of NELX, Inc., in
consideration for his agreement to contribute $20,000 in immediate cash and to
contribute such additional funding up to $250,000 to settle accounts payable and
commitments. Subsequently, on October 17, 1997, the initial cash contribution of
$20,000 was made.
When issued, the 20 million shares will represent 46% of the outstanding
stock of NELX, Inc. as of October 22, 1997.
Item 2. Acquisition or Disposition of Assets
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None
Item 3. Bankruptcy or Receivership
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None.
Item 4. Changes in Registrants Certifying Accountant
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None.
Item 5. Other Events
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The letter of intent with the Shareholders of Foster Coal Company, St.
Louis, Missouri and NELX, Inc. expired on September 29, 1997. By letter dated
October 2, 1997, NELX notified foster Coal that it would not continue the Letter
since negotiations over the terms of the definitive agreement had broken down.
Charles Stout was appointed President on October 9, 1997.
Wesley F. Whiting resigned as president and a director on October 9, 1997.
Harry Bullock was appointed Vice President on October 9, 1997.
Item 6. Appointment of New Directors
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Charles Stout was appointed a director of the corporation on October 9,
1997. Ken Curry was appointed to the Board of Directors on October 9, 1997.
Item 7. Financial Statements Pro Forma Financial & Exhibits
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Financials - None at this time.
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Exhibits
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 thereunto duly authorized.
Date: October 27, 1997 NELX, Inc.
By: /s/ Harry Bullock
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Harry Bullock, Vice President
