UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 27, 1999
SABER CAPITAL, INC.
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(Exact name of registrant as specified in its charter)
NEVADA 33-55254-08 87-0434286
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification Number)
350 FIFTH AVENUE, SUITE 1222, NEW YORK, NEW YORK 10118
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (212) 563-7040
3099 SO. HIGHLAND DRIVE, SUITE 460, SALT LAKE CITY, UTAH 84106
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(Former name or former address, if changed since last report)
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Item 2. Acquisition or Disposition of Assets
On July 27, 1999, Saber Capital, Inc. (the "Company"), pursuant to an
agreement dated July 27, 1999, and in consideration of the issuance of 2,095,000
authorized and unissued shares of Common Stock, acquired 100% of the issued and
outstanding capital stock of silverzipper.com, Inc. ("silverzipper"), a Delaware
corporation. Immediately prior thereof, certain holders of Common Stock of the
Company transferred an aggregate of 270,800 shares of Common Stock to the
Company for cancellation reducing the outstanding Common Stock from 1,000,000
shares to 729,000 shares. After the completion of the exchange, the shareholders
of silverzipper became the holders of approximately 74% of the 2,824,200 issued
and outstanding shares of Common Stock of the Company.
Simultaneously, Krista Nielson and Sasha Belliston, the directors of the
Company resigned and Paul E. Palmeri, Frank Lipiro and Richard Bernstein were
elected to the Board of Directors of the Company, resulting in an effective
control of the Company passing to the new Board of Directors. No material
relationship existed or exists now, between any former director, officer or
affiliate of either the Company or of silverzipper.
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.
SABER CAPITAL, INC.
By:/s/ Paul E. Palmeri
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Paul E. Palmeri, CEO
Date: August 9, 1999
