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: May 31, 1997
CORPORATE VISION, INC.
(Exact name of registrant as specified in its charter)
OKLAHOMA
(State or other jurisdiction of incorporation)
0-18824
(Commission file number)
73-1380820
(IRS Employer Identification Number)
8908 SOUTH YALE AVENUE, SUITE 360 TULSA, OK 74137
(Address of principal executive offices)
(918) 488-0301
(Registrant's telephone number, including area code)
N/A
(Former name, former address and former fiscal year, if changed since last
report)
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PART I
Item 2. Acquisition or Disposition of Assets
On May 31, 1997, the Registrant completed the purchase of 100% of the common
stock of T.L.Phipps & Company, a privately-held Oklahoma corporation, in
exchange for $25,000 in cash and 750,000 shares of restricted common stock of
the Registrant. The transaction was accounted for by the Registrant as a
purchase.
T.L. Phipps & Company, a full-service video and post-production company whose
assists consist primarily of video production equipment and a building, will
continue operate as a wholly-owned subsidiary of the Registrant. All of the
common stock of T.L. Phipps and Company was owned by Terry and Nancy Phipps,
who had no material relationship with the Registrant.
At the time of filing of this Form 8-K, it was impracticable to provide the
required audited financial statements of the acquired business. The
Registrant intends to file such audited financial statements as soon as
practicable, but no later than 60 days after the date of this Report.
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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.
CORPORATE VISION, INC.
(Registrant)
May 31, 1997
(Date)
/s/ RHONDA R. VINCENT
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Rhonda R. Vincent, Secretary/Treasurer
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