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: April 9, 1998
PURSUIT VENTURE CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 33-38214-D 62-1458678
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(State or Other Jurisdiction of Commission File No. (I.R.S. Employer
Incorporation or Organization) Identification No.)
1621 Altivo Way
Los Angeles, California 90026
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(Address of principal executive offices)
Registrant's telephone number, including area code:
(818) 980-0929
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Registrant's Name or former address, if changed since last Report:
This Report contains three sequentially numbered pages.
Page one of three
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ITEM 1.
Changes in Securities
As of December 31, 1997, the Company had no assets and liabilities of
$20,000. In these circumstances, the Company was neither able to meet its
current obligations nor provide for the operational expenses of its continued
existence. Management was therefore faced with the decision of liquidating the
Company in which case all stockholders would have lost any value their
shareholding in the Company may have had. In order to avoid this eventuality,
the Company's sole Director and Officer, Patrick C. Brooks, undertook to
satisfy the Company's obligations in exchange for 1,500,000 shares of Common
Stock. This transaction took place on April 9, 1998. This transaction was not
conducted at arm's length.
Prior to the aforesaid transaction, Mr. Brooks held 230,000 shares of the
Common Stock, representing 46% of the issued and outstanding stock. After the
transaction, he held 1,730,000 shares of stock representing 87% of the
outstanding stock.
Page two of three
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned hereto
duly authorized.
PURSUIT VENTURE CORPORATION
/s/ Patrick C. Brooks
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Patrick C. Brooks
Director, President and Secretary
Date: April 9, 1998
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