U.S. 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):
December 15, 1998
INTERNATIONAL FOOD & BEVERAGE, INC. (1)
(Exact name of registrant as specified in its charter)
Delaware
(State or jurisdiction of incorporation
or organization)
33-43621
(Commission File Number
33-03007734
(I.R.S. Employer Identification Number
30152 Aventura, Rancho Santa Margarita, California (2)
(Address of principal executive offices)
92688 (2)
(Zip Code)
Registrant's telephone number: (714) 858-8800 (2)
Not Applicable
(Former name or former address, if changed since last report)
(1) As of February 17, 1999, the name was change to:
Internet Business's International, Inc.
(2) As of March 1, 1999, the address and telephone number
was changed to: 3900 Birch Street, Suite 111, Newport Beach,
California 92660; (949) 833-0261.
ITEM 5. OTHER EVENTS.
On December 15, 1998, Registrant entered into an agreement
with Iron Horse Holdings, Inc. ("IRON HORSE"). Under the terms
of this agreement, Registrant will sell, and IRON HORSE will buy
up to 25,000 shares of Registrant's preferred stock at the price
of $100.00 per share. Shares purchased under this agreement are
to be issued to IRON HORSE or its designee. Payment for shares
sold under this agreement is to be in the form of a promissory
note bearing interest at the rate of 9% per annum, and the
obligation created thereby is to be secured by a "blanket" or
all inclusive security agreement executed by IRON HORSE and
perfected by filings as specified by law. Until such note is
paid in full, IRON HORSE shall pay the 3% coupon on such shares
as are issued under this agreement directly to the shareholder(s)
of record at the time such payment becomes due.
SIGNATURE
Pursuant to the requirements of Section 13 or 15(d) 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.
INTERNET BUSINESS'S INTERNATIONAL, INC.
(formerly known as International Food & Beverage, Inc.)
Dated: April 28, 1999 By: /s/ Albert R. Reda
Albert R. Reda
Chief Executive Officer
