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):
November 23, 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 1. CHANGES IN CONTROL OF REGISTRANT.
On November 23,1998, control of Registrant changed by virtue
of the purchase of 90,119,431 shares of the common stock of
Registrant by Arnold Sock, Albert Reda, Cherry Family Trust,
Reda Family Trust, hereinafter the Control Group
("Control Group"), at private sale from Michael Hoggarty,
(who, prior to the following transactions held control of
Registrant) as follows:
Purchaser No. of Percentage of
Shares Outstanding
Shares
Arnold Sock 32,867,259 21%
Reda Family Trust 29,600,000 19%
Cherry Family Trust 26,086,086 17%
Albert Reda 1,566,086 1%
In addition, on November 23, 1998 the following persons, not
in the Control Group, purchased 18,132,791 shares, at private
sale, from Michael Hoggarty (who, prior to the following
transactions held control of Registrant) in the following
amounts:
Purchaser No. of Percentage of
Shares Outstanding
Shares
Michael Cherry 2,000,000 1%
Roxanne Cherry 2,000,000 1%
Iron Horse Trading, Inc. 14,132,791 8%
Control Group members, Michael Cherry and Reda Family Trust are
shareholders of Iron Horse Trading, Inc.
ITEM 5. OTHER EVENTS.
On November 23,1998, Michael Hoggarty resigned from his capacity
as Director of Registrant. In his oral resignation,
Mr. Hoggarty cited no disagreement with the Registrant on any
matter relating to the Registrant's operations, policies or practices.
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
