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 14, 2000
INTERNET BUSINESS'S INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
Nevada
(State or jurisdiction of incorporation or organization)
33-43621
(Commission File Number)
33-03007734
(I.R.S. Employer Identification Number)
4634 South Maryland Parkway, Suite 101, Las Vegas, Nevada 89119
(Address of principal executive offices) (Zip Code)
Registrant's telephone number: (702) 433-9416
(Former name or former address, if changed since last report)
ITEM 5. OTHER INFORMATION.
In a Form 8-K filed on November 6, 2000, the Registrant disclosed
that it had entered into a Stock Purchase Agreement ("Agreement")
with Auction-Sales.Com, Inc., a Delaware corporation ("Company")
and its majority shareholder, Zahid Rafiq (collectively,
"Seller"), for the purchase by the Registrant of 96.62% of the
outstanding and treasury shares of common stock of the Company.
Based certain breaches of the representations and warranties in
the Agreement by the Seller, the Registrant, through its counel,
has notified the Seller that since it failed to cure such
breaches the Registrant was rescinding the Agreement.
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.
Dated: January 5, 2001 By: /s/ Albert R. Reda
Albert R. Reda
Chief Executive Officer
