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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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) September 13, 1999
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INCO HOMES CORPORATION
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(Exact name of registrant as specified in charter)
Delaware 0-21378 33-0534734
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
1282 West Arrow Highway, Upland, California 91786
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (909) 981-8989
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no change
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(Former Name or Former Address, if Changed Since Last Report.)
Total pages: 3 .
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1.
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Item 5. Other Events
Inco Homes announced that it is closing down operations as its efforts to
raise capital have been unsuccessful. Therefore, projects the Company was
building for others for a fee are being returned to the owners, one project was
sold to its second trust deed lender and another project is being deeded to its
second trust deed lender who intends to build it out with another builder. Land
that the Company owns is being offered for sale.
As of today, the Company's liabilities exceed its assets by a significant
amount and it is unlikely that shareholders will receive anything upon
liquidation or dissolution of the Company.
2.
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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 hereunto duly authorized.
INCO HOMES CORPORATION
Date: September 13, 1999 By: /s/ Ira C. Norris
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Ira C. Norris
President and Chief Executive
Officer
3.
