SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities and Exchange Act of 1934
Date of Report (Date of Earliest event reported) November 29, 1999
Intelligent Medical Imaging, Inc.
Delaware 005-49109 65-0136178
(State of Incorporation) (Commission File No.) (IRS Employer ID No.)
3960 RCA Boulevard, Suite 6001, Palm Beach Gardens, Fl 33410
Phone number: (561) 622-3223
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ITEM 3. BANKRUPTCY OR RECEIVERSHIP.
On November 29, 1999 Intelligent Medical Imaging, Inc., (the "Company" filed a
voluntary petition under Chapter 11 of the U.S. Bankruptcy Code in the United
States Bankruptcy Court for the Southern District of Florida. The Company has
been unable to meet current operating requirements and other obligations and
intends to operate in Chapter 11 pending an analysis of its operations and
potential value of its substantial intellectual property holdings and inventory,
including a potential sales of all or a substantial portion of its assets.
ITEM 5. OTHER EVENTS.
On October 8, 1999 actions were commenced by Blue Creek Ventures, LLC and first
York Partners, Inc. in the Circuit Court, State of Florida, alleging default in
payment of certain promissory notes executed in connection with financing of the
Company's business and operations during 1999 in the aggregate amount of
approximately $500,000. The actions have been stayed pending the outcome of the
Company's Chapter 11 petition filing.
ITME 7. FINANCIAL STATMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
None.
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.
Intelligent Medical Imaging, Inc.
By: Tyce Fitzmorris
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Tyce Fitzmorris, President & CEO
Date: December 16, 1999
