SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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) July 21, 2000
PL BRANDS, INC.
(Exact name of Registrant as specified in its charter)
Delaware 0-26454 98-0142664
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation or File number) Identification
organization) Number)
260 Bartley Drive
Toronto, Ontario, Canada M4A 1G5
(Address of principal (Zip Code)
executive offices)
Registrant's telephone number, including area code: (416) 750-9656
Item 2. Acquisition or Disposition of Assets.
In May 2000, the Company entered into an agreement to acquire all of
the assets of Oth.net, Inc., a Florida corporation, as well as the Oth.net
domain name, in exchange for 4,500,000 shares of the Company's Common Stock
and $500,000, which funds were paid on June 30, 2000. Oth.net, Inc. is an
internet based search engine for music on the world wide web. Such
transaction was completed as of July 21, 2000. As a result, it is
contemplated that there will be a change in management of the Company.
Item 5. Other Events.
In addition to the transaction reported under Item 2, subsequent to the
end of fiscal 2000, the Company sold an aggregate of 1,756,000 restricted
shares of Common Stock to nine investors for an aggregate consideration of
$2,768,000 and issued an aggregate of 1,500,000 restricted shares of Common
Stock to certain persons in connection with employment arrangements and other
services. Such funds will be used for operations and development of the
business resulting from the acquisition of all of the assets of Oth.net, Inc.
Item 7. Financial Statements and Exhibits.
The financial statements and pro forma financial information required
to be filed are presently not available and will be filed by amendment as soon
as possible and no later than 60 days after the due date of this Report on
Form 8-K.
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 thereunto duly authorized.
PL BRANDS, INC.
(Registrant)
Date: July 31, 2000 By: /s/Robert Brown
Robert Brown,
Vice President - Finance
