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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) April 6, 2000
WSi INTERACTIVE CORPORATION
(Exact name of registrant as specified in its charter)
BRITISH COLUMBIA, CANADA O-25860
---------------------------- ------------------------ ------------------
(State or other jurisdiction of (Commission File Number) (IRS Employer
incorporation) Identification No.)
Suite 200 - 1200 West Pender Street, Vancouver, BC V6E 2S9
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(Address of principal executive offices) (zip code)
Registrant's telephone number, including area code 604-681-8589
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N/A
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(Former name or former address, if changed since last report)
Exhibit Index is on page 3
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ITEM 5. OTHER EVENTS.
Pursuant to Form 8-K, General Instructions F, registrant hereby incorporates by
reference the press release attached hereto as Exhibit 99.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS
Exhibit No. Description
----------- -----------
Exhibit 99.1 WSi INTERACTIVE CORPORATION. Press Release
dated April 6, 2000.
Exhibit 99.2 WSi INTERACTIVE CORPORATION. Material Change
Report dated April 6, 2000.
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.
Dated: April 6, 2000.
WSi INTERACTIVE CORPORATION
By: /s/ JAMES L. HARRIS
__________________________________
Name: James L. Harris
Title: Secretary
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EXHIBIT INDEX
Sequential
Number Exhibit Page Number
Exhibit 99.1 WSi INTERACTIVE CORPORATION 4
Press Release dated April 6, 2000
Exhibit 99.2 WSi INTERACTIVE CORPORATION. 7
Material Change Report dated April 6, 2000.
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WSi INTERACTIVE CORPORATION Symbols: CDNX - WIZ OTC - WIZZF
NEWS RELEASE
APRIL 6, 2000
WSi TEAMS UP WITH IBM CANADA LTD. TO CREATE THE FIRST FULL SERVICE DOT COM
INCUBATOR.
WSi Interactive is pleased to announce that it is working with IBM Canada Ltd.
to create a dynamic Internet business incubation partnership in North America.
The alliance with IBM will allow WSi to take on business projects of virtually
unlimited scope and significantly enhance its ability to accelerate the early
stage development of these businesses using cutting edge solutions.
WSi and IBM will work together to review selected business plans, provide for
the injection of requisite capital funding, provide management and technology
assistance, deploy the projects, as well as, assist with product and services
sales and support. The goal is to allow Internet companies to concentrate on
building their businesses, with the strong support of WSi and IBM.
IBM will submit business plans to WSi's incubation program and provide hardware,
software and services to selected start up projects. WSi will be given access to
IBM's Industry Solutions Lab, be registered in IBM's Service Provider Business
Partner Program, and become an official IBM reseller.
"WSi's focus on start-up companies was a great fit for IBM," said Stephane
Boisvert, business unit executive of IBM Canada's Net Generation organization.
"Their 'one-stop shop' strategy for e-commerce and e-advertising for this market
segment complements our own "one-stop" approach to providing Internet start-ups
with a complete technology infrastructure, including hardware, software and
services. Speed to market is critical in this segment, and so the more complete
the solution, the better."
"It goes without saying, that we are immensely proud that the success of our
hard work, creativity and diligence has been recognized by the leader in the
information technology industry" states Theo Sanidas, CEO of WSi. "We are
tremendously excited about the magnitude of this working relationship, as this
alliance allows us to rapidly and effectively execute business plans."
ABOUT WSi
WSi Interactive Corporation is an innovative Internet business development and
marketing firm, whose objective is to capitalize on direct marketing
opportunities on the Internet. WSi builds, manages and markets online businesses
in the financial, e-tailing and e-commerce, entertainment and e-advertising
sectors.
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WSi focuses on early-stage companies where it can add significant value to the
investment through a network of relationships and strategic alliances, using our
experience in helping Internet companies build traffic, develop brands, and
capitalize on a variety of revenue streams.
In this regard, WSi is modeling itself on CMGI (Nasdaq:CMGI). Like CMGI, WSi
started as a direct marketing agency in 1990 and has grown to become a
specialist in e-advertising and e-commerce. WSi plans to establish itself as a
recognized leader in the Internet economy, by creating a one-stop shop for
e-commerce and e-advertising, plus financial information and entertainment.
ABOUT IBM
IBM is the world's largest information technology company with 80 years of
leadership in helping businesses innovate. IBM's Net Generation Business
provides hardware, software and services to emerging Web-based businesses, as
well as to IBM's research and development labs, to enable those businesses to
quickly put in place an effective, scalable infrastructure that gives them a
competitive advantage. For more information about IBM, visit: www.ibm.com.
To receive information on WSi by e-mail or fax, please forward your Internet
address / fax # to:
[email protected] / fax: 1-877-499-5806.
For fax requests, please complete the following:
NAME: ______________________________________________
COMPANY: ______________________________________________
E-MAIL: ______________________________________________
PHONE#: ______________________________________________
FAX#: ______________________________________________
Send by: E-mail or fax: yes / no. E-mail only: yes / no
Toll free: 1-888-388-4636
Fax: 1-877-499-5806
Website: www.ws-i.com
ON BEHALF OF THE COMPANY
/s/ Theo Sanidas
Theo Sanidas, President
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This news release may contain forward-looking statements that involve risks and
uncertainties, including the impact of competitive products and pricing, and
general economic conditions as they affect the Company's clients. Actual results
and developments may therefore differ materially from those described in this
release. No regulatory authority has reviewed or accepted any responsibility for
the adequacy or accuracy of the contents of this release.
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This is a form of a material change report required under Section 85(1) of the
Securities Act and Section 151 of the Securities Rules.
FORM 27
SECURITIES ACT
MATERIAL CHANGE REPORT UNDER SECTION 85(1) OF THE ACT
NOTE: This form is intended as a guideline. A letter or other document may be
used if the substantive requirements of this form are complied with.
NOTE: Every report required to be filed under Section 85(1) of the Act shall
be sent to the Commission in an envelope addressed to the Commission
and marked "Continuous Disclosure".
NOTE: WHERE THIS REPORT IS FILED ON A CONFIDENTIAL BASIS PUT AT THE BEGINNING
OF THE REPORT IN BLOCK CAPITALS "CONFIDENTIAL - SECTION 85", AND
EVERYTHING THAT IS REQUIRED TO BE FILED SHALL BE PLACED IN AN ENVELOPE
ADDRESSED TO THE SECRETARY OF THE COMMISSION MARKED "CONFIDENTIAL".
Item 1. Reporting Issuer
WSI Interactive Corp.
Item 2. Date of Material Change
April 6, 2000
Item 3. Press Release
The press release was issued on April 6, 2000 and disseminated through
Canada News Wire and BC Emergis and Canadian Corporate News.
Item 4. Summary of Material Change
WSi Interactive is pleased to announce that it is working with IBM
Canada Ltd. to create a dynamic Internet business incubation
partnership in North America
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Item 5. Full Description of Material Change
WSi Interactive is pleased to announce that it is working with IBM
Canada Ltd. to create a dynamic Internet business incubation
partnership in North America. The alliance with IBM will allow WSi to
take on business projects of virtually unlimited scope and
significantly enhance its ability to accelerate the early stage
development of these businesses using cutting edge solutions.
WSi and IBM will work together to review selected business plans,
provide for the injection of requisite capital funding, provide
management and technology assistance, deploy the projects, as well as,
assist with product and services sales and support. The goal is to
allow Internet companies to concentrate on building their businesses,
with the strong support of WSi and IBM.
IBM will submit business plans to WSi's incubation program and provide
hardware, software and services to selected start up projects. WSi will
be given access to IBM's Industry Solutions Lab, be registered in IBM's
Service Provider Business Partner Program, and become an official IBM
reseller.
"WSi's focus on start-up companies was a great fit for IBM," said
Stephane Boisvert, business unit executive of IBM Canada's Net
Generation organization. "Their 'one-stop shop' strategy for e-commerce
and e-advertising for this market segment complements our own
"one-stop" approach to providing Internet start-ups with a complete
technology infrastructure, including hardware, software and services.
Speed to market is critical in this segment, and so the more complete
the solution, the better."
"It goes without saying, that we are immensely proud that the success
of our hard work, creativity and diligence has been recognized by the
leader in the information technology industry" states Theo Sanidas, CEO
of WSi. "We are tremendously excited about the magnitude of this
working relationship, as this alliance allows us to rapidly and
effectively execute business plans."
Item 6. Reliance on Section 85(2) of the Act
Nothing in this form is required to be maintained on a confidential
basis.
Item 7. Omitted Information
Not applicable.
Item 8. Senior Officer
James L. Harris, Secretary
Telephone No. (604) 609-3068
Item 9. Statement of Senior Officer
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The foregoing accurately discloses the material change referred to
herein.
Dated this 6th day of April, 2000 at Vancouver, BC
WSI Interactive Corp.
By: /s/ James L. Harris
-----------------------------
James L. Harris
Secretary
---------------------------------
(Official Capacity)
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