<PAGE> 1
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) March 22, 2000
WSi INTERACTIVE CORPORATION
(Exact name of registrant as specified in its charter)
BRITISH COLUMBIA, CANADA O-25860
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(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
Page 1 of 7
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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
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Exhibit 99.1 WSi INTERACTIVE CORPORATION. Press Release
dated March 22, 2000.
Exhibit 99.2 WSi INTERACTIVE CORPORATION. Material Change
Report dated March 22, 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: March 22, 2000.
WSi INTERACTIVE CORPORATION
By: /s/ JAMES L. HARRIS
__________________________________
Name: James L. Harris
Title: Secretary
Page 2 of 7
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EXHIBIT INDEX
Sequential
Number Exhibit Page Number
Exhibit 99.1 WSi INTERACTIVE CORPORATION 4
Press Release dated March 22, 2000
Exhibit 99.2 WSi INTERACTIVE CORPORATION. 6
Material Change Report dated March 22, 2000.
Page 3 of 7
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WSi INTERACTIVE CORPORATION Symbols: CDNX - WIZ OTC - WIZZF
NEWS RELEASE
March 22, 2000
WSi INTERACTIVE CORPORATION TAKES A 25% INTEREST IN FLASHCANDY.COM
WSi Interactive Corporation is pleased to announce that it has taken a 25 per
cent interest in Flashcandy.com (www.flashcandy.com). Flashcandy.com is an
on-line greetings card company with rich media and unique sound-animated cards
suitable for all occasions. The site will have appeal across all demographic
segments. Similar online greeting card companies are: Bluemountain.com, which
sold last year to Excite @Home (Nasdaq:ATHM) for a value of $780 million US, and
Egreetings Network (Nasdaq:EGRT).
Under the agreement WSi will be taking an active role in the creative
development and management of the site. Flashcandy.com cards are all original
and are being developed by creative teams which includes individuals who have
worked previously on Disney animation projects. Petra Dueck, WSi's creative
director for the project says, "The creative development and execution going
into Flashcandy.com is superior to anything else that is currently on the
Internet".
Flashcandy.com, with its head office in Las Vegas, Nevada, will allow WSi to
further lever the investments it has made in proprietary software and broadband,
convergence technologies to stream the cards to recipients.
Taking a position in Flashcandy.com is another strategic step for WSi as it
rapidly moves forward with its plan of increasing assets and revenues through
the development and acquisition of successful Internet businesses.
THE BUSINESS OF 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.
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.
WSi properties include Medianetsolutions.com, Targetpacks.com,
Westernshores.com, Stocksecrets.com, Yourwinestore.com, Healthcreator.com,
Investmentworldnews.com and several others.
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To receive information on WSi by e-mail or fax, please forward your Internet
address / fax # to [email protected] / fax: 1-877-499-5806.
To fax your request please complete the following
NAME:
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COMPANY:
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E-mail address:
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PHONE#:
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FAX#:
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Send by: E-mail or fax: yes / no. Or: e-mail only: yes / no
Toll free: 1-888-388-4636
Fax: 1-877-499-5806
Websites: www.ws-i.com
www.flashcandy.com
ON BEHALF OF THE COMPANY
"Theo Sanidas"
Theo Sanidas, President
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 nor 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
March 22, 2000
Item 3. Press Release
The press release was issued on March 22, 2000 and
disseminated through Canada News Wire and BC Emergis.
Item 4. Summary of Material Change
WSi Interactive Corporation is pleased to announce that it has
taken a 25 per cent interest in Flashcandy.com
Item 5. Full Description of Material Change
WSi Interactive Corporation is pleased to announce that it has
taken a 25 per cent interest in Flashcandy.com
(www.flashcandy.com). Flashcandy.com is an on-line greetings
card company with rich media and unique sound-animated cards
suitable
<PAGE> 2
for all occasions. The site will have appeal across all
demographic segments. Similar online greeting card companies
are: Bluemountain.com, which sold last year to Excite @Home
(Nasdaq:ATHM) for a value of $780 million US, and Egreetings
Network (Nasdaq:EGRT).
Under the agreement WSi will be taking an active role in the
creative development and management of the site.
Flashcandy.com cards are all original and are being developed
by creative teams which includes individuals who have worked
previously on Disney animation projects. Petra Dueck, WSi's
creative director for the project says, "The creative
development and execution going into Flashcandy.com is
superior to anything else that is currently on the Internet".
Flashcandy.com, with its head office in Las Vegas, Nevada,
will allow WSi to further lever the investments it has made in
proprietary software and broadband, convergence technologies
to stream the cards to recipients.
Taking a position in Flashcandy.com is another strategic step
for WSi as it rapidly moves forward with its plan of
increasing assets and revenues through the development and
acquisition of successful Internet businesses.
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
The foregoing accurately discloses the material change
referred to herein.
Dated this 22nd day of March, 2000 at Vancouver, BC
WSI Interactive Corp.
By: "James L. Harris"
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James L. Harris
Secretary
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(Official Capacity)
