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| KHZM.OB > SEC Filings for KHZM.OB > Form 8-K on 12-May-2009 | All Recent SEC Filings |
12-May-2009
Completion of Acquisition or Disposition of Assets, Changes in Control
On May 12, 2009, the Registrant acquired 100% of the issued and outstanding capital stock of Kahzam, Inc., a Florida corporation, in exchange for the issuance of 4,000,000 shares of Common Stock of the Registrant.
Kahzam, Inc. is an emerging presence in the global pay per click ("PPC") search engine and Web portal field. The company is headquartered in Boca Raton, FL with additional offices in Phoenix, AZ and plans to establish offices in New York City, Los Angeles, Washington, D.C. and Chicago.
Kahzam maintains a vast index of Web sites and other online content that is freely available via the search engine to all Internet users. This automated search technology helps anyone obtain nearly instant access to relevant information from our extensive index.
The audited financial statements of Kahzam, Inc. for the periods ended December 31, 2007 and December 31, 2008 are set forth as Exhibit 99.1 to this Form 8-K.
The information set forth above in Item 2.01 (Completion of Acquisition or Disposition of Assets) of this current report on Form 8-K is incorporated herein by reference in its entirety.
On May 12, 2009, the Board accepted the resignation of Robert Weaver, Jr. as an Officer and Director of the Registrant. On May 12, 2009, the Board appointed J. Franklin Bradley as President and Chairman of the Board and James Lindsay as Secretary, Chief Operating Officer, and Director of the Registrant, to serve until the next Annual Meeting of Shareholders.
On May 12, 2009, our Board of Directors approved a change in name of the Registrant to Kahzam, Inc. effective at the close of business on May 31, 2009. On May 12, 2009, our Board of Directors approved a forward-split of our Common Stock on the basis of three new shares of Common Stock for each one share of Common Stock held of record at the close of business on May 31, 2009. These corporate actions were ratified on May 12, 2009 by holders of a majority of the shares of Common Stock of the Registrant acting on written consent.
EXHIBIT 99.1
AUDITED FINANCIAL STATEMENTS
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