U.S. 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):
August 28, 2008
AMIWORLD, INC.
(Exact name of small business issuer as specified in its charter)
| Nevada | 000-52742 | 20-5928518 |
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer ID No.) |
60 E. 42nd Street, Suite 1225
New York, NY 10165
(Address of principal executive offices)
(212) 557-0223
(Issuer’s Telephone Number)
Item 1.01. Entry into a Material Definitive Agreement
On August 20, 2008 one of our subsidiary companies, Odin Petroleum Ltd. (“Odin”), entered into an agreement with C.I. Vanoil, S.A., a Colombian based company (“Vanoil”), wherein we have agreed to sell Vanoil Thirty-Six Thousand (36,000) barrels of our diesel on a monthly basis for a period of one year commencing upon our receipt of an initial payment of $2,339,210, which was received on August 28, 2008. As a result of our receipt of this payment, the aforesaid agreement became effective.
The terms of this agreement provide for our delivery of 450,000 gallons of diesel daily to Vanoil’s plant located in Cartagena, Colombia, at a price equal to the then current price of diesel established by Platt’s No. 2 US Gulf Oil, minus $.20 per gallon. Vanoil is obligated to pay 50% of the monthly purchase price prior to delivery, with the remaining 50% due upon inspection and acceptance of the product by Vanoil. The total value of the contract is estimated to be in excess of $56 million (US), based upon the current market price of diesel.
Section 7 - Regulation FD
Item 7.01 Regulation FD Disclosure
Our Press Release relating to entry into the agreement with C.I. Vanoil, S.A. is attached as Exhibit 99.3 and is hereby incorporated.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
The following exhibits are included herewith:
| 10.16 | Purchase Order from C.I. Vanoil, S.A. dated August 20, 2008 |
99.3 | Press Release dated September 3, 2008 advising of the Vanoil Agreement |
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: September 3, 2008 AMIWORLD, INC.
Registrant
By: s/Mamoru Saito__________________
Mamoru Saito, Chief Executive Officer
