UNITED STATES
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): May 7, 2010
ISLAND BREEZE INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
Delaware | 000-53452 | 27-1742696 | ||
(State or other jurisdiction | (Commission | (IRS Employer | ||
of incorporation) | File Number) | Identification No.) |
211 Benigno Blvd, Suite 201, Bellmawr, New Jersey | 08031 | |
(Address of principal executive offices) | (Zip Code) | |
Registrant’s telephone number, including area code: | (856) 931-1505 |
N/A
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 2.01 Completion of Acquisition or Disposition of Assets
On May 7, 2010, we sold one of our two vessels, the mv Casino Royale. As described in our Current Report on Form 8-K, which we filed with the SEC on April 22, 2010, the sales price for the Casino Royale was $1,970,815, which net of various adjustments including relocation expenses, resulted in us realizing $887,000. The sale excludes all gaming and entertainment equipment and furniture currently on board the Casino Royale, which we believe has a current value of approximately $2,000,000. We have retained and are storing such equipment and furniture which we may later sell or utilize on another vessel.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report to be signed on its behalf by the undersigned hereunto duly authorized.
ISLAND BREEZE INTERANTIONAL, INC. | ||
Date: May 12, 2010 | By: | /s/ Steven G. Weismann |
Steven G. Weismann, Chief Financial Officer |