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: February 26, 2010
Date of Earliest Event Reported: February 26, 2010
MEDCAREERS GROUP, INC.
(Exact name of registrant as specified in its charter)
Nevada | 333-152444 | 26-1580812 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
1100 Hammond Drive Suite 410-A303
Atlanta, GA 30328
(Address of principal executive offices)(Zip Code)
Registrant's telephone number, including area code: (866) 472-7781
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:
[__] | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
[__] | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
[__] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
[__] | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On or around February 26, 2010, MedCareers Group, Inc. (the “Company,” “we,” and “us”) entered into an agreement to acquire the business www.medcareers.com (“Medcareers.com” and the “Purchase”). The purchase price will be approximately $675,000, which is subject to adjustment based on the results of the audit which will be paid in cash with traditional debt financing and/or seller financing with no conversion features and no dilution to Company shareholders.
The Company expects to complete the transaction within approximately 60 days.
Medcareers.com is a job posting website for medical related jobs and formerly powered the job board for WebMD (NASDAQ:WBMD).
The Company plans to file the definitive documents and describe the Purchase and the operations of Medcareers.com in greater detail, including Form 10 type information regarding Medcareers.com, and audited financial statements associated therewith.
Attached as Exhibit 99.1 is a press release describing the proposed Purchase.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
EXHIBIT NO. | DESCRIPTION |
99.1* | Press Release |
* Filed herewith.
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.
MEDCAREERS GROUP, INC. | ||
Date: February 26, 2010 | By: /s/ Robert Bryan Crutchfield | |
Robert Bryan Crutchfield | ||
Chief Executive Officer |