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) October 22, 2004
DATASCENSION, INC.
(Exact name of Registrant as specified in charter)
Nevada 0-29087 87-0374623
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification)
6330 McLeod Drive, Suite 1, Las Vegas, NV 89120
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (702) 262-2061
ITEM 5.03 AMENDMENTS TO CORPORATE BYLAWS
On October 19, 2004, pursuant to N.R.S. 78.060, 78.120, the Company's
Board of Directors of Datascension, Inc. unanimously voted to amend the
corporate bylaws to no longer require the issuance of the Registrant's common
stock in beneficial holder name.
This amendment to the bylaws will allow shares to be issued in the name of CEDE
& Co. and be traded through the Depository Trust & Clearing Corporation (DTC).
The reason for the bylaw change is the Company has been in discussions with
several funding sources to obtain financing for additional expansion and growth
of operations; however, these sources have indicated they are unwilling to
provide financing to the company until such time as the company's shares trade
and clear through the depository trust.
A copy of the amended bylaws and notification letter to the DTC are attached as
Exhibit 99.1, and 99.2.
ITEM 8.01 OTHER EVENTS
On October 22, 2004, Datascension, Inc., a Nevada corporation (the "Company"),
issued a press release announcing that the Company was considering a spin-off
and registration statement of its wholly-owned subsidiary, Datascension
International Inc., with operations in California, Costa Rica and the Dominican
Republic. Additional information related to the potential spin-off can be
found in the Schedule 14C filed with the SEC on Friday, October 22, 2004.
A copy of the press release is attached hereto as Exhibit 99.3 and is
incorporated herein by reference.
Item 7. Exhibits.
99.1 Copy of Amended Corporate By-laws.
99.2 Notification of Bylaw changes to DTC.
99.3 Copy of Press Release.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: October 22, 2004
DATASCENSION INC.
By:
/s/ Murray N. Conradie
-----------------------
Murray N. Conradie, CEO
INDEX TO EXHIBITS
Exhibit No. Description
- ----------- -----------
99.1 Copy of Amended Corporate By-laws.
99.2 Notification Bylaw changes to DTC.
99.3 Copy of Press Release.