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): April 17, 2001 YARC SYSTEMS CORPORATION, INC. _____________________________________________________________________________ (Exact name of Registrant as specified in its charter) CALIFORNIA 000-29969 77-0185650 _____________________________ ___________ ___________________ (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification No.) 900 CALLE PLANO, UNITS J, K, CAMARILLO, CA 93012 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (805)482-1879 Item 3. Bankruptcy or Receivership - ---------------------------- On April 17, 2001, Registrant filed a Petition under Chapter 7 of the Bankruptcy Act in the United States Bankruptcy Court for the Central District of California, Santa Barbara Division, being case number ND01-11329RR. It is unlikely that there will be any significant distribution of assets to the Registrant's creditors, staff, or shareholders. SIGNATURE 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, thereunto duly authorized. YARC SYSTEMS CORPORATION, INC. Registrant Dated: April 17, 2001 By /s/ Trevor G Marshall _______________________ Trevor G Marshall Chairman and Chief Executive Officer (Principal Executive Officer)