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) September 20, 2005
ZENEX INTERNATIONAL, INC.
------------------------------------------------------
(Exact name of registrant as specified in its charter)
Oklahoma 000-24684 73-1587867
- ---------------------------- ------------ -------------------
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
14220 S. Meridian Ave.
Oklahoma City, Oklahoma 73173
---------------------------------------------------
(Address of principal executive offices) (Zip Code)
(405) 692-2300
----------------------------------------------------
(Registrant's telephone number, including area code)
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(b) under the Exchange Act (17
CFR 240.14a-12(b))
[ ] 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))
Information to be Included in the Report
Item 8.01 Other Events.
On September 20, 2005, Zenex International, Inc. (the "Company") issued a
press release announcing that the joint venture formed by the Company's wholly
owned subsidiary, Aduddell Roofing and Waterproofing, Inc. ("Aduddell Roofing")
and Carothers Construction, Inc. (the "Joint Venture") had received a
modification to its contract (the "Contract") with the U.S. Army Corps of
Engineers ("USACE")to provide temporary roofing services to Pearl River,
Hancock, Harrison and Jackson Counties in Mississippi to repair the widespread
damage caused by Hurricane Katrina. The Contract was initially awarded on
September 3, 2005 in the amount of $10,000,000. On September 16, the Company
announced that the Contract had been increased to $20,000,000. This latest
modification to the Contract has increased the amount to $60,000,000.
The Joint Venture was formed specifically for the purpose of working on the
Contract to provide temporary roofing services to the Gulf Coast region.
Pursuant to the terms of the agreement governing the Joint Venture, there are 3%
of gross revenues set aside to pay for bonding and insurance and thereafter,
Carothers will receive 20% of the remaining proceeds and Aduddell Roofing will
receive 80%. Aduddell Roofing is responsible for all material cost, labor cost
and management cost, which includes a fee of 16.96% to Oklahoma Development
Group, LLC ("ODG"). ODG, an affiliate of the Company, was designated to manage
all pre-event activities, labor, procurement, housing and administrative
responsibilities associated with the Hurricane. ODG is a development and
management company.
Prior to the contract, ODG facilitated the planning and readiness program,
as well as the procurement of required Hurricane response items. ODG, along with
Aduddell Roofing and Carothers Construction Company, prepared the required
documentation that was submitted to the USACE.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
- ----------- -----------
99 Press release dated September 20, 2005
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.
ZENEX INTERNATIONAL, INC.
RON CARTE
-------------------------------
Ron Carte, President
September 23, 2005
INDEX TO EXHIBITS
Exhibit
No. Description Method of Filing
- ------- ----------- ----------------
99 Press release dated September 20, 2005 Filed herewith electronically