SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
DATE OF REPORT: December 15, 1999
(Date of earliest event reported)
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VENTURI TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
NEVADA 000-25183 87-0580279
(State or other jurisdiction Commission File Number (I.R.S. Employer
of incorporation) Identification Number)
763 NORTH 530 EAST 84097
OREM, UTAH (Zip Code)
(Address of principal executive offices)
Registrant's telephone number, including area code: (801) 235-9552
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Item 2. Acquisition or Disposition of Assets
On December 15, 1999, the Company completed its acquisition
of the assets of MPI of Northern Florida, a Colorado general partnership
related to Martin & Peterman, Inc. The acquisition was part of the
acquisition by the Company of six related partnerships and four related
corporations pursuant to a Global Agreement for Purchase and Sale (see report
on Form 8-K filed November 17, 1999). The consideration for the assets of MPI
of Northern Florida consisted of $17,000 cash, 8,500 shares of the Company's
common stock and a promissory note in the principal amount of $34,000. The
promissory note accrues interest at the rate of 9% per annum and is amortized
over a 15 year term, with a balloon payment due in three years. The Company
also assumed certain debt and liabilities in the total amount of
approximately $40,000. Additional details concerning the acquisition are
included in the Company's report on Form 8-K filed November 17, 1999, which
report is incorporated herein by reference.
Item 7. Financial Statements, PRO FORMA Financial Information and Exhibits
(a) FINANCIAL STATEMENTS OF BUSINESSES ACQUIRED.
Not applicable (see report on Form 8-K filed November
17, 1999).
(b) PRO FORMA FINANCIAL INFORMATION.
Not applicable.
(c) EXHIBITS.
The following is filed as an exhibit to this Form 8-K:
Item No. Exhibit
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10.66 Agreement for Purchase and Sale of Assets between
MPI of Northern Florida, a Colorado general
partnership, and Venturi Technologies, Inc. dated
December 13, 1999
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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 thereunto duly authorized.
VENTURI TECHNOLOGIES, INC.
s/ Gaylord M. Karren
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Gaylord M. Karren
Chairman and Chief Executive Officer
Date: December 28, 1999
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