UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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 reported) May 24, 2002
Aqua Vie Beverage Corporation
(Exact name of registrant as specified in its chapter)
Delaware 000-24801 820506425
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(State or other jurisdiction) (Commission File Number) (IRS Employer
Identification No.)
333 South Main St. P.O. Box 6759, Ketchum, Idaho 83340
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(Address) (zip code)
Registrant's telephone number, including area code 208-622-7792
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(former name or former address, if changed since last report)
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ITEM 5. Other Events
Registrant intends to amend its 10-KSB for the year ended July 31, 2001 in order
to restate its financial statements to reclassify the forgiveness of advances
and payroll by the Company's chief executive officer as a capital contribution
instead of as an extraordinary gain, which the Company originally reported. This
restatement will increase the Company's reported year-end loss by $676,408, but
will not affect the Company's reported assets, liabilities, or net worth.
Registrant also expects that its restated financial statements will reflect
previously unrecorded and unpaid compensation of $120,000, which was waived by
the Company's CEO, as an additional capital contribution for the year ended July
31, 2001.
Registrant also expects to amend its 10-QSBs for the quarters ending October 31,
2001 and January 31, 2002 in order for its quarterly financial statements to
reflect similar capital contributions.
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.
AQUA VIE BEVERAGE CORPORATION
Date: May 24, 2002 By: /s/ Thomas Gillespie
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Thomas Gillespie
President, Director
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