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): December 16, 2002
INTEGRATED DATA CORP.
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(Exact name of Registrant as specified in charter)
Delaware 0-31729 23-2498715
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) Number)
625 W. Ridge Pike, Suite C-106, Conshohocken, Pennsylvania 19428
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(Address of principal executive offices) (Zip Code)
610-825-6224
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(Registrant's telephone number, including area code)
CLARITI TELECOMMUNICATIONS INTERNATIONAL, LTD.
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(Former name or former address, if changed since last report)
Item 2. Acquisition or Disposition of Assets.
Integrated Data Corp ("the Company") (formerly Clariti Telecommunications
International Ltd.) has agreed to purchase with immediate effect, 17,949,000
freely tradable shares of DataWave Systems Inc., ("DataWave"), a Canadian
public company, which trades on the TSE Venture Exchange with the symbol DTV
and on the Nasdaq OTCBB with the symbol DWVSF. DataWave shares are currently
trading at a mid price of US$0.12 per share. The shares acquired constitute a
controlling interest of 40.905% of the outstanding shares of DataWave. The
price paid to the six selling shareholders, consisting of various individuals
and companies, is $1,794,900, to be satisfied by the issuance of common stock
in the Company at a value of US$1.00 per share. The resulting 1,794,900 shares
of the Company will be newly issued and subject to the restrictions on trading
imposed by Rule 144 under the Securities Act of 1933. The Company expects that
these shares will be registered for trading in the near future. Shares of the
Company are currently trading at a mid price of approximately $1.40 per share
on the OTCBB under the symbol "ITDD". The Company is considering the
acquisitions of further shares of DataWave in the near future and will announce
upon the occurrence of such event.
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Signature
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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.
INTEGRATED DATA CORP.
(Registrant)
December 16, 2002
By: /s/Abraham Carmel
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Abraham Carmel
Chief Executive Officer,
President and Acting
Chief Financial Officer
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