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): June 15, 2000
iiGROUP, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-14026 13-3174562
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
7000 W. Palmetto Park Road
Boca Raton, Florida 33433
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (561) 620-9202
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(Former name or former address, if changed since last report.)
Item 2. Acquisition or Disposition of Assets
On June 15, 2000 iiGroup, Inc. completed the acquisition of Silicon Ventures,
Inc., an Internet holding company located in Los Angeles, California. The
purchase price was 3,714,286 shares of iiGroup restricted common stock.
J. Eric Kirkland, founder of Silicon Ventures, became the new President and a
Director of iiGroup. Mr. Kirkland has a B.A. in Accounting, and is an attorney
who has specialized in business law including securities, corporate tax matters,
and business formation strategies as well as raising capital for businesses.
Kirkland formed Silicon Ventures, Inc., an Internet merchant banking company, in
1999. Neil Swartz remains as Chief Executive Officer.
Silicon Ventures is comprised of equity positions in four companies:
Solutions Media, Inc. is a company devoted to the research and development of
viable interactive applications for the consumer market. Its first endeavor was
the creation of SpinRecords.com, a premier music destination web site for fans
to purchase music and interact with other fans, and a site for talented
musicians to promote and sell their music. In addition, Solutions Media is set
to launch several new sites that will utilize its proprietary technologies and
marketing model.
On-Line Yellow Pages, Inc. (d.b.a. SBN.com) is a leading aggregator and Internet
marketer of e-commerce and business yellow page information in the U.S.,
covering general and vertical markets. In addition to working with third parties
as an application service provider, the Company makes its own Internet yellow
pages website available directly to users.
Nucell Wireless Corporation is a company that presently distributes cellular
telephones and accessories through wholesale channels. The founders of the
Company have obtained a low cost of production for cellular telephones and
accessories by establishing strategic alliances with manufacturing companies
oversees. The Company is now initiating its Internet strategy to distribute
cellular phones, accessories and wireless service to the end user through a
business-to-business network of partner websites.
SpeedMonster.com is an Internet motor sports-focused web community, fully
dedicated to all forms of motorized sport activities and to the millions of
enthusiasts that require up to the minute, in-depth coverage of motor sports
events, news, participants, race standings and all other related developments
and information. SpeedMonster.com intends to be the ultimate website available
for locating and purchasing everything that motor sports enthusiasts could
possibly desire or require. Item 7. Financial Statements and Exhibits.
(a) Financial Statements of Businesses Acquired.
The required audited financial statements of Silicon Ventures, Inc.
will be filed within the required time period.
(b)Pro Forma Financial Information.
The required pro forma financial statements will be filed with the
audited financial statements.
(c) Exhibits.
2.1 Merger Agreement dated as of May 9, 2000, by and among iiGroup,
Inc., Silicon Ventures, Inc. and SV Acquisition I Corp.
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.
iIGROUP, INC.
Date: June 26 2000 By: /s/ Neil Swartz
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Neil Swartz, Chief Executive Officer