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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):
August 2, 2000
XBOX TECHNOLOGIES, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-27928 41-1528120
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(State or other jurisdiction (Commission (I.R.S. Employer
or incorporation) File Number) Identification No.)
2665 South Bayshore Drive
Suite PH2B
Coconut Grove, Fl
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(Address of principal executive offices)
Registrant's telephone number, including area code: (305) 913-3300
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ITEM 5. OTHER EVENTS.
On August 2, 2000, Evros Psiloyenis, the President of FullMetrics, an
operating division of XBOX Technologies, Inc. (the "Company"), notified the
Board of Directors of the Company that he was resigning effective as of the
close of business on August 18, 2000 to pursue another opportunity. The Company
is currently engaged in discussions with interested third parties regarding the
sale by the Company of some or all of the FullMetrics' assets.
FullMetrics provides software solutions for companies in the plastics
and die casting industries. The Company has already released most of its
Fullmetrics employees and is no longer marketing the Fullmetrics products. After
the resignation of Mr. Psiloyenis, Fullmetrics will have three employees who
will focus on supporting existing customers.
Although the Company had previously announced in its Annual Report and
its quarterly reports on Form 10-QSB for the quarters ending November 30, 2000
and February 29, 2000, respectively, its intention to purchase 100% of the
outstanding stock of Amyyon Company from TECHinspirations, Inc. (Cayman), a
Cayman Island corporation and the largest stockholder of the Company, this
transaction was never consummated and Amyyon Company has since ceased all
operations.
After the sale of FullMetrics, the Company's only operating business
at this time will be its wholly owned subsidiary, Knowledge Mechanics, Inc.
("KMI"). KMI is an e-learning company that provides a unique technology and
service to cost-effectively develop, manage and deploy learning content over the
Internet.
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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.
XBOX TECHNOLOGIES, INC.
/s/ Richard Cascio
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By: Richard Cascio
Its: Interim Chief Executive Officer
Dated: August 17, 2000
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