1 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) January 31, 2001 ---------------- ZAXIS INTERNATIONAL INC. ------------------------ (Exact name of registrant as specified in its charter) Delaware 0-15476 68-0080601 -------- ------- ---------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 1890 Georgetown Road, Hudson, Ohio 44236 ---------------------------------- ----- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (330) 650-0444 -------------- 2 ZAXIS INTERNATIONAL INC. 8K FILING ITEM 5. OTHER EVENTS The Company has reached a tentative agreement with John E. Turner on terms and conditions for a significant investment in the Company. A closing date for the investment has not been set and is dependent upon the completion of Mr. Turner's private financing package. The Company is seeking interim financing of a minimum of $250,000.00 to fund short term operating expenses. 3 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. Zaxis International Inc. Date: January 31, 2001 ---------------- /s/JOHN HROBSKY -------------------------------------- John Hrobsky President and Chief Executive Officer Zaxis International Inc.