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: July 24, 2002 ------------- Karts International Incorporated (Exact name of small business issuer as specified in its charter) Commission File Number: 0-23041 ------- Nevada 75-2639196 - ---------------------------- ---------------------------- (State of incorporation) (IRS Employer ID Number) 509 Industrial Park Drive, Hammond, LA 70401 -------------------------------------------- (Address of principal executive offices) (985) 419-5120 (Issuer's telephone number) Item 5 All assets belonging to Karts International Incorporated and its subsidiaries were seized and sold at foreclosure sale on July 17, 2002 in Amite, Louisiana. Item 7 Exhibit 99.1 Press Release Dated July 24, 2002 SIGNATURES In accordance with the requirements of the Securities Exchange Act of 1934, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Karts International Incorporated Dated: July 24, 2002 /s/ Timotheus benHarold ------------- ------------------------ Timotheus benHarold President, Chief Executive Officer Chief Accounting Officer and Director