UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
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Date of Report (Date of earliest event reported): April 18, 2002
TREASURY INTERNATIONAL INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-28514 98-0160284
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification Number)
422 Montana Street
Libby, Montana 59923
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(Address of principal executive offices)
Registrant's telephone number, including area code: (406) 293-7199
303 52 Avenue W
Claresholm, Alberta
Canada T0L 0T0
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(Former names or former address, if changed from last report)
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
On April 18, 2002, the Registrant entered into a Plan of Reorganization and
Acquisition wherein the Registrant shall acquire all of the issued and
outstanding interests in American Sports Academy, LLC ("ASA") from American
Sports History, Inc. in exchange for (i) 100,000 shares of the Registrant's
Common Stock, (ii) a $100,000 Promissory Note payable in two years with interest
at seven percent per annum, and (iii) five percent of the net profits earned by
ASA, payable semi-annually, up to an aggregate amount of $500,000. The Closing
is expected to be on or about May 3, 2002.
ASA provides multi-sport youth instructional programs throughout Long Island,
New York led by its President and former member of the Baltimore Orioles and New
York Mets, Rob Dromerhauser. ASA currently has over 40 camps in five sports
(baseball, softball, soccer, wrestling and lacrosse) offered to children between
the ages of five to 15. ASA generated $380,000 in revenues for the year-ended
December 31, 2001.
ITEM 5. OTHER EVENTS.
On April 5, 2002, Rob Dromerhauser, President of American Sports Academy, LLC
was appointed a Director of the Registrant. Mr. Dromerhauser is a former Major
League baseball player and has been active in all phases of sports for children
for the past 11 years.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
10.4 Plan of Reorganization, and Acquisition between the Registrant,
American Sports Academy, LLC and American Sports History, Inc.
Dated: April 23, 2002
TREASURY INTERNATIONAL INC.
By: /s/ Dale Doner
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Dale Doner
Chief Executive Officer
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INDEX TO EXHIBITS
Exhibit No. Description
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10.4 Plan of Reorganization and Acquisition between
Registrant, American Sports Academy and American
Sports History, Inc.
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