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): April 8, 2004
Treasury International, Inc.
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(Exact name of registrant specified in charter)
Delaware 0-28514 98-0160284
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(State of (Commission File (IRS Employer
Incorporation) Number) Identification No.)
422 Montana Avenue
Libby, Montana 59923
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(Address of principal executive offices) (Zip Code)
(406) 293-7299
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(Registrant's telephone number, including area code)
(Former name or former address, if changed since last report)
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ITEM 2. PURCHASE OF ASSETS.
On April 8, 2004, Treasury International, Inc. (the "Registrant") through its
wholly owned subsidiary American Sports Academy, Inc. (ASA, Inc.) purchased
substantially all of the assets of Imani Motors USA a sole proprietorship owned
by Scott A. Frye.
The Registrant paid $200,000 plus shares representing 50% of ASA, Inc. ASA, Inc.
will change its name to Imani Motor USA, Inc. and Mr. Frye will be appointed to
the Board of Directors of the Registrant. The Registrant has also agreed to pay
royalties of up to $3,868 from the purchase price received from the sale of each
car.
Imani has developed a new motor vehicle to be manufactured by Imani under the
"Imani" brand name. Imani has built three prototypes: a 2 door Sport Roadster, a
4 door Sport Truck and a 2 door Sport Coupe. The Company is still in the
development stage and intends to begin selling and manufacturing its cars in the
fall of 2004.
ITEM 7. FINANCIAL STATEMENTS and EXHIBITS.
(c) Exhibits
10.6 Agreement between Registrant and Scott A. Frye.
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.
Treasury International, Inc.
Dated: April 27, 2004 By: /s/ Dale Doner
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Dale Doner, President
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