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 EVENT REPORTED) JUNE 22, 2001
EMARKETPLACE, INC.
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE 0-14731 33-0558415
(STATE OR OTHER (COMMISSION (IRS EMPLOYER
JURISDICTION OF FILE NUMBER) IDENTIFICATION NO.)
FORMATION)
255 WEST JULIAN STREET, SUITE 100, SAN JOSE, CA 95110
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE (408) 295-6500
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(FORMER NAME OR FORMER ADDRESS, IF CHANGES SINCE LAST REPORT)
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
On July 2, 2001, the Company completed the Purchase Agreement dated May
10, 2001, by and among eMarketplace, Inc. and whatZnew.com for the sale of
TechStore, Inc., a wholly owned subsidiary of eMarketplace, Inc., along with
Office Express, Inc., a wholly owned subsidiary of TechStore, Inc., to
whatZnew.com. The Company received value in the form of $30,000 in cash, a
$35,800 Promissory Note, assumption of Liabilities of approximately $428,000,
the removal of Contingent Liabilities including various employment contracts of
TechStore, Inc., and Office Express, Inc., retirement of 1.2 million shares of
eMarketplace, Inc., Common Stock, and a stock certificate for 500,000 shares of
Common Stock in whatZnew.com. The effective closing date of the transaction will
be August 15, 2001, or the actual date of payment on the Promissory Note.
ITEM 3. BANKRUPTCY OR RECEIVERSHIP.
On June 22, 2001, Full Moon Interactive, Inc., filed for relief under
Chapter 7 of the Federal Bankruptcy Code. eMarketplace, Inc. owned approximately
40% of the fully diluted common stock of Full Moon Interactive, and is owed
approximately $2.0 million on a line of credit due from Full Moon Interactive.
It is unlikely that eMarketplace, Inc., will recover its investment from the
Bankruptcy claim. To date, no receiver, fiscal agent or similar officer has been
appointed.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) The following are filed as Exhibits to this Report:
EXHIBIT NUMBER DESCRIPTION
99.1 Purchase Agreement Dated May 10, 2001.
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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 hereunto duly authorized.
EMARKETPLACE, INC.
By: /s/ ROBERT M. WALLACE
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Name: Robert M. Wallace
Title: Chief Executive Officer
Dated: July 9, 2001
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EXHIBITS INDEX
EXHIBIT NUMBER DESCRIPTION
99.1 Purchase Agreement Dated May 10, 2001.
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