FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) May 15, 2001
------------
MEDIAX CORPORATION
- --------------------------------------------------------------------------------
(Exact Name of Registrant as Specified in Its Charter)
Nevada
- --------------------------------------------------------------------------------
(State or Other Jurisdiction of Incorporation or Organization)
0-23780 84-1107138
- --------------------------------------------------------------------------------
(Commission File Number) (IRS Employer Identification No.)
4695 MacArthur Court, Suite 1450, Newport Beach, CA 92660
- --------------------------------------------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
(310) 815-8002
- --------------------------------------------------------------------------------
Registrant's Telephone Number, Including Area Code
ITEM 5. OTHER EVENTS
Based on the negative business climate for Internet companies, MediaX is
rethinking its business model. MediaX is exploring ways of monetizing the
technology it has developed, focusing on merger and acquisition activities, and
exploring ways to improve shareholder value. Last month, Nancy Poertner,
President, Secretary and Director, and Matthew MacLaurin, Executive Vice
President & Director, resigned to pursue other business opportunities. Both will
be available to consult to the company, if the company requests such services.
Richard O. Weed was appointed to the Board of Directors on May 4, 2001 and as
Secretary on May 5, 2001. Rainer Poertner has indicated that he may resign from
MediaX's board of directors, but Mr. Poertner will continue to consult to MediaX
for the development of the above mentioned activities.
MediaX has relocated its principal place of business to 4695 MacArthur Court,
Suite 1450, Newport Beach, California 92660. The telephone number remains
310.815.8002. Interested parties can send a fax to MediaX in care of Weed & Co.
L.P. at 949.475.9087. Weed & Co. L.P. has agreed to provide office space to
MediaX through September 30, 2001 in exchange for a warrant to purchase 500,000
shares of MediaX common stock at $1.00 per share. Richard O. Weed, a new
director of MediaX, is the general partner of Weed & Co. L.P.
The Board is studying the implementation of a reverse split of the common stock.
Any recommendation of the Board on this subject will be made to the stockholders
for action at a meeting or by written consent of the holders of a majority of
the outstanding shares entitled to vote.
SIGNATURES
Pursuant to the requirements of Section 12 of the Securities and Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Dated: May 18, 2001 MediaX Corporation
By: /s/ Rainer Poertner
------------------------
Name: Rainer Poertner
Title: Chairman