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) August 30, 1999
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RMI.NET, Inc.
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(Exact name of Registrant as specified in charter)
Delaware
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(State or other jurisdiction of incorporation)
001-12063 84-1322326
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(Commission File Number) (IRS Employee Identification No.)
999 Eighteenth Street, Suite 2201, Denver Colorado 80202
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (303) 672-0700
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Not Applicable
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(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS.
The Registrant recently acquired the high-end web hosting and dedicated
access service assets of Novo Media Group, Inc., a California corporation
headquartered in San Francisco, California. The Registrant agreed to pay
approximately $1,455,000, payable in the form of 174,001 shares of common stock.
The consideration that the Registrant agreed to pay was determined through arm's
length negotiation. There was no material relationship between the Registrant
and Novo Media Group, Inc. prior to the acquisition. The Registrant intends to
use the assets acquired in the same manner that Novo Media Group, Inc. utilized
the assets.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Not required.
(b) Not required.
(c) Exhibits:
Exhibit
Number Description
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10.1 Asset Purchase Agreement by and among RMI.NET,
Inc. Novo Media Group, Inc. and Anthony
Westreich, Kelly Rodriques, Harry Schlough,
And Jason Oliver dated as of August 30, 1999
20.1 News Release dated September 7, 1999
announcing the acquisition of high-end web
hosting and dedicated access service assets
of Novo Media Group, Inc.
SIGNATURE
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.
RMI.NET, Inc.
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(Registrant)
Date: September 14, 1999 By: /s/ CHRISTOPHER J. MELCHER
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Christopher J. Melcher
Vice President, General Counsel
and Corporate Secretary