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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 Event Requiring Report: October 5, 2001
LEGAL ACCESS TECHNOLOGIES, INC.
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(Exact name of registrant as specified in its charter)
Nevada 000-19457 87-0473323
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(State of Incorporation) (Commission (IRS Employer
File Number) Identification #)
2300 West Sahara Avenue, Suite 500, Las Vegas, NV 89102
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(Address of Principal Executive Offices)
(702) 949-6115
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(Registrant's telephone number, including area code)
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ITEM 1. CHANGES IN CONTROL OF REGISTRANT
Not applicable.
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
On October 5, 2001, we signed and consummated an "Asset Purchase
Agreement" with Horizon Mental Health Management, Inc. in which
we assigned to Horizon all of our rights to the hospital
management contracts held by our wholly owned subsidiary,
Perspectives Health Management Corporation for Two Million, Nine
Hundred Thousand Dollars ($2,900,000). This action was
consistent with our long-term goal of selling Perspectives in
order to focus on our core business of providing web based
technology and unbundled legal services to legal aids, bar
associations, courts and the general public. The agreement was
made retroactively effective beginning October 1, 2001.
At the same time, we entered into a letter agreement with Horizon
to handle the collection of our over $5,800,000 in outstanding
receivables as of October 1, 2001. This agreement is for 3 years
and Horizon will be entitled to 50% of any accounts actually
collected during this time. Horizon has further agreed to pay
all costs of collection from its portion of the proceeds. We now
expect to proceed with an orderly shut down of all remaining
operations of Perspectives.
ITEM 3. BANKRUPTCY OR RECEIVERSHIP
Not applicable.
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
Not applicable.
ITEM 5. OTHER EVENTS
Not applicable.
ITEM 6. RESIGNATIONS OF DIRECTORS AND EXECUTIVE OFFICERS
Not Applicable.
ITEM 7. FINANCIAL STATEMENTS & Exhibits
Exhibit 10.1: Asset Purchase Agreement with Horizon
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ITEM 8. CHANGE IN FISCAL YEAR
Not Applicable.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this Current Report on Form
8-K to be signed on its behalf by the undersigned hereunto duly
authorized.
LEGAL ACCESS TECHNOLOGIES, INC.
By: /s/ Michael Cane
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Date: October 5, 2001 MICHAEL A. CANE
President, Secretary &
Director
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