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
August 23, 2000
Date of Report (Date of Earliest Event Reported)
etravelserve.com, Inc.
(Formerly Revenge Marine, Inc.)
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(Exact Name of Registrant as Specified in its Charter)
000-25003 Nevada 36-3051776
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(Commission (State or Other (IRS Employer
File Number) Jurisdiction of Indentification
Incorporation) Number)
c/o EMO Corporate Services
100 NE 3rd Ave, Ste. 1100
Ft. Lauderdale, FL 33301
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(Address of principal executive offices) (Zip Code)
(561) 417-0688
Registrant's telephone number, including area code
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
On August 23, 2000, etravelserve's (the "Company") wholly owned
subsidiary, Preferred Travel & Tours, Inc., a Florida corporation ("Preferred"),
purchased essentially all of the assets of Journeys Unlimited on the Concourse,
Inc., a Florida corporation ("Journeys Unlimited"), pursuant to an Asset
Purchase Agreement dated as of August 23, 2000 (the "Agreement") by and among
Journeys Unlimited, Angela Roughton, the controlling principal of Journeys
Unlimited ("Roughton"), and Preferred.
Preferred acquired all of the assets which Journeys Unlimited utilized
in its business as a travel agency. The purchase price for those assets was
$60,000 which was payable $40,000 in cash and $20,000 in stock of the Company
valued as of August 22, 2000. A description of the assets acquired include
ticket stock, merchandise, and other tangible personal property located on the
business premises of Journeys Unlimited (including various office equipment
items, computers and leasehold improvements), and the goodwill, trade names,
customer lists and other intangible property previously used by Journeys
Unlimited in its travel agency business.
The funds required to pay for the assets purchased pursuant to the
Agreement were derived from the Company's cash reserves. The purchase price for
the assets was ascertained by the Company through an assessment of their fair
market value as of the time of the Agreement.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION
AND EXHIBITS.
(a) FINANCIAL STATEMENTS OF BUSINESS ACQUIRED.
Pursuant to Rule 3-05(b)(2)(i) of Regulation S-X, none of the
conditions specified in Rule 1-02(w) exceeds 20% and,
therefore, financial statements are not required.
(b) PRO FORMA FINANCIAL INFORMATION.
None required consistent with Item 7.(a) above and pursuant to
the General Instructions to Form 8-K, Item 7. (b).
(c) EXHIBITS.
1. Asset Purchase Agreement dated as of August 23, 2000
between Preferred, Journeys Unlimited and Roughton.
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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 hereto duly authorized.
ETRAVELSERVE.COM, INC..
Date: September 20, 2000 By: /s/ Paul R. Johnson
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Chief Executive Officer
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