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
October 20, 2000
Date of Report (Date of Earliest Event Reported)
etravelserve.com, 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 N.E. 3rd Ave, Ste. 1100
Ft. Lauderdale, FL 33301
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(Address of principal executive offices) (Zip Code)
(561) 417-0688
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Registrant's telephone number, including area code
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
On October 20, 2000, Preferred Travel and Tours, Inc. a Florida
corporation ("Preferred"), a wholly owned subsidiary of J.R. Solutions, Inc., a
Delaware corporation ("JR"), which corporation is, in turn, a wholly owned
subsidiary of etravelserve.com, Inc., a Nevada corporation (the "Company"),
purchased all of the assets of Caribbean Concepts, Inc., a New York corporation,
("Caribbean"), pursuant to a Asset Purchase Agreement dated as of August 11,
2000 (the "Agreement") by and between Preferred and Caribbean and its
controlling principal.
Preferred acquired all of the Caribbean's assets for a total negotiated
price of $125,000, paid $7500 in cash and $50,000 in Company common stock,
valued as of October 19, 2000. The assets purchased in this transaction include
Caribbean's intangible property (goodwill, customer lists, telephone numbers,
trade names).
The funds required to pay for the assets purchased pursuant to the
Agreement were derived from the sale of $500,000 of debentures.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION
AND EXHIBITS.
(a.) FINANCIAL STATEMENTS OF BUSINESS ACQUIRED.
The Company has not had adequate time to have the financial
statements of Caribbean audited as of this date. The Company
will file an amendment to the Current Report on Form 8-K on or
before 60 days after November 4, 2000 in accordance with the
instructions to Form 8-K to include this information.
b. PRO FORMA FINANCIAL INFORMATION.
The Company will provide pro forma financial information with
the amendment to the Current Report on Form 8-K to be prepared
once the financial statements of Caribbean have been audited,
which amendment will be filed on or before 60 days after
November 4, 2000.
c. EXHIBITS.
1. Asset Purchase Agreement dated as of August 11, 2000
between Preferred and Caribbean Concepts, Inc.
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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: November 3, 2000 By: /s/ Paul R. Johnson
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Chief Executive Officer
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