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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
May 16, 2003 Date of Report
(Date of earliest event reported):
E-TRAVEL NETWORK, INC.
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(Exact name of registrant as specified in this charter)
FLORIDA 0-50057 59-1019723
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(State or other jurisdiction (Commission (IRS Employer
of incorporation File Number) Identification No.)
14790 SW 21st Street, Davie, FL 33325
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(Address and Zip Code of Principal Executive Offices)
Issuer's Telephone Number: (954) 472-7971
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Item 1. Changes in control of registrant.
On May 16, 2003 Susan Parker agreed to sell her 20,000,000 shares of
common stock as follows:
NAME NUMBER OF SHARES PERCENTAGE OWNED
Theodore Molinari 19,380,000 87.79%
John Raby 120,000 0.54%
Michael Rauch 250,000 1.13%
Richard Colletta 250,000 1.13%
Prior to and after the sale of Ms. Parker's stock, the Company has
22,076,200 shares issued and outstanding. In addition, effective May 27, 2003,
the following will be appointed as our new officers and directors and Ms. Parker
will resign as an officer and director of the Company:.
J. Edward Houston Director, Chairman of the Board, /President
Michael W. Rauch Director
Richard Colletta CFO and Secretary
J. Edward Houston is a partner in the law firm of Houston & Shahady,
P.A. and has practiced law for forty years and served six years as a United
States Bankruptcy Judge. He was President, CEO and a Director of Barnett Bank of
South Florida for six years; Chairman of the Board, President and CEO of South
Florida Savings & Loan for two years; Chairman of the Board, President and CEO
of Old Dominion Insurance Co., Property and Casualty Issuer, for five years.
More recently, Mr. Houston was President and CEO of Port Dania, Inc. and Savoy
Shipping Company. He has been a member of the Board of Directors of Avatar
Holdings, Inc., Barnett Leasing Company, Barnett Bank Trust Company and Great
American Bank. Mr. Houston holds degrees from Stetson University and Stetson
College of Law and has lived in the Fort Lauderdale area for the past sixty
years.
Michael Rauch is a Managing Partner and Sr. Vice President of Rauch,
Weaver, Norfleet, Kurtz & Co., a real estate brokerage, leasing and development
business based in Ft. Lauderdale, FL. His duties for this firm, with $250
million in sales managing 2.5 million square feet of commercial real estate,
include day-to-day management of 52 professionals in the brokerage, marketing,
personnel and financial aspects of the company's operations. Prior to that he
was Vice President of Marketing for Boca Research, a south Florida technology
manufacturer, where he was heavily involved in taking the company public during
1993. From 1988 to 1990 he was Director of Consulting Services for Bolt, Beranek
& Newman, a Cambridge based technology "think-tank' and consulting firm where he
managed two operating divisions with over 70 employees. Prior to this position,
Mr. Rauch held various positions in space systems engineering which included
contributions in the fields of communication systems design, software systems
design and consulting services, including the NASA Viking I/II space exploration
programs. Mr. Rauch is a licensed real estate broker and has served on the
boards of numerous
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professional and municipal organizations, including the Southeast Florida
Society of Commercial Realtors. Mr. Rauch obtained his MBA in Finance from
Northeastern University in 1988 and his BS Engineering/Physics from the
University of South Florida in 1978.
Richard Colletta brings over 19 years of CFO experience including
extensive SEC reporting, capital raising, M&A and cash-flow management. Most
recently Mr. Colletta was the Vice President and CFO of DCT, Inc. a $200 million
automotive systems and components company. He also was the CFO of three public
companies including Automotive Industries Holdings and Titan Wheel
International, a $550 million company, which went public during his term there.
Mr. Colletta was also the CFO of CPC-Rexcel, a plastics packaging LBO, acquired
from the International Paper Company. Prior to those positions Mr. Colletta
spent seven years at International Paper in several different financial and
operational roles. Mr. Colletta received his MBA, Finance and Accounting, from
the University of Michigan, 1976, and a BS in Business Administration from
Duquesne University in 1974. He received his Certificate in Management
Accounting in 1978.
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
Not applicable.
ITEM 3. BANKRUPTCY OR RECEIVERSHIP.
Not applicable.
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
Not Applicable
ITEM 5. OTHER EVENTS.
Effective May 16, 2003, the Company changed its name to Hillsboro
Group, Inc. and changed the location of its principal office to 2436 N. Federal
Highway, Lighthouse Point, FL 33064. The information contained herein is being
furnished to our shareholders pursuant to Rule 14(f) and a copy of this 8-K is
being mailed to all shareholders of record.
ITEM 6. RESIGNATION OF REGISTRANT'S DIRECTORS.
Not Applicable
ITEM 7. FINANCIAL STATEMENT AND EXHIBITS.
Not applicable
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 report to be signed on its behalf by the
undersigned hereunto duly authorized.
E-Travel Network, Inc.
(Registrant)
By: /S/ Susan Parker
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Susan Parker, President
Dated: May 16, 2003.
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