SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) December 30, 2004
SUPCOR, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-50913 52-2175898
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(State of Incorporation) (Commission (IRS Employer
File Number) Identification No.)
515 Madison Avenue - Suite 2100
New York, NY 10022
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(Address of principal executive offices)
Registrant's telephone number, including area code (212) 755-3636
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(Former Name or Former Address if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions.
[_] Written communications pursuant to Rule 425 under the Securities Act (17
CFR240.14d-2(b))
[_] Soliciting material pursuant to Rule 14a-12 under Exchange Act (17
CFR240.14a-12)
[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR240.14d-2(b))
[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR240.13e-4(c))
Item 2.01. Completion of Acquisition or Disposition of Assets.
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On December 12, 2004, Supcor, Inc. , a Delaware Corporation (the "Company")
entered into an exchange Agreement (the "Acquisition Agreement") with all of the
stockholders (the "Stockholders") of Beijing Tenet-Jove Technological
Development Corp., Ltd., a Peoples Republic of China corporation ("Tenet-Jove").
On December 30, 2004, (the "Closing Date"), pursuant to the terms of the
Acquisition Agreement, the Company acquired all of the issued and outstanding
capital stock of Tenet-Jove from the Tenet-Jove stockholders in exchange for an
aggregate of newly issued shares of the Company's Common Stock (the
"Acquisition"). From and after the Closing Date the only operation of Tenet-Jove
will be the only operation of the Company. Following is Disclosure regarding
Tenet-Jove.
Tenet-Jove develops, manufactures and distributes specialized fabric products
designed to incorporate traditional Eastern medicines with modern scientific
developed health products predicated on well established Eastern herbal
remedies.
Tenet-Jove owns and operates a chain of stores throughout China. The Company
also franchises products to regional and local distributors and store owners.
The Company maintains and operates a factory for the production of its product,
but however, does subcontract the manufacture of some of the fabric.
The Company refers to its technology as "Infrared." The working of the product
is analogous to a nicotine patch in that the clothes manufactured with the
Company's fabrics are impregnated with the product which is then absorbed
through the wearer's skin.
Item 9.01. Financial Statements and Exhibits
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(a) Financial Statements for Business Acquired.
The financial statement required by this item will be filed by amendment to
this report no later than 71 calendar days after the date that the report
becomes due.
(c) Exhibits
Exhibit 2 Stock Purchase Agreement between the Issuer, Tenet-Jove
Technological Development Corp. Ltd. (Tenet-Jove) and Tenet-Jove
Shareholders.
SIGNATURES
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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.
Supcor Inc.
Date: March 7, 2005
By: /s/ Yuying Zhang
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Yuying Zhang, CEO