UNITED STATES SECURITIES
AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
CURRENT REPORT
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-
16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
FOR AUGUST 16, 2002
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INSIDE HOLDINGS INC.
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(Translation of registrant's name into English)
Suite 1260, 609 Granville Street, Vancouver, B.C., Canada
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(Address of principal executive offices)
[Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.]
Form 20-F X Form 40-F
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[Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.]
Yes No X
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If "Yes" is marked, indicate below the file number assigned to the
registrant In connection with Rule 12g3-2(b):
Inside Holdings Inc. held its AGM on August 12, 2002. During the meeting, six
directors were appointed to the board including the three incumbent directors:
Kevin Winter, Eric Collins, and Richard King, and three new persons: Tracy A.
Moore, Malcolm P. Burke and Betty Anne Loy.
Copy of the News Release is attached hereto and filed as Exhibit 1 to this
filing on Form 6-K.
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, thereunto duly authorized.
INSIDE HOLDINGS INC.
By: "Malcolm P. Burke"
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Name: Malcolm P. Burke
Title: Director
Date: August 16, 2002
Exhibit 1
News Release
August 16, 2002
INSIDE HOLDINGS INC. APPOINTS NEW DIRECTORS AND OFFICERS
VANCOUVER, CANADA - AUGUST 16, 2002 - INSIDE HOLDINGS INC. (the "Company" or
"Inside") (OTC BB: IHLGF), held its AGM on August 12, 2002. During the meeting,
six directors were appointed to the board including the three incumbent
directors: Kevin Winter, Eric Collins, and Richard King, and three new persons:
Tracy A. Moore, Malcolm P. Burke and Betty Anne Loy.
Tracy A. Moore has owned, operated and consulted to a diverse range of
Businesses in all stages of development in over 15 countries. In 1990, he
founded and continues to serve as president of MCSI Consulting Group, a
Vancouver, BC-based firm specializing in corporate finance matters, strategic
planning and business planning services where he oversees overall client contact
and relations, project management, planning and quality control. In addition to
his consulting practice, he has owned and operated a variety of businesses. From
1976 to 1990, Mr. Moore worked with three international chartered accountant and
consulting firms in the areas of audit, taxation, reorganization and general
consulting. Mr. Moore qualified as a (Canadian) Chartered Accountant in 1979
after earning his Bachelor of Commerce degree from the University of British
Columbia in 1976. He serves on boards of directors and advises boards on
corporate finance matters, business planning issues, mergers, acquisitions and
divestitures. The public companies with which Mr. Moore has held a directorship
role over the past five years include Avance Venture Corp. (October 2000 to May
2002), King Communications International Inc. (June to December 2000 and April
1996 to March 1999), and Illusion Systems Inc. (September 2000 to present)
Malcolm P. Burke was employed as a real estate investment broker and stockholder
of Royal LePage Realty Corp., Canada's largest real estate brokerage firm, from
1969 until 1980. There, he managed the investment division of Royal Le Page
Western Ltd., specializing in the acquisition and syndication of investment
properties in Canada and United States on behalf of an international clientele.
In 1980, Mr. Burke founded Primary Ventures Corp. to specialize in investments,
acquisition and the financing of promising early stage and start up ventures in
the natural resource, oil and gas, aquaculture and technology fields. To date,
the Primary Group has raised in excess of $120 million for client companies.
Mr. Burke has served as a director with a number of public companies listed on
the TSX, NASDAQ and American Stock Exchange.
Betty Anne Loy has more than twelve years experience in corporate administration
of Canadian and U.S. public companies including responsibility for statutory
compliance and regulatory filings and managing all aspects of corporate and
shareholder communications. She has been associated with Primary Ventures Corp.
since 1986.
About Inside Holdings Inc.
In May 2002, the Company entered into a letter of intent to acquire all of the
issued and outstanding shares of SHEP Limited and its two wholly owned
subsidiaries. The letter of intent was amended in June 2002 contemplating, in
part, a late August 2002 closing. Due diligence is continuing and therefore
there can be no assurance that the contemplated transaction will close.
About SHEP Limited
SHEP Limited is a corporation based in the British Isles with operating
subsidiaries in the United States. SHEP Limited has designed and developed
proprietary energy technology for application in the global automotive sector,
and anticipates licensing its "Stored Hydraulic Energy Propulsion" ("SHEP") to
Tier One automotive manufacturers and automotive suppliers. Hydraulic
propulsion is being embraced by Original Equipment Manufacturers ("OEMs") in the
automotive industry. In particular, Ford Motor Company's own system, known as
Hydraulic Launch Assist ("HLA"), incorporates SHEP components as an integral
part of Ford's HLA-equipped development vehicles, which are currently undergoing
"Implementation Ready" testing.
Optimal use of SHEP technology is in high-density urban traffic environment
where acceleration and braking cycles are frequent - accordingly, commercial
vehicles including buses, trucks, taxis and subway systems are ideal
applications.
ON BEHALF OF THE BOARD OF DIRECTORS
"Malcolm P. Burke"
Malcolm P. Burke, Director
Statements about the Company's future expectations, including future revenues
and earnings, and all other statements in this press release other than
historical facts, are "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of
1934, as that term is defined in the Private Securities Litigation Reform Act of
1995. The Company intends that such forward-looking statements be subject to
the safe harbors created thereby. Since these statements involve risks and
uncertainties and are subject to change at any time, the Company's actual
results could differ materially from expected results.