SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) of the
SECURITIES EXCHANGE ACT OF 1934
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Date of Report: June 17, 2005
Health Express USA, Inc.
(Exact Name of Registrant as Specified in Charter)
Florida 02-27569 65-0847995
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1761 West Hillsboro Blvd., Suite 203
Deerfield Beach, Florida 33442
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (954) 570-5900
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ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
Health Express USA, Inc., a Florida corporation ("Health Express" or
the "Company") entered into a Settlement Agreement with Mutual Releases (the
"Settlement Agreement"), dated June 15, 2005, by and among the Company, Health
Express Franchise Company ("Health Franchise"), The Myrick Corp. ("Myrick"), The
Junie Corp. ("Junie") and Susan Greenfield ("Greenfield"). Pursuant to the
Settlement Agreement, Health Franchise, Junie and Greenfield agreed to terminate
all the obligations due and owning under the Junie Franchise Agreement, by and
between Health Franchise and Junie (the "Junie Franchise Agreement"), dated as
of February 14, 2003, and to mutually release one another from any liability in
connection with the matters set forth in the Settlement Agreement and the Junie
Franchise Agreement. Additionally, Health Franchise, Myrick and Greenfield
agreed to terminate all the obligations due and owning under the Myrick
Franchise Agreement, by and between Health Franchise and Myrick (the "Myrick
Franchise Agreement"), dated as of September 30, 2003, and to mutually release
one another from any liability in connection with the matters set forth in the
Settlement Agreement and the Myrick Franchise Agreement. Health Express and
Greenfield also agreed to terminate a 5.5% Promissory Note issued to Greenfield
on December 27, 2003 in the amount of $171,660. Pursuant to the provisions of
the Settlement Agreement, Health Express transferred its 100% ownership interest
in Health Franchise to Greenfield.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
Exhibit Description
Exhibit 10.1 Settlement Agreement with Mutual Releases, dated Provided herewith
June 15, 2005, by and among the Health Express USA, Inc.,
Health Express Franchise Company, The Myrick Corp., The
Junie Corp. and Susan Greenfield
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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.
HEALTH EXPRESS USA, INC.
Date: June 17, 2005 By: /s/ Douglas Baker
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Name: Douglas Baker
Its: Chief Executive Officer
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