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 21, 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 Share Exchange Agreement, dated June 17, 2005, by
and among the Company, CSI Business Finance, Inc. a Texas corporation ("CSI")
and the shareholders of CSI (the "CSI Shareholders"). Pursuant to the Share
Exchange Agreement, the CSI Shareholders exchanged with, and delivered to, the
Company the issued and outstanding common stock of CSI in exchange for 100,000
shares of Series A Convertible Preferred Stock, par value $0.01 per share, of
the Company (the "Health Express Series A Preferred Stock"). Each share of the
Health Express Series A Preferred Stock is convertible into 19,500 shares of
common stock of the Company. The shareholders transferred and exchanged the CSI
Common Stock for the Health Express Series A Preferred Stock so that effectively
after the conversion of the preferred stock, shares of common stock issued upon
conversion of the preferred stock shall equal Ninety-Seven and One Half percent
(97.5%) of the issued and outstanding shares of common stock of Health Express.
As a result of the Share Exchange Agreement, CSI will become a wholly-owned
subsidiary of the Company.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
Exhibit Description
Exhibit 99.1 Share Exchange Agreement, dated June 17, 2005, by and among the Provided herewith
Health Express USA, Inc., CSI Business Finance, Inc. and the
shareholders of CSI Business Finance, 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 hereunto duly authorized.
HEALTH EXPRESS USA, INC.
Date: June 20, 2005 By: /s/ Douglas Baker
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Name: Douglas Baker
Its: Chief Executive Officer
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