SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest reported): September 28, 2006
Organetix, Inc.
(Exact Name of Registrant as Specified in Its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
000-29462 73-1556428
(Commission File Number) (IRS Employer Identification No.)
9974 Huntington Park Drive
Strongsville, Ohio 44136
(Address of Principal Executive Offices)(Zip Code)
440 759 7470
(Registrant's Telephone Number, Including Area Code)
Item 1.01 Entry into a Material Definitive Agreement
On September 26, 2006, Organetix, Inc. ("Company") entered into a letter of
intent with Volius, Inc. ("Volius") to acquire all of Volius' assets in exchange
for 50.5% of the company's shares of common stock or approximately 63,511,270
shares ("Merger"). Contemporaneous with the effectiveness of the merger, the
Company shall raise between $4 and $6 million dollars to fund the operations of
the newly merged company on mutually agreeable terms. The effectiveness of the
Merger is subject to the completion of definitive merger documents and other
conditions including the financing referenced above. The Company anticipates
completing such merger within the next 180 days.
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.
Organetix, Inc.
Date: September 28, 2006
/s/ Dr. David F. Hostelley
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Dr. David F. Hostelley
President