UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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 event reported) April 17, 2012
PAPERWORKS, INC.
(Exact name of registrant as specified in its charter)
Nevada 000-53910
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
9817 N. 95th St., #105 Scottsdale, Arizona 85258
(Address of principal executive offices) (Zip Code)
1-800-854-0654
(Registrant's telephone number, including area code)
2963 Rose Lane, Phoenix, Arizona 85016
(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 CFR
230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
ITEM 7.01 REGULATION FD DISCLOSURE
Further to our negotiations with Data Pangea, LLC for an acquisition or business
combination, on April 17, 2012, we entered into a letter of intent with Data
Pangea, LLC pursuant to which we have agreed to enter into a definitive
agreement for the acquisition of all of the issued and outstanding membership
interests of Data Pangea, LLC (the "Transaction").
The consideration for the acquisition of the membership interests of Data
Pangea, LLC is payable by the issuance of 3,000,000 restricted shares of our
common stock to the Data Pangea, LLC members. The Transaction is subject to
completion of a definitive agreement.
Data Pangea, doing business as VuMee, allows people with social networks
("Celebrities") the ability to generate revenue by doing that which they are
already doing, uploading non-exclusive and exclusive content to YouTube,
Facebook and Twitter. The ability for the Celebrities to share in the
advertising revenues results in revenue for the Celebrities. The VuMee platform
allows Celebrities to grow their brand organically and by way of the
cross-pollination of VuMee's cumulative celebrity fan base. VuMee has developed
its business model through a unique technology that harnesses the global power
of existing social networks, by providing a way to monetize Celebrities' friends
and fans. The VuMee core product is the ability for anyone or any brand with a
fan base, to upload video via the VuMee App on their mobile device or PC, and
seamlessly share that content with their fan base thereby providing targeted
demographics to advertisers. The VuMee technology (cross-pollinization) allows
for any celebrity to reach the cumulative fan base of VuMee. Content providers
consist of anyone (celebrities, athletes, artists, politicians, motivational
speakers, religious leaders, etc.), with an already existing social network or
fan base seeking additional revenue opportunities. By targeting the social
demographic of Celebrities, VuMee can offer advertisers highly profiled
demographics. The revenue to VuMee is dependent on the amount of the sponsored
ad campaign and will vary per campaign and per celebrity. VuMee constantly
collects consumer data based on viewership. This data engine becomes a powerful
and targeted CRM and research tool which allows advertisers more effective and
efficient targeting opportunities which drives higher product spending, brand
loyalty, propensity to recommend, brand affinity and earned media value per fan.
The foregoing description of the letter of intent is qualified in its entirety
by the contents of the letter of intent attached as Exhibit 99.1 to this current
report.
ITEM 9.01 EXHIBITS
99.1 Letter of Intent with Data Pangea, LLC Limited, dated April 17, 2012.
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.
PAPERWORKS, INC.
/s/ Rhoda Rizkalla
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Rhoda Rizkalla
Director, President, Principal Executive
Officer Principal Financial Officer and
Principal Accounting Officer
Date: April 18, 2012