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 18, 2006
CYTATION CORPORATION
(Exact Name of Registrant as Specified in its Charter)
DELAWARE 00114800 16-0961436
(State of Incorporation) (Commission File Number) (IRS Employer
Identification Number)
4902 EISENHOWER BLVD., SUITE 185, TAMPA, FL 33634
(Address of Principal Executive Offices) (Zip Code)
(813) 885-5998
(Registrant's Telephone Number, Including Area Code)
_______________________________________________
(Former name or former address, if changed since last report)
Check the appropriate box below of the Form 8-K if the filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General instruction A.2. below):
[ ] 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)).
Unless otherwise indicated or the context otherwise requires, all
references below in this Report on Form 8-K to "we," "us" and the "Company" are
to Cytation Corporation, a Delaware corporation, together with its wholly-owned
subsidiaries, DeerValley Acquisitions Corp., a Florida corporation, and Deer
Valley Homebuilders, Inc., an Alabama corporation. Specific discussions or
comments relating to Cytation Corporation will reference the "Company," those
relating to DeerValley Acquisitions Corp. will reference "DVA", and those
relating to Deer Valley Homebuilders, Inc. will be referred to as "Deer Valley."
ITEM 2.01 COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS.
On April 18, 2006, pursuant to the Sales Contract, the form of which is
attached hereto as Exhibit 10.01, Deer Valley Homebuilders, Inc. ("Deer
Valley"), an indirectly wholly-owned subsidiary of Cytation Corporation,
purchased real property located at 7668 Highway 278 in Sulligent, Alabama (the
"Sulligent Property") from Steve J. Logan. The Sulligent Property consists of a
65,992 square foot manufacturing plant located on approximately 13 acres of
land. The purchase price for the Sulligent Property was $725,000, subdivided as
follows. Deer Valley assumed Mr. Logan's mortgage of approximately $610,000 and
will pay the remaining $115,000 to Mr. Logan in equal monthly payments of $5,000
for twenty-three months. Deer Valley obtained the funds for the purchase price
of the Sulligent Property from its revolving line of credit described in
Cytation Corporation's report on Form 8-K, filed with the SEC on April 18, 2006.
Steven J. Logan is the father of Deer Valley's President and General
Manager, Joel Logan. The Sales Contract was approved by the disinterested
members of Deer Valley's Board of Directors and the Chief Executive Officer of
Cytation Corporation.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
The following exhibit is filed with this Form 8-K:
EXHIBIT NO. DESCRIPTION
- ----------- ------------
10.01 Sales Contract for Sulligent Property
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.
CYTATION CORPORATION
By: /s/ Charles G. Masters
------------------------------------
Name: Charles G. Masters
------------------------------------
Title: President, Chief Executive Officer
------------------------------------
Dated: April 24, 2006