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): July 11, 2007
MY QUOTE ZONE, INC.
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(Name of Small Business Issuer in its Charter)
Nevada 000-51224 56-2504276
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(State of Incorporation) (Commission File Number) (IRS Employer
Identification No.)
6130 Elton Avenue, Las Vegas, NV 89107
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(Address of principal executive officers, including Zip Code)
(702) 874-3131
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(Issuer's Telephone Number)
Not Applicable
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(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 (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))
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Item 1.02 Termination of a Material Definitive Agreement
My Quote Zone, Inc. (the "Company") issued a total of 2,120,004 shares of
common stock to Viadimir Calmic, James H. Clayton, Serghei Croitor, Alexandr
Pogodin, Ion Rosca, Nicolae Subeichin, Eduard Tabara, Dumirtu Todica and
Keyway Internet Services on March 9, 2006, in consideration of their services
and use of their software platforms to the Registrant.
Subsequent to the issuance of these shares, the Company reached a mutually
agreeable understanding with the aforementioned shareholders to return all of
their 2,120,004 shares of common stock to the Company, and the Company has
ceased using the software platforms and services of these shareholders.
On July 11, 2007, the original certificates representing 2,120,004 shares
were returned and cancelled by the transfer agent.
With the loss of these software platforms, management expects the Company's
operations will be impaired. These software platforms were responsible for
enabling the Company to conduct its business operations. Unless the Company
can replace these software platforms, management will be unable to conduct
its regular business operations and expects to lose business. Management is
seeking replacement software platforms, and is seeking other business
opportunities.
Therefore, management is currently assessing various business strategies.
The analysis of new business opportunities and strategies will be undertaken
by or under the supervision of Mark Theis, the Company's Director. In
analyzing prospective businesses opportunities, Mr. Theis will consider,
to the extent applicable, the available technical, financial and
managerial resources of any given business venture. Management will
also consider the nature of present and expected competition; potential
advances in research and development; the potential for growth and
expansion; the likelihood of sustaining a profit within given time
frames; the perceived public recognition or acceptance of products,
services, trade or service marks; name identification; and other
relevant factors.
Management anticipates that the results of operations of a specific business
venture may not necessarily be indicative of the potential for future
earnings, which may be impacted by a change in marketing strategies, business
expansion, modifying product emphasis, changing or substantially augmenting
management, and other factors.
Item 5.02 Departure of Directors or Principal Officers; Election of
Directors; Appointment of Principal Officers
On July 11, 2007, the Registrant accepted the resignation of Eduard Tabara as
President of the Company. Upon his resignation, Mr. Tabara cancelled his
720,000 common shares, which represented 2% of the Company. These shares
were returned to the corporate treasury.
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The officers of the Company are appointed by the Board of Directors. Mr.
Mark Theis, Director, will serve as Acting President, until which time a
replacement President can be identified.
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.
My Quote Zone, Inc.
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Registrant
By: /s/ Mark Theis
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Name: Mark Theis
Title: Director
Dated: July 11, 2007
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