-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, U2zEq8T4cY7WuG8fQOxcaRVCVbOyMOX3uDhGZuxDgMR2EYv7fRjRvlSQjcdSX5Le oWI4YyS1T7E9DPiiowfbDg== 0001020229-05-000045.txt : 20050826 0001020229-05-000045.hdr.sgml : 20050826 20050826111739 ACCESSION NUMBER: 0001020229-05-000045 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050820 ITEM INFORMATION: Termination of a Material Definitive Agreement FILED AS OF DATE: 20050826 DATE AS OF CHANGE: 20050826 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CCI GROUP INC CENTRAL INDEX KEY: 0001117034 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] IRS NUMBER: 870648148 STATE OF INCORPORATION: UT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-40954 FILM NUMBER: 051050628 BUSINESS ADDRESS: STREET 1: 405 PARK AVENUE STREET 2: 10TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212-421-1400 MAIL ADDRESS: STREET 1: 405 PARK AVENUE STREET 2: 10TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: CARIBBEAN CLUBS INTERNATIONAL INC DATE OF NAME CHANGE: 20030127 FORMER COMPANY: FORMER CONFORMED NAME: KINSHIP SYSTEMS INC DATE OF NAME CHANGE: 20000622 8-K 1 stjamessagreementtermination.htm UNITED STATES

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) August 20, 2005


CCI Group, Inc.

(Exact name of Registrant as specified in charter)




Utah                   333-40954                87-0648148

(State or other jurisdiction    (Commission              (I.R.S. Employer

of incorporation)           File Number)             Identification No.)


405 Park Avenue, 10th Floor, New York, New York              10022

(Address of principal executive offices)                 (Zip code)



Registrant's telephone number, including area code: 212-421-1400.




 (Former name or former address, if changed, since last report)




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Item 1.02. Termination of a Material Definitive Agreement.


   On June 2, 2005, we entered into a Stock Purchase Agreement with an unaffiliated third party to acquire all the issued and outstanding shares of two companies which, through a subsidiary wholly owned by the two entities, own and operate a resort located in Antigua, West Indies, known as the St. James Club, Antigua. The purchase price for the transaction was $31,000,000, of which $27,000,000 was payable at closing with the balance payable under a promissory note in favor of the seller. We were unable to effect a closing of the transaction, and effective August 20, 2005, the Stock Purchase Agreement was terminated by the seller. As of this date, we are continuing to negotiate with the seller and certain lenders in an effort to close the transaction. We can not predict whether we will be successful in our efforts.


   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 thereunto duly authorized.




                                                         CCI Group, Inc.


Date: August 24, 2005                 

                                                    /s/ Fred W. Jackson, Jr.

                                                    Fred W. Jackson, Jr.

                                                    President





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