-----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, O6x0lJ1sBCDvE/V9WvMSW3hfLQcndqXHNkj4+zZIYiI0ClWYAVafCt+V2GIVB30u E+TulK+IuV+SA2ppaSSbTw== 0001078782-05-000149.txt : 20050429 0001078782-05-000149.hdr.sgml : 20050429 20050428175516 ACCESSION NUMBER: 0001078782-05-000149 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050428 ITEM INFORMATION: Completion of Acquisition or Disposition of Assets FILED AS OF DATE: 20050429 DATE AS OF CHANGE: 20050428 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ELECTRIC AQUAGENICS UNLIMITED INC CENTRAL INDEX KEY: 0001170816 STANDARD INDUSTRIAL CLASSIFICATION: SPECIALTY CLEANING, POLISHING AND SANITATION PREPARATIONS [2842] IRS NUMBER: 870654478 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-86830 FILM NUMBER: 05781985 8-K 1 eau8k042805.htm CURRENT REPORT ON FORM 8-K DATED APRIL 28, 2005 Item 1




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: April 22, 2005

(Date of earliest event reported)


______________________________


Electric Aquagenics Unlimited, Inc.

(Exact name of registrant as specified in its charter)



               UTAH

333-86830

       87-0654478

        (State or other jurisdiction of

    Commission File Number

     (I.R.S. Employer

        incorporation)

               

               

         

     Identification Number)


     

1464 West 40 South, Suite 200

 

      

     

             Lindon, Utah

84042

    


        (Address of principal executive offices)

          (Zip Code)



Registrant's telephone number, including area code:  (801) 443-1031



  N/A

(Former Name or Former Address, if Changed Since Last Report)


  ________________________________________________________________________ 





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Item 2.01

Completion of Acquisition or Disposition of Assets.


On April 22, 2005, the Company sold 359,000 shares of common stock (the “Shares”) in Biofilm Strategies Corporation, a privately held Delaware corporation (“Biofilm”), to an unrelated third party for a total consideration of $718,000, which was paid in cash at the closing.  The Shares represented thirty percent (30%) of the total issued and outstanding capital stock of Biofilm, and were acquired by the Company in increments between April 2004 and January 2005 for total cash consideration of $359,000.  The sale resulted in a gain to the Company of $359,000.  The reason for the sale was that the Board of Directors of the Company determined that the business of Biofilm no longer fit into the Company’s strategic plans.



SIGNATURES

  

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

  

 

ELECTRIC AQUAGENICS UNLIMTED, Inc.


Date: April 28, 2005   

By: /s/ Gaylord M. Karren

      

Name: Gaylord M. Karren

      

Title: Chief Executive Officer



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