0001079973-13-000018.txt : 20130110 0001079973-13-000018.hdr.sgml : 20130110 20130110152559 ACCESSION NUMBER: 0001079973-13-000018 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20130110 ITEM INFORMATION: Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review FILED AS OF DATE: 20130110 DATE AS OF CHANGE: 20130110 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Service Team Inc. CENTRAL INDEX KEY: 0001535635 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS REPAIR SERVICES [7600] IRS NUMBER: 611653214 STATE OF INCORPORATION: NV FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-178210 FILM NUMBER: 13522791 BUSINESS ADDRESS: STREET 1: 7121 ENGINEER ROAD CITY: SAN DIEGO STATE: CA ZIP: 92111 BUSINESS PHONE: 855-830-8111 MAIL ADDRESS: STREET 1: 7121 ENGINEER ROAD CITY: SAN DIEGO STATE: CA ZIP: 92111 8-K 1 svtm_8k.htm FORM 8-K svtm_8k.htm
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):    January 10, 2013
 
Service Team Inc.
 (Exact name of registrant as specified in its charter)
 
Nevada
(State or other jurisdiction of incorporation or organization)
     
333-178210
(Commission File Number)
  
61-1653214
 (IRS Employer Identification Number)

#7121 Engineer Road, San Diego, California 92111
Address of principal executive offices)
 
(855) 830-8111
(Registrant’s telephone number, including area code)
 
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:
 
o
  
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
     
o
  
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
     
o
  
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
     
o
  
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 

 

 
 
 


Item 4.02 Non Reliance on Previously Issued Financial Statements or a Related Audit Report or a Completed Interim Review

On January 10, 2013, the Board of Directors concluded that the Company’s financial statements for the fiscal year ended August 31, 2012 should not be relied upon due to our offer of rescission to certain private placement shareholders of their private placement purchases.  These private placements of our shares after the initial filing date of our S-1 Registration (11/27/11) placed the legal basis for offering the private placement shares into question.  Our rescission offer covers twenty five shareholders for a total of 541,000 shares originally sold for $54,100.  As a result will reduce our paid in capital by the amount of the rescission offered and record a contingent liability for the rescission for the same amount.

The board of directors has discussed the disclosure of this matter with the Company’s independent auditors.
 
 
 
 
SIGNATURES
 
Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
 
January 10, 2013
Service Team, Inc.
   
 
/s/ Carlos Arreola
 
Carlos Arreola, President