SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 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 reported)


                         CORMAX BUSINESS SOLUTIONS INC.
                  ---------------------------------------------
             (Exact name of registrant as specified in its chapter)


         UTAH                         333-53738               84-0959153
- -----------------------------       -----------           -------------------
(State or other jurisdiction        (Commission            (IRS Employer
         of incorporation)          File Number)          Identification No.)


Suite 250, 708 11th Avenue SW, Calgary, Alberta               T2R 0E4
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(Address of principal executive offices)                      (Postal Code)


        Registrant's telephone number, including area code: (888) 261-2887
                                                            --------------

                                 WATCHOUT! INC.
                       ----------------------------------
                           (Former Name of Registrant)









Item 1. CHANGES IN CONTROL OF REGISTRANT

        None.


Item 2. ACQUISITION OR DISPOSITION OF ASSETS.

        None


Item 3. BANKRUPTCY OR RECEIVERSHIP

        None


Item 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT

        None


Item 5. Other Events and Regulation FD Disclosure.

         On December 6, 2001, the Board of Director agreed to sell Todd Violette
1,000,000 shares of Class A Preferred shares for $50,000 CDN and completion of
his current employment contract. In the event, prior to the completion of Todd
Violette's current contract, Mr. Violette terminates his employment contract the
Company has the right to repurchase all or none of his Class A Convertible
Preferred back for $50,000 CDN plus 12% interest per year within 90 days of his
notice. In the event the Company desires to terminate Mr. Violette's employment
contract they will have the right to repurchase all of the issued Class A
Convertible Preferred Shares owned by Mr. Violette for lump sum cash payment
equal to the Corporation's market capitalization at the current market value on
the day of the purchase. As a result of this sale Todd Violette, our Chairman of
the Board, and Chief Executive Officer, became entitled to exercise voting
control over our company.

         Mr. Violette beneficially owns all of the 1,000,000 shares of Class A
Preferred shares. Based upon this ownership, as of December 6, 2001 Mr. Violette
beneficially controls voting power of 88% over all matters on which the holders
of our Stock are entitled to vote. Consequently, Mr. Violette has sufficient
voting power to control the outcome of all corporate matters submitted to the
vote of our stockholders. Those matters could include the election of directors,
changes in the size and composition of the Board of Directors (and, thereby, the
qualification and appointment of officers of our company), and mergers and other
business combinations involving our company. In addition, through his control of
the Board of Directors and voting power, he may be able to control certain
decisions, including decisions with respect to our company's dividend policy,
access to capital (including borrowing from third-party lenders and the issuance
of additional equity securities), and the acquisition or disposition of assets
by our company. In addition, the concentration of voting power in Mr. Violette
could have the effect of delaying or preventing a change in control of our
company and may affect the market price of our Common Stock.

         The Class A Preferred Share is convertible into two hundred shares of
common stock and is entitled to the cumulative votes per share. The primary
reason for this recommendation is to help ensure that the business, the
leadership and vision of Todd Violette, our Chairman of the Board, Chief
Executive Officer, will continue in the future.

         The Board of Directors is, however, unaware of any present threat of
any hostile takeovers involving our company. Because Mr. Violette is the only
holder of Preferred Stock, Mr. Violette could benefit from the adoption of the
proposed increase in voting rights by substantially increasing his voting
control as one of our stockholders. Accordingly, as a member of the Board of
Directors, Mr. Violette may be viewed as having a conflict of interest in
approving, and recommending that the stockholders approve, the proposed increase
in voting rights.





Item 6. APPONTMENT OF NEW DIRECTORS

        None


Item 7.  FINANCIAL STATEMENTS AND EXHIBITS

        (a)  Financial Statement of the acquired business

         It is impractical to provide the required audited financial statements
and pro forma financial information at the time of the filing of this report.
The required financial information will be filed within the time prescribed by
Rule S-X.

        (b) Not Applicable

        (c) EXHIBITS

                 NONE








                                   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.


                                             CORMAX BUSINESS SOLUTIONS INC.
                                             -----------------------------------
                                                      (Registrant)


                                             /s/ Todd Violette
Date                                         -----------------------------------
         12/20/01                                     (Signature)
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