-----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, IOgO/i+hNCkjvmZByi2W4+ZsSyQD7E/MTTLscL1cP1KsDPRGpMPAG14V7Rr3OBEr 1s3o7/ftLE/1nwn5F05dJQ== 0000777844-04-000008.txt : 20040422 0000777844-04-000008.hdr.sgml : 20040422 20040422170430 ACCESSION NUMBER: 0000777844-04-000008 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040415 ITEM INFORMATION: Other events FILED AS OF DATE: 20040422 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COMPUSONICS VIDEO CORP CENTRAL INDEX KEY: 0000777844 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-NONSTORE RETAILERS [5960] IRS NUMBER: 841001336 STATE OF INCORPORATION: CO FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-14200 FILM NUMBER: 04748745 BUSINESS ADDRESS: STREET 1: 32751 MIDDLEBELT RD STE B CITY: FARMINGTON HILLS STATE: MI ZIP: 48334 BUSINESS PHONE: 2488515651 MAIL ADDRESS: STREET 1: 32751 MIDDLEBELT RD STE B CITY: FARMINGTON HILLS STATE: MI ZIP: 48334 8-K 1 e8kcvpdprefdstockissued16d.htm 8K- OTHER EVENTS Ethan Frome


FORM 8-K



SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549




CURRENT REPORT



Pursuant to Section 13 or 15(d) of the Securities

Exchange Act of 1934



April 15, 2004




COMPUSONICS VIDEO CORPORATION

(Exact Name of Registrant as specified in its charter)




    COLORADO     

   

0-14200     

 

     84-1001336   

    (State or other jurisdiction

(Commission file number)

      (I.R.S. Employer

    of incorporation or

  

     

 Identification Number)

    organization)




   32751 Middlebelt Road, Ste. B

   Farmington Hills, MI                  

        

   48334  

   (Address of Principal Executive Offices)

      

             

               (Zip Code)



Registrant's telephone number, including area code:  (248) 851-5651




                            N/A                             

Former name or former address, if changed from last report












Item 5:

Other events.


On March 31, 2004, the Company delivered to TreeCAD Engineering, Ltd, a company domiciled in Cyprus, two million shares of Class D Restricted Convertible Preferred Stock. The shares of the above stock were held in escrow contingent upon the completion of a valid license agreement between TreeCAD Engineering, Ltd and TreeSoft USA, Inc, and pending development by TreeCAD of the translation from German to English internet home page of TreeSoft USA, Inc. TreeCAD Engineering. Ltd has fulfilled the above requirements, and is the legitimate owner of Class D Convertible Preferred Stock of the Company. The other two million shares of the same type of stock are being held in escrow, contingent upon the fulfillment of certain other requirements, as being stated in the purchase agreement dated March 25, 2003.


In exchange for the above consideration delivered to TreeCAD Engineering, Ltd and the consideration currently held in escrow, the Company fully acquired TreeSoft USA, Inc initially owned by TreeCAD Engineering, Ltd. TreeSoft USA Inc, possesses a valuable intangible asset, called “License Agreement”. This asset represents the rights to distribute Electrical –CAD (E-CAD) software products, the rights to use the trademarks, product names, logos, artwork and sales promotion material, patents and product documentation, and all other rights specified in the License Agreement dated March 25, 2003.  


The Company is reflecting this transaction in its books as of March 31, 2004. The value of the total consideration for the acquisition of TreeSoft USA, Inc is determined to be $1,800,000. The Company is recording only the value received by TreeCAD Engineering, Ltd, as of March 31, 2004, which is $900,000. The acquisition cost of TreeSoft USA, Inc will be adjusted when the other consideration currently held in escrow is released to TreeCAD Engineering, Ltd.


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.


Date:  April 15, 2004


COMPUSONICS VIDEO CORPORATION




By   /s/ Thomas W. Itin

 

   

Thomas W. Itin

      

Chairman




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