-----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, JuI43CgPny+Ixp2SybPWqpJoIX37bzSIB9qCmaDuMEutM6j39xLo2/rxNGnYxxAT ZmgMRx/RhEXT93ae9zhjxg== 0000789318-01-000002.txt : 20010308 0000789318-01-000002.hdr.sgml : 20010308 ACCESSION NUMBER: 0000789318-01-000002 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20010331 ITEM INFORMATION: FILED AS OF DATE: 20010306 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CLANCY SYSTEMS INTERNATIONAL INC /CO/ CENTRAL INDEX KEY: 0000789318 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 841027964 STATE OF INCORPORATION: CO FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 033-04882-D FILM NUMBER: 1561951 BUSINESS ADDRESS: STREET 1: 2250 S ONEIDA STREET 2: STE 308 CITY: DENVER STATE: CO ZIP: 80224 BUSINESS PHONE: 3037530197 MAIL ADDRESS: STREET 1: 2250 S ONEIDA STREET 2: STE 3308 CITY: DENVER STATE: CO ZIP: 80224 FORMER COMPANY: FORMER CONFORMED NAME: OXFORD FINANCIAL INC DATE OF NAME CHANGE: 19600201 8-K 1 0001.txt 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): February 23, 2001 Clancy Systems International, Inc. (Exact name of registrant as specified in its charter) Colorado 33-4882-D 84-1027964 (State or other jurisdiction (Commission File (I.R.S. Employer of incorporation) No.) Identification No.) 2250 S. Oneida #308, Denver, Colorado 80224 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (303) 753-0197 Item 2. Acquisition or Disposition of Assets (a) On November 18, 1999, the disinterested member of the Board of Directors of the Company approved the acquisition by the Company of two web-based business opportunities funded and developed independent of the Company by Stanley J. Wolfson, the President, Chief Executive Officer, and a director of the Company (Wolfson). Liz Wolfson, the Secretary-Treasurer, Chief Financial Officer, Chief Accounting Officer, and a director of the Company is the spouse of Stanley Wolfson. The business opportunities acquired by the Company consist of the websites Expo1000.com and Remit-online.com and all assets, trademarks, URLs and proprietary technology related thereto (hereinafter referred to as the Businesses). The Company plans to incorporate the Businesses in its operations by offering web-based services. On February 23, 2001, Mr. Wolfson executed an Assignment and Bill of Sale transfering the Businesses to the Company in exchange for 17,489,315 shares of common stock of the Company at an estimated fair market value of $255,347 ($0.0146 per share which was the average closing bid price of the common stock on the OTCBB on November 18, 1999, the two days preceding such date, and the two days following such date) in consideration for the Businesses. The Businesses will be recorded by the Company at Wolfson's historical cost basis in the trademarks and proprietary technology related thereto, which approximates the par value of the shares to be issued of $1,748. (b) N/A Item 7. Financial Statements and Exhibits N/A 2 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. Date: March 6, 2001 CLANCY SYSTEMS INTERNATIONAL, INC. By: /s/ Stanley J. Wolfson Stanley J. Wolfson, President and Chief Executive Officer 3 -----END PRIVACY-ENHANCED MESSAGE-----