-----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, EMZgqHRDfyGeASNigRYm7oTBeqKgPC0/rkhL4TLXVZYceRidqOK/aRAF0wdEXOT7 /W/ImMMdBPq7vgZBKCsVtg== 0001169232-05-002845.txt : 20050520 0001169232-05-002845.hdr.sgml : 20050520 20050520170440 ACCESSION NUMBER: 0001169232-05-002845 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050510 ITEM INFORMATION: Completion of Acquisition or Disposition of Assets FILED AS OF DATE: 20050520 DATE AS OF CHANGE: 20050520 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SITI-SITES COM INC CENTRAL INDEX KEY: 0000812551 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-HELP SUPPLY SERVICES [7363] IRS NUMBER: 751940923 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-15596 FILM NUMBER: 05848917 BUSINESS ADDRESS: STREET 1: 594 BROADWAY STREET 2: SUITE 1001 CITY: NEW YORK STATE: NY ZIP: 10012 BUSINESS PHONE: 2129650013 MAIL ADDRESS: STREET 1: P O BOX 1006 CITY: NEW YORK STATE: NY ZIP: 10268-1800 FORMER COMPANY: FORMER CONFORMED NAME: SPECTRUM INFORMATION TECHNOLOGIES INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: SPECTRUM CELLULAR CORP DATE OF NAME CHANGE: 19890925 FORMER COMPANY: FORMER CONFORMED NAME: SPECTRUM CELLULAR COMMUNICATIONS CORP DATE OF NAME CHANGE: 19870715 8-K 1 d64010_8k.htm CURRENT REPORT

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 event reported) May 10, 2005

 

SITI-Sites.com, Inc.

(Exact name of registrant as specified in its charter)

 

Delaware

0-15596

75-1940923

 

(State or other jurisdiction

(Commission

IRS Employer

 

of incorporation or organization)

File Number)

Identification No.)

 

47 Beech Road, Englewood, New Jersey
(Address of principal executive offices)		 07631
(Zip Code)

111 Lake Avenue, Suite #7, Tuckahoe, New York
(Address of Chief Financial Officer)		 10707
(Zip Code)

 

Registrant’s telephone number, including area code (212) 925-1181

 

(Former name or former address, if changed since last report)

 

 

 


 

 

ITEM 2.01 ACQUISITION OR DISPOSITION OF CERTAIN ASSETS

 

Effective May 10, 2005, Siti-Sites.com, Inc, (“Siti”, the “Company”) completed another round of financing by the major investors of the Company in order to finance its operating and litigation costs. Certain investors including Chairman Lawrence Powers purchased a total of 3,500,000 shares at $.05 per share. The shares purchased by the major investors were not registered under the Securities Act of 1933, were purchased for investment and are not readily marketable, which factors generally result in discounts in purchase value. However, no discounts were taken and, at the time of the investment, the stock was trading at approximately $.03 per share for three months preceding this transaction.

 

The following is a list of the participants:

 

Name

Shares Purchased

Amount

 

Lawrence M. Powers

1,300,000

$ 65,000

Robert Ingenito

550,000

$ 27,500

John DiNozzi

550,000

$ 27,500

John Iannitto

550,000

$ 27,500

Steven Gross

550,000

$ 27,500

 

 

 

 

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, thereto duly authorized.

 

Dated:

May 20, 2005

 

 

SITI-Sites.com, Inc.

 

By /s/ Lawrence M. Powers

 

 

Lawrence M. Powers

 

 

Chief Executive Officer and

 

 

Chairman of the Board of Directors

 

 

 

 

 

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