8-K 1 doc1.txt 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) July 6, 2004 Internet Business's International, Inc. (Exact name of registrant as specified in its charter) Nevada 33-0845463 (State or other (IRS Employer jurisdiction of incorporation) Identification No.) 2250 East Tropicana, Suite 19-309, Las Vegas, Nevada 89119 (Address of Principal Executive Offices) Registrant's Telephone Number, Including Area Code: (775) 588-2387 None (Former name or former address, if changed since last report) ITEM 5. OTHER EVENTS Internet Business's International, Inc. (the "Company") expects to complete the establishment of its creditor trust today, July 6, 2004. Pursuant to the terms and conditions of the trust agreement, shares of the Company's common stock will be transferred in trust to KFC LLC, which has accepted the appointment as trustee. The Internet Business's International, Inc. Creditor Trust has been established to return the maximum amount to beneficiaries and to allow the Company to continue to operate without interruption. Following the submission of claims and validation of such claims, the trustee will liquidate the trust property and distribute the proceeds to the trust beneficiaries in a manner the trustee deems most beneficial. A copy of the trust agreement is attached hereto as Exhibit 99.1. ITEM 7. EXHIBITS (c) Exhibits Exhibit No. Description ----------- 99.1 Internet Business's International, Inc. Creditor Trust SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. INTERNET BUSINESS'S INTERNATIONAL, INC. Date: July 6, 2004 By /s/ Albert R. Reda --------------------- Albert R. Reda President