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 March 22, 2003
COMMISSION FILE NO. 000-26751
CyPost Corporation
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(Exact name of registrant as specified in its charter)
DELAWARE 98-0178674
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(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
900-1281 West Georgia Street, Vancouver, British Columbia, Canada
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(Address of principal executive offices)
(604) 904-4422
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(Registrant's telephone number, including area code)
Check whether the registrant: (1) has filed all reports required to be filed by
Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the preceding
12 months (or for such shorter period that the registrant was required to file
such reports), and (2) has been subject to such filing requirements for the past
90 days.
Yes [X] No [ ]
CyPost Corporation
FORM 8-K
TABLE OF CONTENTS
Item 1. Changes in Control of Registrant - None
Item 2. Acquisition or Disposition of Assets . . . . . . . . . . . . . Page 1
Item 3. Bankruptcy or Receivership - None
Item 4. Changes in Registrant's Certifying Accountant - None
Item 5. Other Events - None
Item 6. Resignations of Registrant's Directors - None
Item 7. Financial Statements and Exhibits - None
Signatures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 2
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Exhibit 2.1 Asset Sale Agreement dated March 7, 2003 between CyPost
Corporation and ISOMEDIA.COM, L.L.C. . . . . . . . . . . . . . . . . . . Page 1
ITEM 2. Acquisition or Disposition of Assets
The date and manner of the disposition: March 7, 2003
A brief description of the assets involved: Certain assets of our dBA Connect
Northwest Operations, consisting of customer list, trade name, computer hardware
and software.
The nature and amount of consideration received therefore: 170,184.13 cash at
closing and, the assumption of the prepaid liability by the buyer in the amount
of $32,214.27.
The principle followed in determining the amount of such consideration: based on
the total number of customers and multiple of monthly sales generated.
The identity of the person(s) to whom they were sold: ISOMEDIA.COM, L.L.C, a
Washington State company
The nature of any material relationship between such person(s) and the
registrant or any of its affiliates, any director or officer of the registrant,
or any associate of any such director or officer: None
ITEM 7. Financial Statements and Exhibits
Financial Statements
None.
Exhibits
Exhibit 2.1 -- Asset Sale Agreement dated March 7, 2003
CyPost Corporation and ISOMEDIA.COM, L.L.C.
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 herein duly authorized.
CyPost CORPORATION
By: /s/ Javan Khazali
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Javan Khazali
(CEO)
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