U.S. 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: May 31, 2001
EDUVERSE.COM
(Exact Name of Small Business Issuer as Specified in its Charter)
NEVADA
(State or other Jurisdiction as Specified in Charter)
00-27239 88-0277072
(Commission file number) (I.R.S. Employer Identification No.)
1135 Terminal Way
Suite 209
Reno, Nevada 89502-2168
(Address of Principal Executive Offices)
(360) 332-7734
(Issuer's telephone number)
Items 1 through 5, and 7 and 8 not applicable.
Item 6. Resignation of Registrant's Directors.
Resignation of Sole Officer/Director of Registrant's Subsidiary
On May 29, 2001, the board of directors of Eduverse.Com, a Nevada
corporation (the "Company"), accepted the resignation of Marc Crimeni as the
sole director and president/secretary of Eduverse Dot Com Inc., the Company's
wholly-owned subsidiary ("Eduverse"). Mr. Crimeni resigned as a result of the
pending sale of Eduverse pursuant to the share purchase agreement dated March 2,
2001 (the "Share Purchase Agreement") between the Company and Syncro-Data
Systems, Ltd. ("Syncro-Data"). The Share Purchase Agreement provides for the
sale by the Company to Syncro-Data of all of the issued and outstanding shares
of common stock of Eduverse held of record by the Company.
On June 1, 2001 at a special shareholders' meeting, the shareholders of the
Company will be asked to approve and authorize the sale of the Company's
wholly-owned subsidiary, Eduverse, pursuant to the terms and conditions of the
Share Purchase Agreement. In the event that a quorum is represented at the
special shareholders' meeting either in person or in proxy and a majority of the
shares thereof approve the Share Purchase Agreement, the Company will consummate
the transaction.
Management of the Company anticipates that after consummation of the Share
Purchase Agreement, Syncro-Data as the sole shareholder of Eduverse will appoint
new directors to Eduverse.
Item 7. Financial Statements and Exhibits.
(a) Financial Statements of Businesses Acquired.
Not Applicable.
(b) Pro Forma Financial Information.
Not Applicable.
(c) Exhibits.
Not Applicable.
SIGNATURES
In accordance with 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.
EDUVERSE.COM
Date: May 31, 2001 By: /s/ Grant Atkins
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Grant Atkins, President