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SiteWorks Building
ecUNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14C INFORMATION
Information Statement Pursuant to Section 14(c) of
the Securities Exchange Act of 1934
Filed by the Registrant |X|
Filed by a Party other than the Registrant |_|
Check the appropriate box:
|X| Preliminary Information Statement
|_| Confidential, for Use of the Commission Only (as permitted by
Rule 14a-6(e)(2))
|_| Definitive Information Statement
|_| Definitive Additional Materials
|_| Soliciting Material Pursuant to ss.240.14a-12
SiteWorks Building & Development Co.,
--------------------------------------------------------------------------------
(Name of Registrant as Specified In Its Charter)
Florida
(State or other jurisdiction of incorporation or organization)
IRS EIN 58-2590047
-6464 N W 5th Way,, Ft. Lauderdale Florida 33309
Address of principal executive offices)
954 489 2961
--------------------------------------------------------------------------------
Payment of Filing Fee (Check the appropriate box):
|_| No fee required.
|X| Fee computed on table below per Exchange Act Rules 14a-6(i) (1) and 0-11.
(1) Title of each class of securities to which transaction applies:
Common stock, par value $0.01 per share, of Fargo Electronics, Inc.
---------------------------------------------------------------------
(2) Aggregate number of securities to which transaction applies:
206,039,021 shares of common stock (as of May 31, 2006)
---------------------------------------------------------------------
(3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11 (set forth the amount on which the
filing fee is calculated and state how it was determined): The filing
fee was determined based upon the sum of (A) 206,039,021 shares of
Common Stock multiplied by $.014 per share and In accordance with
Section 14(g) of the Securities Exchange Act of 1934, as amended; the
filing fee was determined by multiplying 0.000107 by the sum of the
preceding sentence.
---------------------------------------------------------------------
(4) Proposed maximum aggregate value of transaction:
$2,926,000
---------------------------------------------------------------------
(5) Total fee paid:
$313.08
---------------------------------------------------------------------
|_| Fee paid previously with preliminary materials.
|_| Check box if any part of the fee is offset as provided by Exchange Act
Rule 0-11(a)(2) and identify the filing for which the offsetting fee was
paid previously. Identify the previous filing by registration statement
number, or the Form or Schedule and the date of its filing.
(1) Amount Previously Paid:
---------------------------------------------------------------------
(2) Form, Schedule or Registration Statement No.:
EXPLANATORY NOTE
SiteWorks Building & Development Co. (the "Company") is filing this Form 14-C
(the "Form 14-"), with the Securities and Exchange Commission (the "SEC") on
June 30, 2006 to fulfill its notice requirements to its shareholders. Amendments
previously made by the company's board and filed with the Secretary of State in
Florida, may not have been adequately noticed to its shareholders and this
filing addresses the issue by advising the shareholders of a written consent to
ratify all board actions taken to date. The notification and disclosure in this
filing relates to the Company's treatment of shares issued, the validity of
issued shares ,and the valuation of shares issued for goods and services in the
Condensed Consolidated Financial Statements included in the Company's Annual and
Quarterly Report on Form 10-K and 10-Q for the quarters ended Dec 31, 2005 ,
March 31. 2006, and once final, will cure the temporary equity noted on the
company's financial statements filed as of Dec 31, 2005 and March 31, 2006.
SITEWORKS BUILDING & DEVELOPMENT CO.
6464 N W 5th Way, Ft. Lauderdale, Florida 33309
Notice of Proposed Action by Written Consent
Of a
Majority of the Outstanding Common Stock
To be taken on or about July 31, 2006
To the Stockholders of SITEWORKS BUILDING & DEVELOPMENT CO.
Notice is hereby given that upon Written Consent by the holders of a majority of
the outstanding shares of common and preferred stock of SiteWorks Building &
Development Co., (the "Company") intend to ratify all amendments made to the
articles of incorporation, made from March 27, 2002 thru present including but
not limited to the following :
Articles of merger filed on 3/27/2002 with Real Time cars inc, a Nevada
Corporation (this was previously approved written consent by Carl Nurse, who
held 100 % of the issued shares of SiteWorks at the date of merger: and who at
all times thereafter owned or controlled 51 % of the common stock of Siteworks
Building and Development C.,)
Articles of Amendment filed on 3/24/03 increasing the authorized common and
preferred stock and affecting a reverse split of the common stock in ration of
200 to 1.and changing the par value of the preferred stock
Articles of Amendment filed on 4/12/2004 increasing the authorized common stock
and providing that the maximum number of class A stock preferred stock
convertible at a ratio of 300 to one shall be 20,000,000
Articles of Amendment filed on 3/29/2005 changing the name of the company to
Siteworks Building and Development Co.,
Articles of Amendment filed on August 15, 2005 decreasing the par value of Class
A preferred stock to .001, decreasing the authorized common to 500,000,000
shares and establishing the conversion ratio of Class A preferred stock to 52 to
1.
Articles of Merger with SBD International , Inc , to be effective on or about
July 31, 2006 via an exchange of Siteworks stock for SBD International (Nevada)
Stock, In a ratio of twenty five (25) Siteworks shares for one (1) SBD
International Share. Nomination of Board of Director s members, including
Beverly Calender & Carl Nurse
The change will be effected on or after 20 days from the date this schedule is
mailed to shareholders and is expected to be on or about July 31, 2006.
Only stockholders of record at the close of business on May 31, 2006 will be
given Notice of the Action by Written Consent. The Company is not soliciting
Proxies.
By Order of the Board of Directors
/s/ C M Nurse
----------------------------
President of the Company
WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US A PROXY
SITEWORKS BUILDING & DEVELOPMENT CO.
6464 N W 5th Way
Ft. Lauderdale, Florida 33309
954 489 2961 fax 954 489 2962
INFORMATION STATEMENT
ACTION BY A MAJORITY OF STOCKHOLDERS
This Information Statement is furnished to all holders of the Common Stock,
$.001 par value per share, and convertible preferred Stock A, pat value .001 of
the Company, voting in a ration of 52 common for each preferred Class A, in
connection with proposed action by holders of a majority of the issued and
outstanding shares of common and preferred voting stock of SiteWorks Building &
Development Co.,, a Florida Corporation (the "Company") to ratify all actions
taken by all officers and directors of the company from March 27, 2002 thru the
present date , including the merger with SBD International Inc , a Nevada
Corporation which is a subsidiary of the company, including all amendments to
the articles of Incorporation and all mergers to date.. These actions have
already occurred or are to occur on or about July 31, 2006. This Information
Statement is first being mailed to stockholders on or about July 15th, 2006.
Only stockholders of record at the close of business on March 31, 2006 are
entitled to notice of the action to be taken. There will be no vote on the
matters by the shareholders of the Company because the proposed action will be
accomplished by the written consent of a majority of the shareholders of the
Company as allowed by Section 607.1003 of the Florida Statutes.
The Board of Directors and/or persons owning the majority of the outstanding
voting securities of SiteWorks Building & Development Co., have unanimously
adopted, ratified and approved resolutions to effect the various amendments and
the mergers including the merger with SBD International Inc , a subsidiary of
Siteworks Building and Development Co., to take place on or about July 31, 2006.
No other votes are required or necessary. See the caption "Vote Required for
Approval," below. The Amendment will be filed and is expected to become
effective on or about July 31, 2006.
The Form 10-KSB filed by SiteWorks Building & Development Co., with the
Securities and Exchange Commission may be viewed on the Securities and Exchange
Commission's web site at www.sec.gov in the Edgar Archives. SiteWorks Building &
Development Co. is presently "current" in the filing of all reports required to
be filed by it.
WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US
A PROXY
DISSENTER'S RIGHTS OF APPRAISAL
The proposed Amendment does not result in dissenters' rights of appraisal. The
Florida Revised Statutes ("the Florida Law") do not provide for dissenter's
rights of appraisal in connection with the amendments and mergers.
VOTING SECURITIES AND PRINCIPAL HOLDERS THEREOF
The Board of Directors has fixed the close of business on May 31, 2006 as the
record date for the determination of the common shareholders entitled to notice
of proposed action by written consent.
At the record date, the Company had outstanding 206,369.021 shares of $0.001 par
value common stock and 5,100,000 shares of $0.0001 par value preferred class A
stock voting in a ratio of 52 common to one (i) preferred. The Company's
officers, directors and principal shareholders own or control in the aggregate
greater than 50% of the aggregate total of issued and outstanding shares of
Common and Preferred Stock on the Record Date, these persons have signed consent
to the taking of this action. This consent will be sufficient, without any
further action, to provide the necessary stockholder approval of the action.
SECURITY OWNERSHIP OF EXECUTIVE OFFICERS, DIRECTORS AND
FIVE PERCENT STOCKHOLDERS
The following table sets forth certain information concerning the ownership of
the Company's Common and Preferred Stock as of March 31, 2006, with respect to:
(i) each person known to the Company to be the beneficial owner of more than
five percent of the Company's Common and/or Preferred Stock; (ii) all directors;
and (iii) directors and executive officers of the Company as a group. The notes
accompanying the information in the table below are necessary for a complete
understanding of the figures provided below. As of March 31, 2006, there were
206, 329,021 shares of Common Stock issued and outstanding, and 5,100,000 shares
of Preferred A Stock issued and outstanding for a total of 471,569,021 on a
fully diluted basis.
TITLE OF NAME AND ADDRESS OF AMOUNT AND NATURE OF PERCENT
CLASS BENEFICIAL OWNER BENEFICIAL OWNERSHIP OF CLASS
------------------ ------------------------------------- --------------------- ------------
Common Stock C M Nurse 2,000,000 .004%
($0.001 par value) (President & Director)
6464 N W 5th WAY, Ft Lauderdale
33309
Preferred Stock 5,100,000 PFA 56% on a diluted basis
------------------ ------------------------------------- --------------------- ------------
Common Stock All Executive Officers and Directors 2,000,000 .004%
($0.001 par value) as a Group (on a fully diluted basis) (265,000,000) 56%
(Nurse)
------------------ ------------------------------------- --------------------- -----------
Common Stock Star Invest Group 35,000,000 7.4%
($0.001 par value) a Foreign corp.
500 Broadway, NY 10036
------------------ ------------------------------------- --------------------- ------------
Common Stock Knightsbridge Services Ltd 15,000,000 3.1%
($0.001 par value State Tower
Bangkok, Thailand
------------------ ------------------------------------- --------------------- ------------
Common Stock Scarborough Ltd. 25,000,000 5.3%
($0.001 par value) 73 Front Street,
Hamilton Bermuda HM12
------------------ ------------------------------------- --------------------- ------------
NO CHANGE IN BUSINESS OR PHYSICAL LOCATION
The proposed Amendments to the Company's Articles of Incorporation will effect a
change in the capitalization of SiteWorks Building & Development Co., as
described herein. However, the recapitalization will not result in any change in
our business, management, location of our principal executive offices, assets,
liabilities or net worth (other than as a result of the costs incident to the
recapitalization, which are immaterial). Our management, including all directors
and officers, will remain the same after the amendments and mergers are
approved. There will be additional directors added to SBD International Inc at
this time.
DESCRIPTION OF CAPITAL STOCK AND VOTING RIGHTS
The Company's authorized capital consists of 500,000,000 shares of Common Stock,
$0.001 par value and 20,000,000 shares of Preferred Stock A, $0.001 par value,
and 20,000,000 shares of Preferred B stock. As of March 31, 2006 there were
206,369,021 shares of Common Stock outstanding and 5,100,000 shares of Preferred
A Stock outstanding for a total of 471,569.021 shares on a fully diluted basis
outstanding. The holders of Common are entitled to vote as a unit and Preferred
Stock are entitled to vote as a unit in a ratio of 52 common shares for each
share of preferred A on matters brought the attention of the shareholders of the
Company.
VOTE REQUIRED FOR APPROVAL
Section 607.1003 of the Florida Revised Statutes provides an outline of the
scope of the amendments of the Articles of Incorporation allowed a Florida
Corporation. This includes the amendment discussed herein. The procedure and
requirements to effect an amendment to the Articles of Incorporation of a
Florida corporation are set forth in Section 607.1003. Section 607.1003 provides
that proposed amendments must first be adopted by the Board of Directors and
then submitted to shareholders for their consideration at an annual or special
meeting and must be approved by a majority of the outstanding voting securities.
Section 607.1003 of the Florida Revised Statutes provides that any action
required to be taken at a special or annual meeting of the stockholders of a
Florida corporation may be taken by written consent, in lieu of a meeting, if
the consent is signed by stockholders owning at least a majority of the voting
power.
The Board of Directors of SiteWorks Building & Development Co., and persons
owning and having voting power in excess of 50% of the outstanding voting
securities of SiteWorks Building & Development Co., have adopted, ratified and
approved all amendments and mergers to date including that proposed merger with
SBD International, a current subsidiary of Siteworks Building and Development.
The securities that would have been entitled to vote if a meeting was required
to be held to amend the Company's Articles of Incorporation consist of
206,369,021 shares of issued and outstanding shares of the Company's $0.001 par
value common voting stock and 5,100,000 shares of issued and outstanding shares
of the Company's $0.001 par value preferred voting stock, for a total of
471,569,021 shares on a fully diluted basis, outstanding on March 31, 2006, the
record date for determining shareholders who would have been entitled to notice
of and to vote on the proposed amendment to SiteWorks' Articles of
Incorporation.
INCORPORATION BY REFERENCE OF CERTAIN FINANCIAL INFORMATION
The following portions of the Company's Annual Report on Form 10-KSB for the
fiscal year ended December 31, 2005 is incorporated herein by reference: "Item
1. Business", "Item 5. Market Information for Common Equity and Related
Shareholder Matters", and "Item 7. Financial Statements."' The following
portions of the Company's Quarterly Report on Form 10-QSB for the period ended
March 31, 2006 is also incorporated herein by reference: "Part I. Item 1:
Financial Statements" and "Part I. Item 2: Management's Discussion and Analysis
of Financial Condition and Results of Operations."' Copies of these documents
are available without charge to any person, including any beneficial holder of
the Company's Common Stock to whom this Information Statement was delivered, on
written or oral request to Siteworks Building and Development Co., 6464 N W 5th
Way, Ft. Lauderdale Florida 33309. Any statement contained in a document all or
a portion of which is incorporated by reference herein shall be deemed to be
modified or superseded for purposes of this Information Statement to the extent
that a statement contained herein or in any subsequently filed document that
also is or is deemed to be incorporated by reference herein modifies or
supersedes such statement. Any such statement so modified or superseded shall
not be deemed to constitute a part of this Information Statement except as so
modified or superseded.
CAPITALIZATION
The Company currently has 500,000,000 authorized shares of Common Stock, par
value $0.001 per share, of which 206,369.021shares were outstanding on March 31,
2006. The Company currently has 20,000,000 authorized shares of Preferred Stock,
Class A par value .001of which 5, 100,000 are outstanding and 20,000,000 of
Preferred B par value $1.00 per share, of which 1,100,000 shares were
outstanding on March 31, 2006.. The proposed Merger with SBD International will
result in the company having 750,000,000 shares of common, par value 0.01,
authorized. to the Company's Articles of Incorporation, if approved by the
stockholders, will authorize the Company to merge with SBD International. The
number of authorized preferred shares will remain the same at 20,000,000 shares
of preferred stock A, par value .001 & B par value $1.00. The effect of the
amendment will be to ratify all actions, amendments and mergers taken by the
board to date, thereby allowing the company to reclassify its temporary equity
into permanent equity. The effect of the merger with SBD International will give
the company the flexibility to fund its various projects.
Since the Board of Directors believes that the current corporate structure does
not allow it the flexibility need to meet its strategic objectives, including
expanded international property development and construction, the Board
considers it desirable that the Company restructures and redomicile to Nevada by
merger with a Nevada corporation. The Surviving parent corporation, SBD
International will have authorized shares in the amount of 750,000,000 common.
After the merger is completed, the company will have approximately 8, 241, 560
shares of common stock outstanding and Siteworks Building and Development Co.,
will be a wholly owned privately held subsidiary of SBD International Inc. The
new corporate structure will enhance the Company's flexibility in connection
with any possible acquisition or merger, stock splits or dividends, financings
and other corporate purposes and will allow such shares to be issued without the
expense and delay of a special stockholders' meeting, unless such action is
required by applicable law or rules of any stock exchange on which the Company's
securities may then be listed.
Presently, the Company has issued shares in all of its three authorized classes
of stock, Common Stock, par value $0.001 per share, and preferred stock, par
value $0.001 per share. Preferred B stock is non voting stock and has a per
value of 1.00 per share. Common and preferred shares A are voting shares and but
have different voting rights. Preferred A vote in the ratio of 52 common for
each preferred. Common shares vote one vote for each common share. However, none
of such common or preferred shares confer any preemptive rights on the holders
thereof to purchase or receive any additional shares of the Company's Common
Stock or any other securities, rights or options for the Company's securities
authorized or acquired by the Company in the future. The Board may issue the
Common Stock and Preferred Stock authorized by the Company's Charter for such
consideration as may be fixed by the Board and for any corporate purpose without
further action by the stockholders, except as may be required by law. Each share
of Preferred Stock has dividend and liquidation preferences over common shares
of the Company. Each share of Common Stock has equal dividend rights and
participates equally upon liquidation
INTEREST OF CERTAIN PERSONS IN OR OPPOSITION TO
MATTERS TO BE ACTED UPON
No person who has been a director or officer of the Company at any time since
the beginning of the last fiscal year, nominee for election as a director of the
Neither company, nor associate of the foregoing persons has any substantial
interest, direct or indirect, in the Company's recapitalization which differs
from that of other shareholders of the Company? No director of the Company
opposes the proposed action of recapitalizing the Company's common shares.
ADDITIONAL INFORMATION
Additional information concerning SiteWorks Building & Development December 31,
2006 and Form 10-QSB for the quarter ended March 31, 2006, which has been filed
with the Securities and Exchange Commission, may be accessed through the EDGAR
archives, at www.sec.gov and is incorporated herein by reference.
Dated: June 30, 2006
By Order of the Board of Directors
/s/ C M Nurse
----------------------------------
Chief Executive Officer
& Chairman
Copyright © 2006 QuoteMedia. All rights reserved. Terms of Use.
Market Data powered by QuoteMedia, www.quotemedia.com, SEC filings by 10kWizard.
ecUNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14C INFORMATION
Information Statement Pursuant to Section 14(c) of
the Securities Exchange Act of 1934
Filed by the Registrant |X|
Filed by a Party other than the Registrant |_|
Check the appropriate box:
|X| Preliminary Information Statement
|_| Confidential, for Use of the Commission Only (as permitted by
Rule 14a-6(e)(2))
|_| Definitive Information Statement
|_| Definitive Additional Materials
|_| Soliciting Material Pursuant to ss.240.14a-12
SiteWorks Building & Development Co.,
--------------------------------------------------------------------------------
(Name of Registrant as Specified In Its Charter)
Florida
(State or other jurisdiction of incorporation or organization)
IRS EIN 58-2590047
-6464 N W 5th Way,, Ft. Lauderdale Florida 33309
Address of principal executive offices)
954 489 2961
--------------------------------------------------------------------------------
Payment of Filing Fee (Check the appropriate box):
|_| No fee required.
|X| Fee computed on table below per Exchange Act Rules 14a-6(i) (1) and 0-11.
(1) Title of each class of securities to which transaction applies:
Common stock, par value $0.01 per share, of Fargo Electronics, Inc.
---------------------------------------------------------------------
(2) Aggregate number of securities to which transaction applies:
206,039,021 shares of common stock (as of May 31, 2006)
---------------------------------------------------------------------
(3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11 (set forth the amount on which the
filing fee is calculated and state how it was determined): The filing
fee was determined based upon the sum of (A) 206,039,021 shares of
Common Stock multiplied by $.014 per share and In accordance with
Section 14(g) of the Securities Exchange Act of 1934, as amended; the
filing fee was determined by multiplying 0.000107 by the sum of the
preceding sentence.
---------------------------------------------------------------------
(4) Proposed maximum aggregate value of transaction:
$2,926,000
---------------------------------------------------------------------
(5) Total fee paid:
$313.08
---------------------------------------------------------------------
|_| Fee paid previously with preliminary materials.
|_| Check box if any part of the fee is offset as provided by Exchange Act
Rule 0-11(a)(2) and identify the filing for which the offsetting fee was
paid previously. Identify the previous filing by registration statement
number, or the Form or Schedule and the date of its filing.
(1) Amount Previously Paid:
---------------------------------------------------------------------
(2) Form, Schedule or Registration Statement No.:
EXPLANATORY NOTE
SiteWorks Building & Development Co. (the "Company") is filing this Form 14-C
(the "Form 14-"), with the Securities and Exchange Commission (the "SEC") on
June 30, 2006 to fulfill its notice requirements to its shareholders. Amendments
previously made by the company's board and filed with the Secretary of State in
Florida, may not have been adequately noticed to its shareholders and this
filing addresses the issue by advising the shareholders of a written consent to
ratify all board actions taken to date. The notification and disclosure in this
filing relates to the Company's treatment of shares issued, the validity of
issued shares ,and the valuation of shares issued for goods and services in the
Condensed Consolidated Financial Statements included in the Company's Annual and
Quarterly Report on Form 10-K and 10-Q for the quarters ended Dec 31, 2005 ,
March 31. 2006, and once final, will cure the temporary equity noted on the
company's financial statements filed as of Dec 31, 2005 and March 31, 2006.
SITEWORKS BUILDING & DEVELOPMENT CO.
6464 N W 5th Way, Ft. Lauderdale, Florida 33309
Notice of Proposed Action by Written Consent
Of a
Majority of the Outstanding Common Stock
To be taken on or about July 31, 2006
To the Stockholders of SITEWORKS BUILDING & DEVELOPMENT CO.
Notice is hereby given that upon Written Consent by the holders of a majority of
the outstanding shares of common and preferred stock of SiteWorks Building &
Development Co., (the "Company") intend to ratify all amendments made to the
articles of incorporation, made from March 27, 2002 thru present including but
not limited to the following :
Articles of merger filed on 3/27/2002 with Real Time cars inc, a Nevada
Corporation (this was previously approved written consent by Carl Nurse, who
held 100 % of the issued shares of SiteWorks at the date of merger: and who at
all times thereafter owned or controlled 51 % of the common stock of Siteworks
Building and Development C.,)
Articles of Amendment filed on 3/24/03 increasing the authorized common and
preferred stock and affecting a reverse split of the common stock in ration of
200 to 1.and changing the par value of the preferred stock
Articles of Amendment filed on 4/12/2004 increasing the authorized common stock
and providing that the maximum number of class A stock preferred stock
convertible at a ratio of 300 to one shall be 20,000,000
Articles of Amendment filed on 3/29/2005 changing the name of the company to
Siteworks Building and Development Co.,
Articles of Amendment filed on August 15, 2005 decreasing the par value of Class
A preferred stock to .001, decreasing the authorized common to 500,000,000
shares and establishing the conversion ratio of Class A preferred stock to 52 to
1.
Articles of Merger with SBD International , Inc , to be effective on or about
July 31, 2006 via an exchange of Siteworks stock for SBD International (Nevada)
Stock, In a ratio of twenty five (25) Siteworks shares for one (1) SBD
International Share. Nomination of Board of Director s members, including
Beverly Calender & Carl Nurse
The change will be effected on or after 20 days from the date this schedule is
mailed to shareholders and is expected to be on or about July 31, 2006.
Only stockholders of record at the close of business on May 31, 2006 will be
given Notice of the Action by Written Consent. The Company is not soliciting
Proxies.
By Order of the Board of Directors
/s/ C M Nurse
----------------------------
President of the Company
WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US A PROXY
SITEWORKS BUILDING & DEVELOPMENT CO.
6464 N W 5th Way
Ft. Lauderdale, Florida 33309
954 489 2961 fax 954 489 2962
INFORMATION STATEMENT
ACTION BY A MAJORITY OF STOCKHOLDERS
This Information Statement is furnished to all holders of the Common Stock,
$.001 par value per share, and convertible preferred Stock A, pat value .001 of
the Company, voting in a ration of 52 common for each preferred Class A, in
connection with proposed action by holders of a majority of the issued and
outstanding shares of common and preferred voting stock of SiteWorks Building &
Development Co.,, a Florida Corporation (the "Company") to ratify all actions
taken by all officers and directors of the company from March 27, 2002 thru the
present date , including the merger with SBD International Inc , a Nevada
Corporation which is a subsidiary of the company, including all amendments to
the articles of Incorporation and all mergers to date.. These actions have
already occurred or are to occur on or about July 31, 2006. This Information
Statement is first being mailed to stockholders on or about July 15th, 2006.
Only stockholders of record at the close of business on March 31, 2006 are
entitled to notice of the action to be taken. There will be no vote on the
matters by the shareholders of the Company because the proposed action will be
accomplished by the written consent of a majority of the shareholders of the
Company as allowed by Section 607.1003 of the Florida Statutes.
The Board of Directors and/or persons owning the majority of the outstanding
voting securities of SiteWorks Building & Development Co., have unanimously
adopted, ratified and approved resolutions to effect the various amendments and
the mergers including the merger with SBD International Inc , a subsidiary of
Siteworks Building and Development Co., to take place on or about July 31, 2006.
No other votes are required or necessary. See the caption "Vote Required for
Approval," below. The Amendment will be filed and is expected to become
effective on or about July 31, 2006.
The Form 10-KSB filed by SiteWorks Building & Development Co., with the
Securities and Exchange Commission may be viewed on the Securities and Exchange
Commission's web site at www.sec.gov in the Edgar Archives. SiteWorks Building &
Development Co. is presently "current" in the filing of all reports required to
be filed by it.
WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US
A PROXY
DISSENTER'S RIGHTS OF APPRAISAL
The proposed Amendment does not result in dissenters' rights of appraisal. The
Florida Revised Statutes ("the Florida Law") do not provide for dissenter's
rights of appraisal in connection with the amendments and mergers.
VOTING SECURITIES AND PRINCIPAL HOLDERS THEREOF
The Board of Directors has fixed the close of business on May 31, 2006 as the
record date for the determination of the common shareholders entitled to notice
of proposed action by written consent.
At the record date, the Company had outstanding 206,369.021 shares of $0.001 par
value common stock and 5,100,000 shares of $0.0001 par value preferred class A
stock voting in a ratio of 52 common to one (i) preferred. The Company's
officers, directors and principal shareholders own or control in the aggregate
greater than 50% of the aggregate total of issued and outstanding shares of
Common and Preferred Stock on the Record Date, these persons have signed consent
to the taking of this action. This consent will be sufficient, without any
further action, to provide the necessary stockholder approval of the action.
SECURITY OWNERSHIP OF EXECUTIVE OFFICERS, DIRECTORS AND
FIVE PERCENT STOCKHOLDERS
The following table sets forth certain information concerning the ownership of
the Company's Common and Preferred Stock as of March 31, 2006, with respect to:
(i) each person known to the Company to be the beneficial owner of more than
five percent of the Company's Common and/or Preferred Stock; (ii) all directors;
and (iii) directors and executive officers of the Company as a group. The notes
accompanying the information in the table below are necessary for a complete
understanding of the figures provided below. As of March 31, 2006, there were
206, 329,021 shares of Common Stock issued and outstanding, and 5,100,000 shares
of Preferred A Stock issued and outstanding for a total of 471,569,021 on a
fully diluted basis.
TITLE OF NAME AND ADDRESS OF AMOUNT AND NATURE OF PERCENT
CLASS BENEFICIAL OWNER BENEFICIAL OWNERSHIP OF CLASS
------------------ ------------------------------------- --------------------- ------------
Common Stock C M Nurse 2,000,000 .004%
($0.001 par value) (President & Director)
6464 N W 5th WAY, Ft Lauderdale
33309
Preferred Stock 5,100,000 PFA 56% on a diluted basis
------------------ ------------------------------------- --------------------- ------------
Common Stock All Executive Officers and Directors 2,000,000 .004%
($0.001 par value) as a Group (on a fully diluted basis) (265,000,000) 56%
(Nurse)
------------------ ------------------------------------- --------------------- -----------
Common Stock Star Invest Group 35,000,000 7.4%
($0.001 par value) a Foreign corp.
500 Broadway, NY 10036
------------------ ------------------------------------- --------------------- ------------
Common Stock Knightsbridge Services Ltd 15,000,000 3.1%
($0.001 par value State Tower
Bangkok, Thailand
------------------ ------------------------------------- --------------------- ------------
Common Stock Scarborough Ltd. 25,000,000 5.3%
($0.001 par value) 73 Front Street,
Hamilton Bermuda HM12
------------------ ------------------------------------- --------------------- ------------
NO CHANGE IN BUSINESS OR PHYSICAL LOCATION
The proposed Amendments to the Company's Articles of Incorporation will effect a
change in the capitalization of SiteWorks Building & Development Co., as
described herein. However, the recapitalization will not result in any change in
our business, management, location of our principal executive offices, assets,
liabilities or net worth (other than as a result of the costs incident to the
recapitalization, which are immaterial). Our management, including all directors
and officers, will remain the same after the amendments and mergers are
approved. There will be additional directors added to SBD International Inc at
this time.
DESCRIPTION OF CAPITAL STOCK AND VOTING RIGHTS
The Company's authorized capital consists of 500,000,000 shares of Common Stock,
$0.001 par value and 20,000,000 shares of Preferred Stock A, $0.001 par value,
and 20,000,000 shares of Preferred B stock. As of March 31, 2006 there were
206,369,021 shares of Common Stock outstanding and 5,100,000 shares of Preferred
A Stock outstanding for a total of 471,569.021 shares on a fully diluted basis
outstanding. The holders of Common are entitled to vote as a unit and Preferred
Stock are entitled to vote as a unit in a ratio of 52 common shares for each
share of preferred A on matters brought the attention of the shareholders of the
Company.
VOTE REQUIRED FOR APPROVAL
Section 607.1003 of the Florida Revised Statutes provides an outline of the
scope of the amendments of the Articles of Incorporation allowed a Florida
Corporation. This includes the amendment discussed herein. The procedure and
requirements to effect an amendment to the Articles of Incorporation of a
Florida corporation are set forth in Section 607.1003. Section 607.1003 provides
that proposed amendments must first be adopted by the Board of Directors and
then submitted to shareholders for their consideration at an annual or special
meeting and must be approved by a majority of the outstanding voting securities.
Section 607.1003 of the Florida Revised Statutes provides that any action
required to be taken at a special or annual meeting of the stockholders of a
Florida corporation may be taken by written consent, in lieu of a meeting, if
the consent is signed by stockholders owning at least a majority of the voting
power.
The Board of Directors of SiteWorks Building & Development Co., and persons
owning and having voting power in excess of 50% of the outstanding voting
securities of SiteWorks Building & Development Co., have adopted, ratified and
approved all amendments and mergers to date including that proposed merger with
SBD International, a current subsidiary of Siteworks Building and Development.
The securities that would have been entitled to vote if a meeting was required
to be held to amend the Company's Articles of Incorporation consist of
206,369,021 shares of issued and outstanding shares of the Company's $0.001 par
value common voting stock and 5,100,000 shares of issued and outstanding shares
of the Company's $0.001 par value preferred voting stock, for a total of
471,569,021 shares on a fully diluted basis, outstanding on March 31, 2006, the
record date for determining shareholders who would have been entitled to notice
of and to vote on the proposed amendment to SiteWorks' Articles of
Incorporation.
INCORPORATION BY REFERENCE OF CERTAIN FINANCIAL INFORMATION
The following portions of the Company's Annual Report on Form 10-KSB for the
fiscal year ended December 31, 2005 is incorporated herein by reference: "Item
1. Business", "Item 5. Market Information for Common Equity and Related
Shareholder Matters", and "Item 7. Financial Statements."' The following
portions of the Company's Quarterly Report on Form 10-QSB for the period ended
March 31, 2006 is also incorporated herein by reference: "Part I. Item 1:
Financial Statements" and "Part I. Item 2: Management's Discussion and Analysis
of Financial Condition and Results of Operations."' Copies of these documents
are available without charge to any person, including any beneficial holder of
the Company's Common Stock to whom this Information Statement was delivered, on
written or oral request to Siteworks Building and Development Co., 6464 N W 5th
Way, Ft. Lauderdale Florida 33309. Any statement contained in a document all or
a portion of which is incorporated by reference herein shall be deemed to be
modified or superseded for purposes of this Information Statement to the extent
that a statement contained herein or in any subsequently filed document that
also is or is deemed to be incorporated by reference herein modifies or
supersedes such statement. Any such statement so modified or superseded shall
not be deemed to constitute a part of this Information Statement except as so
modified or superseded.
CAPITALIZATION
The Company currently has 500,000,000 authorized shares of Common Stock, par
value $0.001 per share, of which 206,369.021shares were outstanding on March 31,
2006. The Company currently has 20,000,000 authorized shares of Preferred Stock,
Class A par value .001of which 5, 100,000 are outstanding and 20,000,000 of
Preferred B par value $1.00 per share, of which 1,100,000 shares were
outstanding on March 31, 2006.. The proposed Merger with SBD International will
result in the company having 750,000,000 shares of common, par value 0.01,
authorized. to the Company's Articles of Incorporation, if approved by the
stockholders, will authorize the Company to merge with SBD International. The
number of authorized preferred shares will remain the same at 20,000,000 shares
of preferred stock A, par value .001 & B par value $1.00. The effect of the
amendment will be to ratify all actions, amendments and mergers taken by the
board to date, thereby allowing the company to reclassify its temporary equity
into permanent equity. The effect of the merger with SBD International will give
the company the flexibility to fund its various projects.
Since the Board of Directors believes that the current corporate structure does
not allow it the flexibility need to meet its strategic objectives, including
expanded international property development and construction, the Board
considers it desirable that the Company restructures and redomicile to Nevada by
merger with a Nevada corporation. The Surviving parent corporation, SBD
International will have authorized shares in the amount of 750,000,000 common.
After the merger is completed, the company will have approximately 8, 241, 560
shares of common stock outstanding and Siteworks Building and Development Co.,
will be a wholly owned privately held subsidiary of SBD International Inc. The
new corporate structure will enhance the Company's flexibility in connection
with any possible acquisition or merger, stock splits or dividends, financings
and other corporate purposes and will allow such shares to be issued without the
expense and delay of a special stockholders' meeting, unless such action is
required by applicable law or rules of any stock exchange on which the Company's
securities may then be listed.
Presently, the Company has issued shares in all of its three authorized classes
of stock, Common Stock, par value $0.001 per share, and preferred stock, par
value $0.001 per share. Preferred B stock is non voting stock and has a per
value of 1.00 per share. Common and preferred shares A are voting shares and but
have different voting rights. Preferred A vote in the ratio of 52 common for
each preferred. Common shares vote one vote for each common share. However, none
of such common or preferred shares confer any preemptive rights on the holders
thereof to purchase or receive any additional shares of the Company's Common
Stock or any other securities, rights or options for the Company's securities
authorized or acquired by the Company in the future. The Board may issue the
Common Stock and Preferred Stock authorized by the Company's Charter for such
consideration as may be fixed by the Board and for any corporate purpose without
further action by the stockholders, except as may be required by law. Each share
of Preferred Stock has dividend and liquidation preferences over common shares
of the Company. Each share of Common Stock has equal dividend rights and
participates equally upon liquidation
INTEREST OF CERTAIN PERSONS IN OR OPPOSITION TO
MATTERS TO BE ACTED UPON
No person who has been a director or officer of the Company at any time since
the beginning of the last fiscal year, nominee for election as a director of the
Neither company, nor associate of the foregoing persons has any substantial
interest, direct or indirect, in the Company's recapitalization which differs
from that of other shareholders of the Company? No director of the Company
opposes the proposed action of recapitalizing the Company's common shares.
ADDITIONAL INFORMATION
Additional information concerning SiteWorks Building & Development December 31,
2006 and Form 10-QSB for the quarter ended March 31, 2006, which has been filed
with the Securities and Exchange Commission, may be accessed through the EDGAR
archives, at www.sec.gov and is incorporated herein by reference.
Dated: June 30, 2006
By Order of the Board of Directors
/s/ C M Nurse
----------------------------------
Chief Executive Officer
& Chairman
Copyright © 2006 QuoteMedia. All rights reserved. Terms of Use.
Market Data powered by QuoteMedia, www.quotemedia.com, SEC filings by 10kWizard.
Kann zu dieser SBD nix finden.
Gibts da eine Notierung, müsste doch eigentlich sein?
MfG
Gibts da eine Notierung, müsste doch eigentlich sein?
MfG
Antwort auf Beitrag Nr.: 22.371.884 von jetztgehtsab am 01.07.06 16:45:17ich habe mit google
folgendes herausgefunden. sbd international war schon mal mit prestige und siteworks irgendwie zusammen.
ich stelle nachfolgend die press release vom 03.11.2005 rein:
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Press Release Source: SiteWorks Building & Development Co.
Site Works Building Opens Bangkok Office
Thursday November 3, 2005 10:30 am ET
MIAMI, FL--(MARKET WIRE)--Nov 3, 2005 -- Management of Site Works Building & Development Co., (OTC BB:SWKJ.OB - News) construction service and real estate development company, announced today that the company has opened an office in Bangkok to manage construction operations in Bangkok and Phukett and is in the process of setting an Branch office in Hong Kong.
ADVERTISEMENT
The office is located in Bangkok City Tower on South Sathorn Road in Bangkok. Michael Nurse commented, "The Thai contracts are of tremendous significance to the company and it is only logical we establish and staff up a local office to manage the current construction projects as well as prepare for other and potentially larger projects in the New Year. We expect to employ between 50 and 100 people including executive management, operations management and skilled workers and so we need to have an on the ground organizational presence in Thailand."
On the continuing relationship with Prestige, the CEO of SBD said, "Sunny Suwunnavid and Prestige have done an outstanding job of finding the contracts for Siteworks and making the very important local contacts which are invaluable in the smooth execution of our work. Prestige continues to find business development opportunities for SiteWorks in the region and we anticipate a long and mutual beneficial business relationship."
The Bangkok office of SiteWorks is Level 27 Bangkok City Tower, 179/114-116 South Sathorn Road, Bangkok 10120.
Site Works is a company engaged in the business of total site and built environment solutions. The company's core business is the performance of construction services. SiteWorks, also performs construction management and general construction services. Other services provided include the marketing and distribution of innovative construction related and other technology products.
This press release contains "forward-looking" statements as that term is defined by Section 27A of the Securities Act of 1933, as amended, (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended, (the "Exchange Act"). All statements that are included in this press release other than statements of historical fact are "forward-looking" statements. Although Siteworks believes that the expectations reflecting in these forward-looking statements are reasonable, it can give no assurance that such expectations will materialize. Important factors could cause actual results to differ materially from the expectations as disclosed herein, including without limitation, in conjunction with these forward-looking statements contained in this press release.
Contact:
C M Nurse
Email: cnurse@mysiteworks.net
--------------------------------------------------------------------------------
es sieht somit sehr interessant aus für die zukunft.denke die shortis werden ab 01.juli reagieren müssen.
folgendes herausgefunden. sbd international war schon mal mit prestige und siteworks irgendwie zusammen.
ich stelle nachfolgend die press release vom 03.11.2005 rein:
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New User?Sign Up
Finance Home - Help
HomeInvestingNews & CommentaryRetirement & PlanningBanking & CreditLoansTaxesSpecial EditionsColumnistsPersonal FinanceInvesting IdeasMarketsCompany FinancesProvidersGet QuotesSymbol LookupFinance Search
Press Release Source: SiteWorks Building & Development Co.
Site Works Building Opens Bangkok Office
Thursday November 3, 2005 10:30 am ET
MIAMI, FL--(MARKET WIRE)--Nov 3, 2005 -- Management of Site Works Building & Development Co., (OTC BB:SWKJ.OB - News) construction service and real estate development company, announced today that the company has opened an office in Bangkok to manage construction operations in Bangkok and Phukett and is in the process of setting an Branch office in Hong Kong.
ADVERTISEMENT
The office is located in Bangkok City Tower on South Sathorn Road in Bangkok. Michael Nurse commented, "The Thai contracts are of tremendous significance to the company and it is only logical we establish and staff up a local office to manage the current construction projects as well as prepare for other and potentially larger projects in the New Year. We expect to employ between 50 and 100 people including executive management, operations management and skilled workers and so we need to have an on the ground organizational presence in Thailand."
On the continuing relationship with Prestige, the CEO of SBD said, "Sunny Suwunnavid and Prestige have done an outstanding job of finding the contracts for Siteworks and making the very important local contacts which are invaluable in the smooth execution of our work. Prestige continues to find business development opportunities for SiteWorks in the region and we anticipate a long and mutual beneficial business relationship."
The Bangkok office of SiteWorks is Level 27 Bangkok City Tower, 179/114-116 South Sathorn Road, Bangkok 10120.
Site Works is a company engaged in the business of total site and built environment solutions. The company's core business is the performance of construction services. SiteWorks, also performs construction management and general construction services. Other services provided include the marketing and distribution of innovative construction related and other technology products.
This press release contains "forward-looking" statements as that term is defined by Section 27A of the Securities Act of 1933, as amended, (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended, (the "Exchange Act"). All statements that are included in this press release other than statements of historical fact are "forward-looking" statements. Although Siteworks believes that the expectations reflecting in these forward-looking statements are reasonable, it can give no assurance that such expectations will materialize. Important factors could cause actual results to differ materially from the expectations as disclosed herein, including without limitation, in conjunction with these forward-looking statements contained in this press release.
Contact:
C M Nurse
Email: cnurse@mysiteworks.net
--------------------------------------------------------------------------------
es sieht somit sehr interessant aus für die zukunft.denke die shortis werden ab 01.juli reagieren müssen.
Antwort auf Beitrag Nr.: 22.373.958 von 10km am 01.07.06 20:54:58hab leider noch keine Notierung gefunden, wäre ja wichtig um zu entscheiden, ob das Umtauschverhältnis lukrativ oder ein Schuss in den Ofen ist.
MfG
MfG
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