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Form 8-K for BEVERLY HILLS WEIGHT LOSS & WELLNESS, INC
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12-Apr-2005
Change in Directors or Principal Officers
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
On March 24, 2005, Harold Kestenbaum delivered to our Board of Directors his resignation as a director, with an effective date of March 17, 2005.
On April 4, 2005, Tim Murray resigned as our President and as a Director, citing personal reasons.
At this time, no replacement officers or directors have been identified.
Item 8.01 Other Events.
As a result of a number of factors, including our declining business, recent resignations of key members of management, defaults on obligations owed to significant creditors of the company, and increased costs associated with our ongoing reporting obligations, we have elected to terminate our registration under Section 12(g) of the Securities Act of 1934 by filing a Form 15. Following effectiveness of the filing, our common stock will continue to be traded on the Pink Sheets.
EXHIBITS
None.
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why didnt i listen to myslef :( "seems to be a winner in the short or long term and have been looking to reeenter. --- Coming off its 52 week low here."
BHWW News!!
LAS VEGAS, March 28, 2005 (PRIMEZONE) -- Strictly Business Inc. (SBI), a
Nevada-domiciled company which specializes in the takeover and restructuring of
mismanaged public companies, announced today that that the large volume of
trading that occurred on Wednesday and Thursday, March 23 and 24, is a part of
the implementation of its plan to take over the management and control of
Beverly Hills Weight Loss and Wellness Inc. (OTCBB:BHWW).
SBI Chairman, Ron Ray asserts that "the primary reason for the takeover of BHWW
is that the company is being mismanaged by current management, and the
shareholders are systematically being deprived of an opportunity to derive value
for their investment. A main area of concern by SBI relates to the issuance of
shares to Insiders in exchange for questionable debt."
SBI has commenced negotiations with the current board of directors, and is in
the process of negotiating the terms and conditions relating to the resignation
of the board and the appointment of a new board, to become effective
immediately, as well as the cancellation of shares that may have been issued
without adequate consideration.
It is the intention of the officers and directors of SBI to assume control of
BHWW, through a vote of the shareholders, and to appoint new management through
a change in the Board of Directors. Once the areas of mismanagement have been
resolved, BHWW will be restructured for a potential merger with a private
company that has already been targeted.
The target company is in the health fitness and wellness industry, and is
currently generating revenues, and is profitable which will increase shareholder
value.
The merger of these companies will not only provide the target vehicle access
the capital markets, but will increase the share value for all of the current
shareholders who may have been victimized by current management.
SBI will issue future releases as additional information becomes available as it
relates to the company and its management.
CONTACT:
Strictly Business Inc.
Ron Ray, Chairman
(512) 825 4737
This is 1 8K I Can Handle!
BHWW .014
Form 8-K for BEVERLY HILLS WEIGHT LOSS & WELLNESS, INC
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3-Feb-2005
Change in Directors or Principal Officers
ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS.
Effective on December 30, 2004, John Martin resigned as our President and as a Director. Also effective on December 30, 2004, Michael D'Apolito resigned as a Director. Mr. Martin and Mr. D'Apolito have agreed to return to us for cancellation any shares of our common stock that they own on the effective date of their resignation; as of the date hereof they have not returned any of their shares for cancellation, however we anticipate that Mr. Martin's cancellation will result in the return of over 5,100,000 shares of common stock to our treasury.
Effective on January 20, 2005, our Board of Directors appointed Tim Murray as our President. Mr. Murray became a member of our board of directors in May 2004. Mr. Murray was a licensed stock broker beginning in 1983, and has been an independent consultant since 1991, providing services in the area of investor relations. Mr. Murray is not a director of any other reporting issuers and has no family relationship with any of our other officers or directors. During the past two years, Mr. Murray has been a party to two consulting agreements with us. Under the first agreement, dated November 11, 2003, he was retained as our Director of Corporate Development for a period of one year, and received 500,000 shares of our restricted common stock for each six-month term. Under the second agreement, dated April 13, 2004, he was retained as our vice President of Corporate Development, and agreed to serve as a member of the Board of Directors. He received 500,000 shares of our restricted common stock, and is entitled to receive another 500,000 shares of our restricted common stock as of October 2004, which has not yet been issued. In addition, he has received 500,000 shares of our common stock from existing shareholders.
ITEM 9.01 EXHIBITS
ITEM NO. DESCRIPTION
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10.1 Consulting Agreement with Tim Murray dated November 11, 2003
10.2 Consulting Agreement with Tim Murray dated April 13, 2004
Return Those Shares!!!
:)
Company Webite Link
http://www.beverlyhillsweightloss.com/NewsRel.php
This is one of my longer term ones. Want to see if they can pull off a LA Weight Loss kinda thing. We'll see... Gotta have something other than pinkie flippers. LOL
I sold on either Friday or Monday .. cant remember. Was shook out and happy to get .015 from my .010 buy --nice flip ... I do think from my limited knowledge that it seems to be a winner in the short or long term and have been looking to reeenter. --- Coming off its 52 week low here.
Hey pdc.... are we going anywhere here? I had to pick some up the other day and waiting for the good word.
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