8K out, sounds good to me, good thing I bought at the bottom yesterday. My good til cancel at .023 placed weeks ago paid off. 70,000 shares, should have bought more. Have shares in an IRA and a Cash account. My IRA likes this 8-K.
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Form 8-K for ADVANCE TECHNOLOGIES INC
13-Apr-2006
Other Events
ITEM 8.01 OTHER EVENTS.
Advance Technologies Inc. has established a subsidiary, Infrared Systems International, and intends to license to that entity the right to use Advance Technologies Inc.'s intellectual property in the Infrared Security System. The actual terms of such license have not yet been determined. It is anticipated that Infrared Systems International will seek relationships with third parties for the exploitation of the Infrared Security System. Assuming that Infrared Systems International is successful in commercially exploiting the Infrared Security System, it is the current intention of the Board of Directors of Advance Technologies Inc. to distribute its then-equity interest in Infrared Systems International to the shareholders of Advance Technologies Inc. as a stock dividend, subject to compliance with applicable securities laws, but it is not anticipated that any such distribution will occur for at least twelve months.
This announcement contains certain forward-looking statements and information that are based on the beliefs of management as well as assumptions made by and information currently available to management. When used in this document, the words "anticipate," "believe," "estimate," "expect," "intend," "will," "plan," "should," "seek," and similar expressions, are intended to identify forward-looking statements. Such statements reflect the current view of management regarding future events and are subject to certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual actions or results may vary materially from those described herein as anticipated, believed, estimated, expected or intended.
Cytotekk,
