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It was a planned merger, but July 10,

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maryl   Saturday, 10/06/07 08:57:21 PM
Re: maryl post# 1
Post # of 8 
It was a planned merger, but July 10, 2007 the agreement and plan of merger was terminated.

http://www.sec.gov/Archives/edgar/data/944627/000126327907000205/cet8k.txt

<FILENAME>cet8k.txt
<DESCRIPTION>CET SERVICES, INC. FORM 8-K JULY 10, 2007
<TEXT>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 of 15(d) of the
Securities Exchange Act of 1934


July 10, 2007
Date of Report (date of earliest event reported)


CET SERVICES, INC.
Exact name of Registrant as Specified in its Charter

California 1-13852 33-0285964
State or Other Jurisdiction Commission File IRS Employer Identification
of Incorporation Number Number

12503 E. Euclid Dr. #30, Centennial, CO 80111
Address of Principal Executive Offices, Including Zip Code

(720) 875-9115
Registrant's Telephone Number, Including Area Code

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of
the following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c))




ITEM 1.02 TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT.

On July 10, 2007, CET Services, Inc. (the "Company" or "CET") notified
Zoi Interactive Technologies, Inc. that the Company was terminating the
Agreement and Plan of Merger by and among the Company, Interactive
Acquisition Corporation, a Nevada corporation and wholly owned subsidiary of
the Company, Zoi Interactive Technologies, Inc. ("Zoi"), and CET Services of
Nevada, Inc., a Nevada Corporation, dated as of February 16, 2007 as amended
on June 13, 2007 (the "Merger Agreement"). The Merger Agreement provided that
a newly-formed subsidiary of CET would merge into Zoi and that the
shareholders of Zoi would receive approximately 34,899,000 shares of CET
common stock in exchange for their Zoi shares. The Company determined to
exercise its right to terminate the Merger Agreement as a result of Zoi's
inability to make progress on matters necessary to complete the proposed
merger.

Under the terms of the Merger Agreement, the Company is not subject to
any termination fee or other penalty as a result of the termination of the
Merger Agreement.

Craig C. Barto, a member of CET's Board of Directors, holds 1,000,000
shares of Zoi Common Stock, and it had been expected that his son would have
become a Director of the surviving entity after the merger.

Also on July 10, 2007, the Company's Stock Purchase Agreement with
Steven Davis dated February 16, 2007 was terminated by mutual agreement. The
Stock Purchase Agreement had provided that the Company would purchase from
Mr. Davis, CET's President and Chief Executive Officer, 1,000,000 outstanding
shares of CET common stock held by Mr. Davis by transferring certain real
estate properties owned by the Company to Mr. Davis. The closing of the Stock
Purchase Agreement had been contingent on the completion of the proposed
merger with Zoi.



SIGNATURE

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 hereunto duly authorized.

CET SERVICES, INC.
(Registrant)



Date: July 11, 2007 By: /s/ Steven H. Davis
Steven H. Davis, President and
Chief Executive Officer


</TEXT>
</DOCUMENT>







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