INQU doing major spinoffs
I-INCUBATOR.COM, INC.
1221 BRICKELL AVENUE, SUITE 900
MIAMI, FLORIDA 33131
SCHEDULE 14C INFORMATION STATEMENT
INTRODUCTION
This Information Statement is being furnished by I- Incubator.com, Inc., a Florida corporation, to holders of shares of its common stock, par value $.0001 per share. I- Incubator.com, Inc. together with its subsidiaries, is referred to herein as the "Company," "i-Incubator", "we" and "us." The holders of approximately 76.77% of our outstanding common stock have consented in writing to the "spin-off" of our 100% owned subsidiaries, i-CarAuction.com, Inc., i- Teleco.com, Inc., i-Aerobids.com, Inc. and i- AntiqueAuction.com, Inc. as well as the 70% of the shares of i-RealtyAuction.com, Inc. that i-Incubator.com owns (collectively, the subsidiaries listed above shall be known as the "Subsidiaries"). In addition, these i-Incubator shareholders have agreed to distribute the 1,500,000 common shares of Wealthhound.com, Inc.(NQB:WLTH) to its shareholder. As part of the spin-off and distribution, we will distribute to you shares of each of the subsidiaries stock and the Wealthhound shares pro rata for each share of i-Incubator common stock that you own on the record date for the spin-offs. Such amount of shares that you will receive pursuant to the percentages set forth later in this document. If you are a holder of i-Incubator common stock of record at the close of business on , 2001, you will receive, as a dividend, shares of each of the Subsidiaries common stock pro rata for each share of i- Incubator common stock you hold. We expect to mail the stock certificates for Subsidiaries' common stock on or February 15, 2001. After the spin-off, the Subsidiaries will be separate companies, no longer owned in any way by i- Incubator. Should you have any questions regarding this Information Statement or the spin-off, please contact the Investor Relations Department, i-Incubator.com, Inc., 1221 Brickell Avenue, Suite 900, Miami, Florida 33131, at telephone number (305) 358-3678.
The enclosed Information Statement is being furnished to you to inform you that the "spin-off" of the subsidiaries and the transactions contemplated by it have been approved by resolutions of holders of the majority of our outstanding common stock acting under Section 607.0701 of the Florida Business Act. The Board of Directors is not soliciting your proxy in connection with the adoption of these resolutions and proxies are not requested from stockholders. These resolutions will not become effective before the date which is 20 days after this Information Statement was first sent to stockholders.
This Information Statement is first being mailed to stockholders on or about , 2001. Only stockholders of record at the close of business on will be entitled to receive this Information Statement.
