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Tuesday, 11/16/2004 3:46:21 PM

Tuesday, November 16, 2004 3:46:21 PM

Post# of 275592
KIPS - is this relevant?

Form 8-K for COMPOSITE SOLUTIONS INC

12-Oct-2004

Bankruptcy or Receivership, Change in Directors or Principal Officers


Item 1.03 Bankruptcy or Receivership.

On October 11, 2004, Composite Solutions, Inc. (CSI) (OTC BB: KIPS) filed a voluntary petition for liquidation under Chapter 7 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of California. The case number is 04-08830-JM7. CSI ceased operations as of this date.




Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.

Chairman of the Board Gilbert A. Hegemier and Chief Executive Officer Thomas C. Bache submitted their resignations shortly after the petition was filed, to be effective upon filing this Form 8-K. Dr. Bache has agreed to appear before the appointed bankruptcy trustee as a former officer most knowledgeable about the filing.


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