SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
FORM 8-K
CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Earliest Event Reported: August 21, 2006
ENVIRONMENTAL SAFEGUARDS, INC. (Exact name of registrant as specified in its charter)
Nevada 000-21953 87-0429198 (State or other jurisdiction of (Commission (IRS Employer incorporation or organization) File Number) Identification No.)
5300 North Braeswood, Suite 4-393 Houston, Texas 77096 (Address of principal executive offices, including zip code)
(713)728-8687 (Registrant's telephone number, including area code)
2600 South Loop West, Suite 645 Houston, Texas 77054 Former Address of principal executive offices
ITEM 8.01 OTHER EVENTS
On August 21, 2006, we discovered that our stock symbol had been changed from ELSF.PK to PCUN.PK, and that we had purportedly made a 1 for 1000 reverse stock split. After an initial investigation into this matter, we discovered that a person unknown to us signing under what we believe to be a fictitious name filed false documents with the Nevada Secretary of State purporting to change the name of the company to "PCU, Inc.", change the name and address of our officers and directors, increase the number of shares of authorized common stock, and effect a reverse stock split. None of these changes have ever been legally authorized, approved or ratified by the board of directors or shareholders of Environmental Safeguards. We also discovered that the unknown person subsequently filed these documents with the Nasdaq Stock Market to accomplish an unauthorized change in our stock symbol. We have reported this matter to representatives of the Nasdaq Stock Market, Pink Sheets, LLC, the Securities and Exchange Commission, the Nevada Secretary of State, and the Office of the Nevada Attorney General.
A copy of the press release related to this filing is attached hereto as Exhibit 99.1.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits.
99.1 Press Release dated August 23, 2006
SIGNATURES
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.
ENVIRONMENTAL SAFEGUARDS, INC.
/s/ James S. Percell ---------------------------------------- Date: August 23, 2006 By: James S. Percell, President
EXHIBIT 99.1
FOR IMMEDIATE RELEASE Contact: James Percell, President Environmental Safeguards, Inc. 713-728-8687
ENVIRONMENTAL SAFEGUARDS, INC. DID NOT AUTHORIZE NAME CHANGE TO PCU, INC.
UNKNOWN PERSON CHANGES THE COMPANY'S NAME AND STOCK SYMBOL
HOUSTON, TEXAS-August 23, 2006-On August 21, 2006, Environmental Safeguards, Inc., a Nevada corporation, discovered that the company's stock symbol had been changed from ELSF.PK to PCUN.PK, and that the company had purportedly made a 1 for 1000 reverse stock split. "Since we did not request or authorize a stock symbol change or stock split, we knew that either someone had made a big mistake or a fraud had been committed", said James S. Percell, CEO and President of Environmental Safeguards, Inc.
After an initial investigation into this matter, the company discovered that a person unknown to us signing under what we believe to be a fictitious name filed false documents with the Nevada Secretary of State purporting to change the name of the company to "PCU, Inc.", change the name and address of the company's officers and directors, increase the number of shares of authorized common stock, and effect a reverse stock split. It also discovered that the unknown person subsequently filed these documents with the Nasdaq Stock Market to accomplish an unauthorized change in the company's stock symbol. "None of these changes have ever been legally authorized, approved or ratified by the board of directors or shareholders of Environmental Safeguards," said Percell.
Environmental Safeguards, Inc. has reported this matter to representatives of the Nasdaq Stock Market, Pink Sheets, LLC, the Securities and Exchange Commission, the Nevada Secretary of State, and the Office of the Nevada Attorney General.
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