2
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 report (Date of earliest event reported): July 7, 2004
The CattleSale Company
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(Exact name of registrant as specified in its charter)
Delaware 001-07636 74-1605174
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(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.
9901 IH-10 West, Suite 800, San Antonio, Texas 78230-2292
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Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: 210-558-2898
Item 5. Other Events
The CattleSale Company (the "Buyer") has completed its acquisition of
CowTek, Inc (the "Seller"). A copy of the press release announcing the
acquisition is attached as exhibit 99.1
Item 7. Financial Statements, Pro Forma Financial Statements and Exhibits
99.1 Press Release dated July 7, 2004
Exhibit 99.1
FOR IMMEDIATE RELEASE
THE CATTLESALE COMPANY COMPLETES ITS ACQUISITION OF COWTEK INC.
San Antonio, Texas, July 7, 2004...The CattleSale Company (BB OTC "CTLE")
announced today that it has completed its acquisition of CowTek, Inc. CowTek
Inc., headquartered in Brule, Nebraska, www.cowtek.com, is the industry leader
in ISO Memory tag technology with a cutting edge proprietary distributive
database management system for the identification and traceability of individual
cattle records. This high tech production system has been designed to modernize
and improve the livestock industry with affordable production tools, which allow
each animal to carry its' own data in an ISO Memory Tag creating a unique
distributed database. The production tools, consisting of production management
software, utilizes industry ISO read/write hardware technology to communicate
data to and from each animal wearing the ISO Memory Tag (data chip) forming the
distributed database, which is less controversial and easier to use than what is
currently available in the market place. With the appropriate pass code, the
data chip can be accessed and managed allowing the producers to keep control of
this valuable data and build value into the sale of the animal(s) to each
segment of the livestock industry. This new platform also allows the livestock
industry to meet new consumer and export guidelines along with government
mandates. The fact that the animal' information remains on the data chip and can
be updated by each owner is significantly different from other industry ID
systems on the market that rely on read only ID tags with a centralized database
system separate from the animal. The application of this unique traceability
system can extend beyond the live production chain of the cattle industry all
the way to the end consumer.
The acquisition was structured around the issuance of 300,000 shares of
CattleSale Company $10 Convertible Preferred Stock B and 4,000,000 stock options
on CattleSale common stock exercisable between $.25 and $.75 for a combined
exercise price of $2,120,000.
Contact:
David Geiman, CEO
The CattleSale Company
San Antonio, Texas 78230
(210) 558 2898
This press release contains forward-looking statements about the business,
financial condition and prospects of the Company. The actual results of the
Company could differ materially from those indicated by the forward-looking
statements because of various risks and uncertainties, including without
limitation, the risks associated with entering into a new line of business,
changes in product demand, the reliability of the internet, changes in
competition, economic conditions, new product development, changes in tax and
other governmental rules and regulations applicable to the Company, and other
risks indicated in the Company's filings with the Securities and Exchange
Commission. These risks and uncertainties are beyond the ability of the Company
to control, and in many cases, the Company cannot predict the risks and
uncertainties that could cause its actual results to differ materially from
those indicated by the forward-looking statements. When used in this press
release the words "believes," "estimates," "plans," "expects," and "anticipates"
and similar expressions as they relate to the Company or its management are
intended to identify forward-looking statements.