SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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) June 24, 2002
ESYNCH CORPORATION
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(Exact Name of Registrant as Specified in its Charter)
Delaware 0-26790 87-0461856
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
3511 W. Sunflower Ave., Suite 250 Santa Ana, California 90035
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (714) 258-1900
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(Former Name or Former Address, if Changed Since Last Report)
Item 2. Acquisition of Assets
Pursuant to an Escrow Agreement and Irrevocable Proxy (the "Agreement")
effective as of June 24, 2002, between the Registrant and NACIO SYSTEMS, INC., a
California corporation ("Nacio"), the Registrant purchased from Nacio all of the
issued and outstanding shares of common stock of Nacio. Nacio is California
based and provides high-reliability hosting, commercial-grade Internet
connectivity and outsourcing solutions and support services for businesses that
rely on the Internet for daily operations. On March 12, 2002, Nacio filed for
voluntary Chapter 11 bankruptcy in the United State Bankruptcy Court, Northern
District of California, Santa Rosa Division (the "Court"), Chapter 11 Case No.
02-10596. The transaction will be consummated upon completion of Nacio's plan of
reorganization. The Registrant intends to continue in this line of business. The
Registrant will acquire one hundred percent (100%) ownership interest in Nacio
in exchange for 30,000,000 shares of the Registrant's common stock.
Item 7. Financial Statement and Exhibits
(c) Exhibits
2.1 Escrow Agreement and Irrevocable Proxy effective June 24, 2002.
by and between the Registrant and Nacio (the "Agreement").
Exhibits and schedules to the Agreement are not filed herewith
and will be filed upon the request of the Commission.
99 Press Release
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 thereunto duly authorized.
Dated: July 30, 2002 ESYNCH CORPORATION
By: /s/ Thomas Hemingway
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Thomas Hemingway
Chief Executive Officer and Director
By: /s/ Mark Utzinger
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Mark Utzinger
Vice President Finance