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): August 16, 2002
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TUCOWS INC.
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(Exact Name of Registrant as Specified in Charter)
Pennsylvania 0-28284 23-2707366
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
96 Mowat Avenue, Toronto, Ontario, Canada M6K 3M1
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (416) 535-0123
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ITEM 5. OTHER EVENTS.
On August 16, 2002, Tucows Inc., a Pennsylvania corporation (the
"Company"), and Alacritude, LLC, a Delaware limited liability company
("Alacritude"), executed an asset purchase agreement (the "Agreement"). Pursuant
to the Agreement, the Company sold and transferred to Alacritude certain
intellectual property and technology assets comprising of the Company's search
and reference services, eLibrary and Encyclopedia.com, for $400,000 in cash, and
a promissory note payable to the Company on October 31, 2002, in the amount of
$1,121,480. The promissory note is secured by a security interest in all of
Alacritude's assets and certain investment property of Patrick J. Spain, a
member of Alacritude and its Chairman and Chief Executive Officer.
A copy of the press release dated, August 16, 2002, issued in connection
with execution of the Agreement, is attached as Exhibit 99.1 hereto and is
incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) Not Applicable.
(b) Not Applicable.
(c) EXHIBITS.
99.1 Press Release of Tucows Inc., dated August 16, 2002.
2
SIGNATURE
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.
TUCOWS INC.
Date: August 28, 2002 By: /S/ ELLIOT NOSS
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Elliot Noss
PRESIDENT AND CHIEF
EXECUTIVE OFFICER
EXHIBIT INDEX
Exhibit No. Exhibit
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99.1 Press Release of Tucows Inc., dated August 16, 2002.