UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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 reported) June 23, 2003
WESTSPHERE ASSET CORPORTION INC.
(Exact name of registrant as specified in its charter)
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Colorado |
0-32051 |
98-0233968 |
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(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification Number No.) |
1528 9th Avenue S.E., Calgary, Alberta T2G 0T7
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (403) 290-0264
(Former name or former address, if changed since last report)
ITEM 1. Changes in Control of Registrant.
Not Applicable
ITEM 2. Acquisition or Disposition of Assets
Not Applicable
ITEM 3. Bankruptcy or Receivership
Not Applicable
ITEM 4. Changes in Registrants' Certifying Amendments
Not Applicable
ITEM 5. Other Event and Regulation FD Disclosure
Press Release
Monday June 23 2003
Calgary, Alberta
Corporate review related to Westsphere Asset Corporation Inc, a wholly owned subsidiary Vencash Capital Corporation
Westsphere Asset Corporation Inc announces they are presently reviewing the benefits of a potential sale, merger or acquisition related to Westsphere 's core business operations Vencash Capital Corporation.
Douglas N. Mac Donald, President and CEO of Westsphere Asset Corporation Inc issued the following statement this date regarding the above.
The management of Westsphere has commenced a review, which includes the entering into of preliminary
discussions and due diligence examinations with a number of non-affiliated, unrelated third parties. These discussions relate to a possible acquisition of one of the parties by Vencash, a possible sale of Vencash to one of the parties, and a possible merger with Vencash and one of the parties. All of the potential transactions are unrelated to each other.
Mr. Mac Donald further stated the reviews and due diligence is very preliminary and no agreements have been entered into other than normal course of business non-disclosure agreements. The review and due diligence examinations will be ongoing and this announcement is being distributed in order to provide disclosure to our shareholders and the public.
This Current Report on Form 8-K contains certain forward-looking statements. All statements, other than statements of historical fact, included herein, are forward looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made, and Westsphere Asset Corporation Inc. does not undertake an obligation to update forward-looking statements should conditions or management's estimates or opinions change.
DISCLAIMER
Forward-Looking Statements: This report contains certain forward-looking statements. All statements, other than statements of historical fact, included herein, are forward looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made, and Westsphere Asset Corporation Inc. does not undertake an obligation to update forward-looking statements should conditions or management's estimates or opinions change.
ITEM 6. Resignation of Registrants' Directors
Not Applicable
ITEM 7. Financial Statements and Exhibits
Not Applicable
ITEM 8. Change in Fiscal Year
Not Applicable
ITEM 9. Regulation FD Disclosure
Not Applicable
SIGNATURES
Pursuant to the requirements of the Securities Exchange of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
DATE: June 23, 2003
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WESTSPHERE ASSET CORPORTION INC. By:/s/ DOUGLAS MAC DONALD_____ Name: Douglas Mac Donald Title: President |
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