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Form 8-K for INTERNET BUSINESS INTERNATIONAL INC
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11-Dec-2003
Other Events and Financial Statements & Exhibits
ITEM 5. OTHER INFORMATION.
On December 9, 2003, Global Debit Cash Card, Inc. ("GDCC"), a wholly owned subsidiary of Internet Business International, Inc., a Nevada corporation (the "Company") entered into an Asset Purchase Agreement with Debit Card Marketing Company, Inc., a privately held New York corporation ("DCM") to acquire certain assets relating to the DCM business. Included among the assets were the Anonymous Debit Cash Card, the Chex First Agreement, the Senior Plan Agreement, shares of DCME and other DCM assets.
The Asset Purchase Agreement is filed herewith as Exhibit 99.1, and the description contained herein of the Asset Purchase Agreement is qualified in its entirety by reference to such exhibit.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
Exhibit No. Description 99.1 Agreement dated December 9, 2003 by and between Internet Business
International, Inc. and DCM Enterprises, Inc.
Exhibits to the Asset Purchase Agreement have not been filed with this Form 8-K as the Company does not believe that such exhibits would contain information material to an investment decision that is not otherwise disclosed. The Company hereby agrees to furnish a copy of any omitted exhibit to the Securities and Exchange Commission upon its request.