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 event): December 9, 2003
Internet Business International, Inc.
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(Exact name of registrant as specified in its charter)
Nevada 0-20259 33-0845463
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
2250 East Tropicana, Suite 19-309
Las Vegas, Nevada 89119
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(Address of principal executive offices) (Zip Code)
(775) 588-2387
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Registrant's telephone number, including area code
None
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(Former name or former address, if changed since last report)
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.
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.
INTERNET BUSINESS INTERNATIONAL, INC.
Date: December 9, 2003 By: /s/Albert R. Reda
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Albert R. Reda
Chief Executive Officer