8-K 1 v11029_8k.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 Date of Report (Date of earliest reported): January 7, 2005 CTT INTERNATIONAL DISTRIBUTORS INC. (Exact name of registrant as specified in charter) DELAWARE 0-30919 98-6218467 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 1145 WEST 7TH AVENUE, VANCOUVER, BRITISH COLUMBIA V6H 1B5, CANADA (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (604) 733-2600 Copies to: Marc Ross, Esq. Stephen M. Fleming, Esq. Sichenzia Ross Friedman Ference LLP 1065 Avenue of the Americas New York, New York 10018 Phone: (212) 930-9700 Fax: (212) 930-9725 Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ITEM 5.03 AMENDMENTS TO ARTICLES OF INCORPORATION OR BYLAWS; CHANGE IN FISCAL YEAR. On January 5, 2005, the Board of Directors of CTT International Distributors Inc. (f/k/a Slabsdirect.com, Inc.)(the "Company") approved the merging of its wholly-owned subsidiary into the Company through the filing of a certificate of ownership with the State of Delaware. As a result, the Company changed its name to CTT International Distributors Inc. The effective date of the merger and name change was January 7, 2005. ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS Exhibit No. Description of Exhibit ----------- ---------------------- 3.1 Certificate of Ownership of Slabsdirect.com, inc. and CTT International Distributors Inc. 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 hereunto duly authorized. CTT INTERNATIONAL DISTRIBUTORS INC. Date: January 11, 2005 /s/ Amit Sankhala ----------------------- Amit Sankhala, Chief Executive Officer 2

September 30, 2004 $ ASSETS Current Assets Cash 46,803 Accounts receivable 7,641 Inventory 17,270 ---------------------------------------------------------------------------------------- Total Current Assets 71,714 Intangible Assets (Note 3) 2,344 ---------------------------------------------------------------------------------------- Total Assets 74,058 ======================================================================================== LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities Accounts payable 22,861 Accrued liabilities 4,666 Due to related party (Note 4(a)) 10,786 Note payable (Note 5) 8,736 ---------------------------------------------------------------------------------------- Total Liabilities 47,049 ---------------------------------------------------------------------------------------- Contingencies and Commitments (Notes 1 and 7) Subsequent Event (Note 8) Stockholders' Equity Common Stock (Note 6) Authorized: Unlimited number of common shares, without par value common share issued and outstanding 1 Common Shares Subscribed (Note 8) 45,500 Donated Capital (Note 4(b)) 2,000 Deficit Accumulated During the Development Stage (20,492) ---------------------------------------------------------------------------------------- Total Stockholders' Equity 27,009 ---------------------------------------------------------------------------------------- Total Liabilities and Stockholders' Equity 74,058 ========================================================================================

From May 17, 2004 (Date of Inception) to September 30, 2004 $ Cash Flows Used In Operating Activities Net loss for the period (20,492) Adjustments to reconcile net loss to net cash used in operating activities: Amortization 156 Donated services 2,000 Changes in operating assets and liabilities: (Increase) in accounts receivable (7,641) (Increase) in inventory (8,534) Increase in accounts payable and accrued liabilities 27,527 --------------------------------------------------------------------------------------------------- Net Cash Used In Operating Activities (6,984) --------------------------------------------------------------------------------------------------- Cash Flows Used In Investing Activities Web site development costs (2,500) --------------------------------------------------------------------------------------------------- Net Cash Flows Used In Investing Activities (2,500) --------------------------------------------------------------------------------------------------- Cash Flows Provided by Financing Activities Advances from a related party 10,786 Proceeds from issue of common shares 1 Proceeds from share subscriptions 45,500 --------------------------------------------------------------------------------------------------- Net Cash Flows Provided by Financing Activities 56,287 --------------------------------------------------------------------------------------------------- Net Increase in Cash and Cash Equivalents 46,803 Cash and Cash Equivalents - Beginning of Period -- --------------------------------------------------------------------------------------------------- Cash and Cash Equivalents - End of Period 46,803 =================================================================================================== Non-cash Investing and Financing Activities Inventory purchased by issue of note payable 8,736 =================================================================================================== Supplemental Disclosures Interest paid -- Income taxes paid -- ===================================================================================================

Deficit Accumulated Common During the Common Shares Donated Development Shares Amount Subscribed Capital Stage Total # $ $ $ $ $ Balance - May 17, 2004 (Date of -- -- -- -- -- -- Inception) Common share issued for cash 1 1 -- 1 Common shares subscribed for -- -- 45,500 -- -- 45,500 Donated services -- -- -- 2,000 -- 2,000 Net loss for the period -- -- -- -- (20,492) (20,492) -------------------------------------------------------------------------------------------------------------------------- Balance - September 30, 2004 1 1 45,500 2,000 (20,492) 27,009 ==========================================================================================================================

Slabsdirect.com, CTT Distributors Inc. Ltd. Adjustments Pro Forma $ $ $ Consolidated (unaudited) (audited) (unaudited) Assets Current Assets Cash 2,475 46,803 49,278 Accounts receivable -- 7,641 7,641 Inventory -- 17,270 17,270 -------------------------------------------------------------------------------------------------------------------------- Total Current Assets 2,475 71,714 74,189 Intangible Assets -- 2,344 2,344 -------------------------------------------------------------------------------------------------------------------------- Total Assets 2,475 74,058 76,533 ========================================================================================================================== Liabilities and Stockholders' Equity (Deficit) Current Liabilities Accounts payable 19,873 22,861 42,734 Accrued liabilities 1,500 4,666 6,166 Due to related parties 15,000 10,786 25,786 Note payable -- 8,736 8,736 -------------------------------------------------------------------------------------------------------------------------- Total Liabilities 36,373 47,049 83,422 -------------------------------------------------------------------------------------------------------------------------- Stockholders' Equity (Deficit) Preferred Stock, 5,000,000 preferred shares authorized with a par value of $0.0001, none issued -- -- -- Common Stock, 30,000,000 common shares authorized with a par value of $0.0001; 10,767,101 shares issued and outstanding 1,031 1 A 45 1,077 Common Stock Subscribed -- 45,500 A (45,500) -- Additional Paid-in Capital 87,215 -- A 26,963 114,178 Donated Capital 8,250 2,000 A (2,000) 8,250 -------------------------------------------------------------------------------------------------------------------------- 96,496 47,501 (20,492) 123,505 Deficit Accumulated During the Development Stage (130,394) (20,492) A 20,492 (130,394) -------------------------------------------------------------------------------------------------------------------------- Total Stockholders' Equity (Deficit) (33,898) 27,009 (6,889) -------------------------------------------------------------------------------------------------------------------------- Total Liabilities and Stockholders' Equity (Deficit) 2,475 74,058 76,533 ==========================================================================================================================

Slabsdirect.com, CTT Distributors Inc. Ltd. Nine Months From May 17, 2004 Ended (Date of Inception) September 30, to September 30, Pro Forma 2004 2004 Adjustments Consolidated $ $ $ $ (unaudited) (audited) (unaudited) Revenue -- 11,363 11,363 Cost of Sales -- (10,966) (10,966) -------------------------------------------------------------------------------------------------------------- -- 397 397 -------------------------------------------------------------------------------------------------------------- Expenses Amortization -- 156 156 Donated services -- 2,000 2,000 Office and general 2,431 1,371 3,802 Professional fees 9,437 17,362 26,799 Donated rent 2,250 -- 2,250 -------------------------------------------------------------------------------------------------------------- Total Expenses 14,118 20,889 35,007 -------------------------------------------------------------------------------------------------------------- Loss from Operations (14,118) (20,492) (34,610) Gain on Forgiveness of Debt 6,000 -- 6,000 -------------------------------------------------------------------------------------------------------------- Net Loss for the Period (8,118) (20,492) (28,610) ============================================================================================================== Basic and Diluted Loss Per Share -- (6.12) B 6.12 -- ============================================================================================================== Weighted Average Shares Outstanding 10,312,100 3,347 B (451,654) 10,767,101 ==============================================================================================================

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