SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Event Requiring Report: March 17, 2003
STEAM CLEANING USA, INC.
(Exact name of registrant as specified in its charter)
Delaware 000-30734 11-3255619
(State of Incorporation) (Commission File Number) (IRS Employer Identification )
68A Lamar Street, West Babylon, New York
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(Address of Principal Executive Offices)
(814) 235-6140
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(Registrant's telephone number, including area code)
ITEM 5. OTHER EVENTS
The Registrant had previously advised that it had entered into a Letters of
Intent, dated February 10, 2003, to acquire the operations of Steam Cleaning and
Sterilization of Wisconsin, Inc. The terms of the acquisition include a
purchase price of $2,000,000, either in cash or cash and a note at closing.
After further due diligence and extended discussions with the acquisition and
potential financing sources, it has been determined that proceeding with the
acquisition of Steam Cleaning and Sterilization, Inc,, is not in the best
interests of the Registrant. The Letter of Intent has been terminated on the
consent of all parties involved.
The Registrant has also previously advised that it had entered into a Letter of
Intent, dated February 10, 2003, to purchase Waste Remediation Systems, Inc.,
and Bio Solutions of Maryland, LLC, for the assumption of debt, including a
promissory note in the amount of $110,000 and the issuance of 3,000,000 shares
of common stock of the Registrant. The Letter of Intent expires on or before
May 10, 2003. After further due diligence and extended discussions with the
acquisition and potential financing sources, it has been determined that
proceeding with the acquisition of Steam Cleaning and Sterilization, Inc., is
not in the best interests of the Registrant. The Letter of Intent has been
terminated on the consent of all parties involved.
On March 17, 2003, the Registrant entered into a Letter of Intent with
Communication Synergy Technologies, LLC., of 120 Allens Creek Road, Rochester,
New York 14618. Communication Synergy Technologies, LLC is a communications
software company that has developed a group-ware telephony portal for general
business application as well as, through it medical division, MedSynTech,
communication and information systems for medical specialties, primarily
diagnostic radiology.
ITEM 6. RESIGNATIONS OF REGISTRANT'S DIRECTORS
Effective as of March 18, 2003, Director Ron Likas tendered his Resignation to
the Board of Directors. Effective March 18, 2003, the Board of Directors has
accepted the resignation of Mr. Likas as a Director of the Registrant. Mr.
Likas in his letter did not advise the Registrant of any disputes with respect
with the Registrant on any matter relating to the Registrant's operations,
policies or practices.
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EXHIBITS
None
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Current Report on Form 8-K to be signed on its
behalf by the undersigned hereunto duly authorized.
By: /s/ James W. Zimbler
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James W. Zimbler
President
Date: March 21, 2003