UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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 event reported): October 1, 2004
TRANSPORTATION LOGISTICS INT'L, INC.
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(Exact Name of Registrant as Specified in its Charter)
Colorado 0-25319 84-1191355
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(State of Incorporation) (Commission Fle (IRS Employer
Number) Identification No.)
136 Freeway Drive East, East Orange, NJ 07018
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(Address of principal executive offices)
(973) 266-7020
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Registrant's Telephone Number
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 communication 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 2.01 Completion of Acquisition of Assets
On October 1, 2004 Transportation Logistics acquired sixty percent (60%)
of the capital stock of Compagnie Logistique de Transports Automobiles
("CLTA"). CLTA is a French corporation located in Nugent sur Oise, France.
Its principal business is warehousing automobiles for Peugeot and Citroen,
then completing the final dealer preparation work before the automobiles are
delivered. CLTA also performs brake installation and testing of new cars for
Peugeot.
Transportation Logistics acquired the shares directly from CLTA, with
the approval of the other shareholders in CLTA. Neither Transportation
Logistics nor any of its affiliates had any prior relationship with either
CLTA or its shareholders. Transportation Logistics paid CLTA a purchase price
of $500,000 for the shares. Transportation Logistics also agreed to loan up
to $500,000 to CLTA if requested by the Board of Directors of CLTA prior to
December 31, 2004. Transportation Logistics also agreed to guarantee a lease
of ten trucks/trailers needed to fulfill its new contract with CAT/Peugeot.
Transportation Logistics borrowed the $500,000 purchase price from Kevin
Waltzer. The terms on which the loan will be repaid are still being
negotiated. Mr. Waltzer is a shareholder of Transportation Logistics.
Transportation Logistics will soon appoint three of the five members of the
CLTA Board of Directors, and Mr. Waltzer will be one of the three individuals
appointed.
EXHIBITS
1. Purchase Agreement dated September 15, 2004 among Compagnie Logistique
de Transports Automobiles, Transportation Logistics Int'l, Inc., Mr. M.
Marstal, Mr. S. Taleb, Mr. D. DeMaio and Mr. Jean-Claude Corre.
2. Financial Statements of Compagnie Logistique de Transports Automobiles -
to be filed by amendment.
3. Pro Forma Financial Statements - to be filed by amendment.
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.
TRANSPORTATION LOGISTICS INT'L, INC.
Dated: October 6, 2004 By:/s/ Michael Margolies
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Michael Margolies
Chief Executive Officer