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 report (Date of earliest event reported): June 4, 2002
Commission File No. 0-22273
Sonic Jet Performance, Inc.
-----------------------------------------------------------------------
(Exact Name of Registrant as Specified in Its Charter)
Colorado 84-1383888
-------------------------------- - -----------------------------
(State or Other Jurisdiction of (I.R.S. Employer identification No.)
Incorporation or Organization)
15662 Commerce Lane, Huntington Beach, CA. 92649
----------------------------------------------------------------------------
(Address of principal executive offices) (ZIP Code)
(714) 895-0944
--------------------------------------------------------------------------------
(Registrant's Telephone Number, Including Area Code)
Not Applicable
--------------------------------------------------------------------------------
(Former Name or Former Address, if Changed Since Last Report)
ITEM 1. CHANGE IN CONTROL OF REGISTRANT
NONE
ITEM 2. ACQUISITION OR DISPOSAL OF ASSETS
On Wednesday, May 22, 2002, Sonic Jet Performance
Signed a Letter of Intent with Technical Solutions Group pursuant
to which Technical Solutions Group, Inc. a Nevada
Corporation ("TSG") will be sold to Sonic Jet Performance,
Inc., a Colorado corporation ("Sonic") by Garth Barrett,
n individual, and TS Group, LLC, a Texas Limited Liability
Company ("Shareholders").
Sonic will acquire from Shareholders, 24,000 shares of the common
stock of TSG, representing One Hundred percent (100%) of TSG. TSG
manufactures a line of specialty vehicles for the military and
law enforcement markets. Sonic and Shareholders agree that the
structure for the acquisition of TSG shares by Sonic will be
deemed a tax-free transaction. In Consideration for the
shares Sonic shall deliver to TSG (a) Six million (6,000,000 )
million shares of Sonic common stock, (b) Two
hundred thousand ($200,000) of working capital within
fifteen (15) days of closing and (c) Two hundred
thousand ($200,000) of working capital within 45
days from closing.
ITEM 3. BANKRUPTCY OR RECEIVERSHIP
NONE
ITEM 4. CHANGES IN REGISTRANT'S CERTIFIYING ACCOUNTING
NONE
ITEM 5. OTHER EVENTS
NONE
ITEM 6. RESIGNATION OF REGISTRANT'S DIRECTORS
NONE
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial statements of businesses acquired:
The financial statements required by this item are not
included herewith and will be filed within 60 days of the
required filing date of this Form 8-K.
(b) Pro forma financial information:
The financial statements required by this item are not
included herewith and will be filed within 60 days of the
required filing date of this Form 8-K.
(c) Exhibits:
2.1 Letter of Intent among Technical Solutions Group, Inc.
a Nevada Corporation ("TSG"), Sonic Jet Performance, Inc.,
a Colorado corporation ("Sonic"), Garth Barrett, an individual,
and TS Group, LLC, a Texas Limited Liability Company
("Shareholders").
99.1 News Release of Sonic Jet Performance dated May 29, 2002.
ITEM 8. CHANGE IN FISCAL YEAR
None.
ITEM 9. REGULATION FD DISCLOSURE
None.
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 theTundersigned, thereunto duly authorized.
SONIC JET PERFORMANCE, INC.
By: /s/ Madhava Rao Mankal
-----------------------------------
Date: June 4, 2002
Madhava Rao Mankal,
Chief Financial Officer/Secretary