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
January 16, 2001
Date of report (Date of earliest event reported)
GENFINITY CORPORATION
(Exact Name of Registrant as Specified in Charter)
Delaware 0-22045 13-3525328
(State or Other (Commission File Number) (IRS Employer
Jurisdiction Identification No.)
of Incorporation)
309 West Rosemary Street, Suite 105, Chapel Hill, North Carolina 27516
(Address of Principal Executive Offices)
(919) 960-2660
(Registrant's telephone number, including area code)
Item 5. Other Events.
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Genfinity Corporation announces the downsizing of some of its
operations.
Genfinity Corporation is undergoing a downsizing of personnel,
facilities, and has ceased active sales of the web design and development
portions of the corporation's operations. These changes were made as similar
downsizing has occurred throughout the web-oriented business and consulting
industry segment.
Genfinity Corporation has also refocused web hosting operations,
consulting and training services, and reduced related administrative and
overhead costs. These efforts have been refocused to bring costs inline with
revenues and reduce ongoing expenses.
Costs associated with this downsizing will fall into both the fourth
calendar quarter of 2000 and the first calendar quarter of 2001.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Company has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Genfinity Corporation
Date: January 19, 2001
By /s/ Nick Tsismenakis
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Name: Nick Tsismenakis
Title: Director
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