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: June 04, 2008
TECHNICAL VENTURES INC.
[Name of Registrant]
New York 33-2775-A 13-3296819
[State of Incorporation] [Commission File] [IRS Ident. No.]
2000 NE 22nd St. Wilton Manors, FL. 33305
[Address of Principal Executive Offices]
Registrant Telephone No. 954/557-2688
================================================================================
ITEM 5.02 ELECTION OF DIRECTOR; DEPARTURE OF DIRECTOR
(c) On June 1, 2008, Mr. Wally Kralik, Director, of the company placed the name
of Mr. Wayne A. Doss forward for nomination to the Board of Directors and
appointment as the President and CEO of the company. The Board of Directors
unanimously resolved that Mr. Doss be elected to the Board and appointed as the
President and CEO of Technical Ventures. Mr. Doss has a 30 year career in the
financial and managerial field and has served over 20 years as a CFO and CEO of
both Private and Public Companies. Mr. Doss is a graduate from the University of
Maryland. He was the President and CEO of Keller Industries and Keller Ladders
until the company were sold in 1999. He has consulted for small public companies
and recently restored an OTCBB company to its fully reporting status. The
primary mission of Mr. Doss is to cure the current delinquency in the financial
reporting of the company and restore the company to its fully reporting status
over the next 90 days. Additionally, Mr. Doss will close the transaction of the
Amfil Technologies Inc. acquisition and insure a smooth transition of this
opportunity meeting both financial and regulatory guidelines.
(b) On June 1, 2008, Mr. Wally Kralik and Yarko Mulkewytch, Directors of
Technical Ventures Inc. resigned to focus on other interest but will remain on
call to assist with the task of restoring the fully reporting status of the
company.
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE
On June 4, 2008 the company entered into an agreement with Amfil Technologies
Inc., a Private California Company, to acquire its Ozone Technology, certain
fixed assets, and the assumption of certain short term liabilities. Technical
Ventures will issue approximately 40 million (40,000,000) shares of rule 144
restricted common stock for the purchase. Technical Ventures currently has
76,068,807 shares issued and outstanding. The specific terms of the transaction
will be released after the completion of an audit of Amfil Technologies which
will run concurrently with the audit of Technical Ventures past due financials.
The acquisition transaction will be placed before majority shareholder
consideration and comment prior to closing, which is expected before the June
30, 2008 year end of Technical Ventures Inc.
This Form 8-K may contain forward looking statements within the meaning of
Section 27A of the Securities Act of 1933, Section 21E of the Securities
Exchange Act of 1934 and Safe Harbor Statements under the Private Securities
Litigation Reform Act of 1995; The actual results could differ materially from
those set forth in the forward looking statements that are subject to risks and
uncertainties, including, but not limited to, the impact of competitive products
and pricing, product demand and market acceptance, new product development,
reliance on key strategic alliances, availability of raw materials, the
regulatory environment, fluctuations in operating results, and other risks.
SIGNATURE
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.
TECHNICAL VENTURES INC.
(Registrant)
By: /s/Wayne A Doss
-------------------------
Wayne A Doss
President & CEO
Dated: June 4, 2008
(3)