Power Sports Factory, Inc - FORM 8-K - October 22, 2010

 
UNITED STATES
 SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): October 22nd, 2010
 
 
 
POWER SPORTS FACTORY, INC.
      (Exact Name of Registrant as Specified in Charter)
 
 
 
Minnesota 000-25385
41-1853993
(State or Other Jurisdiction
 of Incorporation)
 (Commission
File Number)
( I.R.S. Employer
Identification No.)
 
 
300 Walnut Street, Philadelphia, PA   19106
(Address of Principal Executive Offices)   (Zip Code)
 
 
(267) 546-9073
Registrant's telephone number, including area code

 
Former name or former address, if changed since last report

 
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 (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))
 
 
 
 
 
 

Item 7.01.                                Regulation FD Disclosure.

The Company is by letter advising its vendors, suppliers and shareholders that the Company has closed its business due to financial difficulties.  The Company has sold the balance of its inventory and has distributed the proceeds to its secured lender. At this time, the Company does not anticipate that there will be any funds available to pay the Company’s unsecured creditors.

 
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SIGNATURE

 Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

    POWER SPORTS FACTORY, INC.  
         
Date: October 22nd, 2010
   By: 
/s/ Shawn Landgraf
  
 
    
Shawn Landgraf
  


 


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