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EX-99.01 - PRESS RELEASE DATED MAY 16, 2011 - Touchpoint Group Holdings Inc.ex9901form8k051011.htm

 
 

 

UNITED STATES
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):  May 10, 2011


Intelligent Communication Enterprise Corporation
(Exact name of registrant as specified in its charter)
         
Pennsylvania
 
000-10822
 
25-1229323
(State or other jurisdiction of
 
(Commission File Number)
 
(IRS Employer
incorporation or organization)
     
Identification No.)
         
13 Spottiswoode Park Road
   
Singapore
 
088640
(Address of principal executive offices)
 
(Zip code)
     
Registrant’s telephone number, including area code:
 
011-65 6324-0225
     
n/a
(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:

¨
Written communications 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 OR DISPOSITION OF ASSETS

On May 10, 2011, Intelligent Communication Enterprise Corporation (“ICE”) closed the sale of its mobile-messaging business and all related assets to a group led by Bakel AB, a Swedish entity unaffiliated with ICE.  As provided in the sales agreement, ICE received $2.0 million in cash and 110,000,000 shares of its common stock at closing.  The common stock will be returned to ICE’s transfer agent for cancellation.  An additional $370,000 has been held by the purchaser pending reconciliation of bank balances and other financial matters.


ITEM 9.01—FINANCIAL STATEMENTS AND EXHIBITS

(d)           The following is filed as an exhibit to this report:

Exhibit
Number*
 
 
Title of Document
 
 
Location
         
10
 
Material Contracts
   
10.05
 
Offer To Purchase ICE Corp’s Messaging Businesses
 
To be filed.
         
99
 
Miscellaneous
   
99.01
 
Press Release dated May 16, 2011
 
Attached.
_______________
*
All exhibits are numbered with the number preceding the decimal indicating the applicable SEC reference number in Item 601 and the number following the decimal indicating the sequence of the particular document.  Omitted numbers in the sequence refer to documents previously filed as an exhibit.


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.

 
INTELLIGENT COMMUNICATION
 
ENTERPRISE CORPORATION
 
Registrant
     
     
Date:  May 16, 2011
By:
/s/ Bala Balamurali
   
Bala Balamurali
   
Chief Executive Officer

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