6-K 1 a2044680z6-k.txt FORM 6-K FORM 6-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the period ended April 6, 2001 INZECO HOLDINGS INC. ------------------------------------------------------------------------ (Translation of registrant's name into English) 999 BARTON STREET, STONEY CREEK, ONTARIO L8E 5H4 CANADA ------------------------------------------------------------------------ (Address of principal executive offices) [Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F X Form 40-F ----- --------- [Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes No X ----- --------------- If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- --------------- INZECO CHANGES NAME TO RTICA CORPORATION Stoney Creek, Ontario, Canada: April 6, 2001. Inzeco Holdings Inc. announces that it has changed its name to RTICA Corporation. Accordingly, its trading symbol on CDNX has been changed from IZE to RTN and becomes effective the opening of market on Monday April 9, 2001. Trading under the old symbol IZE will cease at the close of market on Friday April 6, 2001. The Company, originally incorporated in Alberta, is applying to be continued in Ontario. Inzeco Holdings is engaged in the commercialization of RTICA(R) brand insulation through its wholly owned subsidiary, RTICA Inc. RTICA(R) is a high performance insulation made from recycled PET, a plastic that forms an ever-growing part of the global solid waste stream. It represents no health risk to install and is price-competitive with conventional mineral fiber products. Inzeco Holdings Inc. is a public company that trades under the symbol IZE on the Canadian Venture Exchange (CDNX). There are approximately 33,000,000 shares outstanding. More information: RTICA Corporation First Canadian Capital Corp Warren Arseneau Jason C. Monaco (905) 643-8669 (416) 742-5600 warren.arseneau@rtica.com info@firstcanadiancapital.com "THE CANADIAN VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE" SEC DECLARES INZECO HOLDINGS REGISTRATION STATEMENT EFFECTIVE. Stoney Creek, Ontario, Canada: January 23, 2001. Inzeco Holdings Inc. announces that a Registration Statement filed by the Company on Form 10-SB has been declared effective with the United States Securities and Exchange Commission as of January 9, 2001. The Statement covers the resale of 3,557,500 shares of common stock held by certain non-affiliated shareholders who purchased shares in a private placement in Spring, 2000. THE SALE OF REGISTERED SHARES BY THE SHAREHOLDERS WILL BE MADE ONLY BY MEANS OF THE PROSPECTUS INCLUDED IN THE REGISTRATION STATEMENT. Inzeco will not receive any proceeds from the resale of the shares. The Company intends to have its shares trade in the United States on the OTC Bulletin Board within the next few months. The Company also reports that it will issue 280,750 shares to Nice Investments LLC pursuant to an obligation contained in an agreement that led to a private placement of 2,807,500 shares to NICE Investments in May, 2000. The undertaking required the Company to have its Registration Statement effective no later than December 31, 2000, or issue an additional 10% of shares for no additional consideration. Neither the issuance of the shares nor their resale by NICE is covered by the Registration Statement. Inzeco Holdings is engaged in the commercialization of RTICA(R) brand insulation through its wholly owned subsidiary, RTICA Inc. RTICA(R) is a high performance insulation made from recycled PET, a plastic that forms an ever-growing part of the global solid waste stream. It represents no health risk to install and is price-competitive with conventional mineral fiber products. Inzeco Holdings Inc. is a public company that trades under the symbol IZE on the Canadian Venture Exchange (CDNX). There are approximately 33,000,000 shares outstanding. More information: Inzeco Holdings Inc. First Canadian Capital Corp Warren Arseneau (416) 742-5600 (905) 643-8669 info@firstcanadiancapital.com warren.arseneau@rtica.com "THE CANADIAN VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE" 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, thereunto duly authorized. Inzeco Holdings Inc. -------------------------------------- (Registrant) Date April 6, 2001 By: /s/ Robert Stikeman ------------- -------------------------------------- *Robert Stikeman, Chief Financial Officer * Print the name and title of the signing officer under his signature.

November 30 May 31 ------------- --------- ASSETS Current assets: Cash and cash equivalents $ 2,867,635 $ 1,712,725 Miscellaneous receivable 20,126 92,953 Prepaid expenses 8,442 8,442 ------------ ----------- 2,896,203 1,814,120 Fixed assets 476,148 534,481 Goodwill, net of accumulated amortization of $69,392 (2000 - $56,210) 39,546 52,728 Deferred development costs 1 1 ------------ ----------- $ 3,411,898 $ 2,401,330 ============ =========== LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIENCY) Current liabilities: Accounts payable $ 120,944 $ 768,248 Convertible debentures 356,321 349,278 ------------- ------------ 477,265 1,117,526 Shareholders' equity (deficiency): Share capital 8,373,046 5,613,805 Equity component of convertible debentures 10,722 10,722 Deficit (5,449,135) (4,340,723) ------------- ------------ 2,934,633 1,283,804 ------------- ------------ $ 3,411,898 $ 2,401,330 ============= ============

2000 1999 ----------- ----------- Income: Interest $ 41,200 $ 1,376 Fees and licenses - - ----------- ----------- 41,200 1,376 Operating expenses: General and administrative 241,824 134,148 Other 295,649 192,527 Depreciation 34,266 - Amortization 6,591 6,591 Interest on convertible debenture 13,764 17,953 Interest and bank charges 228 119 ----------- ----------- 592,322 351,338 ----------- ----------- Loss for the period (551,122) (349,962) Deficit accumulated during development stage, beginning of period Deficit accumulated during development stage, end of period Loss per share $ (0.02) $ (0.02) ----------- ----------- Weighted average number of shares outstanding 31,260,541 22,271,253 =========== ===========

2000 1999 ----------- ----------- Income: Interest $ 63,826 $ 4,737 Fees and licenses - 6,077 ----------- ----------- 63,826 10,814 Operating expenses: General and administrative 536,583 371,066 Other 532,634 258,759 Depreciation 68,533 - Amortization 13,182 13,182 Interest on convertible debenture 20,807 36,105 Interest and bank charges 499 344 ----------- ----------- 1,172,238 679,456 ----------- ----------- Loss for the period (1,108,412) (668,642) Deficit accumulated during development stage, beginning of period (4,340,723) (3,035,316) ----------- ----------- Deficit accumulated during development stage, end of period $(5,449,135) $(3,703,958) =========== =========== Loss per share $ (0.04) $ (0.03) =========== =========== Weighted average number of shares outstanding 29,055,090 22,246,450 =========== ===========

2000 1999 ----------- ----------- Cash provided by (used in): Operating activities: Loss for the period $ (551,122) $ (349,962) Items not involving cash: Interest on convertible debenture 13,764 17,953 Amortization 40,857 6,591 Change in non-cash operating working capital: Miscellaneous receivable 100,944 40,860 Loan receivable - - Prepaid expenses - - Accounts payable & accrued liabilities 68,918 130,938 ----------- ----------- (326,639) (154,160) Financing activities: Issuance of common shares 3,000 33,750 Issuance of special warrants - - Proceeds from loan payable - - ----------- ----------- 3,000 33,750 Investing activities: Purchase of fixed assets - - ----------- ----------- - - ----------- ----------- Increase (decrease) in cash and cash equivalents (323,639) (120,410) Cash and cash equivalents, beginning of period 3,191,274 190,444 ----------- ----------- Cash and cash equivalents, end of period $ 2,867,635 $ 70,035 =========== ===========

2000 1999 ------------ ------------ Cash provided by (used in): Operating activities: Loss for the period $ (1,108,412) $ (668,642) Items not involving cash: Interest on convertible debenture 20,807 36,105 Amortization 81,715 13,182 Change in non-cash operating working capital: Miscellaneous receivable 72,827 26,278 Loan receivable - (25,000) Prepaid expenses - (700) Accounts payable & accrued liabilities (661,068) (11,367) ------------ ----------- (1,594,131) (630,144) Financing activities: Issuance of common shares 2,759,241 33,750 ------------ ----------- 2,759,241 - Investing activities: Purchase of fixed assets (10,200) - ------------ ----------- (10,200) - ------------ ----------- Increase (decrease) in cash and cash equivalents 1,154,910 (596,394) Cash and cash equivalents, beginning of period 1,712,725 666,429 ------------ ----------- Cash and cash equivalents, end of period $ 2,867,635 $ 70,035 ============ ===========

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