U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) May 27, 2011
Commission File No. 333.136247
DOMARK INTERNATIONAL, INC.
(Exact name of small business issuer as specified in its charter)
(State or other jurisdiction of incorporation or organization)
(IRS Employer Identification No.)
254 S Ronald Reagan Blvd, Ste 134
Longwood, Florida 32750
(Address of principal executive offices)
(Issuer's telephone number)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
[ ] 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))
As used in this report,the terms "we", "us", "our", "our company" "Domark" refer
to Domark International, Inc., a Nevada corporation.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Our disclosure and analysis in this Current Report on Form 8-K contains some
forward-looking statements. Certain of the matters discussed concerning our
operations, cash flows, financial position, economic performance and financial
condition, and the effect of economic conditions include forward-looking
Statements that are predictive in nature, that depend upon or refer to future
events or conditions or that include words such as "expects,"
"anticipates,""intends," "plans," "believes," "estimates" and similar
expressions are forward-looking statements. Although we believe that these
statements are based upon reasonable assumptions, including projections of
orders, sales, operating margins, earnings, cash flow, research and development
costs, working capital, capital expenditures and other projections, they are
subject to several risks and uncertainties.
Investors are cautioned that our forward-looking statements are not guarantees
of future performance and the actual results or developments may differ
materially from the expectations expressed in the forward-looking statements.
As for the forward-looking statements that relate to future financial results
and other projections, actual results will be different due to the inherent
uncertainty of estimates, forecasts and projections may be better or worse than
projected. Given these uncertainties, you should not place any reliance on these
forward-looking statements. These forward-looking statements also represent our
estimates and assumptions only as of the date that they were made. We expressly
disclaim a duty to provide updates to these forward-looking statements, and the
estimates and assumptions associated with them, after the date of this filing to
reflect events or changes in circumstances or changes in expectations or the
occurrence of anticipated events. You are advised, however, to consult any
additional disclosures we make in our reports on Form 10-K, Form 10-Q, Form 8-K,
or their successors.
ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On May 27, 2011, Domark International, Inc. (the "Company") closed its
acquisition of Silk For Less, Inc., a Florida corporation (Silk) providing for
the issuance of convertible preferred stock of the Company in exchange for all
of the outstanding shares of Silk.
In business since 1986, Silk For Less is located in Altamonte Springs, Florida
and offers beautiful, high quality, stunning, realistic silk florals and trees
all assembled in the US, from its own showroom and warehouse. Its award winning
designs and outstanding customer service set Silk apart from the competition.
Trees are UV protected ranging in size from 3 to over 20ft tall glazed with
stoneware and Tuscan containers with traditional looks, metal containers for a
clean contemporary look, bamboo containers for that beach feel, and fiberglass
that works for any style. Silk For Less trees are made with natural tree trunks
and come with either variegated or green leaves, making them ideal for any
setting. The company also prides itself on its beautiful breath taking floral
arrangements. Silk For Less has been providing these extraordinary products for
25 years to its loyal customers, such as Rooms to Go. Silk 2010 revenues were
$1,307,000 with net income of $161,000.
A copy of the Agreement for the Exchange of Common Stock between the Company
and Silk, and its shareholder is filed herewith as Exhibit 9.1.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
Exhibit No. Description
10.1 Agreement for the Exchange of Common Stock between Domark
International, Inc. and Silk for Less, Inc.
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.
DOMARK INTERNATIONAL, INC.
Date: May 31, 2011 By: /s/ R. Thomas Kidd
R. Thomas Kidd
Chief Executive Officer