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: March 16, 2015

(Date of earliest event reported)


VISTA INTERNATIONAL TECHNOLOGIES, INC.

(Exact Name of Registrant as Specified in Charter)



Delaware

 

000-27783

 

84-1572525

(State or Other Jurisdiction Incorporation)

 

(Commission File No.)

 

(IRS Employer Identification No.)


4835 Monaco Street, Commerce City, CO 80022

(Address of Principal Executive Offices) (Zip Code)


Registrants telephone number, including area code: (303) 690-8300


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))



References in this document to Vista, we, us, our, or the Company refer to Vista International Technologies, Inc.

 

 

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Item 1.01.  Entry into a Material Definitive Agreement


On March 16, 2015, Vista International Technologies, Inc. (Vista) and Phoenix Renewable Technologies, Inc (PRTI) entered into a Purchase and Sale Agreement (the Sale Agreement) pursuant to which Vista will sell the 26.9 acre industrial site it owns at 1323 Fulghum Rd. in Hutchins, Texas, and the tire recycling business it operates on the premises,  to PRTI.  


The aggregate consideration to be paid by PRTI to Vista pursuant to the Sale Agreement is $3,000,000.  The closing of the sale is contingent on various closing conditions and deliveries, including deposit of earnest money, PRTIs review of the physical and environmental condition of the property, and satisfactory completion of customary due diligence.


 

Forward Looking Statements Warning

 

This filing may contain projections and other forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to the documents filed by us with the Securities and Exchange Commission, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. 


The information contained in this filing is a statement of Vistas present intention, belief or expectation and is based upon, among other things, the existing regulatory environment, industry conditions, market conditions and prices, the economy in general and Vistas assumptions. Vista may change its intention, belief or expectation, at any time and without notice, based upon any changes in such factors, in Vistas assumptions or otherwise. The cautionary statements contained or referred to in this filing should be considered in connection with any subsequent written or oral forward-looking statements that Vista or persons acting on its behalf may issue. This filing may include analysts estimates and other information prepared by third parties for which Vista assumes no responsibility.


Vista undertakes no obligation to review or confirm analysts expectations or estimates or to release publicly any revisions to any forward-looking statements and other statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

 

By including any information in this filing, Vista does not necessarily acknowledge that disclosure of such information is required by applicable law or that the information is material.

 

 

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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.

 

 

 

VISTA INTERNATIONAL TECHNOLOGIES, INC.

 

 

 

 

 

Dated:  March 16, 2015

By:

/s/ Timothy D Ruddy

 

 

 

Timothy D Ruddy, Interim Chief Executive Officer