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) October 3, 2006
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Online Vacation Center Holdings Corp.
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(Exact name of registrant as specified in its charter)
Florida 0-32137 65-0701352
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
1801 N.W. 66th Avenue, Plantation, Florida 33313
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (954) 377-6400
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Not applicable
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(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):
[ ] 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 1.01 Entry Into a Material Definitive Agreement
On October 3, 2006, Online Vacation Center Holdings Corp. consummated the
acquisition of La Fern, Inc., a Miami Lakes, Florida travel agency, operating as
eLeisureLink.com, that provides a one stop location for great vacation values,
pursuant to the terms of an Acquisition Agreement, dated October 3, 2006, by and
among Online Vacation Center Holdings Corp., a Florida corporation, La Fern,
Inc. d/b/a/ Leisure Link International, a Florida corporation, and Lawrence
Fishkin, an individual.
Pursuant to the Acquisition Agreement, Online Vacation Center Holdings Corp.
purchased and acquired all of the issued and outstanding ownership interests of
La Fern, Inc. for $ 25,000 cash and a $ 375,000 Convertible Note, bearing
interest at 6% per annum, with principal payable at maturity of October 1, 2009
and interest payable semi-annually on April 1, 2007 and on each April 1 and
October 1 thereafter. The note may not be prepaid and shall be convertible at
the election of Holder prior to maturity into 187,500 shares of Online Vacation
Center Holdings Corp. common stock at a conversion price equal to $2.00 per
share.
The foregoing description of the Acquisition Agreement and the transactions
consummated thereby is qualified in its entirety by reference to the Acquisition
Agreement attached as Exhibit 2.1 hereto and the press release attached as
Exhibit 99.1 hereto, and incorporated herein by reference.
Item 2.01 Completion of Acquisition or Disposition of Assets
On October 3, 2006, Online Vacation Center Holdings Corp. consummated the
acquisition of La Fern, Inc., a Miami Lakes, Florida travel agency, operating as
eLeisureLink.com, that provides a one stop location for great vacation values,
pursuant to the terms of an Acquisition Agreement, dated October 3, 2006, by and
among Online Vacation Center Holdings Corp., a Florida corporation, La Fern,
Inc. d/b/a/ Leisure Link International, a Florida corporation, and Lawrence
Fishkin, an individual. The information set forth in Item 1.01 above is
incorporated into this Item 2.01 by reference.
Item 9.01 Financial Statements and Exhibits.
(a) Financial Statements of Business Acquired. In accordance with Item
9.01(a)(4) of Form 8-K, the financial statements required by Item 9.01(a) will
be filed by amendment not later than 71 days after the date this Current Report
on Form 8-K is required to be filed.
(b) Proforma Financial Information. In accordance with Item 9.01(b)(2) of Form
8-K, the pro forma financial information required by Item 9.01(b) will be filed
by amendment not later than 71 days after the date this Current Report on Form
8-K is required to be filed.
(d) Exhibits.
2.1 Acquisition Agreement, dated October 3, 2006, by and among Online Vacation
Center Holdings Corp., La Fern, Inc., and Lawrence Fishkin.
99.1 Press Release dated October 3, 2006
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
Date: October 3, 2006 ONLINE VACATION CENTER HOLDINGS CORP.
BY: /s/ EDWARD B. RUDNER
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Edward B. Rudner
Chief Executive Officer
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