UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): November 4, 2005
AIMSI TECHNOLOGIES, INC.
------------------------
(Exact Name of Registrant as Specified in Its Charter)
Utah
(State or Other Jurisdiction of Incorporation)
0-30685 87-0305395
------- ----------
(Commission File Number) (I.R.S. Employer Identification No.)
702 South Illinois Avenue, Suite 203
Oak Ridge, TN 37830
(Address of Principal Executive Offices)
713-271-2118
------------
(Registrant's Telephone Number, Including Area Code)
Not Applicable
(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 2.01 Completion of Acquisition or Disposition of Assets
On November 4, 2005, Advanced Integrated Management Services, Inc., a
Tennessee corporation ("AIMSI Services") and a wholly owned subsidiary of the
registrant, AIMSI Technologies, Inc. (the "Company"), consummated the redemption
by Weskem, LLC, a Delaware limited liability company ("Weskem"), of the 9.5%
limited liability company equity interest (the "LLC Interest") held by AIMSI
Services in Weskem. In consideration for the redemption of the LLC Interest,
Weskem paid to AIMSI Services $545,000 in cash. As a result of such redemption,
which is effective as of September 30, 2005, AIMSI Services is no longer
entitled to any current or future earnings of Weskem. Weskem manages legacy
waste at the United States Department of Energy's facilities in Oak Ridge,
Tennessee, and Paducah, Kentucky.
SIGNATURE
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.
AIMSI TECHNOLOGIES, INC.
Date: November 10, 2005 By: /s/ Roland Edison
-------------------------------------------
Roland Edison
Chairman of the Board of Directors