SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported) January 29, 2013
(Exact name of registrant as specified in its charter)
Registrant’s telephone number, including area code (713) 465 - 1001
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:
o Written communications pursuant to Rule 425 under the Securities Act.
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act.
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
iVoice, Inc. (IVOI) has completed the exchange of its wholly owned subsidiary, Hydra Fuel Cell Corp. (Hydra), for American Security Capital Corp. (ASCC).
IVOI acquired Hydra in an exchange of debt securities in December of 2011 and took control in January 2012. Between the December close date and the January change of control date, IVOI’s then current management issued almost all of the remaining authorized Common Stock of IVOI which subsequently left the Company unable to finance Hydra and thus unable to unlock its market opportunity.
In an effort to salvage some value for IVOI and its shareholders the Company accepted an offer from American Security Resources Corporation to exchange IVOI’s ownership of Hydra for 100% of the shares of American Security Capital Corporation (ASCC) and a convertible note of $100,000.
ASCC was established to provide financing and leasing services to the alternative energy industry. It has an agreement from Hydra to have the first offer of financing on any Hydra system sale. ASCC can provide its services using third party funders and syndicators. As such, IVOI does not have the burden to provide the capital to grow ASCC as it did with Hydra.
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.