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): August 25, 2005
INTEGRATED DATA CORP.
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(Exact name of Registrant as specified in charter)
Delaware 0-31729 23-2498715
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) Number)
220 Commerce Drive, Suite 300, Fort Washington, PA 19034
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(Address of principal executive offices) (Zip Code)
610-825-6224
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(Registrant's telephone number, including area code)
625 W. Ridge Pike, Suite C-106, Conshohocken, Pennsylvania 19428
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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
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act
[ ] Pre-commencement communication pursuant to Rule 13e-4(c) under the
Exchange Act
Section 1 - Registrant's Business and Operations
Item 1.01 Entry into a Material Definitive Agreement.
Integrated Data Corp ("IDC" or the "Company") has entered into an Asset
Purchase & Loan Repayment Agreement (the "Agreement") with Integrated
Technologies & Systems Ltd ("IT&S"), a greater than 5% shareholder. IT&S has
been funding the working capital requirements of the Company since April 2002
under a no interest, no security, short-term loan. The current balance of
this loan is $955,030. Under this Agreement, the Company will be selling its
$600,000 Promissory Note from DataWave Systems Inc and up to 3,773,918 common
shares of DataWave Systems Inc to IT&S for up to $$1,166,088 in cash. The
Company anticipates using these proceeds to pay off the IT&S loan, bring
current the Company's Account Payables, and supply the Company with future
operating capital.
Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
Exhibit 99.1. Asset Purchase & Loan Repayment Agreement
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Signatures
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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.
INTEGRATED DATA CORP.
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(Registrant)
Date: August 26, 2005
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By: /s/David C. Bryan
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David C. Bryan
Chief Executive Officer &
President
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