-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Cn4ME2Ig6xpwYZ2ddEdePzZ0OUJH0q6x3cqBIDc1E1IW6ApJTE8MzDCd3i51AQtN phofMFYXwkswtbCppm1krQ== 0001014909-06-000097.txt : 20060814 0001014909-06-000097.hdr.sgml : 20060814 20060814154249 ACCESSION NUMBER: 0001014909-06-000097 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060717 FILED AS OF DATE: 20060814 DATE AS OF CHANGE: 20060814 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: SBS INTERACTIVE CO CENTRAL INDEX KEY: 0001085220 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 650705830 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 4211 YONGE STREET STREET 2: SUITE 235 CITY: TORONTO ONTARIO CANA STATE: A6 ZIP: M2P2A9 BUSINESS PHONE: (905) 660-0646 MAIL ADDRESS: STREET 1: 4211 YONGE STREET STREET 2: SUITE 235 CITY: TORONTO ONTARIO CANA STATE: A6 ZIP: M2P2A9 FORMER COMPANY: FORMER CONFORMED NAME: INET COMMERCE CONDUIT CORP DATE OF NAME CHANGE: 19991130 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Cohn Arthur CENTRAL INDEX KEY: 0001289872 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-28363 FILM NUMBER: 061030062 BUSINESS ADDRESS: BUSINESS PHONE: 41613121212 MAIL ADDRESS: STREET 1: GELLERTSTRASSE 18 CITY: BASEL STATE: V8 ZIP: 4052 4 1 primary_doc.xml PRIMARY DOCUMENT X0202 4 2006-07-17 0 0001085220 SBS INTERACTIVE CO SBSS.OB 0001289872 Cohn Arthur GELLERTSTRASSE 18 BASEL V8 4052 SWITZERLAND 0 0 1 0 Convertible Loan 0.03 2006-07-17 4 P 0 253940 A 2006-07-17 Common Stock 25393998 855045.76 D The Reporting Person loaned the Issuer $253,940.00 pursuant to a demand convertible promissory note that is immediately convertible at the option of the Reporting Person into shares of Common Stock at a conversion price of $0.03 per share, an immediately exercisable three-year warrant to purchase 8,464,666 shares of Common Stock at an exercise price of $1.00 per share, and an immediately exercisable three-year warrant to purchase 8,464,666 shares of Common Stock at an exercise price of $1.25 per share. Following the transaction reported by this report, the Reporting Person holds demand convertible promissory notes totaling $855,045.76, plus accrued interest, that are immediately convertible at the option of the Reporting Person, as of the date hereof, into shares of Common Stock at a conversion price of $0.03 per shares, immediately exercisable three-year warrants to purchase 33,419,886 shares of Common Stock at an exercise price of $1.00 per share, and immediately exercisable three-year warrants to purchase 27,154,867 shares of Common Stock at an exercise price of $1.25 per share. /s/ Arthur Cohn 2006-08-10 -----END PRIVACY-ENHANCED MESSAGE-----