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: March 29, 2004
Accesspoint Corporation
(Exact name of registrant as specified in its charter)
Nevada 000-29217 95-4721385
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification)
incorporation)
3003 S Valley View Blvd., Ste. 190 89102
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (702) 809-0206
Not Applicable
(Former name or former address, if changed since last report.)
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Item 1. Changes in Control of Registrant
None.
Item 2. Acquisition or Disposition of Assets
None.
Item 3. Bankruptcy or Receivership
None.
Item 4. Changes in Accountants
None.
Item 5. Other Events and Regulation FD Disclosure
Accesspoint Corporation announced today that its Board of Directors has approved
an agreement which facilitates the settlement of outstanding debt in excess of
$1.51 million dollars. Settlements include outstanding IRS claims against its
subsidiary, Processing Source International, Inc., and funds necessary to settle
an approximate $800,000 legal judgment obligation to Roycap, Inc.
The funding Agreement with Merchants Billing Services, Inc., a company in which
Accesspoint CEO and President, William R. Barber has a controlling interest,
calls for the sale and exchange of certain e-commerce accounts and related
billing software and host server, in exchange for the required cash. The
Agreement allows Accesspoint to repurchase the assets with stock in Treasury, at
the Company's discretion within the first twelve months.
Item 6. Resignation of Directors
None.
Item 7. Financial Statements Pro Forma Financial & Exhibits
None.
Item 8. Changes In Fiscal Year
None.
Item 9. Regulation FD Disclosures
See Items 1, 5 and 6, above.
Signatures
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 thereunto duly authorized.
Date: March 29, 2004 Accesspoint Corporation
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By: /S/ William R. Barber
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William R. Barber
President
A. EXHIBITS
None.