UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED):
February 23, 2004
TANKLESS SYSTEMS WORLDWIDE, INC.
(fka) ELUTION TECHNOLOGIES, INC.
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(EXACT NAME OF REGISTRANT SPECIFIED IN CHARTER)
NEVADA 000-27549 88-0362112
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(STATE OF (COMMISSION FILE (IRS EMPLOYER
INCORPORATION) NUMBER) IDENTIFICATION NO.)
7650 East Evans, Suite C
Scottsdale, Arizona 85260
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
(480) 609-7575
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(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
ITEM 5. OTHER EVENTS.
On February 23, 2004, the Registrant sent to the Securities and
Exchange Commission its Form D, Rule 506 Notice regarding its Five
Hundred Thousand Dollar ($500,000.00) private placement financing to
accredited investors. The investor receives a one year debenture with
an interest rate of Ten percent (10%) per year, payable quarterly.
Further the investor receives One (1) share of the restricted stock of
the Registrant for each Two Dollars ($2.00) of debentures purchased.
As of May 12, 2004 the amount of debentures sold and paid for was the sum
of Four Hundred Forty Eight Thousand Seven Hundred Fifty Dollars
($448,750.00). The Registrant believes it will complete the financing by
May 21, 2004.
This Five Hundred Thousand Dollar ($500,000.00) financing, after expenses
and commissions, will be used for working capital and product
development by the Registrant.
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 hereunto duly authorized.
TANKLESS SYSTEMS WORLDWIDE, INC.
By: /s/ Thomas Kreitzer
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Thomas Kreitzer, President
Dated: May 13, 2004