form8k.htm
U.S.
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): July 2, 2008
High
Velocity Alternative Energy Corp.
(Exact
name of registrant as specified in its charter)
Nevada
(State or
other jurisdiction of incorporation)
000-49950
|
98-0232018
|
(Commission
File No.)
|
(IRS
Employer Identification No.)
|
High
Velocity Alternative Energy Corp
5841 West
66th
Street
Bedford
Park, IL 60638
(708)
496-9710
(Address
and telephone number of principal executive offices and place of
business)
(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 (17 CFR
230.425)
|
¨
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14-12)
|
¨
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
|
¨
|
Pre-commencement
communications pursuant to Rule 13ed-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
|
Section
7 – Regulation FD
Item
7.01
|
Regulation
FD Disclosure
|
The
Registrant issued a press release on July 2, 2008 regarding the Chapter 11
Bankruptcy Petition in the United States Bankruptcy Court for the Southern
District of New York (Poughkeepsie), Case No. 08-35285, as well as its
subsidiary Petroleum Products Corporation, Case No. 08-35286.
The
Untied States Bankruptcy Court for the Southern District of New York has
approved the Settlement Agreement between the Company and Highgate House Funds,
Ltd., with a one time “lump sum” payment of $750,000, in full settlement of all
amounts due and all claims by all parties against each other. The
Bankruptcy matter has been dismissed by the Court on the application of the
Company.
Section
9 -- Financial Statements and Exhibits
Item
9.01
|
Financial
Statements and Exhibits
|
|
|
Press
Release of July 2, 2008
|
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.
Dated:
July 2, 2008
|
High
Velocity Alternative Energy Corp.
|
|
|
|
By: Robert
Somerman |
|
|
Robert
Somerman, President |