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) November 16, 2006
ENCOMPASS
HOLDINGS, INC.
(Exact
name of registrant as specified in its charter)
Nevada
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333-82608
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95-4756822
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(State
or other jurisdiction of
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(Commission
File Number)
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(I.R.S.
Employer
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Incorporation
or organization)
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Identification
No.)
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1005
Terminal Way, Suite 110, Reno NV 89502-2179
(Address
of principal executive offices) (Zip Code)
(775)
324-8531
(Registrant’s
telephone number, including area code)
(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:
¨
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Written
communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
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¨
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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¨
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR
240.14d-2(b))
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¨
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR
240.13e-4(c))
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Section
8-
Other
Events
Item
8.01
Other
Events
The
Registrant has issued the press release attached to this report as Exhibit
99.1.
Section
9-
Financial
Statements and Exhibits
Item
9.01
Financial
Statements and Exhibits
99.1
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Press
Release dated November 16, 2006
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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.
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Encompass
Holdings, Inc.
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By:
/s/ Arthur N. Robins
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Chief
Executive Officer
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Dated:
November 16, 2006
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Exhibit
99.1
ENCOMPASS
HOLDINGS ANNOUNCES STRATEGIC PARTNERSHIP WITH STARFISH CAPITAL
PARTNERS
Reno,
NV. - November 15, 2006 - Encompass Holdings, Inc. (OTCBB: ECMH),
a
consumer products and professional services company, and its wholly-owned
subsidiary Aqua Xtremes Inc., the maker of the XBoard, announced today that
StarFish Capital Partners has
completed
the purchase of
10
million shares of the common stock of Encompass Holdings under the
Company’s effective registration statement on
Form
SB-2.
TahitiPetey
Aqua Xtreme Sports, Inc, a portfolio company of StarFish Capital Partners,
has
also placed
an
order
with
Aqua
Xtremes totaling $76.9 million
for the
purchase of Xboards. The purchase order
is
contingent on
the
receipt of
EPA
approval
by
Aqua
Xtremes for its
rotary
engine.
Aqua
Xtremes anticipates receiving such EPA approval by the end of
2006
or
beginning of the
first
quarter
2007.
Pursuant
to the purchase order,
TahitiPetey
Aqua Xtreme Sports, Inc.
is
required to make a $1 million deposit upon the receipt of EPA approval for
the
rotary engine to be used on the Xboard.
StarFish
Capital Partners has already begun marketing the TahitiPetey XBoard worldwide
through trade and consumer shows, and its website,
www.TPXBoard.com
.
StarFish
Capital Partners is a Las Vegas-based venture capital and business development
firm, with
fifteen
TahitiPetey
branded companies in various stages of operation or development, including
the
one launching the private-
label
TahitiPetey XBoard.
Additional
information about StarFish Capital can be found at its
website
www.starfishcapital.com
.
“Our
relationship with StarFish Capital Partners, and its TahitiPetey brand is
important for the continued growth of the XBoard brand," commented Art Robins,
CEO of Encompass Holdings, Inc. “We look forward to working with the experienced
management team at StarFish Capital Partners to help launch the TahitiPetey
XBoard, which is a private labeled product”, he added.
The
TahitiPetey XBoard provides the user with the ultimate jet-powered surfing
experience that is unlike any product currently available in the market. Its
user friendly design allows for users of all ages, and the XBoard is well suited
for use on lakes, rivers and oceans. It is expected to be available by December
2006, with initial TahitiPetey XBoards heading to destination resorts overseas.
“We
believe that our strategic relationship with Encompass Holdings will provide
the
expertise required to successfully launch the TahitiPetey branded XBoard,”
explained Peter D. Ortmann, Chairman/CEO of StarFish Capital Partners. “We
believe in Art’s vision for the company that’s why we made this investment, and
we look forward to working with Encompass Holdings and continuing to help bring
their products to market,” he concluded.
About
Encompass Holdings, Inc
Encompass
Holdings specializes in the marketing and development of consumer products
and
professional services. The Company’s subsidiary, Aqua Xtremes, is a power sports
company and developer of the XBoard jet-powered recreational water craft and
owner of Xtreme Engines, Inc. and Rotary Engine Technologies, Inc.,
manufacturers of rotary engines. The Company’s other subsidiary, Nacio Systems
Inc., is on-demand software as a service (SaaS) provider, comprehensive web
production consultancy, and SAS70 Type II compliant Internet hosting facility.
Nacio Systems, Inc. is also the parent company to Interactive Holding Group,
Inc.
www.encompassholdings.com
www.xboard.com
This
press release contains forward-looking statements. The words or phrases "would
be," "will allow," "intends to," "will likely result," "are expected to," "will
continue," "is anticipated," "estimate," "project," or similar expressions
are
intended to identify "forward-looking statements." Actual results could differ
materially from those projected in Encompass Holding's ("the Company") business
plan. The Company's business is subject to various risks, which are discussed
in
the Company's filings with the Securities and Exchange Commission ("SEC").
The
agreement with StarFish Capital Partners should not be construed as an
indication in any way whatsoever of the value of the Company or its common
stock. The Company's filings may be accessed at the SEC's Edgar system at
www.sec.gov. Statements made herein are as of the date of this press
release and should not be relied upon as of any subsequent date. The Company
cautions readers not to place reliance on such statements. Unless otherwise
required by applicable law, we do not undertake, and we specifically disclaim
any obligation, to update any forward-looking statements to reflect occurrences,
developments, unanticipated events or circumstances after the date of such
statement.
CONTACT:
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David
Isserman
(314)
494-7129
david@isserman.com
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