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): April 15, 2005
CYBERADS, INC.
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(Exact name of registrant as specified in its charter)
Florida
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(State or other jurisdiction of incorporation)
333-62690 65-1000634
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(Commission File Number) (IRS Employer Identification Number)
370 Amapola Ave. # 202, Torrance, California 90501
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(Address of principal executive offices, including zip code)
(561)672-2193
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(Registrant's telephone number, including area code)
N/A
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(Former name or former address, if changed since last report)
SECTION 5- CORPORATE GOVERNANCE AND MANAGEMENT
ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION
OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS.
Jeff Criswell has been appointed President of the registrant,
effective April 15, 2005. Mr. Criswell will also serve on the
board of directors.
Mr. Criswell played professional football from 1987 to 1998 with
the Indianapolis Colts; the New York Jets; and the Kansas City
Chiefs. For the past five years, Mr. Criswell has been the owner
of Criswell Enterprises which is in the business of residential
and commercial real estate development.
The terms and conditions of Mr. Criswell's employment agreement
are still being negotiated; however, it is anticipated that Mr.
Criswell's base annual salary will be $120,000, with certain bonus
incentives yet to be specified.
Mr. Criswell resides in Newport Beach, California.
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.
Cyberads, Inc.
Dated: April 21, 2005 By: /s/ JEFF CRISWELL
President