SINO-American Development Corp – ‘8-K’ for 2/9/04

On:  Friday, 2/20/04, at 5:19pm ET   ·   For:  2/9/04   ·   Accession #:  1010549-4-124   ·   File #:  0-26760

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Current Report   —   Form 8-K
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Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                         3     10K 

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XERION ECOSOLUTIONS GROUP INC.

Filing Type: 8-K
 Description: Current Report
Filing Date: February 20, 2004
Period End: February 9, 2004

 Primary Exchange: Over the Counter Includes OTC and OTCBB
Ticker: XECO

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 Table of Contents

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 8-K

ITEM 5.........................................................................1

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SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15d of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): February 9, 2004

XERION ECOSOLUTIONS GROUP INC.
(Exact name of registrant as specified in its charter)

    Colorado                     0-26760                    84-1286065
(State of Incorporation)          (Commission               (I.R.S   Employer 
                                   File Number)              Identification No.)

 Suite 905, 102-4369 Main St
Whistler BC, Canada, V0N 1B4
 (Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code (604) 696-0073 

 Former name: IMMULABS CORPORATION

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ITEM 5.  OTHER EVENTS.                                                          

Purchase Agreements Canceled                                                    

On January 7, 2004,  the Company  received  final  results  from an  independent
review of its patent application for XRS technology. The review was conducted by
Dr.  David  Dreisinger,  President  of  Dreisinger  Consulting  Inc.  who  is  a
specialist consultant in the field of hydrometallurgy.                          

Dr. Dreisinger  confirmed that much of the chemistry  surrounding XRS technology
is known to be valid but pointed out that these valid components  appear to have
been developed by parties other than the Vendors.  The Vendors of the technology
(Byron Knelson,  Ryan Jones,  Richard Hewlett) previously  maintained that a new
component of the  chemistry,  purportedly  developed by them,  adds  significant
value to the existing  body of  knowledge.  However,  documents  supplied to Dr.
Dreisinger  by the Vendors have not confirmed  their  claims.  The required test
work  appears to be either  insufficient  or  non-existent.  This is contrary to
numerous  and  specific  previous  representations  made  by  the  Vendors  that
'extensive  test work' had been  conducted,  which verified their claims.  It is
unknown  at this  time  whether  reliable  scientific  test  work  was  actually
conducted by the Vendors  prior to selling the  technology  to the company.  The
Vendors were given ample opportunity to respond to Dr.  Dreisinger's report with
further evidence in support of their claims, however, they have failed to do so.
The Company has cancelled the purchase  agreement with the vendors and is taking
steps for  recovery  of shares  that were  granted  to them.  Additionally,  the
company is currently  evaluating  its legal options for return of funds expended
in reliance upon the vendor's representations.                                  

On March 17,  2003,  the company  entered  into  agreement to purchase 67 mining
claims from Richard  Hewlett.  Mr. Hewlett was to deliver  documentation  of his
previous  exploration work on the properties to the company. He has neglected to
do so. The company has canceled this purchase agreement and recovered the shares
that were granted related to the purchase price.                                

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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.                                           

                     Date: February 20, 2004

                            XERION ECOSOLUTIONS GROUP INC.

               By: /s/ Ben Traub
                      ------------------
             Ben Traub
             President

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘8-K’ Filing		Date		First		Last			Other Filings
Filed on:		2/20/04		1		3
For Period End:		2/9/04		1		2
		1/7/04		3					8-K
		3/17/03		3					3,  8-K
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