-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Pocu4kx3sWE+AbGlmQr6SSUydt9rckJ6BoaN0pOGv4lThpLr+d/Eg+Kd0VweiFWV trdIi1RHvRSg7Y50oOEJuQ== 0000949353-05-000212.txt : 20050611 0000949353-05-000212.hdr.sgml : 20050611 20050606163717 ACCESSION NUMBER: 0000949353-05-000212 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20050524 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050606 DATE AS OF CHANGE: 20050606 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CHINA WIRELESS COMMUNICATIONS INC CENTRAL INDEX KEY: 0001125280 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] IRS NUMBER: 911966948 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-49388 FILM NUMBER: 05880836 BUSINESS ADDRESS: STREET 1: 44990 HEYDRENREICH CITY: CLINTON TOWNSHIP STATE: MI ZIP: 48038 BUSINESS PHONE: 5198692677 MAIL ADDRESS: STREET 1: 44990 HEYDRENREICH CITY: CLINTON TOWNSHIP STATE: MI ZIP: 48038 FORMER COMPANY: FORMER CONFORMED NAME: I TRACK INC DATE OF NAME CHANGE: 20001005 8-K 1 f8-k_052405.htm FORM 8-K 05-24-05

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): May 24, 2005

 

CHINA WIRELESS COMMUNICATIONS, INC.

(Exact name of registrant as specified in its charter)

 

 

Nevada

(State or other jurisdiction of incorporation)

333-49388

(Commission

File Number)

91-1966948

(IRS Employer

Identification No.)

 

 

1746 Cole Boulevard, Suite 225, Golden, Colorado 80401-3208

(Address of principal executive offices) (Zip Code)

 

Not Applicable

(Former name or former address, if changed since last report)

 

Registrant’s telephone number, including area code (303) 277-9968

 

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):

 

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

 

 

Item 1.01

Entry into a Material Definitive Agreement

 

On May 24, 2005, the registrant entered an agreement with Tianjin Create IT Company Ltd. through which the registrant will acquire 51% of Tianjin Create Co. The registrant will pay the founders of Create Co. $25,000 no later than August 31, 2005 and $15,379 on or about December 31, 2005. In addition, the registrant will issue 448,665 restricted shares of its common stock upon completing the acquisition.

 

This agreement replaced an earlier agreement that contemplated the acquisition of a 60% interest in Tianjin Create Co. through CJ Information Technology Company for $250,000.

 

Tianjin Create Co. is a computer network systems integration and broadband integrator located in Tianjin City, China. Its customer base includes universities and colleges, enterprises businesses, and government entities.

 

 

Item 5.02

Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers

 

Effective May 31, 2005, Allan Rabinoff resigned as a director of the registrant due to health reasons. Dr. Rabinoff had held the position of Chairman of the board of directors.

 

 

Item 9.01

Financial Statements and Exhibits

 

Regulation

S-B Number

Document

10.1

Letter agreement with Tianjin Create IT Company Ltd. dated May 24, 2005

 

 

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.

 

CHINA WIRELESS COMMUNICATIONS, INC.

 

 

June 6, 2005

By:

/s/ Pedro E. Racelis III

 

 

Pedro E. Racelis III

 

 

President and Chief Executive Officer

 

 

2

 

 

 

EX-10 2 exh10-1_agmt.htm EXH 10-1 LETTER AGREEMENT

 

 

 

 

 

 

 

 

 

EXHIBIT 10.1

 

LETTER AGREEMENT WITH TIANJIN CREATE IT COMPANY LTD.
DATED MAY 24, 2005

 


China Wireless Communications, Inc.

 

 

May 24, 2005

 

Mr. Chun Qing (Frank) Li

President

Tianjin Create IT Company Ltd.

1006 Time Building B

ANSHANXI Road, Tianjin

 

Subject: Cooperation Agreement (CWLC and Create Co.)

 

Dear Mr. Chun Qing (Frank) Li:

 

We would like to make the following proposal to you regarding acquiring 51% of Create Co. It is our objective to have our two companies become a unified team and to assist Create Co. to become a premier systems integrator and information technology company in China.

 

China Wireless will acquire and own 51% of Create Co. for total assets of $53,839.57USD (i.e. ¥444,955RMB). China Wireless will pay Create Co. founders $25,000.00USD (i.e. ¥206,612RMB), in cash, no later than August 31, 2005 and $15,379.61 (i.e. ¥127,104RMB) on or about December 31, 2005. The effective date of this agreement will be May 27, 2005

 

The balance of the payment ($13,459.95USD i.e. ¥111,239RMB)) will be paid by issuing 448,665 shares of restricted (Rule 144) company stock valued at $0.03USD per share immediately upon completing the acquisition of Create Co. Additionally, Create Co. founders will not dilute the 51% ownership of China Wireless.

 

As China Wireless must report this transaction to the United States Securities and Exchange Commission, you agree to provide any documentation necessary to reflect and confirm this transaction.

 

Sincere Regards,

 

/s/ Pedro E. Racelis III

 

/s/ Michael Bowden

Pedro E. Racelis III (Pete)

President & CEO

 

Mike Bowden

COO

 

The above terms are agreeable and approved by Tianjin Create IT Company Ltd.

 

/s/ Frank Li

 

May 24, 2005

Mr. Chun Oing (Frank) Li

 

Date

 

Cc:

Wendy Shi

 

 

Fay Matsukage

 

 

1746 Cole Boulevard, Suite 225, Golden, Colorado 80401-3210, Office 303.277.9968, Fax 303.484.3794

 

 

 

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