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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
November 21, 2000 0-6770
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Date of Report (Date of earliest event reported) Commission File Number
GLOBALTRON CORPORATION
(Exact name of registrant as specified in its charter)
Florida 65-06698942
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification Number)
100 N. Biscayne Blvd., Suite 2500
Miami, Florida 33132
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(Address of Principal Executive Offices) (Zip Code)
(305) 371-3300
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(Registrant's telephone number, including area code)
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Item 5. Other Events.
In November 2000, Globaltron Corporation ("Globaltron"), formerly Win-Gate
Equity Group, Inc., through its wholly-owned subsidiary, Globaltron
Communications Corporation ("GCC") and Atlas Communications, Ltd. ("Atlas")
agreed to terminate their preliminary discussions relating to a potential
purchase and/or merger of Atlas by Globaltron.
On November 21, 2000, Atlas and GCC resolved certain disputes in connection with
billing, lease, and management services provided to GCC by Atlas. In connection
with the resolution, the parties each executed general releases. The parties
also entered into a Settlement Agreement whereby GCC agreed to pay $50,000 to
Atlas. Globaltron also agreed to transfer 400,000 shares of its restricted
common stock to Atlas and to issue an additional 50,000 shares of its common
stock to Atlas if the price of Globaltron's stock does not have an average
closing price of $7.00 per share or more for 20 consecutive trading days through
November 20, 2001.
Item 7. Financial Statements, ProForma Financial Statements and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits
10.32 Settlement Agreement dated November 21, 2000 among Globaltron
Corporation, Globaltron Communications Corporation and Atlas
Communications, Ltd.
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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.
Dated: December 15, 2000 GLOBALTRON CORPORATION
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By: /s/ Kevin P. Fitzgerald
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Kevin P. Fitzgerald, Chief Executive Officer
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