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
December 7, 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 (I.R.S. Employer
of 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.
Effective December 7, 2000, Globaltron Communications Corporation ("GCC"), a
wholly-owned subsidiary of Globaltron Corporation (formerly Win-Gate Equity
Group, Inc.) (the "Company"), Gary Morgan ("Morgan"), the Company's Chairman of
the Board, and International Investments Communications, Ltd. ("IIC") entered
into an Agreement to Settle Promissory Note (the "Agreement") in connection with
the acquisition of 64% of the outstanding common stock of Startcomm Corp. from
two Startcomm stockholders and memorialized in a Contract for Sale dated
November 9, 1999 ("Contract"). As part of the Contract, GCC agreed to pay IIC
the principal sum of $667,000, which amount was guaranteed by Morgan. As of
December 7, 2000, the outstanding balance, including accrued interest, was
approximately $778,822.51.
As described in the Agreement, in satisfaction of all obligations due to IIC,
the Company paid IIC the sum of $200,000 and issued 154,000 shares of restricted
Company Common Stock. Additionally, Morgan agreed to undertake to have
transferred 116,000 shares of restricted common stock. Each of the parties to
the Contract and to the Agreement also exchanged general releases of each other.
Item 7. Financial Statements, ProForma Financial Statements and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits
10.32 Agreement to Settle Promissory Note dated December 7, 2000 by and among
International Investments Communications, Ltd., Globaltron
Communications Corporation and Gary Morgan (Exhibit omitted).
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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
