UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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) NOVEMBER 9, 2000
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UTG COMMUNICATIONS INTERNATIONAL, INC.
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(Exact name of registrant as specified in charter)
DELAWARE 333-83005 13-3895294
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
Limmattalstr. 10, Geroldswil Switzerland 8954
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 011-11-749-3103
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N/A
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(Former name or former address, if changed since last report.)
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Item 2. Acquisition or Deposition of Assets.
On October 6, 2000 Starfon Telecom Services, a wholly owned subsidiary
of UTG Communications International, Inc. entered into a corporation and
purchase agreement with Finance Marker S.A. and Massimo Scotti and Claudio
Zambon. Pursuant to such agreement, Starfon Telecom Services will purchase 95%
of Finance Market S.A.'s equity at a price and on terms to be evaluated by
accountants for UTG. Any share exchange or transfer of authority will not
transpire until after March 2001, when the accountant will complete evaluation
of Finance Market S.A.
The purchase price shall be paid in shares of stock of the UTG.
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.
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(Registrant)
/s/ UELI ERNST
Date: December 8, 2000 By -----------------------
(Signature)
Ueli Ernst, Pres.
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Print the name and title of the signing
officer under his signature
