SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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: September 12, 2000
Enter Tech Corporation
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Exact name of registrant as specified in its charter
Nevada 0-21241 84-1349553
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
430 East 6th Street, Loveland, Colorado 80537
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(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, including area code: (970) 669-4918
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ITEM 5. OTHER EVENTS
On April 19, 2000, Enter Tech Corporation ("Enter Tech") acquired 80% of
the outstanding shares of common stock of WavePower, Inc., a development stage
company, in exchange for the issuance of 5,000,000 restricted shares of Enter
Tech common stock under an "Acquisition Agreement". In addition, Enter Tech
agreed to reserve 3,000,000 shares of its 5,000,000 authorized shares of
preferred stock for issuance in further payment on the acquisition to the former
sole shareholder of WavePower. These shares were to be issued upon exercise of
an option to be granted to the shareholder. On September 12, 2000 Enter Tech
notified management of WavePower and its former sole shareholder of the formal
rescission of the Acquisition Agreement dated April 19, 2000, citing several
material misrepresentations as to the intellectual property owned by WavePower,
the status of the development of WavePower products and services, the ability of
WavePower to bring its products and services to market and the overall
originality and viability of the WavePower concept. The letter also served as a
demand for return of all stock issued and funds paid by Enter Tech pursuant to
that agreement.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) None
(b) None
(c) Exhibits
Description Exhibit No.
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Press Release Enter Tech Corporation 99.1
September 26, 2000
Letter Rescinding WavePower Acquisition 99.2
September 12, 2000
2
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SIGNATURES
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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.
ENTER TECH CORP.
Dated: October 2, 2000 By: /s/ Sam Lindsey
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Sam Lindsey, Chairman and Chief Financial
Officer
