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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) AUGUST 17, 1999
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NETSOL INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
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Nevada
(State or other jurisdiction of incorporation)
333-28861 95-4627685
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(Commission File Number) (IRS Employer Identification No.)
233 Wilshire Boulevard, Suite 510, Santa Monica, California 90401
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (310) 395-4073
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
On August 13, 1999, NETSOL INTERNATIONAL, INC. (the "Registrant")
entered into an agreement with NETWORK SOLUTIONS GROUP, LTD., a Company
organized under the laws of the country of United Kingdom ("Network") whereby
the Registrant acquired 100% of the outstanding capital stock of Network in
exchange for 155,000 shares of restricted stock of the Registrant.
The acquisition closed on August 13, 1999. It is currently
impracticable for the Registrant to file the required audited financial
statements for this acquisition, as they are en route from overseas. However,
the Registrant shall file such financial statements under cover of Form 8-K as
soon as practicable, but no later than sixty days from the date of filing this
report.
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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 thereunto duly authorized.
Dated: August 17, 1999 NetSol International, Inc.
By: /s/ Najeeb Ghauri
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Najeeb Ghauri
Its: President, Chief Financial Officer,
and Secretary
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