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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
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Date of Report (Date of earliest event reported) January 13, 2000
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.)
5000 N. Pkwy Calabasas, Suite 202, Calabasas, CA 91302
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (818) 222-9195
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
On January 2, 2000, NetSol International, Inc. (the "Registrant")
entered into an agreement with Abraxas Software Pty Ltd.,("Abraxas") a Company
organized under the laws of the country of Australia whereby the Registrant
acquired 100% of the outstanding capital stock of Abraxas in exchange for
150,000 shares of restricted stock of the Registrant.
The acquisition closed on January 2, 2000 in Australia. 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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ITEM 5. OTHER EVENTS
COMPANY'S NEW OFFICES
On January 2, 2000, the Registrant moved its headquarters to
5000 N. Parkway Calabasas, Suite 202, Calabasas, California, 91302. The premises
are approximately 876 square feet. The Company moved the headquarters in an
effort to provide for a larger office space with minimal amount of rent increase
which was $103.08. The term of the lease is for three years.
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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: January 13, 2000 NETSOL INTERNATIONAL, INC.
By: /s/ Aisha Ghauri
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Aisha Ghauri
Its: Secretary
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