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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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June 21, 2000
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Date of Report (Date of earliest event reported)
Netsol International, Inc.
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(Exact name of registrant as specified in its charter)
Nevada
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(State or other jurisdiction of incorporation)
333-28861 95-4627685
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(Commission File Number) (IRS Employer Identification No.)
5000 N. Parkway Calabasas, Suite 202, Calabasas, CA 91302
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(Address of principal executive offices)
Registrants telephone number, including area code: (818) 222-9195
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ITEM 5. OTHER EVENTS
On June 6, 2000, NetSol International, Inc. ("Registrant") closed its
transaction to acquire 100% of the outstanding capital stock of SuperNet AG, a
company formed under the laws of the country of Germany in exchange for 425,600
restricted shares of common stock of the Registrant and 50,000 restricted shares
of common stock of NetSol eR, Inc., a subsidiary of the Registrant. SuperNet AG
is a German Internet Service Provider.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
Financial Information of SuperNet.
(a) Financial statements of businesses acquired.
The financial statements of SuperNet is included in this Current
Report, Form 8-K is as follows:
Financial Statement Description
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- Balance Sheet
As of December 31, 1999................................
- Notes to and Forming Part of the Balance Sheet.........
Independent Auditors' Report......................................
(b) Exhibits.
The following exhibits are filed with this Current Report, Form 8-K:
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Exhibit
Number Exhibit Description
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<S> <C>
2.0 Acquisition Agreement dated May 2, 2000
23.1 Report of Independent Auditors
99.1 SuperNet AG Financial Statements
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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: June 21, 2000 NetSol International, Inc.
By:/s/ Najeeb Ghauri
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Najeeb Ghauri
Its: President
