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, as amended
Date of Report (Date of earliest event reported): JUNE 23, 1999
EAST/WEST COMMUNICATIONS, INC.
(Exact name of registrant as specified in its charter)
Delaware 333-41007 13-3964837
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(State or other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
350 Stuyvesant Avenue, Rye, New York 10580
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(Address of principal executive offices)
Registrant's telephone number, including area code: (914) 921-6300
(Former name or former address, if changed since last report.)
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ITEM 5. OTHER EVENTS
On June 23, 1999, East/West Communications, Inc. (the
"Company") concluded the rights offering (the "Rights Offering") made to the
holders of Class A common stock. Holders of the Class A common stock subscribed
for each of the 443,050 shares of Class A common stock offered. Concurrently,
the holder of the Company's Class B common stock subscribed for 444,825 shares
of Class B common stock under the right to purchase granted to it. The
subscription price for all shares of Class A and Class B common stock purchased
was $1.50 per share, which will result in gross proceeds to the Company of
approximately $1,332,000.
The Company's press release of even date herewith is filed as
Exhibit 99.1 hereto.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL
INFORMATION AND EXHIBITS.
(c) Exhibits:
99.1 Press Release dated June 23, 1999
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SIGNATURE
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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.
EAST/WEST COMMUNICATIONS, INC.
Dated: June 23, 1999 By:
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Name: Victoria Kane
Title: Chairman of the Board
(Chief Executive Officer)
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EAST/WEST COMMUNICATIONS RIGHTS OFFERING CONCLUDED
RYE, N.Y.-(BUSINESS WIRE)-- June 23, 1999 - East/West Communications, Inc. (OTC
BB: EWCM) announced today that its rights offering to holders of its Class A
common stock had been concluded. Holders of East/West's Class A common stock
subscribed for each of the 443,050 shares of Class A common stock offered.
Concurrently, the holder of East/West's Class B common stock subscribed for
444,825 shares of Class B common stock under the right to purchase granted to
it. The subscription price for all shares of Class A and Class B common stock
purchased was $1.50 per share, which will result in gross proceeds to East/West
of approximately $1,332,000.
[East/West is a developmental stage company in the wireless
communications industry. It is the owner of PCS licenses in Los Angeles,
California, Washington, D.C., Sarasota- Bradenton, Florida, Reno, Nevada and
Santa Barbara, California. East/West has not yet adopted a business plan or
determined whether to develop its own PCS licenses, to joint venture its
licenses with other license holders or operators or others or to sell some or
all of its licenses].
Contact:
Victoria Kane
East/West Communications, Inc.
(914) 921-6300
