SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-C
REPORT BY ISSUER OF SECURITIES QUOTED
ON THE NASDAQ STOCK MARKET
Filed pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934 and Rule 13a-17
or 15d-17 thereunder.
AMNEX, Inc.
(Exact name of issuer as specified in charter)
101 Park Avenue, New York, New York 10178
(Address of principal executive offices)
Issuer's telephone number, including area code: 212-867-0166
I. CHANGE IN NUMBER OF SHARES OUTSTANDING
Indicate any change (increase or decrease) of 5% or more in number of
shares outstanding:
1. Title of security Common Stock, par value $0.001 per share
2. Number of shares outstanding before the change 19,584,728
3. Number of shares outstanding after the change 23,683,814
4. Effective date of change June 28, 1996
5. Method of change: Merger
Specify method (such as merger, acquisition, exchange,
distribution, stock split, reverse split, acquisition of stock
for treasury, etc.):
Give brief description of transaction: Pursuant to a Stock
Purchase Agreement, dated as of April 26, 1996, as amended by
First Amendment dated as of June 28, 1996, among AMNEX, Inc.
("AMNEX"), Robert A. Rowland, Delajane Rowland, Donald D.
Simmons, C. Michael Moehle, Barbara Ann Cromwell, Ellen E.
Wood, Daniel N. Matheson III, Sirrom Capital Corporation,
Spectrum Global Telecommunications PTY Limited, Capital
Network System, Inc. ("CNSI"), Capital Network International,
Inc., Capital Network Mexico, S.A. de C.V., and Point to Point
Communications Company, a newly-formed subsidiary of AMNEX was
merged with and into CNSI with CNSI as the surviving
corporation (the "Merger"). As a result of the Merger, CNSI
became a wholly-owned subsidiary of AMNEX. Shareholders of
CNSI received in the Merger an aggregate of 4,099,086
restricted shares of common stock, par value $0.001 per share,
of AMNEX and warrants to purchase 400,000 shares of AMNEX. The
transaction was consummated on June 28, 1996.
<PAGE>
II. CHANGE IN NAME OF ISSUER
1. Name prior to change N/A
2. Name after change N/A
3. Effective date of charter amendment changing name N/A
4. Date of shareholder approval of change, if required N/A
Date: June 28, 1996 /s/ John Kane
Name: John Kane
Title: Executive Vice President
