SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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): Nov. 13, 1998
ADEN ENTERPRISES, INC.
(Exact name of registrant as specified in its charter)
California 00-18140 87-0447215
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File No.) Identification No.)
13314 I Street, Omaha, Nebraska 68137
(Address of principal executive offices) (Zip Code)
(402) 334-5556)
(Registrant's telephone number, including area code)
Item 5. Other Information
On November 13, 1998, the Registrant announced it has
received funding and services from a corporation controlled
by its Chairman, Michael S. Luther, and another shareholder,
Daniel Koch. In conjunction with the funding, services
and joint venture agreement, Mr. Koch was issued 13,366,188
shares of restricted common stock in Aden Enterprises,
Inc. As a result of the transaction and other shares issued
there are currently 100,000,000 shares outstanding.
The Company has entered into a joint venture agreement
with Emerald Technologies Corporation, dba NETWorks
Direct ("Emerald") for Internet-based advertising
programs to recruit independent travel agents. To date
all of the expenditures for advertising and program
development have been incurred by Emerald. Under
the agreement, Liberty Court Travel, Inc., a
wholly-owned subsidiary of Registrant is entitled
to all revenue and profits generated from the travel
business. The joint venture is also engaged in
providing Internet-based retail merchandising
with affiliate organizations including Amazon.com,
eToys, Beyond.com and other national companies.
Registrant engages in this commerce on its Internet
site "libertycourt.com". Under the agreement,
Registrant is entitled to all of the revenue and
profits from the Internet-based retail commerce.
In the future, the joint venture intends to provide
the independent agents with the opportunity to
sell other merchandise and services. Under the
agreement, NETWorks Direct will be entitled
to 80 percent of the revenue and profits
from sales with the Registrant receiving 20
percent.
