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): September 4, 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)
(Registrants telephone number, including area code)
Item 5. Other Information
On September 4, 1998, the Registrant announced that it had entered
into a two (2) year Marketing Exclusivity Agreement with SellectSoft,
L.L.C., an Arizona Limited Liability Corporation, with its principal
offices at 13314 I Street, Omaha, Nebraska, 68137, in exchange
for ten (10) million shares of Aden Enterprises, Inc. common
stock. Under the terms of such agreement Registrant
is granted sole and complete access and availability
to all current and future related components
required in the marketing and distribution of the SellectSoft
patented processes. The SellectSoft exclusivity applies
to all electronic mediums, which include but are not limited
to, diskettes, CD-ROM, Internet, card-based programs,
kiosk and others. The patented protected components
involved in the SellectSoft Marketing Exclusivity Agreement
include all copyrights, software and future upgrades.
SelectSoft which consists of intellectual property including
trade names, business concepts and a plan. Current management
of SelectSoft shall continue. This agreement requires the
Registrant to make certain payments and underwrite
expenses. There can be no assurances the Registrant
will be able to raise the funds needed to satisfy the
agreement.
On September 24, 1998, the Registrant announced that, through
Michael S. Luther, President of the Corporation, it had entered into a
letter term sheet setting forth the terms and conditions whereby Luther
& Company, or its Designee, shall provide Alcohol Sensors
International, LTD., with principal offices located in Islandia, New
York, prepaid royalties and other consideration set forth in such letter
term sheet in exchange for an exclusive worldwide three-year license
for the Companys product(s) and three year warrants. Current
management of Alcohol Sensors International, LTD., shall
be retained and continue acting in their current offices and capacities.
The Registrant has determined that it is interested in providing up to
one and one-half million dollars of funding for Digital Products
Acquisition Corporation, other business activities and investments.
Digital Products Acquisition Corporation is seeking to acquire
the assets of Digital Products Corporation under a Bankruptcy
Reorganization in the State of Florida.
The Registrant is currently involved in a private placement
financing whereby it may raise up to $15 million in equity and
debt. These funds will be used in part to finance Alcohol Sensors
International, LTD., DPAC and other business activities of the
Registrant and its affiliates. There can be no assurance that Registrant
will be successful. If the Registrant does not raise this money it will
not be able to pursue these business matters.
The Registrant will seek to arrange a shareholders meeting in the
near future to change the name of the Corporation to NETWorks
Direct, authorize additional shares of common stock and other
matters which may be of importance. After giving effect to the
SellectSoft transaction, there are presently 80,646,212 shares
of Aden Enterprises, Inc., stock outstanding.
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