SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
F O R M 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) June 14, 2000
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Euroweb International Corp.
_____________________________
(Exact name of registrant as specified in its charter)
Delaware
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(State or other jurisdiction of incorporation)
1-1200 13-3696015
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(Commission File Number) (IRS Employer Identification No.)
445 Park Avenue, 15th Floor, New York, NY 10022
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (212) 758 9870
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N/A
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(Former name or former address, if changed since last report)
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8K
INFORMATION TO BE INCLUDED IN REPORT
ITEM 2. Acquisition of 100% of Assets of Mediator S.A.
The registrant acquired on June 14, 2000 from six owners of Mediator S.A. 100%
of the shares of Mediator S.A. for USD $2,580,000 payable in cash. Mediator S.
A. is an operating Internet Service Provider concentrating on business
customers. No common stock was issued in the transaction. Registrant paid
for shares as follows:
(a) USD $2,040,000 (two million fourty thousand US Dollars) payable in
cash to Mr. Gheorghe Rusu, one of the owners/sellers of Mediator S.A.,
at the Closing on June 14, 2000; and
(b) USD $540,000 (five hundred fourty thousand) to be paid in cash to Mr.
Gheorghe Rusu, one of the owners/sellers of Mediator S.A., in three
installments of USD $180,000 each, the installments being due 12, 24
and 36 months respectively after Date of Closing.
The principle used to determine the consideration amount was based on the
revenues of Mediator S.A. There is no material relationship between Registrant
and any of the sellers. Registrant used its own capital to fund the acquisition.
Registrant intends to continue to use the property, plant, and equipment of the
acquired company in the same manner it currently is being used.
ITEM 7. Financial Statements and Exhibits
(a) Financial Statements of business acquired
Financial statements for the business acquisition described in Item 2
will be filed in an amendment to this Form 8-K as soon as practicable,
but not later than 60 days of the date their report was required to be
filed.
(b) Pro Forma Financial information
Pro forma financial information for the transaction described in Item
2 will be filed in an amendment to this Form 8-K as soon as practicable,
but not later than 60 days of the date their report was required to be
filed.
(c) Exhibits
Acquisition Agreement, dated May 17, 2000 and finalized modification
Agreement dated June 14, 2000 by and between
Registrant and six owners of Mediator, S.A. regarding the purchase of
100% of shares of Mediator S.A., is annexed hereto as Exhibit 10 (ll).
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Euroweb International Corp.
445 Park Avenue
New York, NY 10022
(Registrant)
By: /s/ Frank R. Cohen
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Frank R. Cohen
Chief Executive Officer and
Chairman of the Board
Date: June 14, 2000
New York, New York
