SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
Securities Exchange Act of 1934
Date of Report
(Date of earliest event reported)
September 18, 1996
NATIONAL WIRELESS HOLDINGS INC.
(Exact name of registrant as specified in its charter
Delaware 0-23598 13-3735316
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
249 Royal Palm Way, Suite 301, Palm Beach, Florida 33480
(Address of principal executive offices and zip code)
(407) 832-0981
(Registrant's telephone number, including area code)
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Item 1. Changes in Control of Registrant
Not applicable
Item 2. Acquisition or Disposition of Assets
Not applicable
Item 3. Bankruptcy or Receivership
Not Applicable
Item 4. Changes in Registrant's Certifying Account
Not Applicable
Item 5. Other Events
Not Applicable
Item 6. Resignations of Registrant's Directors
Not Applicable
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits
Not Applicable
(a) Financial Statements of Business Acquired
Not Applicable
(b) Pro Forma Financial Information
Not Applicable
(c) Exhibits
Exhibit No.
10.37 Press Release, dated September 18, 1996.
Item 8. Change in Fiscal Year
Not applicable.
<PAGE>
SIGNATURES
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 thereunto duly authorized.
NATIONAL WIRELESS HOLDINGS INC.
-------------------------------------
(Registrant)
Date: September 24, 1996 By: /s/ Terrence S. Cassidy
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Terrence S. Cassidy, Principal
Executive Officer,
Principal Financial Officer and
Principal Accounting Officer
EXHIBIT 10.37
NEWS RELEASE
CONTACT:
Carl Nicola
National Wireless Holdings Inc.
212 582-1212
FOR IMMEDIATE RELEASE
NATIONAL WIRELESS ENTERS INTO LETTER OF INTENT WITH BELLSOUTH FOR
MIAMI WIRELESS CABLE ASSETS
New York, New York, September 18, 1996 - National Wireless Holdings Inc.
(Nasdaq: NWIR) has entered into a non-binding letter of intent with BellSouth
Corporation for the sale of its South Florida TV subsidiary, with all of its
wireless cable assets in the Miami area, to BellSouth for $48 million in stock.
The transaction is subject to completion of due diligence and negotiation of
definitive agreements. There can be no assurance that such agreements will be
entered into or that the transaction can be completed as proposed. Further
details are not being disclosed at this time pending the outcome of talks
between the parties.
National Wireless Holdings is a holding and strategic resources company for
wireless cable systems. If the transaction is completed as proposed, NWIR will
have approximately $63MM of cash and marketable securities, a full service
teleport and satellite uplink facility in Miami, and strategic alliances with
EDSS, a provider of proprietary software which enables physicians to transmit
electronically healthcare claims directly to over 150 insurance companies, and
Spike Technologies, which has developed proprietary bidirectional point to
multipoint microwave antenna technology.
