UNITED STATES
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 Event Requiring Report: April 23, 2004
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INTERNATIONAL WIRELESS, INC.
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(Exact name of Registrant as Specified in Its Charter)
Maryland 000-27045 36-4286069
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(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
25 Mound Park Drive
Springboro, OH 45036
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(Address of Principal Executive Offices)
Registrant's telephone number, including area code: (937) 748-2937
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(Former name or former address, if changes since last report)
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 CERTIFIYING ACCOUNTANTS.
Not applicable.
ITEM 5. OTHER EVENTS.
On April 23, 2004 the Registrant for business reasons, cancelled the
Acquisition Agreement entered into on December 11, 2003, to acquire one hundred
percent of Precision Metal Industries, Inc. a Florida corporation with its
principal place of business located in Pompano Beach, Florida (hereinafter
"Precision").
The closing under the Acquisition Agreement called for the payment of
$4,500,000 in cash and a stock for stock exchange in which the Registrant was to
acquire all of the issued and outstanding common stock of Precision in exchange
for the issuance of 1,000,000 restricted shares of its common stock. The
Agreement called for all shares to be transferred to an escrow agent for up to
six months until the $4,500,000 in cash was to be satisfied.
ITEM 6. RESIGNATIONS OF REGISTRANT'S DIRECTORS.
Not Applicable.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
Not Applicable.
ITEM 8. CHANGE IN FISCAL YEAR.
Not applicable.
ITEM 9. REGULATION FD DISCLOSRE
Not applicable
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 hereunto duly authorized.
Dated: April 23, 2004 International Wireless, Inc.
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(Registrant)
/s/ Jeffrey Brandeis
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Jeffrey Brandeis
President & CEO
/s/ Jerry Gruenbaum
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Jerry Gruenbaum
Corporate Secretary