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: September 30, 2002
GLOBAL ASSETS AND SERVICES, INC.
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(New name of registrant as specified in its charter)
(successor registrant under Sec. 12(g)3 of the Securities Exchange Act of 1934)
FLORIDA 33-41063-A 59-2960590
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.
incorporation post-merger)
post-merger)
3816 W. Linebaugh Avenue, Suite 200, Tampa, FL 33624
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(NEW ADDRESS)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (813) 960-0557
ITEM 1. CHANGES IN CONTROL OF REGISTRANT
None.
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
The Company has agreed to enter into a License Agreement whereby it is
participating in License revenues in consideration for assistance in marketing
in the US, Tomigel and Junon Systems, through Global's newly formed, wholly
owned subsidiary, ZYX International, Inc.
ITEM 3. BANKRUPTCY OR RECEIVERSHIP
None.
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
None.
ITEM 5. OTHER EVENTS
Global has agreed to issue shares as follows:
1. Issue 200,000 S-8 shares of common stock to Koki Nagashima for
consulting services in the filed of encryption software and other
related consulting services.
2. Issue 1,750,000 shares of restricted common stock to Koki Nagashima
for consulting and acquisition services pertaining to TOMIGEL and
JUNON System.
3. Issue 300,000 shares of restricted common stock to Mitsunobu
Amazaki for providing consulting and acquisition services for
encryption software.
4. Issue 90,000 S-8 shares to Dr. Shigetomi Komatsu for consulting
services pertaining to TOMIGEL and JUNON System.
PRODUCT DESCRIPTION
Tomigel is an inorganic soil-hardening agent that has been developed in order to
harden any kind of soil from volcanic ash and sea sand to industrial waste.
Tomigel, with its excellent chemical distinction that does not restrict any
aggregate composition, can be utilized to solidify various on the spot soil
types without the use of gravel or sand required in the mixing of concrete. In
addition, the substances hardened by the addition of Tomigel display increased
integrity and strength over typical concrete mixtures.
Tomigel can also be used to safely and effectively neutralize and solidify
industrial waste and other environmentally detrimental substances. Sludge,
incinerated ash, and other forms of industrial and environmental waste can be
contained and deactivated with Tomigel.
Tomigel with its variety of uses both commercially and environmentally and its
attributes that add strength and durability to a variety of soil types, is a
revolutionary material that will prove to benefit industry with decreased cost
and an increased quality of product. Tomigel will also benefit the environment
by containing harmful substances.
There are two types of Tomigel: Tomigel-3 and Tomigel-5.
A. Tomigel - 3 (For sludge and industrial wastes)
Tomigel - 3 has been developed for solidifying and closing in sludge of high
water content, incinerated ashes, and harmful materials such as P C B, Cyanide,
Cadmium, Lead, Arsenic, and also such heavy metals as Iron, Nickel, Copper, etc.
B. Tomigel - 5 (For General Construction)
Tomigel - 5 has been developed for stabilizing roadbed, sub-base, and paving
road surface, using the soil on the site spot as aggregate compositions. Tomigel
- 5 can also be used in construction and as an additive in materials to increase
their strength, non-permeability, and durability.
PROCESS DESCRIPTION
Junon System-
Junon System is a polystyrene(styrofoam) dissolving agent that quickly, safely,
and non-toxically dissolves polystyrene materials and turns them into a gel,
while maintaining the basic chemical composition of the polystyrene so it can be
recycled. The consolidation of the polystyrene material into a gel that is a
fraction of the size of the original material allows for a more efficient
removal and recycling of the material.
Frances McCrimmon, 54, was appointed as a Director of Global Assets and
Services, INC. on September 13, 2002. Mrs. McCrimmon, a recently retired
elementary school principal with 30 years experience with the Pasco County
School System, resides in Wesley Chapel, FL. Mrs. McCrimmon attended the
University of South Florida in Tampa, FL and earned a Bachelor's Degree in 1972
for Elementary Education and Exceptional Student Education; a Master's Degree in
1986 in Elementary Education; and a Master's Degree in Educational Leadership in
1992. Mrs. McCrimmon is currently employed as the lead teacher at the Academy at
the Farm, a newly established charter school located in Dade City, FL. During
Mrs. McCrimmon's tenure in Pasco County, she recruited and hired more than 400
employees, conducted staff development activities in Facilitative Leadership,
Myers-Briggs Personality Profiles, Clinical Education,and worked with the
Florida State Department of Education to develop curriculum for Exceptional
Education students. Mrs. McCrimmon has made presentations representing the Pasco
County School System at many national, state, and local conferences and
conventions.
ITEM 6. RESIGNATION AND APPOINTMENT OF OFFICERS AND DIRECTORS
None
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIALS, & EXHIBITS
Financial Statements - None.
Exhibits - 10.1 License Agreement
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.
Date: October 30, 2002 GLOBAL ASSETS & SERVICES, INC.
By: /s/ Bertram Cutler
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Bertram Cutler, President