UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities and Exchange Act of 1934
Date of Report (Date of earliest reported): November 29, 2004
EUROWEB INTERNATIONAL CORP.
(Exact name of registrant as specified in charter)
Delaware 1-1200 13-3696015
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1138 Budapest, Vaci ut 141. Hungary
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: +36-1-8897000
Copies to:
Gregory Sichenzia, Esq.
Stephen M. Fleming, Esq.
Sichenzia Ross Friedman Ference LLP
1065 Avenue of the Americas
New York, New York 10018
Phone: (212) 930-9700
Fax: (212) 930-9725
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instructions A.2. below):
/_/ Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
/_/ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
/_/ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
/_/ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Item 1.01 Entry Into a Material Definitive Agreement
On November 29, 2004, Euroweb International Corp. (the "Company") entered into a
Shareholding Interest Sale and Purchase and Loan Assignment Agreement (the
"Agreement") with Globix Communications Limited, a company registered under the
laws of the Isle of Man ("Globix"). Pursuant to the Agreement, the Company has
agreed to sell and, Globix has agreed to purchase, 100% of the Company's
interest in Euroweb Czech Republic, spol ("Euroweb Czech"), a wholly-owned
subsidiary of the Company. In addition, the Company also agreed to assign to
Globix two loans payable by Euroweb Czech to the Company in the aggregate
principal amount of USD $400,000. The purchase price to be paid to the Company
is USD $500,000 in cash. The closing of the sale of Euroweb Czech is expected to
be prior to December 10, 2004. No material relationship exists between the
Globix and the Company and/or its affiliates, directors, officers or any
associate of an officer or director.
Euroweb Czech provides communications solutions using Internet technologies to
business located on the Czech Republic.
Item 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit No. Description
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10.1 Shareholding Interest Sale and Purchase and Loan
Assignment Agreement by and between Euroweb
International Corp. and Globix Communications
Limited
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
EUROWEB INTERNATIONAL CORPORATION
By: /s/ CSABA TORO
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Name: Csaba Toro
Title: Chief Executive Officer
Date: December 3, 2004
Budapest, Hungary