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
September 15, 2003
Date of Report
(Date of Earliest Event Reported)
ALTERNET SYSTEMS, INC.
(Exact name of Registrant as Specified in its Charter)
#610-815 West Hastings Street, Vancouver, BC, V6C 1B4
(Address of Principal Executive Offices)
604-608-2540
(Registrant's Telephone Number)
SchoolWeb Systems, Inc.
#280 - 815 West Hastings Street, Vancouver, BC, V6C 1B4
(Former name and former address)
| Nevada | 000-31909 | 88-0473897 |
| (State or other jurisdiction | (Commission File Number) | (IRS Employer |
| of incorporation) | Identification No.) |
ITEM 1. CHANGES IN CONTROL OF REGISTRANT
Not applicable.
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
Not applicable.
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ITEM 3. BANKRUPTCY OR RECEIVERSHIP
Not applicable.
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
Not applicable.
ITEM 5. OTHER EVENTS
Not applicable.
ITEM 6. RESIGNATION OF DIRECTORS AND EXECUTIVE OFFICERS
Karim Lakhani has resigned as a director of the Registrant. Karim Lakhani remains President, Director and largest shareholder of Advanced Interactive Inc. which is our largest shareholder.
No person has, as of yet, been appointed to replace Karim Lakhani as a director. The Registrant anticipates it will recruit a replacement for Mr. Lakhani if proposed SEC rules regarding composition of audit committees and governance are effected and require it to recruit additional directors. At this time, however, it is felt that the present board comprised of five directors is sufficient for the Registrant’s governance.
ITEM 7. FINANCIAL STATEMENTS
Not applicable. Financial statements for the Registrant are separately filed under Forms 10KSB and Forms 10QSB and can be found on the SEC’s EDGAR website at www.sec.gov.
ITEM 8. CHANGE IN FISCAL YEAR
Not applicable.
EXHIBITS
| 3.1 | Certificate of Incorporation (incorporated by reference to Exhibit 1 of the Registration Statement on Form 10-SB filed on November 6, 2000) |
| 3.2 | Articles of Incorporation of North Pacific Capital Corp. (incorporated by reference to Exhibit 3 of the Form 10-SB filed on November 6, 2000) |
| 3.3 | Certificate of Amendment of Articles of Incorporation (incorporated by reference to Exhibit 2 of the Registration Statement on Form 10-SB filed on November 6, 2000) |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.
ALTERNET SYSTEMS, INC.
By: /s/ Griffin Jones
Griffin Jones, Director and Secretary
By: /s/ Michael Dearden
Michael Dearden, President and Director
Dated: September 15, 2003
