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 (Date of earliest event reported): April 9, 2009
Cistera Networks, Inc.
(Exact name of registrant as specified in its charter)
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| Nevada | | 0-17304 | | 91-1944887 |
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(State or other jurisdiction
incorporation) | | (Commission File
Number) | | (IRS Employer
Identification No.) |
6509 Windcrest Drive Suite 160 Plano, TX 75024
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code (972) 381-4699
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 Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
Effective April 10, 2009, the Company is in default on approximately $1,140,000 of convertible promissory notes, including accrued interest related thereon. These notes were originally issued in the Company’s private placement that was executed in April 2007. Interest on the notes, which was eight percent (8%) per annum, compounded quarterly, will begin to accrue at eighteen percent (18%) per annum until the notes are paid in full.
The Company has been in discussions with potential investors or lenders to raise additional capital. However, there can be no assurance that the Company will be successful in this effort.
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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.
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| Date: April 9, 2009 | CISTERA NETWORKS, INC.
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| | /s/ Derek Downs | |
| | Derek Downs, Chief Executive Officer, | |
| | President and Interim Chief Financial
Officer | |
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