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): March 1, 2010
Commission file number: 33-131110-NY
4net Software, Inc.
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(Exact Name of Registrant as Specified in its Charter)
Delaware 22-1895668
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State or other jurisdiction of (I.R.S. Employer
incorporation or organization Identification No.)
225 N.E. Mizner Boulevard, Suite 400 Boca Raton, Florida 33432
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(Address of Principal Executive Office) (Zip Code)
(561) 362-5385
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(Registrant's telephone number including area code)
1 North Federal Highway, Suite 201 Boca Raton, Florida 33432
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(Former Address of Principal Executive Office)
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):
[ ] 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))
Section 8 - Other Events.
Item 8.01 Other Events.
On September 9, 2010, 4net Software, Inc. (the "Company") issued a
press release announcing that it had signed a Letter of Intent to acquire all of
the issued and outstanding capital stock of EnSA Holdings, LLC ("EnSA"), a
privately-held Florida limited liability company with offices located in Fort
Lauderdale, Florida. EnSA is engaged in the business of agricultural production
and development in the Dominican Republic. A copy of the Company's press release
is attached to this report as Exhibit 99.1.
Under the terms of the Letter of Intent, the Company would acquire all
of the outstanding shares of EnSA in exchange for shares of the Company pursuant
to a contemplated share exchange agreement (the "Acquisition"). The Acquisition
is subject to a number of conditions, including, among other things, the
execution of a definitive share exchange agreement, stockholder approval, the
Company effecting a reverse stock split, the completion of certain financing
arrangements, and further due diligence by the parties. Additionally, pursuant
to the Acquisition, the directors and officers of the Company would resign and
be replaced by directors and officers designated by EnSA, with the exception
that Steven N. Bronson, will continue as a director of the Company.
The Company expects to close the Acquisition during the quarter ending
December 31, 2010. Following the closing of the anticipated Acquisition, EnSA
would be a wholly owned subsidiary of the Company, and EnSA would emerge as the
surviving company with a name and ticker symbol change for the Company to
follow. The Acquisition is subject to numerous risks and conditions, accordingly
there can be no assurance that the Acquisition will be completed.
Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
The following Exhibits are hereby filed as part of this Current Report
on Form 8-K:
Exhibit
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99.1 Press Release, dated September 9, 2010.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
4net Software, Inc. has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Dated: September 13, 2010
4net Software, Inc.
(Registrant)
By: /s/ STEVEN N. BRONSON
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Steven N. Bronson,
CEO and President