SCHEDULE 14C INFORMATION
Information Statement Pursuant to Section 14(c)
of the Securities Exchange Act of 1934
Check the appropriate box:
[X] Preliminary Information Statement
[ ] Confidential, for Use of the Commission Only (as permitted by Rule
14c-5(d)(2))
[ ] Definitive Information Statement
E-TREND NETWORKS, INC.
(Name of Registrant As Specified in its Charter)
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E-TREND NETWORKS, INC.
5919 3rd Street S.E.
Calgary, Alberta T2H 1K3 Canada
INFORMATION STATEMENT
CORPORATE ACTION TO BE TAKEN EFFECTIVE MAY 6, 2001
INTRODUCTION
This Information Statement will be first sent or given to shareholders on or
about April 16, 2001, in connection with corporate action to be taken effective
May 6, 2001. Stockholders of E-Trend Networks, Inc. (the "Company") have removed
certain directors of the Company and amended a provision of the Company's
Bylaws.
**We Are Not Asking You for a Proxy and You are Requested Not to Send Us a
Proxy.**
VOTING SECURITIES AND PRINCIPAL HOLDERS THEREOF
Voting Securities
Stockholders of the Company have removed directors of the Company and amended
the Bylaws of the Company by means of a written consent dated April 5, 2001. On
that date, 4,825,273 shares of Common Stock were issued and outstanding.
Voting Rights and Requirements
Consent from the holders of a majority of the shares outstanding was required to
take these actions.
Principal Security Holders
The following table sets forth information, as April 5, 2001, with respect to
the beneficial ownership of the Company's Common Stock by each person known by
the Company to be the beneficial owner of more than five percent of the
outstanding Common Stock and by directors and officers of the Company, both
individually and as a group:
Shares Owned Beneficially and
Beneficial Owners of Record Percent of Class (1)<F1>
VHQ Entertainment Inc. 2,000,000 41.43%
6201 - 46th Avenue
Red Deer, AB T6N 6Z1 Canada
Web Capital Ventures Inc. 500,000 10.36%
1400 West Cypress Creek Road
Fort Lauderdale, FL 33309
Gregg C. Johnson 252,700 5.24%
6201 - 46th Avenue
Red Deer, AB T6N 6Z1 Canada
Trevor M. Hillman 250,000 5.18%
6201 - 46th Avenue
Red Deer, AB T6N 6Z1 Canada
Martin McDonough 110,000 2.28%
9116 Deni Dr NE
Lacey, WA 98516
E-Trend Networks, Inc. Information Statement - Page 1 of 2
Shares Owned Beneficially and
Beneficial Owners of Record Percent of Class (1)
Leonard Wayne Voth 54,360 1.13%
4422 Stone Crescent
West Vancouver, BC V7V 1B7 Canada
Howard Bolinger 16,667 0.34%
2506 - 21st Avenue SW
Calgary, AB T3E 7H3 Canada
Paul Miller 33,334 0.69%
PO Box 191027
San Francisco, CA 94119
Caroline Armstrong -- --
#210 - 259 Midpark Way SE
Calgary, AB T2X 1M2 Canada
William Christie -- --
55 Walls Drive, Suite 401
Fairfield, CT 06430-1869
Roy T. Grant -- --
8701 Bluffstone #6207
Austin, TX 78759
Timothy J. Sebastian -- --
6201 - 46th Avenue
Red Deer, AB T6N 6Z1 Canada
Donald Spear -- --
3450 SW Cascade Terrace
West Linn, OR 97068
Officers and directors as a group 717,061 14.86%
(11 persons)
- ----------
<FN>
(1)<F1> Based on 4,825,273 shares outstanding.
</FN>
Changes in Control
No arrangements are known to the Company, including any pledge by any person of
securities of the Company, the operation of which may, at a subsequent date,
result in a change in control of the Company.
REMOVAL OF DIRECTORS AND AMENDMENT OF BYLAWS
The following directors have been removed: Paul Miller, Donald Spear, Roy Grant,
Martin McDonough, and William Christie. In addition, Section 3.2 of the
Company's Bylaws has been amended to state as follows:
3.2 NUMBER OF DIRECTORS
The Board of Directors shall consist of at least three (3) directors,
and thereafter shall consist of such number as many be fixed from time
to time by resolution of the Board or the stockholders.
E-Trend Networks, Inc. Information Statement - Page 2 of 2