SCHEDULE 14C INFORMATION
Information Statement Pursuant to Section
14(c) of the Securities Exchange
Act of 1934
Check the appropriate box:
[ ] Preliminary Information Statement
[ ] Confidential, for use of the Commission Only (as permitted by
Rule 14c-d(d)(2))
[X] Definitive Information Statement
MULTINET INTERNATIONAL CORPORATION, INC.
(Name of Registrant As Specified In Its Charter)
Payment of Filing Fee (Check the appropriate box)
[X] No Fee Required
[ ] Fee computed on table below per Exchange Act Rules 14c-5(g) and 0-11
1) Title of each class of securities to which transaction applies: N/A
Aggregate number of securities to which transaction applies: N/A
2) Per Unit price or other underlying value of transaction computed pursuant
to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee is
calculated and state how it was determined) : N/A
3) Proposed maximum aggregate value of transaction: N/A
4) Total fee paid: N/A
[ ] Fee paid previously with preliminary materials.
[ ] Check box if any part of the fee is offset as provided by Exchange Act Rule
0-11(a)(2) and identify the filing for which the offsetting fee was paid
previously. Identify the previous filing by registration statement number,
or the Form or Schedule and the date of its filing.
1) Amount Previously Paid: $0
2) Form, Schedule or Registration Statement No.: N/A
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4) Date Filed: N/A
MULTINET INTERNATIONAL CORPORATION, INC.
554 Greentree Cove, Suite 1012
Collierville, Tennessee 38017
INFORMATION STATEMENT
WE ARE NOT ASKING YOU FOR A PROXY STATEMENT AND
YOU ARE REQUESTED NOT TO SEND A PROXY
Approximate date of Mailing of this Information Statement: September 11th, 2002
TO ALL STOCKHOLDERS:
NOTICE is hereby given that the Company will take the following actions
pursuant to Written Consent of the Majority Shareholders of Multinet
International Corporation, Inc.:
1. To Amend the Articles of Incorporation to change the Corporate name to
SHOWINTEL NETWORKS, INC.
The Board of Directors has fixed the close of business on August 16th, 2002
as the Record Date for determining the Shareholders entitled to Notice of the
foregoing.
The costs of preparing, printing, and mailing this Information Statement
will be borne by the Company.
THIS IS NOT A NOTICE OF A MEETING OF SHAREHOLDERS AND NO SHAREHOLDER MEETING
WILL BE HELD TO CONSIDER ANY MATTER DESCRIBED HEREIN.
/s/ David V. Lott
----------------------------------
David V. Lott
Its: Secretary
Date: September 10th, 2002
INTRODUCTION
This Information Statement is being furnished by the Board of Directors of
Multinet International Corporation (the "Company"), to stockholders in
connection with actions taken by certain Shareholders by Consent Without Meeting
pursuant to Nevada Revised Statutes 78.320(2) and 78.207. The Board of Directors
has adopted a resolution to amend the Articles of Incorporation to change the
name of the Company to SHOWINTEL NETWORKS, INC. The Board believes the name
change will be beneficial in that Showintel Networks, Inc. It will provide a
better description of the Company's current operations and will bring it into
conformity with its wholly owned subsidiary, Showintel Networks, a Tennessee
Corporation.
DISSENTER'S RIGHTS
The Nevada Revised Statutes does not provide for dissenter's rights in
connection with a change in name of a Nevada Corporation
INTEREST OF CERTAIN PERSONS IN MATTERS TO BE ACTED UPON
No director, executive officer, nominee for election as a director,
associate of any director, nominee for election as an executive officer or any
other person has any substantial interest, direct or indirect, by security
holdings or otherwise, in the proposed amendments which is not shared by all
other stockholders.
VOTING SECURITIES AND PRINCIPAL HOLDERS THEREOF
As of the Record Date, the Company's authorized capitalization consisted of
25,000,000 shares of stock, par value $.001. As of the Record Date, there were
23,201,001 shares of Common Stock outstanding, all of which were fully paid,
non-assessable and entitled to vote, and 0 shares of preferred stock
outstanding. Each share of Common stock entitles its holder to one vote on each
matter submitted to the Shareholder.
The following table sets forth, as of the Record Date, the number of shares
of Common Stock of the Company owned by (i) each person who is known by the
Company to own of record or beneficially five percent (5%) or more of the
Company's outstanding shares, (ii) each director of the Company, (iii) each of
the executive officers, and (iv) all directors and executive officers of the
Company as a group. Unless otherwise indicated, each of the Shareholders has
sole voting and investment power with respect to the shares beneficially owned.
Number of Shares
Name and Address of Common Stock Percentage of
of Beneficial Owner Beneficially Owned Class
- ------------------- ------------------ -----
David V. Lott Living 13,572,500 58.5%
Trust. (Officer/Director)
1701 Tall Forrest Lane
Collierville TN 38017
Hope Christian 1,800,000 7.76%
Community Foundation
5100 Poplar Avenue
Suite 2412
Memphis, TN 38137
Officers and Directors 13,572,500 58.5%
As a Group
ADDITIONAL INFORMATION
Additional information concerning the Company, including all reports filed
with the Securities and Exchange Commission, may be accessed through the
Securities and Exchange Commission's EDGAR archives at www.sec.gov.
By Order of the Board of Directors
/s/ David V. Lott
-----------------------------------------
David V. Lott, Director