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 4, 2000
AMERICAN ACCESS TECHNOLOGIES, INC.
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(Exact name of registrant as specified in its charter
Florida 59-3410234
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(State or other jurisdiction (IRS Employer Identification No.
of incorporation)
37 Skyline Dr. Suite 1101, Lake Mary, FL 32746
Registrant's telephone number, including area code: (407) 333-1446
Item 2. Disposition of Assets
On April 4, 2000, American Access Technologies, Inc. disposed of a
Promissory Note made by Universal Beverages Holding Corp. in the amount of
$500,000 plus 15% interest, of which $75,000 had accrued since Universal
defaulted on the note in March, 1999. The note was sold without recourse to
McLean Ventures, a Virginia corporation, for a total of $575,000. McLean paid an
initial cash conideration of $250,000, with the balance of $325,000 due on
October 31, 2000 with interest at 15%. The note has been guaranteed by Manuel
Iglesias for value received.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
The following Exhibits are filed herewith:
Exhibit No. Description
1. Original Promissory Note executed by Universal Beverages
Holding Corp.
2. Promissory Note for $325,000 by McLean Ventures, Inc.
3. Purchase of Note and Assignment Agreement with McLean
Ventures, Inc.
4. Guaranty of Payment by Manuel E. Iglesias
SIGNATURES
Pursuant to the requirements of the Securities Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
AMERICAN ACCESS TECHNOLOGIES, INC.
April 6, 2000 By: /s/ John Presley
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John Presley, President