SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report: March 25, 2002
THE LINK GROUP, INC.
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(Exact name of registrant as specified in its charter)
WORLD ENVIROTECH, INC.
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(Former name of registrant)
COLORADO 000-33031 84-1263981
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
#830 - 789 West Pender Street, Vancouver, B.C. Canada VC 1H2
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(Address of principal executive offices) (Postal Code)
Registrant's telephone number, including area code: (604) 632-9638
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Item 1. CHANGES IN CONTROL OF REGISTRANT
In the acquisition of ProtectServe Pacific LTD., reported in Item 3 below,
a total of 37,500,000 shares of common stock was issued to:
Justin Kwei 14,100,000
Katherine Kwei 3,000,000
Woo Tak Wong 6,300,000
Ying Man Chan 2,000,000
Wilson Yim 3,400,000
Suzanne Yim 2,000,000
Patrick Chan 3,000,000
Hoi Yin Der 3,700,000
These individuals now own a total of 70.3% of the Company. XIN NET now owns
8.4% of the Company or 4,495,675 shares post reverse split.
Item 2. ACQUISITION OR DISPOSITION OF ASSETS.
Pursuant to the contract, the company closed upon its acquisition of
ProtectServe Pacific Limited (PSP) by issuing 37,500,000 shares of common stock
for 100% of the issued and outtanding stock of PSP.
Protectserve Pacific Ltd (PSP ) is a developer and provider of Surveillance
Monitoring Control Systems, Data Acquistion Systems, Internet Services and
Wireless Communication Systems.
PSP offers a broad range of video and audio monitoring systems under a
brand name "GeniusEye" which are used for various purposes such as security
surveillance, remote business management, monitoring of unmanned premises and
equipment and traffic control. GeniusEye Systems enable users to observe and
monitor through personal computers what is happening in remote sites via phone
lines, ISDN, GSM, Intranet and Internet. The systems also integrate digital
video and audio recording, remote camera control and intelligent alarm functions
It offers many technical advantages over the conventional CCTV technology
currently available.
The applications of the GeniusEye Systems by existing users are mainly in
the areas of remote business management which include retail operation
management, remote manufacturing/warehousing operation management,
property/building management and monitoring of unmanned premises and equipment.
Along with the advancement of technology, in particular the Internet industry,
the Company believes that the applications of GeniusEye Systems can be extended,
especially in the area of e-promotion, e-commerce and m-commerce.
GeniusEye Systems are offered at low-cost, high performance and more cost
effective than any other similar device on the market. It can be deployed for
either fixed or mobile usage, using wired or wireless signal distribution. PSP
is introducing the GeniusEye Systems on a worldwide basis starting from Hong
Kong, Greater China and Asia Pacific region. The company believes the products
are well positioned to compete in a growing market for remote video
surveillance.
PSP's business model relies on a multi-stream revenue base including the
sale of GeniusEye Systems, OEM or licensing of the core technology to industry
leaders for integration with their products and fees from back-end support
services realized through international sales by authorized distributors. PSP
has revenues, entered into committed partnerships and has a growing number of
international distributors for GeniusEye Systems.
Item 3. BANKRUPTCY OR RECEIVERSHIP
None
Item 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
None
Item 5. Other Events
On February 18, 2002, the Company shareholders approved a one for four
reverse split effective February 28, 2002 and a change of name to The Link
Group, Inc. (OTCBB symbol: LNKG).
XIN NET Corp. acquired 14,100,000 common shares for $600,000 in February,
2002. These shares were subject to the one for four reverse split effective
February 28, 2002. Prior to the purchase, XIN NET owned 3,882,700 shares of
common stock.
Item 6. RESIGNATION AND APPOINTMENT OF NEW DIRECTORS
On March 4, 2002, Ernest Cheung resigned as President of the Company and
Maurice Tsakok resigned as Secretary/Treasurer.
On March 4, 2002, the Directors appointed Justin Kwei as President and a
Director of the Company. The Directors also appointed Ernest Cheung as
Secretary/Treasurer of the Company.
The Board also appointed Wilson Yim and Simon Wong as a Directors of the
Company to take effect 10 days after Notice to Shareholders under Sec. 14f is
mailed to shareholders.
The biographical information of the new officers and Directors, Mr. Kwei,
Mr. Yim, and Mr. Wong, is as follows:
Justin Kwei, aged 48, is a founder and Chief Executive Officer of
Protectserve Pacific Ltd and Director of Infotech Networks and Cabling Ltd.
(2000 to date). He is responsible for the overall corporate management and
business development of the Group. He has over 22 years of extensive business
marketing and management experience in IT industry. Prior to the existing
position with Protectserve, he held many senior sales management positions with
multinational companies. He was North Asia Commercial Director for SITA
Information Networking Computing B.V. from 1996 to 2001. He was Greater China
Director of Sales for Anixter Inc from 1990 to 1996. He also held key sales
positions with major IT vendors including Digital Equipment Corp ( now Compaq ),
Data General and Cable & Wireless in the 1980s. He received a Bachelor of
Administration and MBA from University of Ottawa, Ontario in 1996 and 1998
respectively. In January 2001, he was accredited as Honorary Consul of Republic
of Rwanda for Hong Kong SAR and Macau SAR.
Maurice Tsakok, age 50, was employed from 1994 to 1996, by Sagit Mutual
Funds, as Vice President responsible for computer operations and research on
global technology companies. From 1997 to present, he acted as a consultant on
the high-tech industry and provides technical analysis on high-tech companies.
He holds a Mechanical Engineering degree from University of Minnesota in 1974
and MBA specializing in Management Information Systems ( MIS ) from Hofstra
University in 1996. From 1997 to date, he has been a principal director in
Gemsco Management Ltd. He was a Director of Drucker, Inc. from 1997 to date, and
he was a Director of XIN NET Corp. from 1997 to date. He has been a Director and
Secretary of The Link Group, Inc. since 2001.
Wilson Yim, age 46, is the Chief Technology Officer of Protectserve Pacific
Ltd. and Director of Infotech Networks and Cabling Ltd. He has over 20 years
extensive IT development and project management experience covering all aspects
of the development cycle from analysis and specifications, support and
facilities management. From 1998 to 2000, he was Managing Director of Web Net
H.K. Ltd, a leading e-commerce company specializing on the development of
internet, intranet and web-hosting applications. From 1990 to 1998, he was
Technical Director for Suntech Ltd, a RF and VCD manufacturer in Hong Kong. From
1980 to 1990, he was Chief Technology Officer for Anocomtech ATM Ltd, a Toronto
listed company manufacturing and marketing personal computer across Canada. He
received a Technologist High Diploma from Senecca College of Applied Science &
Technology in 1979.
Simon Wong, aged 49 is a founder and Managing Director of Infotech Networks
and Cabling Ltd. He was appointed as the Director and Chief Operating Officer of
Protectserve Pacific Ltd. since January 2002. He has over 25 years IT
experience, including 18 years with IBM Asia Pacific Group. He held many key
technical positions in their telecommunication division before the establishment
of Infotech in 1998. He has been experienced many large scale networks and
cabling projects including Hong Kong Chek Lap Kok Airport, Hospitals, Container
Port and Intelligent Building. He was graduate from Hong Kong Technical
Institute with Higher Diploma in Electronics.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
3.5 Articles of Amendment (Name change to The Link Group, Inc.)
3.6 Articles of Amendment (Authorization of 200,000,000 shares)
10.1 Share Purchase Agreement
Item 8. CHANGE IN FISCAL YEAR
None
Item 9. REGULATION FD DISCLOSURE
None
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.
THE LINK GROUP, INC.
(Registrant)
/s/ Ernest Cheung
Date: March 25, 2002 -----------------------------------
Ernest Cheung, President