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: May 16, 2002 GLOBAL ASSETS AND SERVICES, INC. -------------------------------- (New name of registrant as specified in its charter) (successor registrant under Sec. 12(g)3 of the Securities Exchange Act of 1934) FLORIDA 33-41063-A 59-2960590 - - ----------------- ------------- ------------------ (State or other (Commission (IRS Employer jurisdiction of File Number) Identification No. incorporation post-merger) post-merger) 3816 W. Linebaugh Avenue, Suite 200, Tampa, FL 33624 ---------------------------------------------------------- (NEW ADDRESS) REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (813) 960-0557 ITEM 1. CHANGES IN CONTROL OF REGISTRANT None. ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS None. ITEM 3. BANKRUPTCY OR RECEIVERSHIP None. ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT None. ITEM 5. OTHER EVENTS The Company executed its Software Licensing Agreement for the C4X Encryption and compression Software with M-Cube Corporation, Asia Glove, Inc. The Agreement provides for the Company to issue 500,000 shares of restricted common stock and to pay 50% of the licensing fees (less direct expenses) received by the Company for the use of Software. The term of the Agreement is five years, and extends for the United States and its territories. ITEM 6. RESIGNATION AND APPOINTMENT OF OFFICERS AND DIRECTORS None. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIALS, & EXHIBITS Financial Statements - None. Exhibits - 10.1 Software License Agreement 10.2 Addendum 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 thereunto duly authorized. Date: May 16, 2002 GLOBAL ASSETS & SERVICES, INC. /s/Thomas McCrimmon --------------------------- Thomas McCrimmon, President