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: September 30, 2002
ATNG, INC.
--------------
(Exact name of registrant as specified in its charter)
Texas 000-28519 76-0510754
- ---------------------- ---------- -----------------
(State or other (Commission File No.) (IRS Employer
jurisdiction of Identification No.)
incorporation)
3435 Wilshire Blvd., Suite 2040, Los Angeles, California 90010
---------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (213) 401-2031
--------------
ITEM 1. CHANGES IN CONTROL OF REGISTRANT
None.
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
None.
ITEM 3. BANKRUPTCY OR RECEIVERSHIP
The Company is contemplating filing bankruptcy but has not filed yet.
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
None.
ITEM 5. OTHER EVENTS
On August 29, 2002, the Company discontinued its Blue Kiwi flat rate long
distance service due to unprofitability and lack of capital.
The Company is contemplating a Chapter 11 bankruptcy proceeding to
reorganize the Company, which may include the sale of the Segmented Data and
Asian Infolink divisions.
The Company is currently negotiating to attempt to achieve a settlement
with the Missouri Division of Securities over the sale of unregistered
securities. The Company expects to enter into a Consent and Stipulation with the
Missouri Division of Securities that a) it sold unregistered securities; b) it
will not violate the Registration provisions of Missouri Securities Law in the
future; and c) it agrees to pay a fine of $10,000 plus reimbursement of $94,000
to investors.
There are no funds available to reimburse the investors or to pay the
fine.
ITEM 6. RESIGNATION AND APPOINTMENT OF DIRECTORS
George Betts is resigning as officer and Director effective October 1,
2002. He will be retained as a consultant and will continue to assist the
Company with public and investor relations and will advise on strategy and other
policy matters.
Robert Gates has been appointed CEO and Director.
2
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIALS, & EXHIBITS
Financial Statements: None
Exhibits: None
3
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: September 30, 2002 ATNG, Inc.
By: /s/ George Betts
-----------------------------------
George Betts, President & CFO
4