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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of
1934
Date of report (Date of earliest event reported): August 21, 2001
ARC Wireless Solutions, Inc.
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(Exact Name of Registrant as Specified in its Charter )
Utah
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(State of Other Jurisdiction of Incorporation)
000-18122 87-0454148
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(Commission File Number) (IRS Employer Identification Number)
4860 Robb Street, Suite 101
Wheat Ridge, Colorado, 80033-2163
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(Address of principal executive offices including zip code)
(303) 421-4063
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(Registrant's telephone number, including area code)
Not Applicable.
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(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events.
On August 21, 2001, the Registrant acquired certain commercial assets of
the wireless communications products line of Ball Aerospace and Technology Corp.
(BATC). These assets consist of raw materials and finished goods inventory,
production tooling equipment, testing equipment and an exclusive license
agreement to use patents related to wireless communications for commercial
purposes. The Registrant acquired these assets for $925,389. BATC continues to
market wireless communications products for military and governmental purposes.
The Registrant used its lines of credit to pay for the acquisition.
The Registrant issued a press release announcing the acquisition on August
22, 2001 and a copy of that press release is attached to this Report on Form 8-K
as Exhibit 99.1.
Item 7. Financial Statements and Exhibits
Exhibit
Number Description
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99.1 Press release issued by the Registrant dated August 22, 2001
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act Of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
ARC WIRELESS SOLUTIONS, INC.
Date: August 31, 2001 By: /s/ Monty R. Lamirato
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Monty R. Lamirato
Chief Financial Officer