U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report: August 8, 2001
STOCK WATCH MAN INC.
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(Exact Name of registrant as specified in its Charter)
Nevada 0-31959 88-0433815
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(State of Incorporation) Commission File No. (IRS Employer
Identification No.)
1016 Howard St., Las Vegas, NV 89104
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number: (702) 737-0963
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Not applicable
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(Registrant's former name and address)
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Item 2. Acquisition or Disposition of Assets.
On August 8, 2001, the Company entered into an Asset Purchase Agreement
with Global Atomics, Inc., a Wyoming corporation. The Agreement provides
for the Company to acquire a Patent License Agreement between Global Atomics,
Inc. and Global Atomics Licensing, Ltd., a British Virgin Islands
corporation. The asset acquisition agreement requires the Company to issue
and deliver 17,872,500 common shares to Global Atomics, Inc. in consideration
for assigning the Patent License Agreement to the Company. The shares will
be issued to Global Atomics, Inc. in two installments because the Company
has insufficient authorized common stock capital to issue all of the shares
presently. Initially, the Company will issue 12,872,500 common shares with
the balance of 5,000,000 shares being issued and delivered when the
authorized common stock capital is increased. The Company is taking action
to increase the authorized common capital which will require amendment to
the Company's Articles of Incorporation.
The Patent License Agreement involves new technologies which may prove
effective in the remediation of nuclear waste products. Management believes
the potential value of the technologies associated with the Patent License
Agreement justified the issuance of the shares.
Item 5. Other Events.
The Company is taking action which will focus the Company's business
efforts in a new direction. Management believes this new corporate
business will add value to shareholder equity.
On August 6, 2001, the Board of Directors authorized the issuance of
17,872,500 shares of common stock in exchange for the acquisition of a
Patent License Agreement from Global Atomics, Inc., a Wyoming corporation.
The Company presently has 12,872,500 common shares available for the
issuance from its authorized common stock. The 5,000,000 share balance
will be issued when the Company amends its Articles of Incorporation
thereby increasing its authorized common stock.
On August 8, 2001, the majority shareholders authorized the amendment
to the Articles of Incorporation increasing the common stock capital from
15,000,000 shares to 100,000,000 shares. This authorization was implement
by the written consent of the majority shareholders in lieu of a special
meeting. The majority shareholders have also authorized a corporate name
change. The new corporate name will be Nuclear Solutions, Inc. The
increase in authorized capital and new corporate name will not be effective
until the Amendment to the Articles of Incorporation is filed. This filing
will take place after notice to the Company shareholders in accordance with
the provisions of the Schedule 14C Information Statement.
The Company is taking steps to notify its shareholders of the majority
shareholder action. An Information Statement prepared on Schedule 14C is
being prepared for that purpose.
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Steve Yeich, the Company's current Director, President and Secretary
and Tracy Yeich, the Company's Vice President have resigned and appointed
the following persons to fill the vacancies created. The new director and
officers are set forth below and are effective 5:00 o'clock P.M. PST,
August 8, 2001:
Dr. Paul Brown-President, Chief Executive Officer, Director
Patrick Herta, Vice President, Assistant Secretary
Jacky Brown, Secretary, Treasurer
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.
Stock Watch Man, Inc.
Dated: August 8, 2001
/s/ Steven Yeich
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By: Steven Yeich
Title: President
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