SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: December 6, 2002
(Epixtar Corp.)
GLOBAL ASSET HOLDINGS, INC.
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(Exact name of Registrant as specified in charter)
Florida 011-15499 55-0722193
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(State or Other (Commission File No.) (IRS Employer
Jurisdiction of Identification No.)
Incorporation)
11900 Biscayne Blvd., Suite 262, Miami, Florida 33181
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(Address of principal executive officers)
305-503-8600
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(Telephone)
Item 5. Other Materially Important Events
In December 2002 the Company renegotiated its loan from Brookfield Investments
Ltd in the amount of approximately $2,800,000 which was due on demand. The
Company obtained an agreement to defer demand for payment for two years and for
Brookfield to subordinate its security interest in accounts receivable to
certain types of lenders in exchange for 3,000,000 shares of the Company's
restricted common stock and an agreement to repay accrued interest. In addition,
the Company retained the right to prepay the loan without any penalty at any
time.
The Company announced the introduction of two new products marketed by its
subsidiaries. One is a legal package to enable a small businessman to obtain
legal documents and advice and certain internet services. The other is a bundled
discount long distance service
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Dated: January 28, 2003
GLOBAL ASSET HOLDINGS, INC.
(Registrant)
/s/ Martin Miller
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Martin Miller, Chairman of the
Board of Directors