UNITED STATES
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 (Date of earliest event reported): June 28, 2007
GLOBAL WATAIRE, INC.
(Exact name of registrant as specified in its charter)
NEVADA
(State or other jurisdiction of incorporation or organization)
000-31343 36-4567500
(Commission File Number) (IRS Employer Identification No.)
534 DELAWARE AVENUE, SUITE 412
BUFFALO, NEW YORK 14202
(Principal executive offices) (Zip Code)
(910) 616-0077
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act
ITEM 8.01. OTHER MATTERS.
On 25 June 2007, we entered into a letter of intent NexGen Bio Energy, LLC.,
(NexGen) of Marion, Ohio with respect to a proposed transaction in which Global,
or its subsidiary, will purchase from NexGen a 4 million gallon per year,
automated, continuous flow, programmable logic controlled, biodiesel production
plant designed by Biodiesel Technologies, Inc. and manufactured by Total Energy
Resources, Inc, both of Tulsa, OK. The biodiesel plant, designated a BPU400, is
to be installed in a biodiesel plant facility either rented from NexGen or at a
plant to be acquired by us. It is intended that this purchase will be the first
in series of investments in the biodiesel production industry.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
---------
The following exhibits are filed herewith:
EXHIBIT NO. IDENTIFICATION OF EXHIBIT
----------- -------------------------
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.
Date: June 28, 2007. GLOBAL WATAIRE, INC.
By /s/ Sydney A. Harland
-----------------------------------
Sydney Harland,
President and Chief
Executive Officer