UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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) April 6, 2005
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ALPHA WIRELESS BROADBAND, INC.
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(Exact name of registrant as specified in its charter)
Nevada 0-20259 33-0845463
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(State or other (Commission (IRS Employer
jurisdiction of incorporation) File Number) Identification No.)
3753 Howard Hughes Parkway, Suite 200,Las Vegas, Nevada 89109
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(Address of principal executive offices) (Zip Code)
775-588-2387
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Registrant's telephone number, including area code
ALPHA WIRELESS BROADBAND, INC..
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10210 So Eastern Ave. Suite 200, Henderson, Nevada 89052
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(Former name or former address, changes since last report.)
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
followings provisions (see General Instructions A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Item 3.02 Unregistered Sales of Equity Securities
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The following sets forth certain sales of unregistered securities since the
Company's last periodic report. These securities were issued without
registration in reliance upon the exemption provided by Section 4(2) of the
Securities Act of 1933 and/or Regulation D.
On March 8, 2005, the Board of Directors issued 562,500,000 shares of its
unregistered restricted common stock to the Reda Family Trust for $75,000.00.
This issuance was intended to be exempt from registration under section 4(2)
and/or Regulation D of the Securities Act of 1933.
On April 1 2005 the 562,500,000 shares of its unregistered common stock which
were not issued on March 8, 2005 the issuance was changed to 56,250 shares of
Class A Preferred Shares.
Item 8.01 Other Events
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Louis Cherry v. Internet Business's International, Inc.
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On June 4, 2004 an action was filed in Superior Court of California, Orange
County, Central Justice Center Branch; Case Number 04CC03487, entitled Louis
Cherry v. Internet Business's International, Inc. (the "Complaint"). In the
Complaint, Louis Cherry alleged Breach of Employment Contract and sought an
unspecified amount of money damages. The Complaint was settled by and between
Louis Cherry and the Company, and Mr. Cherry was not awarded any monetary sums.
Additionally, Mr. Cherry waived any claims of seeking indemnification by the
Company due to actions of Mr. Cherry, and waived certain claims against certain
assets of the Company. On March 29, 2005, a Dismissal with Prejudice was
entered with the Superior Court of California, Orange County; each Party bore
their own legal fees and costs.
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.
Alpha Wireless Broadband, Inc.
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(Registrant)
April 6, 2005
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Date
/s/ Albert R. Reda
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Albert R. Reda, President