Unassociated Document
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of the Securities and Exchange Act of 1934
Date
of
Report (Date of earliest reported): October 31, 2006
EUROWEB
INTERNATIONAL CORP.
(Exact
name of registrant as specified in charter)
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Delaware
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001-12000
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13-3696015
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(State
or other jurisdiction
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(Commission
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(IRS
Employer
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of
incorporation)
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File
Number)
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Identification
No.)
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468
North
Camden Drive Suite 256(I) Beverly Hills, CA 90210
(Address
of principal executive offices) (Zip Code)
Registrant's
telephone number, including area code: (310) 860-5697
Copies
to:
Gregory
Sichenzia, Esq.
Stephen
M. Fleming, Esq.
Sichenzia
Ross Friedman Ference LLP
1065
Avenue of the Americas
New
York,
New York 10018
Phone:
(212) 930-9700
Fax:
(212) 930-9725
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 (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
8.01 Other Items
On
September 7, 2006, Euroweb International Corp. (the “Company”), filed a Form 8K
advising that Euroweb RE Corp.(“ERC”), a wholly-owned subsidiary of the Company
has entered into a Memorandum of Understanding, dated September 3, 2006 (the
“MOU”), with ISAN
Holdings Ltd. (“ISAN”), an Israeli company and unaffiliated third party, based
in Haifa, Israel. The MOU provided that ERC and ISAN were to form a joint
venture to advance that specific real estate development project entitled
“Hayarkon Project”, which involves the development of a high-end condo complex
with six units, situated in Tel-Aviv, located nearby the U.S. embassy on
the sea
shore.(the “Project”). On October 31, 2006, due to the inability to obtain
financing for the Project, ERC has elected to cease all activities related
to
the development of the Project. ERC did not accrue substantial expenses to
date
with regard to the Project.
Item
9.01 Financial Statement and Exhibits
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Exhibit
No. |
Exhibit
Description |
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10.1 |
Memorandum
of Understanding dated September 3, 2006 (incorporated by reference
to the
Form 8-K Current Report filed on September 7,
2006)
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act 1934, the registrant has
duly
caused this report to be signed on its behalf by the undersigned, thereunto
duly
authorized.
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EUROWEB
INTERNATIONAL CORP. |
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|
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By: |
/s/ YOSSI
ATTIA |
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Name:
Yossi Attia |
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Title:
Chief Executive Officer |
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| Date:
November 1, 2006 |
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Beverly
Hills, California
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