UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)
VoIP, Inc.
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(Name of Issuer)
Common Stock, Par Value $0.001 Per Share
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(Title of Class of Securities)
928628 10 6
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(CUSIP Number)
David S. Montoya
Chief Financial Officer
14911 Quorum Drive
Suite 140
Dallas, Texas 75240
Telephone: (972) 361-1980
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
October 18, 2005
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(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box. [ ]
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss.240.13d-7 for other
parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 (the "Act") or otherwise subject to the liabilities of that section
of the Act but shall be subject to all other provisions of the Act (however,
see the Notes).
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CUSIP No. 928628 10 6
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NAME OF REPORTING PERSON
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
WQN, INC. (I.R.S. IDENTIFICATION NO. 000-27751)
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
OO
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS [ ]
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
DELAWARE
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SOLE VOTING POWER
NUMBER OF 7
SHARES 10,239,100
BENEFICIALLY --------------------------------------------------------
OWNED BY SHARED VOTING POWER
EACH 8
REPORTING - 0 -
PERSON --------------------------------------------------------
WITH SOLE DISPOSITIVE POWER
9
10,239,100
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SHARED DISPOSITIVE POWER
10
- 0 -
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,239,100
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
17.7%
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14 TYPE OF REPORTING PERSON
CO
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This Amendment No. 1 (this "Amendment") amends and supplements the
Statement on Schedule 13D filed with the Securities and Exchange Commission on
October 17, 2005 (the "Statement"). Capitalized terms used and not defined
herein shall have the meanings assigned to such terms in the Statement. Except
as disclosed herein, there has been no change in the information previously
reported on Schedule 13D.
ITEM 2. IDENTITY AND BACKGROUND.
Annex A to the Statement is hereby amended in its entirety to read as
set forth on Annex A to this Amendment.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.
Item 6 of the Statement is hereby amended by deleting the first
paragraph under the caption "Board Observer; Board Member" and adding the
following in lieu thereof:
Pursuant to the APA, VoIP agreed to nominate Mr. B. Michael Adler,
WQN's chief executive officer prior to the consummation of the Sale and a
current director of WQN, for election to, and use its best effort to cause Mr.
Adler to be elected to, the board of directors of VoIP at the next annual
meeting of stockholders of VoIP. Mr. Adler, upon election, would be designated
chairman of the board of directors. On October 18, 2005, VoIP announced that
Mr. Adler had been named the company's chairman and chief executive officer.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete
and correct.
Dated: October 20, 2005
WQN, INC.
By: /s/ David S. Montoya
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Name: David S. Montoya
Title: Chief Financial Officer
ANNEX A
DIRECTORS AND EXECUTIVE OFFICERS OF WQN
The name, business address, present principal occupation or employment
and name, principal business and address of any corporation or other
organization in which such employment is conducted of each of the directors and
executive officers of WQN are set forth below. All of the persons listed below
are citizens of the United States.
DIRECTORS (INCLUDING EXECUTIVE OFFICERS)
Name, Principal Business
and Address of
Corporation or Present
Principal Organization in
which such Employment
Name Occupation or Employment is Conducted
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Scott W. Hartman Chief Executive Officer WQN, Inc.
14911 Quorum Drive Suite 140
Dallas, Texas 75240
David S. Montoya Chief Financial Officer WQN, Inc.
14911 Quorum Drive Suite 140
Dallas, Texas 75240
Robert A. Farmer (Chairman) Private Investor WQN, Inc.
14911 Quorum Drive Suite 140
Dallas, Texas 75240
E. Denton Jones Private Investor WQN, Inc.
14911 Quorum Drive Suite 140
Dallas, Texas 75240
Elizabeth H. Buchler Owner and Principal Broker Real Estate Showcase
5301 General Meyer Avenue
New Orleans, Louisiana 70131
Hal H. Bibee Corporate Financial Consultant Hal H. Bibee Company
1550 Lovell Road
Knoxville, Tennessee 37932
B. Michael Adler Chairman and Chief VoIP, Inc.
Executive Officer 12330 SW 53rd Street, Suite 712
Ft. Lauderdale, FL 33330