DEF 14C 1 e-8968.txt DEF 14C FOR MULTINET INTERNATIONAL CORP. SCHEDULE 14C INFORMATION Information Statement Pursuant to Section 14(c) of the Securities Exchange Act of 1934 Check the appropriate box: [ ] Preliminary Information Statement [ ] Confidential, for use of the Commission Only (as permitted by Rule 14c-d(d)(2)) [X] Definitive Information Statement MULTINET INTERNATIONAL CORPORATION, INC. (Name of Registrant As Specified In Its Charter) Payment of Filing Fee (Check the appropriate box) [X] No Fee Required [ ] Fee computed on table below per Exchange Act Rules 14c-5(g) and 0-11 1) Title of each class of securities to which transaction applies: N/A Aggregate number of securities to which transaction applies: N/A 2) Per Unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee is calculated and state how it was determined) : N/A 3) Proposed maximum aggregate value of transaction: N/A 4) Total fee paid: N/A [ ] Fee paid previously with preliminary materials. [ ] Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. 1) Amount Previously Paid: $0 2) Form, Schedule or Registration Statement No.: N/A 3) Filing Party: N/A 4) Date Filed: N/A MULTINET INTERNATIONAL CORPORATION, INC. 554 Greentree Cove, Suite 1012 Collierville, Tennessee 38017 INFORMATION STATEMENT WE ARE NOT ASKING YOU FOR A PROXY STATEMENT AND YOU ARE REQUESTED NOT TO SEND A PROXY Approximate date of Mailing of this Information Statement: September 11th, 2002 TO ALL STOCKHOLDERS: NOTICE is hereby given that the Company will take the following actions pursuant to Written Consent of the Majority Shareholders of Multinet International Corporation, Inc.: 1. To Amend the Articles of Incorporation to change the Corporate name to SHOWINTEL NETWORKS, INC. The Board of Directors has fixed the close of business on August 16th, 2002 as the Record Date for determining the Shareholders entitled to Notice of the foregoing. The costs of preparing, printing, and mailing this Information Statement will be borne by the Company. THIS IS NOT A NOTICE OF A MEETING OF SHAREHOLDERS AND NO SHAREHOLDER MEETING WILL BE HELD TO CONSIDER ANY MATTER DESCRIBED HEREIN. /s/ David V. Lott ---------------------------------- David V. Lott Its: Secretary Date: September 10th, 2002 INTRODUCTION This Information Statement is being furnished by the Board of Directors of Multinet International Corporation (the "Company"), to stockholders in connection with actions taken by certain Shareholders by Consent Without Meeting pursuant to Nevada Revised Statutes 78.320(2) and 78.207. The Board of Directors has adopted a resolution to amend the Articles of Incorporation to change the name of the Company to SHOWINTEL NETWORKS, INC. The Board believes the name change will be beneficial in that Showintel Networks, Inc. It will provide a better description of the Company's current operations and will bring it into conformity with its wholly owned subsidiary, Showintel Networks, a Tennessee Corporation. DISSENTER'S RIGHTS The Nevada Revised Statutes does not provide for dissenter's rights in connection with a change in name of a Nevada Corporation INTEREST OF CERTAIN PERSONS IN MATTERS TO BE ACTED UPON No director, executive officer, nominee for election as a director, associate of any director, nominee for election as an executive officer or any other person has any substantial interest, direct or indirect, by security holdings or otherwise, in the proposed amendments which is not shared by all other stockholders. VOTING SECURITIES AND PRINCIPAL HOLDERS THEREOF As of the Record Date, the Company's authorized capitalization consisted of 25,000,000 shares of stock, par value $.001. As of the Record Date, there were 23,201,001 shares of Common Stock outstanding, all of which were fully paid, non-assessable and entitled to vote, and 0 shares of preferred stock outstanding. Each share of Common stock entitles its holder to one vote on each matter submitted to the Shareholder. The following table sets forth, as of the Record Date, the number of shares of Common Stock of the Company owned by (i) each person who is known by the Company to own of record or beneficially five percent (5%) or more of the Company's outstanding shares, (ii) each director of the Company, (iii) each of the executive officers, and (iv) all directors and executive officers of the Company as a group. Unless otherwise indicated, each of the Shareholders has sole voting and investment power with respect to the shares beneficially owned. Number of Shares Name and Address of Common Stock Percentage of of Beneficial Owner Beneficially Owned Class ------------------- ------------------ ----- David V. Lott Living 13,572,500 58.5% Trust. (Officer/Director) 1701 Tall Forrest Lane Collierville TN 38017 Hope Christian 1,800,000 7.76% Community Foundation 5100 Poplar Avenue Suite 2412 Memphis, TN 38137 Officers and Directors 13,572,500 58.5% As a Group ADDITIONAL INFORMATION Additional information concerning the Company, including all reports filed with the Securities and Exchange Commission, may be accessed through the Securities and Exchange Commission's EDGAR archives at www.sec.gov. By Order of the Board of Directors /s/ David V. Lott ----------------------------------------- David V. Lott, Director