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Quotes & Info
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| NXHZ.OB > SEC Filings for NXHZ.OB > Form 8-K on 4-Aug-2008 | All Recent SEC Filings |
4-Aug-2008
Other Events, Financial Statements and Exhibits
Letter of Intent
On July 28, 2008, Nexhorizon Communications, Inc., ("the Registrant") in the normal course of business entered into a Letter of Intent with Phoenix Communications, Inc. (dba Pine River Cable) ("Phoenix Communications") to purchase 100% of Phoenix Communication's business and its assets located in and around McBain, Michigan. The business will become a wholly-owned subsidiary of the Registrant.
The purchase price will consist of shares of the Registrant's Series B Preferred Stock valued at $2,375,000, with terms to be negotiated prior to closing.
The acquisition will be finalized and closed upon completion of due diligence and the delivery of audited financial statements to the Registrant.
On July 28, 2008, the Registrant issued a press release announcing the signing of the Letter of Intent. The text of the press release is attached herewith as Exhibit 99.1.
(c) Exhibits. The following is a complete list of exhibits filed as part of this Report. Exhibit numbers correspond to the numbers in the exhibit table of Item 601 of Regulation S-K.
Exhibit No. Description
99.1 Press Release, dated July 28, 2008*
10.1 Letter of Intent*
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