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HSYN.PK > SEC Filings for HSYN.PK > Form 8-K on 16-Jun-2009All Recent SEC Filings

Show all filings for HOMELAND SECURITY NETWORK, INC. | Request a Trial to NEW EDGAR Online Pro

Form 8-K for HOMELAND SECURITY NETWORK, INC.


16-Jun-2009

Other Events, Financial Statements and Exhibits


ITEM 8.01 OTHER EVENTS

On June 8, 2009 the issuer entered into a Letter of Understanding ("Letter") with Mogul International Group, Inc, (MI) a with respect to a proposed transaction in which issuer and MI will form a jointly owned entity known as Global Water Systems ("GWS") that will engage in water distribution in certain mutually agreed upon countries. Under the terms of the agreement with Mogul International Group, Inc. (MI), GEC will share ownership through a jointly owned subsidiary, Global Water Systems, Inc. (GWS), for operations in Pakistan and Bangladesh. In addition to the sale of the units, a number of water distribution entities will be established that will pay GWS an ongoing royalty on a per gallon of water delivered basis. Once the new business model is implemented in these two countries, GEC and MI intend to replicate the format in other countries as opportunities arise.



ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

Exhibit Number                            Description
     10.1        Letter of Understanding between Homeland Security Network,
                 Inc. (DBA Global Ecology Corporation and Mogul International
                 Group, Inc. dated June 8, 2009.

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