SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* Eastern Advisors Capital Group LLC (Last) (First) (Middle) 101 PARK AVENUE, 48TH FLOOR (Street) NEW YORK NY 10178 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol HSW International, Inc. [ HSWI ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 05/05/2008
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock ($0.001 par value)	05/05/2008		J(3)		479,142	D	$4.03	4,012,783	I	By: Eastern Advisor Fund, LP(1)
Common Stock ($0.001 par value)	05/05/2008		J(3)		479,142	A	$4.03	1,976,446	I	By: Eastern Advisor Offshore Fund, Ltd.(2)
Common Stock ($0.001 par value)	06/03/2008		P		21,047	A	$3.6821	4,033,830	I	By: Eastern Advisor Fund, LP(1)
Common Stock ($0.001 par value)	06/03/2008		P		10,367	A	$3.6821	1,986,813	I	By: Eastern Advisor Offshore Fund, Ltd.(2)
Common Stock ($0.001 par value)	06/04/2008		P		43,550	A	$3.8502	4,077,380	I	By: Eastern Advisor Fund, LP(1)
Common Stock ($0.001 par value)	06/04/2008		P		21,450	A	$3.8502	2,008,263	I	By: Eastern Advisor Offshore Fund, Ltd.(2)
Common Stock ($0.001 par value)	06/05/2008		P		4,003	A	$3.9	4,081,383	I	By: Eastern Advisor Fund, LP(1)
Common Stock ($0.001 par value)	06/05/2008		P		1,971	A	$3.9	2,010,234	I	By: Eastern Advisor Offshore Fund, Ltd.(2)
Common Stock ($0.001 par value)	06/06/2008		P		80,400	A	$4.0291	4,161,783	I	By: Eastern Advisor Fund, LP(1)
Common Stock ($0.001 par value)	06/06/2008		P		39,600	A	$4.0291	2,049,834	I	By: Eastern Advisor Offshore Fund, Ltd.(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* Eastern Advisors Capital Group LLC (Last) (First) (Middle) 101 PARK AVENUE, 48TH FLOOR (Street) NEW YORK NY 10178 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* EASTERN ADVISORS, LLC (Last) (First) (Middle) 101 PARK AVENUE, 48TH FLOOR (Street) NEW YORK NY 10178 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* EASTERN ADVISOR OFFSHORE FUND, LTD (Last) (First) (Middle) 101 PARK AVENUE, 48TH FLOOR (Street) NEW YORK NY 10178 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* EASTERN ADVISOR FUND LP (Last) (First) (Middle) 101 PARK AVENUE, 48TH FLOOR (Street) NEW YORK NY 10178 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* BOOTH SCOTT (Last) (First) (Middle) 101 PARK AVENUE, 48TH FLOOR (Street) NEW YORK NY 10178 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. Eastern Advisors Capital Group, LLC (the "Investment Manager") serves as investment manager and Eastern Advisors, LLC (the "Domestic Fund GP") serves as general partner to Eastern Advisor Fund, LP (the "Domestic Fund"), the direct owner of the subject securities. Scott Booth is the managing member of both the Investment Manager and the Domestic Fund GP. Each Reporting Person disclaims beneficial ownership of all securities reported herein, except to the extent of their pecuniary interest therein, if any, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the shares for purposes of Section 16 of the Securities and Exchange Act of 1934 or for any other purpose.

2. The Investment Manager serves as investment manager to Eastern Advisor Offshore Fund, Ltd. (the "Offshore Fund"), the direct owner of the subject securities. Scott Booth is the managing member of the Investment Manager and a director of the Offshore Fund. Each Reporting Person disclaims beneficial ownership of all securities reported herein, except to the extent of their pecuniary interest therein, if any, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the shares for purposes of Section 16 of the Securities and Exchange Act of 1934 or for any other purpose.

3. This transaction occurred pursuant to the Investment Manager's periodic rebalancing of the assets held by the Domestic Fund and the Offshore Fund.

Remarks:

	/s/ Scott Booth For himself, as Managing Member of the Investment Manager and the Domestic Fund GP and as a Director of the Offshore Fund.	06/06/2008
	** Signature of Reporting Person	Date
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