-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IeoaOzOb8zUkakpC2HRC+AwOz8QLatN9IWEUHF2GFnV+n8rAb/55tDMzKBIMopcS +OMjjQfQ5FkC8kTiu8DPHA== 0001108890-04-000692.txt : 20041122 0001108890-04-000692.hdr.sgml : 20041122 20041122133825 ACCESSION NUMBER: 0001108890-04-000692 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20041116 ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041122 DATE AS OF CHANGE: 20041122 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BESTNET COMMUNICATIONS CORP CENTRAL INDEX KEY: 0000799694 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 861006416 STATE OF INCORPORATION: NV FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-15482 FILM NUMBER: 041160090 BUSINESS ADDRESS: STREET 1: 5075 CASCADE ROAD SE STREET 2: SUITE A CITY: GRAND RAPIDS STATE: MI ZIP: 49546 BUSINESS PHONE: 616-977-9933 MAIL ADDRESS: STREET 1: 5075 CASCADE ROAD SE STREET 2: SUITE A CITY: GRAND RAPIDS STATE: MI ZIP: 49546 FORMER COMPANY: FORMER CONFORMED NAME: WAVETECH INTERNATIONAL INC DATE OF NAME CHANGE: 19980225 FORMER COMPANY: FORMER CONFORMED NAME: WAVETECH INC DATE OF NAME CHANGE: 19920703 8-K 1 bestnet8k112204.txt PERIOD ENDED 11-16-04 SECURITIES AND EXHANGE COMMISSION WASHINGTON, D.C. 20549 ------------------ FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OF 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported) November 16, 2004 ----------------------- BestNet Communications Corporation ---------------------------------------------------- (Exact Name of Registrant as Specified in its Charter) Nevada 001-15482 86-1006416 --------------------------- ---------------------- ------------ (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification Number) 5075 Cascade Rd. SE, Suite A. Grand Rapids, MI 49546 -------------------------------------- -------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (616) 977-9933 ---------------- ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS. BestNet Announces Election of new Chairman of the Board Exhibits Title - -------- ----- 99 Press release, issued by BestNet Communications Corporation Dated November 22, 2004 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BestNet Communications Corporation By: /s/ Stanley L. Schloz ------------------------------- Stanley L. Schloz President By: /s/ Michael A. Kramarz -------------------------- Michael A. Kramarz Chief Financial Officer Date: November 22, 2004 EX-99 2 bestnetexhib99-112204.txt PRESS RELEASE DATED 11-22-04 EXHIBIT-99 BESTNET ANNOUNCES ELECTION OF NEW CHAIRMAN OF THE BOARD GRAND RAPIDS, Michigan - November 22, 2004 - BestNet Communications Corp. (OTCBB: BESC) announced today the resignation of Mr. Richard Bourke as President and Chairman of the Board of Directors and the election of Mr. Stanley L. Schloz. Mr. Bourke continues as a member of the Board of Directors. Mr. Schloz has been a member of the Board of Directors since October 2003. In announcing the change, Mr. Schloz praised Mr. Bourke's initiatives in reducing costs, increasing marketing activities and placing increased emphasis on product enhancement. In his letter of resignation, Mr. Bourke advised that he would be spending more of his time in other business activities. Stanley L. Schloz retired from Motorola in 1998 after a 32-year successful career spanning positions in engineering through senior business management. As Director, Tactical Systems Operations of the Space and Systems Technology Group he was responsible for the strategic direction and performance of the electronic fuse business with over $150M annual sales serving US and foreign governments along with prime contractors. His organization consisted of over 400 program management, engineering, marketing, and manufacturing associates. Recently Mr. Schloz has been engaged in business management consulting. He holds a BSEE from Iowa State University and has done Advanced Business studies at Arizona State University. Mr. Schloz also stated that "BestNet is exploring entering into the bio-tech industry. We believe that by prudent selection of an investment portfolio, we can bring rich rewards to our shareholders. We realize, of course, that bio-tech investments are risky but believe that the potential rewards will outweigh the risks." About BestNet Communications Corp. BestNet Communications is a global solutions provider of long distance; conference calling, ClicktoPhone and custom application-based communication services. BestNet's services are accessed worldwide via the Internet, standard phones and wireless devices and are delivered using standard phone lines and equipment. This results in a cost effective high quality service for both businesses and consumers. Under the brand name Bestnetcall(TM) (WWW.BESTNETCALL.COM) the patented services offer subscribers premium quality calls and conference calling, at significantly lower rates. Calls and conference calls can also be launched via a desktop application or handheld devices including Palm(TM), Pocket PC(R) and Blackberry(TM) and used with any standard or wireless phone. In addition the company's new ClicktoPhone(TM) service (www.ClicktoPhone.com) enables clients to add secure and anonymous voice communication connectivity anywhere in the world to web sites, web banners, pictures, electronic documents, and customized e-mail calling buttons. This release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the "safe harbor" created thereby. These statements include the plans and objectives of management for future operations, including plans and objectives. The forward-looking statements herein are based on current expectations that involve judgments with respect to, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond control of the company. Although the company believes that the assumptions underlying the forward-looking statements are reasonable, any one of the assumptions could be inaccurate and, therefore, can be no assurance that the forward-lookingstatements included in this release will prove to be accurate. -----END PRIVACY-ENHANCED MESSAGE-----