-----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, R8JXrgxpb9kmjdfi22zW+8hzegeU136V3YuzNCmcOc3w+h71yxLROtQkjVLx7u1q xZpSDZjb1SeX4kRDpPfgBQ== 0001108890-07-000024.txt : 20070202 0001108890-07-000024.hdr.sgml : 20070202 20070202094311 ACCESSION NUMBER: 0001108890-07-000024 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070201 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070202 DATE AS OF CHANGE: 20070202 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Oncologix Tech Inc. 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: 07574566 BUSINESS ADDRESS: STREET 1: 2850 THORNHILLS AVE. SE STREET 2: SUITE 104 CITY: GRAND RAPIDS STATE: MI ZIP: 49546 BUSINESS PHONE: 616-977-9933 MAIL ADDRESS: STREET 1: 2850 THORNHILLS AVE. SE STREET 2: SUITE 104 CITY: GRAND RAPIDS STATE: MI ZIP: 49546 FORMER COMPANY: FORMER CONFORMED NAME: BESTNET COMMUNICATIONS CORP DATE OF NAME CHANGE: 20001219 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 oncologix8k020207.txt DATED 02-02-07 United States Securities and Exchange Commission Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: February 2, 2007 (Date of earliest event reported: February 1, 2007) ONCOLOGIX TECH INC. (Exact name of registrant as specified in its charter) Nevada 001-15482 86-1006416 --------------------------- ---------- ----------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 2850 Thornhills Ave., S.E., Suite 104 Grand Rapids, Michigan 49546 -------------------------------------- -------- (Address of principal executive offices) (Zip Code) (616) 977-9933 ----------------------------- (Registrant's telephone number) Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 8.01 Other Events On January 31, 2007 the registrant published a Press Release describing the accomplishment of the first "milestone" in the development of its Oncosphere product. Pursuant to the terms of its Merger Agreement with JDA Medical Technologies, Inc. the attainment of that milestone fulfilled the condition for the release from escrow of 7,460,792 shares of the Registrant's common stock to the four holders thereof, who were principal shareholders of JDA, among whom the following individuals are currently officers or directors of the Registrant: Andrew Green, Andrew S. Kennedy, MD, and Adam Lowe. Item 9.01 Financial Statements and Exhibits (a) Exhibits -------- Exhibit Title 99 Press release issued by Oncologix Tech Inc. dated February 1, 2007 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: February 2, 2007 EX-99 2 oncologixexhib99-020207.txt PRESS RELEASE DATED 02-01-07 Exhibit 99 ONCOLOGIX TECH INC. (FORMERLY BESTNET COMMUNICATIONS CORP.) ACHIEVES FIRST MAJOR DEVELOPMENT MILESTONE GRAND RAPIDS, Mich.--(PR Newswire) -- February 1, 2007 - Oncologix Tech Inc.'s (formerly BestNet Communication Corp.) (OTC BB: BESC) wholly owned subsidiary Oncologix Corporation announced today an early completion of the first of three performance milestones, the Development Phase, for its Oncosphere product. The Company also stated that because of the change in its name, it expects a new symbol for the trading of its securities on the OTC Bulletin Board in the near future. In completing the Development Phase Oncologix successfully manufactured microspheres that are representative of the microspheres that will be used for the next phase, Pre-Clinical Testing. Additionally, the manufactured product demonstrates that the design and manufacturing process are reproducible in scalable quantities at reasonable costs. The end of this phase was scheduled for July 2007 and its completion allows Oncologix to enter the next project phase for the Oncosphere System earlier than originally anticipated. Completion of each of three performance milestones, as defined by the July 26, 2006 merger agreement with JDA Medical Technologies Inc., allows the release of escrowed shares of Oncologix common stock to the former principal shareholders of JDA. Completion of the development phase permits a total of 7,460,792 shares of stock to be released from the escrow. The shareholders may sell the shares under the provisions of SEC Rule 144. According to Andrew Green, CEO of Oncologix, "We are extremely pleased to announce the successful completion of the Development Phase and are excited by the progress that our team has made with the Oncosphere project. We now have a product that we are confident in testing to support a request to the FDA to start a clinical trial. I believe that with these results we can expect to be treating patients in early 2008." Andrew S. Kennedy, MD, Chief Science and Medical Officer of Oncologix, stated, "I am delighted that we have produced a design for our microsphere treatment, and I am most excited about beginning animal studies to verify the product's safety and performance. I am looking forward to initiating human studies in the near future using our Oncosphere product." About Oncologix Tech Inc. and Oncologix Corp.: Oncologix Tech Inc., (formerly BestNet Communications Corp.) was formerly a provider of long distance telephone communication services. During January 2007, the Company entered into an agreement to dispose of the telephone business. Oncologix Corporation, based in Atlanta GA, is a wholly owned subsidiary of Oncologix Tech Inc.. Oncologix is developing advanced medical treatments for soft tissue cancers; the Oncosphere System. The Oncosphere System is a brachytherapy (radiation therapy) device being developed for the treatment of soft tissue cancers. It is based on a radioactive micro-particle designed to deliver therapeutic radiation directly to a tumor site by introducing the micro-particles into the artery that feeds the tumor tissue. 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-looking statements included in this release will prove to be accurate. -----END PRIVACY-ENHANCED MESSAGE-----