UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the
Securities Exchange Act of 1934
Date of Event Requiring Report: June 26, 2003
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SATELLITE ENTERPRISES CORP.
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(Exact name of Registrant as Specified in Its Charter)
Nevada 000-26607 88-0390828
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(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
7601 North Federal Highway, Suite 140B
Boca Raton, Florida 33487
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(Address of Principal Executive Offices)
Registrant's telephone number, including area code: (954) 343-7061
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(Former name or former address, if changes since last report)
ITEM 1. CHANGES IN CONTROL OF REGISTRANT.
Not applicable.
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
Not applicable.
ITEM 3. BANKRUPTCY OR RECEIVERSHIP.
Not applicable.
ITEM 4. CHANGES IN REGISTRANT'S CERTIFIYING ACCOUNTANTS.
Not applicable.
ITEM 5. OTHER EVENTS.
On June 26, 2003, the Registrant entered into an Employment Agreement
effective July 1, 2003 with Mr. Fred DeVries as its President, CEO and member of
the Board and with Renato Mariani as its Executive Vice President and Chief
Marketing Officer. The Registrant's General and Securities attorney Mr. Jerry
Gruenbaum will act as the Registrant's Secretary.
Mr. Fred DeVries, as the new President and CEO and Mr. Renato Mariani, as
the new E.V.P. and Chief Marketing Officer will head the Registrant's executive
management team. They have over 45 years of combined experience and leadership
in Executive Sales, Engineering, Business Development, Corporate Strategy,
Marketing, Brand Management and Operations. They will oversee initial operations
for the Registrant including staffing of key personnel such as Sales and
Operations managers as well as the development of initial lead Corporate
Accounts team and Territory Managers.
Biography of Mr. Fred DeVries
President, Chief Executive Officer and Director
Mr. DeVries is a senior level global executive with twenty-five years of
experience in the Telecommunications industry with Nortel Networks. While at
Nortel he held various senior positions in the Optical, Switching, Network
Access, and Enterprise product organizations. His diverse multi cultural
experience also includes regional expatriate assignments in Europe, Hong Kong
and Mexico after his initial transfer from Canada to Nortel's Caribbean and
Latin American (CALA) headquarters in Sunrise, Florida.
Recently Mr. DeVries held the position of Vice President Sales-Enterprise
Service Providers (Europe) developing commercial relationships with and
deploying CRM, Network Management, Optical, Voice and Data Networks through
major European Service Providers and Integrators to Fortune 500 companies. Prior
to that he held the position of Benelux Regional Managing Director - Enterprise
Network Solutions managing all facets of the business while on assignment in
Amsterdam.
In 2002, Mr. DeVries co-founded and became Senior Managing Partner at the
Equity Impact Group (EIG) a business development and market consulting firm
specializing in business impact strategies and tactics supporting the small and
medium business market. He and the EIG team were responsible for implementing
key market development initiatives designed to successfully increase the
profitability of their customers.
During his career Mr. DeVries has had the opportunity to executive manage
prestigious Accounts such as TeleDenmark, KPN, Deutsch Telecom, Swisscom,
Eircom, Telecom Italia, Telenor, Telia, Sonera, Telefonica, Telecom Italia,
Getronics and Telindus in Europe; Telmex, Avantel and Red Uno in Mexico; Bell
Canada and Alberta Govt Tel in Canada; and Bell South, SBC, Anixter, Cabletron
and Williams (WCG) in the United States.
A graduate of the internationally renowned Queen's University in Canada,
Mr. DeVries majored in Business and Economics. He also has a post graduate
degree in Certified Management (CMA) specializing in advanced business
management.
Biography of Mr. Renato Mariani
Executive Vice-President and Chief Marketing Officer
Mr. Mariano is a senior level global executive with a twenty one year
career in the telecommunications world with Nortel Networks where he most
recently lead a Corporate Strategy team designed to analyze market and
technology evolution scenarios, recovery tactics and going forward strategies to
achieve success in an uncertain and difficult market. Mr. Mariano began his
career at Nortel in Research and Development as a Member of the Scientific Staff
investigating various telecommunications technologies like outside plant
technology, cable, installation products and methods, structures research and
cable testing. As Director of Product Marketing: Canada, he was responsible for
all Transmission Access Network market opportunities relating to Nortel
Networks' new fiber optic product network philosophy and product lines.
Mr. Mariano joined Nortel Networks CALA (Caribbean and Latin America), in
Florida, in 1993 and was responsible for the Transmission and Broadband
Engineering (Systems and Customer Engineering) organization supporting the CALA
Region in pre-sales and post-sales activities. He held a variety of senior posts
in Broadband Networks Marketing, Carrier Networks Marketing and Integrated Brand
Management supporting the Marketing, Proposals, and Brand Management activities
for the CALA region. Mr. Mariano returned to the North American market directing
Business Development and due diligence activities for the U.S. emerging service
provider market; Nortel Corporate Strategic Marketing and Nortel's Industry
Analyst Relations.
In 2002, Mr. Mariano co-founded and became Senior Managing Partner at the
Equity Impact Group (EIG) a business development and market consulting firm
specializing in business impact strategies and tactics supporting the small and
medium business market. He and the EIG team implemented key market development
initiatives designed to successfully increase the profitability of their
customers.
Mr. Mariano holds four U.S and Canadian patents related to cable splicing
and optical testing technology; is a Registered Professional Engineer and a
five-time recipient of the prestigious Nortel Networks Award of Excellence, and
a recipient of the Nortel Networks CALA Award of Excellence. He received his
Bachelor of Engineering degree in 1979 from the prestigious Engineering School
of Carleton University in Ottawa, Canada, as well as extensive postgraduate
business and marketing training.
Biography of Mr. Jerry Gruenbaum
General and Securities Counsel and Corporate Secretary
Mr. Gruenbaum has been admitted to practice law since 1979 and is a
licensed attorney in various states including the States of Massachusetts and
Connecticut where he maintains his practice, as a Principal in the firm of SEC
Attorneys, LLC specializing in Securities Law, Mergers and Acquisitions,
Corporate Law, Tax Law, International Law and Franchise Law. He is a former
President and a Chairman of the Board of Directors of a multinational
publicly-traded company with operations in Hong Kong and the Netherlands. He
worked for the tax departments for Peat Marwick Mitchell & Co. (now KPMG Peat
Marwick LLP) and Arthur Anderson & Co. He has served as Compliance Director for
CIGNA Securities, a division of CIGNA Insurance. He has lectured and taught at
various Universities throughout the United States in the areas of Industrial and
financial Accounting, taxation, business law, and investments. Attorney
Gruenbaum graduated with a B.S. degree from Brooklyn College - C.U.N.Y.
Brooklyn, New York; has a M.S. degree in Accounting from Northeastern University
Graduate School of Professional Accounting, Boston, Massachusetts; has a J.D.
degree from Western New England College School of Law, Springfield,
Massachusetts; and an LL.M. in Tax Law from the University of Miami School of
Law, Coral Gables, Florida.
ITEM 6. RESIGNATIONS OF REGISTRANT'S DIRECTORS.
Not applicable.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
Exhibits:
Exhibit No. Document Description
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10 Employment Agreement with Fred DeVries dated
June 26, 2003.
99 Press Release dated June 26, 2003.
ITEM 8. CHANGE IN FISCAL YEAR.
Not applicable.
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.
Dated: June 26, 2003 Satellite Enterprises Corp.
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(Registrant)
/s/ Steve Mannen
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Steve Mannen, Interim CEO
/s/ Jerry Gruenbaum
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Jerry Gruenbaum, Secretary