U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of
the Securities Exchange Act of 1934
Date of Report (Earliest event reported): January 23, 2004
NOVA COMMUNICATIONS, INC.
NEVADA 95-4756822
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(State or other jurisdiction (IRS employer Identification No.)
of incorporation)
370 AMAPOLA AVE., SUITE 202, TORRANCE, CA 90501
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(Address of principal executive offices including zip code)
(310) 642-0200
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(Issuer's telephone number including area code)
ITEM 5. OTHER EVENTS AND REQUIRED FD DISCLOSURE.
On January 23, 2004, the registrant entered into an Investment
Agreement and Registration Rights Agreement, respectively, with Dutchess Private
Equities Fund L.P., of Boston, Massachusetts, to provide funding to the
registrant under a private equity line of credit. The line of credit is for an
aggregate of up to $20 million over a period of 36 months.
The registrant will use the proceeds of the equity line of credit to
continue the funding of its acquisitions and existing operations.
ITEM 7. EXHIBITS
99.1 Investment Agreement dated January 23, 2004.
99.2 Registration Rights Agreement dated January 23, 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.
Nova Communications Ltd.
Dated: January 23, 2004 By: /s/ KENNETH D. OWEN
President