UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report: June 2, 2005
Date of earliest event reported: May 26, 2005
NOVA COMMUNICATIONS, INC.
(Exact name of registrant as specified in its charter)
NEVADA 333-82608 95-4756822
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1005 Terminal Way, Suite 110, Reno, NV 89502-2179
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (775) 324-8531
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] 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))
SECTION 1- REGISTRANT'S BUSINESS AND OPERATIONS
ITEM 1.01 ENTRY INTO A DEFINITIVE MATERIAL AGREEMENT
The Company has announced that it has successfully completed
the acquisition of the assets of Nacio Systems, Inc, based in
Novato, California., through its wholly- owned subsidiary
Nacio Systems, Inc., newly-formed Nevada corporation. The
acquisition is subject to the approval of the shareholders of
Nacio Systems.Nacio Systems, a member of the Cisco Powered
Network program, provides full-service hosting, disaster
recovery and connectivity solutions for businesses that rely
on the Internet for daily operations. In addition, Nacio
provides fully-managed dedicated server hosting, collocation
and a full range of managed services such as robotic backup,
and commercial grade Internet connectivity.n Attest Systems, a
division of Nacio Systems, publishes software tools that
assist organizations in the management of their software and
hardware assets. GASP, the flagship product, is used worldwide
for asset management, software compliance, Sarbanes-Oxley
compliance and business continuity initiatives.
If approved by the Nacio shareholders, the Company will issue
to Nacio Systems $8,000,000 of its common stock based on the
trailing average of the closing price for the 30 trading days
up to and proceeding the date of closing.
The definitive Asset Purchase Agreement will be the subject of
a subsequent report.
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.
By: /s/ LESLIE I. HANDLER
President
Dated: June 2, 2005