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<TITLE>Converted by EDGARwiz</TITLE>
<META NAME="author" CONTENT="Callie Tempest Jones">
<META NAME="date" CONTENT="11/13/2006">
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<P style="margin:0px" align=center><B>UNITED STATES</B></P>
<P style="margin:0px" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0px" align=center><B>WASHINGTON, DC 20549</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>FORM 8-K</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>CURRENT REPORT</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>Pursuant to Section 13 or 15(d) of the</B></P>
<P style="margin:0px" align=center><B>Securities Exchange Act of 1934</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><B>Date of report (Date of earliest event reported): November 13, 2006</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>IRISH MAG, INC.</B></P>
<P style="margin:0px" align=center><B>--------------------------------------------------------------------------------</B></P>
<P style="margin:0px" align=center><B>(Exact Name of Registrant as Specified in Charter)</B></P>
<TABLE style="font-size:13.333px" cellspacing=0><TR><TD width=180.867></TD><TD width=16.667></TD><TD width=180.867></TD><TD width=16.667></TD><TD width=180.933></TD></TR>
<TR><TD valign=bottom width=180.867><P style="margin:0px; text-indent:-12px" align=center><B>Florida</B></P>
</TD><TD valign=top width=16.667><P style="margin:0px"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></P>
</TD><TD valign=bottom width=180.867><P style="margin:0px" align=center><B>333-132119</B></P>
</TD><TD valign=bottom width=16.667><P style="margin:0px"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></P>
</TD><TD valign=bottom width=180.933><P style="margin:0px" align=center><B>59-1944687</B></P>
</TD></TR>
<TR><TD valign=top width=180.867><P style="margin:0px; text-indent:-12px" align=center>(State or Other Jurisdiction </P>
<P style="margin:0px; text-indent:-12px" align=center>of Incorporation)</P>
</TD><TD valign=top width=16.667><P style="margin:0px; font-size:16px">&nbsp;</P>
</TD><TD valign=top width=180.867><P style="margin:0px" align=center>(Commission </P>
<P style="margin:0px" align=center>File Number)</P>
</TD><TD valign=top width=16.667><P style="margin:0px; font-size:16px">&nbsp;</P>
</TD><TD valign=top width=180.933><P style="margin:0px" align=center>(IRS Employer </P>
<P style="margin:0px" align=center>Identification No.)</P>
</TD></TR>
</TABLE>
<P style="margin:0px; font-size:16px">&nbsp;</P>
<P style="margin:0px" align=center><B>646 First Avenue South</B></P>
<P style="margin:0px" align=center><B>St. Petersburg, Florida</B>&nbsp;<B>33701</B></P>
<P style="margin:0px" align=center><B>--------------------------------------------------</B></P>
<P style="margin:0px" align=center><B>(Address of Principal Executive Offices)</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><B>Registrant's telephone number, including area code: (866) 821-9004</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">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):</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:Wingdings"><FONT FACE="Wingdings">o</FONT><FONT FACE="Times New Roman"> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:Wingdings">o<FONT FACE="Times New Roman"> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:Wingdings">o<FONT FACE="Times New Roman"> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:Wingdings">o<FONT FACE="Times New Roman"> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></P>
<P style="margin:0px; font-size:16px"><FONT FACE="Times New Roman">&nbsp;</FONT></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:16px">&nbsp;</P>
<P style="margin:0px; font-size:16px">&nbsp;</P>
<P style="margin:0px; font-size:16px" align=center>&nbsp;</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-size:16px" align=right>&nbsp;</P>
<P style="margin:0px" align=right><BR>
<BR></P>
<P style="margin:0px; font-size:16px; page-break-before:always">&nbsp;</P>
<P style="margin:0px">ITEM 2.01 COMPLETION OF ACQUISITION OF DISPOSITION OF ASSETS</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">On November 13, 2006 the Company closed the Software License Agreement that was entered into on October 20, 2006 between its wholly owned subsidiary Bo Hai Wen Technology (Shenzhen) Company Limited (&#147;Bo Hai Wen&#148;) and Shenzhen iASPEC Software Engineering Company Limited (&#147;iASPEC&#148;) and iASPEC&#146;s shareholders. According to the terms of the Software License Agreement, iASPEC has transferred to Bo Hai Wen the right to use certain software owned by iASPEC for a term of thirty years in exchange for total consideration of $9,801,254, paid in shares of the Company&#146;s common stock at a price of $0.58 per share, which equates to 16,898,714 shares of the Company&#146;s common stock issued to iASPEC&#146;s shareholders. &nbsp;All due diligence has been completed and the Software License Agreement has closed. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The Software License Agreement is incorporated by reference and attached hereto as Exhibit 2.1.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:16px">&nbsp;</P>
<P style="margin:0px; font-size:16px" align=center>&nbsp;</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-size:16px" align=right>&nbsp;</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><B>SIGNATURES</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.</P>
<P style="margin:0px; font-size:16px">&nbsp;</P>
<P style="margin:0px; font-size:16px">&nbsp;</P>
<TABLE style="font-size:13.333px" cellspacing=0 align=center><TR><TD width=275.267></TD><TD width=31.133></TD><TD width=269.6></TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=top width=275.267><P style="margin:0px; font-size:16px">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=top width=31.133><P style="margin:0px; font-size:16px">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=top width=269.6><P style="margin:0px; font-size:16px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=top width=275.267><P style="margin:0px; font-size:16px">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=top width=300.733 colspan=2><P style="line-height:18.667px; margin:0px; font-size:16px">Irish Mag, Inc.</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=top width=275.267><P style="margin:0px; font-size:16px">&nbsp;<BR>
&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=top width=31.133><P style="margin:0px; font-size:16px">&nbsp;<BR>
&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=top width=269.6><P style="margin:0px; font-size:16px">&nbsp;<BR>
&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=top width=275.267><P style="line-height:18.667px; margin:0px; font-size:16px">Dated:&nbsp;November 13, 2006</P>
</TD><TD style="background-color:#FFFFFF" valign=top width=31.133><P style="line-height:18.667px; margin:0px; font-size:16px">By:&nbsp;&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=top width=269.6><P style="line-height:18.667px; margin:0px; font-size:16px">/s/&nbsp;Michael Woo</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=top width=306.4 colspan=2><P style="margin:0px; font-size:10px">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=top width=269.6><P style="margin:0px"><BR></P>
<P style="margin:0px">Michael Woo</P>
<P style="margin:0px">Director</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=top width=306.4 colspan=2><P style="margin:0px; font-size:16px">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=top width=269.6><P style="margin:0px; font-size:16px">&nbsp;</P>
</TD></TR>
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{"company-data": {"conformed-name": "Irish Mag, Inc.", "cik": "0001350684", "assigned-sic": "2750", "irs-number": "591944687"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-132119", "film-number": "061213686"}, "business-address": {"street1": "646 FIRST AVENUE NORTH", "city": "ST. PETERSBURG", "state": "FL", "zip": "33701", "phone": "(866) 821-9004"}, "mail-address": {"street1": "646 FIRST AVENUE NORTH", "city": "ST. PETERSBURG", "state": "FL", "zip": "33701"}}
Converted by EDGARwiz
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 (Date of earliest event reported): November 13, 2006
IRISH MAG, INC.
--------------------------------------------------------------------------------
(Exact Name of Registrant as Specified in Charter)
Florida
333-132119
59-1944687
(State or Other Jurisdiction
of Incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
646 First Avenue South
St. Petersburg, Florida
33701
--------------------------------------------------
(Address of Principal Executive Offices)
Registrant's telephone number, including area code: (866) 821-9004
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):
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
ITEM 2.01 COMPLETION OF ACQUISITION OF DISPOSITION OF ASSETS
On November 13, 2006 the Company closed the Software License Agreement that was entered into on October 20, 2006 between its wholly owned subsidiary Bo Hai Wen Technology (Shenzhen) Company Limited ("Bo Hai Wen") and Shenzhen iASPEC Software Engineering Company Limited ("iASPEC") and iASPEC's shareholders. According to the terms of the Software License Agreement, iASPEC has transferred to Bo Hai Wen the right to use certain software owned by iASPEC for a term of thirty years in exchange for total consideration of $9,801,254, paid in shares of the Company's common stock at a price of $0.58 per share, which equates to 16,898,714 shares of the Company's common stock issued to iASPEC's shareholders.  All due diligence has been completed and the Software License Agreement has closed.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
The Software License Agreement is incorporated by reference and attached hereto as Exhibit 2.1.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
Irish Mag, Inc.
Dated: November 13, 2006
By:
/s/ Michael Woo
Michael Woo
Director