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<TITLE>8-K 1 v055239_8-k</TITLE>
<META NAME="author" CONTENT="Callie Tempest Jones">
<META NAME="date" CONTENT="11/10/2006">
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<DIV style="width:576px"><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 9, 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><BR></P>
<P style="margin:0px" align=center><B>(Exact Name of Registrant as Specified in Charter)</B></P>
<P style="margin:0px"><BR></P>
<TABLE style="font-size:13.333px" cellspacing=0><TR><TD width=183.867></TD><TD width=12.2></TD><TD width=183.867></TD><TD width=12.2></TD><TD width=183.867></TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=top width=183.867><P style="margin:0px" align=center><B>Florida</B></P>
</TD><TD style="border-bottom:1px solid #FFFFFF" width=12.2><P style="margin:0px; font-size:16px">&nbsp;</P>
</TD><TD style="border-bottom:1px solid #000000" valign=top width=183.867><P style="margin:0px" align=center><B>333-132119</B></P>
</TD><TD style="border-bottom:1px solid #FFFFFF" width=12.2><P style="margin:0px; font-size:16px">&nbsp;</P>
</TD><TD style="border-bottom:1px solid #000000" valign=top width=183.867><P style="margin:0px" align=center><B>59-1944687</B></P>
</TD></TR>
<TR><TD valign=top width=183.867><P style="margin:0px" align=center><B>(State or Other Jurisdiction</B></P>
</TD><TD width=12.2><P style="margin:0px; font-size:16px">&nbsp;</P>
</TD><TD valign=top width=183.867><P style="margin:0px" align=center><B>(Commission File Number)</B></P>
</TD><TD width=12.2><P style="margin:0px; font-size:16px">&nbsp;</P>
</TD><TD valign=top width=183.867><P style="margin:0px" align=center><B>(IRS Employer</B></P>
</TD></TR>
<TR><TD valign=top width=183.867><P style="margin:0px" align=center><B>of Incorporation)</B></P>
</TD><TD width=12.2><P style="margin:0px; font-size:16px">&nbsp;</P>
</TD><TD valign=top width=183.867><P style="margin:0px; font-size:16px">&nbsp;</P>
</TD><TD width=12.2><P style="margin:0px; font-size:16px">&nbsp;</P>
</TD><TD valign=top width=183.867><P style="margin:0px" align=center><B>Identification No.)</B></P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<TABLE style="font-size:13.333px" cellspacing=0><TR><TD width=576></TD></TR>
<TR><TD valign=top width=576><P style="margin:0px" align=center><B>646 First Avenue South</B></P>
</TD></TR>
<TR><TD valign=top width=576><P style="margin:0px" align=center><B>St. Petersburg, Florida</B>&nbsp;<B>33701</B></P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=center><BR></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">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; text-indent:-48px; font-family:Wingdings"><FONT FACE="Wingdings">o</FONT><FONT FACE="Times New Roman">&nbsp;</FONT>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; text-indent:-48px; font-family:Wingdings"><FONT FACE="Wingdings">o</FONT><FONT FACE="Times New Roman">&nbsp;</FONT>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; text-indent:-48px; font-family:Wingdings"><FONT FACE="Wingdings">o</FONT><FONT FACE="Times New Roman">&nbsp;</FONT>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; text-indent:-48px; font-family:Wingdings"><FONT FACE="Wingdings">o</FONT><FONT FACE="Times New Roman">&nbsp;</FONT>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">ITEM 2.01 COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">2.01&nbsp;On November 9, 2006 the Company closed the Stock Purchase Agreement that was entered into on October 16, 2006 between its wholly owned subsidiary Bo Hai Wen Technology (Shenzhen) Company Limited (&#147;Bo Hai Wen&#148;)and Lin Jiang Huai, the shareholder of Shenzhen iASPEC Software Engineering Company Limited (&#147;iASPEC&#148;). According to the terms of the Stock Purchase Agreement, iASPEC has transferred to Bo Hai Wen total consideration of RMB 41,286,172, (equivalent to US$ 5,160,771) to purchase 8,601,286 shares, representing a price of US$ 0.60 per share (the closing share price of the Company on October 16, 2006). The consideration has been paid in two parts: (a) a transfer of cash RMB 14,000,000 (equivalent to US$ 1,750,000) from iASPEC&#146;s account to Bo Hai Wen&#146;s Bank Account at closing; and (b) an assignment of all accounts receivable of iASPEC as of August 31, 2006, valued at RMB 27,286,172 (equivalent to US $ 3,410,771) to Bo Hai Wen. A change of control of the Company has occurred. </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 Stock Purchase Agreement is incorporated by reference and attached hereto as Exhibit 2.1.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><BR></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"><BR></P>
<P style="margin:0px">Dated: November 9, 2006</P>
<P style="margin:0px"><BR></P>
<TABLE style="font-size:13.333px" cellspacing=0><TR><TD width=288></TD><TD width=28.8></TD><TD width=259.2></TD></TR>
<TR><TD valign=top width=288><P style="margin:0px; font-size:16px">&nbsp;</P>
</TD><TD valign=bottom width=288 colspan=2><P style="margin:0px">Irish Mag, Inc.</P>
</TD></TR>
<TR><TD valign=top width=288><P style="margin:0px; font-size:16px">&nbsp;</P>
</TD><TD valign=top width=28.8><P style="margin:0px; font-size:16px">&nbsp;</P>
</TD><TD valign=top width=259.2><P style="margin:0px; font-size:16px">&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=288><P style="margin:0px; font-size:16px">&nbsp;</P>
</TD><TD valign=top width=28.8><P style="margin:0px; font-size:16px">&nbsp;</P>
</TD><TD valign=top width=259.2><P style="margin:0px; font-size:16px">&nbsp;</P>
</TD></TR>
<TR><TD style="border-bottom:4px solid #FFFFFF" valign=top width=288><P style="margin:0px; font-size:16px">&nbsp;</P>
</TD><TD style="border-bottom:4px solid #FFFFFF" valign=top width=28.8><P style="margin:0px">By: </P>
</TD><TD style="border-bottom:1px solid #000000" valign=top width=259.2><P style="margin:0px">/s/ Michael Woo</P>
</TD></TR>
<TR><TD valign=top width=288><P style="margin:0px; font-size:16px">&nbsp;</P>
</TD><TD valign=top width=28.8><P style="margin:0px; font-size:16px">&nbsp;</P>
</TD><TD valign=top width=259.2><P style="margin:0px">Michael Woo</P>
</TD></TR>
<TR><TD valign=top width=288><P style="margin:0px; font-size:16px">&nbsp;</P>
</TD><TD valign=top width=28.8><P style="margin:0px; font-size:16px">&nbsp;</P>
</TD><TD valign=top width=259.2><P style="margin:0px">Director</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
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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": "061206468"}, "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"}}
8-K 1 v055239_8-k
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 9, 2006
IRISH MAG, INC.
(Exact Name of Registrant as Specified in Charter)
Florida
333-132119
59-1944687
(State or Other Jurisdiction
(Commission File Number)
(IRS Employer
of Incorporation)
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 OR DISPOSITION OF ASSETS
2.01 On November 9, 2006 the Company closed the Stock Purchase Agreement that was entered into on October 16, 2006 between its wholly owned subsidiary Bo Hai Wen Technology (Shenzhen) Company Limited ("Bo Hai Wen")and Lin Jiang Huai, the shareholder of Shenzhen iASPEC Software Engineering Company Limited ("iASPEC"). According to the terms of the Stock Purchase Agreement, iASPEC has transferred to Bo Hai Wen total consideration of RMB 41,286,172, (equivalent to US$ 5,160,771) to purchase 8,601,286 shares, representing a price of US$ 0.60 per share (the closing share price of the Company on October 16, 2006). The consideration has been paid in two parts: (a) a transfer of cash RMB 14,000,000 (equivalent to US$ 1,750,000) from iASPEC's account to Bo Hai Wen's Bank Account at closing; and (b) an assignment of all accounts receivable of iASPEC as of August 31, 2006, valued at RMB 27,286,172 (equivalent to US $ 3,410,771) to Bo Hai Wen. A change of control of the Company has occurred.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
The Stock Purchase 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.
Dated: November 9, 2006
Irish Mag, Inc.
By:
/s/ Michael Woo
Michael Woo
Director