<PAGE>

                       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 Report (Date of earliest event reported): October 9, 2001



                             ONSPAN NETWORKING, INC.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)



    Nevada                         00022991                    87-0460247
---------------                  ------------             ----------------------
(State or other                  (Commission                 (IRS Employer
jurisdiction of                  File Number)             Identification Number)



              6413 Congress Avenue, Suite 230, Boca Raton, FL 33487
          ------------------------------------------------------------
          (Address of principal executive offices, including zip code)



Registrant's telephone number, including area code: (561) 988-2334
                                                    --------------



          -------------------------------------------------------------
          (Former name or former address, if changed since last report)


                                       1

<PAGE>

Item 5.  Other Events and Regulation FD Disclosure.

         On October 9, 2001, OnSpan  Networking,  Inc. (the "Company"),  filed a
Certificate  pursuant  to Section  78.207 of the  Nevada  Statutes  whereby  the
Company  decreasing the number of issued and outstanding shares of common stock,
par  value  $.001,  at a rate  of one for  twelve  (1:12),  and  proportionately
decreasing the number of authorized  shares of common stock at a rate of one for
twelve  (1:12).  As a result,  the  Company's  authorized  common stock has been
reduced from 100,000,000  shares to 8,333,333  shares,  and the number of issued
and  outstanding   shares  of  common  stock  was  reduced  from  11,574,619  to
approximately 964,552 shares.

Item 7.  Financial Statements and Exhibits.

         Exhibits.

         3(i)     Form of Certificate of the Company filed pursuant to
                  Section 78.207.


                                   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.


                                             ONSPAN NETWORKING, INC.


                                             By:  /s/ Herbert Tabin
                                                  -------------------------
                                                  Herbert Tabin, President


DATED:  October 15, 2001

                                        2
[{"type": "8-K", "sequence": "1", "filename": "oct16-2001_8k.txt", "secsgml_size_bytes": 3033}]
{"company-data": {"conformed-name": "ONSPAN NETWORKING INC", "cik": "0000842722", "assigned-sic": "6770", "irs-number": "870460247", "state-of-incorporation": "NV", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-22991", "film-number": "1760252"}, "business-address": {"street1": "6413 CONGRESS AVE", "street2": "SUITE 230", "city": "BOCA RATON", "state": "FL", "zip": "33487", "phone": "6024648900"}, "mail-address": {"street1": "6413 CONGRESS AVE", "street2": "SUITE 230", "city": "BOCA RATON", "state": "FL", "zip": "33487"}, "former-company": [{"former-conformed-name": "AQUA AUSTRALIS INC", "date-changed": "19940322"}, {"former-conformed-name": "FUTURE TECH INC", "date-changed": "19911015"}, {"former-conformed-name": "NETWORK SYSTEMS INTERNATIONAL INC", "date-changed": "19960516"}]}
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 Report (Date of earliest event reported): October 9, 2001

                             ONSPAN NETWORKING, INC.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)

    Nevada                         00022991                    87-0460247
---------------                  ------------             ----------------------
(State or other                  (Commission                 (IRS Employer
jurisdiction of                  File Number)             Identification Number)

              6413 Congress Avenue, Suite 230, Boca Raton, FL 33487
          ------------------------------------------------------------
          (Address of principal executive offices, including zip code)

Registrant's telephone number, including area code: (561) 988-2334
                                                    --------------

          -------------------------------------------------------------
          (Former name or former address, if changed since last report)

                                       1
Item 5.  Other Events and Regulation FD Disclosure.

         On October 9, 2001, OnSpan  Networking,  Inc. (the "Company"),  filed a
Certificate  pursuant  to Section  78.207 of the  Nevada  Statutes  whereby  the
Company  decreasing the number of issued and outstanding shares of common stock,
par  value  $.001,  at a rate  of one for  twelve  (1:12),  and  proportionately
decreasing the number of authorized  shares of common stock at a rate of one for
twelve  (1:12).  As a result,  the  Company's  authorized  common stock has been
reduced from 100,000,000  shares to 8,333,333  shares,  and the number of issued
and  outstanding   shares  of  common  stock  was  reduced  from  11,574,619  to
approximately 964,552 shares.

Item 7.  Financial Statements and Exhibits.

         Exhibits.

         3(i)     Form of Certificate of the Company filed pursuant to
                  Section 78.207.

                                   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.

                                             ONSPAN NETWORKING, INC.

                                             By:  /s/ Herbert Tabin
                                                  -------------------------
                                                  Herbert Tabin, President

DATED:  October 15, 2001

                                        2