Hydrogen Hybrid Technologies, Inc. – ‘8-K’ for 12/21/05

On:  Thursday, 12/22/05, at 11:38am ET   ·   For:  12/21/05   ·   Accession #:  1163002-5-8   ·   File #:  333-76242

in

this entire Filing. an “Entity” Search.

Show

Documents searched

and

each “hit”. the 1st “hit”.

↓↑Hints

Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                         4     15K 

Document Table of Contents

8-K
1st Page of 4
TOC
↑Top
Previous
Next
↓Bottom
Just 1st
 
UNITED STATES 
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): December 21, 2005 

Pinoak, Inc.
------------------------------------------------------
(Exact name of registrant as specified in its charter)

    Nevada                   333-76242                86-0983750
----------------------------     ------------           ------------------  
(State or other jurisdiction     (Commission              (IRS Employer     
   of incorporation)            File Number)           Identification No.)

10801 E. Grove Street, Mesa, AZ                 85208     
-----------------------------------------       --------------    
(Address of principal executive offices)          (zip code)      

Issuers telephone number:  (480) 984-8446                       
    --------------

Not applicable  
--------------------------------------------------------------
(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))                                    

=============================================================================== 

8-K
2nd Page of 4
TOC
1st
Previous
Next
↓Bottom
Just 2nd
Item 8.01.  Other Events.                                                       

Overview                                                                        
--------                                                                        

Pinoak, Inc. ("the Registrant") has entered into an agreement to merge with     
Global H2O Resources Inc., ("Global") a British Columbia Company, located       
in British Columbia, Canada.  Global has agreements in place with two           
Alaskan sources to purchase and ship fresh water in bulk quantities.            

Company History                                                                 
---------------                                                                 

Global was incorporated as Global Water Corporation, in the Province of British 
Columbia, on August 30, 1994.  Certificate of Incorporation No. 479246.  On     
July 17, 2000, Global Water Corporation changed its corporate name to Global    
H2O Resources Inc.  The Directors of Global have entered into an agreement with 
Pinoak, Inc., to purchase all of the shares of the Registrant from its sole     
shareholder.  As a fully reporting Company, Global would be responsible in      
sharing its financial information to its 300 shareholders and apply for listing 
on the OTC Bulletin Board.  It is the intent of Global/Pinoak to complete a     
name change to Global American, Inc.  With the approval of the Global           
shareholders, Global will institute a reverse split of its shares on a twenty   
to one basis (20:1) resulting in a reverse stock split of approximately ten (10)
million issued and outstanding common shares.                                   

Business Plan                                                                   
-------------                                                                   

Global's management has developed and is implementing a four-phase strategy to  
implement its business plan:                                                    

o  Phase One - The company secured long-term water purchase contracts for large 
supplies of Glacier-fed water.                                            

a)  This includes the rights from a Glacier fed into Blue Lake, in Sitka, 
     Alaska to over 6 billion liters annually for up to the year 2018.  Blue
   Lake is a remote lake with no development, ranching or farming on its
       shores or in the watershed. The lake is fed by mountain spring, snowmelt,
rain (95" per year) and glacier-melt.                             

b)  Global has signed a long-term water purchase contract with the Aleut  
     Enterprise Corporation, located on Adak Island in the Aleutian Islands.
    The agreement allows Global H20 will have the right to extract up to 7
   billion liters annually, for 30 years.  Global has applied for a bulk
Water Export Appropriation Certificate.                           

o  Phase Two - Completion of a bulk-water test shipment, from Sitka to a        
foreign port. This phase saw the movement of 500,000 liters of water in a 
food-grade vessel from Sitka, Alaska, to Vancouver, B.C.  This provided   
samples and proof of concept.  The shipment was bottled under the label   
called "Blue Alaska(R)" and is currently being sold to distributors in    
Great Britain.                                                            

2     

8-K
3rd Page of 4
TOC
1st
Previous
Next
↓Bottom
Just 3rd
o  Phase Three - Co-packaging of our "Blue Alaska(R)" label by an existing      
state of the art bottling plant in Sitka, AK.  Finished product is then   
transported in 40 & 20-foot sea containers by barge to Seattle, WA        
connecting with international ships.  The "Blue Alaska(R)" product is     
packaged in a newly designed bottle with a new label that can potentially 
help "Blue Alaska(R)" build brand awareness.                              

o  Phase Four - is to complete Global's first contract for bulk water by a      
food grade tanker.  Global is currently in negotiations to ship bulk water
from Sitka, AK to China.                                                  

Management                                                                      
----------                                                                      

The agreement provides for the appointment of Mr. A. Fred Paley as an officer   
and director of the Registrant.  Upon close of the Agreement, Mr. Rick Jesky    
will resign as the sole officer/director of the Registrant.                     

Biographical information                                                        
-----------------------                                                         

Mr. A. Fred Paley, Global Chairman, and CEO.                                    

1994 - Present,  Mr. Paley founded Global H2O Resources Inc., and has acted     
as Chairman & CEO of Global to the present time.                                

1991 - 1995, he was founding chairman and CEO of Snowcap Waters Limited, this   
company was responsible for harvesting, delivery, packaging and marketing of    
bottled glacial water.  Mr. Paley was responsible for the startup of the        
Company.                                                                        

1985 - 1991, he was president of Polar Consulting Services, he acted as a       
financial and marketing consultant to both Bourassa Canadian Water Corporation  
and Pacific Rim Water Resources Ltd.                                            

Next Steps                                                                      
----------                                                                      

This agreement to merger with Global is contingent upon completion of audited   
financials conducted in accordance with the generally accepted accounting       
principles ("GAAP") of the United States.                                       

The Registrant is subject to reporting requirements under the Exchange Act and  
will, therefore, be required to furnish audited financial statements for any    
acquisition as required by Rule 3-05(b) of Regulation S-X.                      

3     

8-K
Last Page of 4
TOC
1st
Previous
Next
↓Bottom
Just 4th
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.                                           

December 21, 2005                      PINOAK, INC.                             
-----------------                                                               

                 By:  /s/ Rick Jesky
                   -----------------------
                          Rick Jesky
                             President/CEO

4     

Dates Referenced Herein

				Referenced-On Page
This ‘8-K’ Filing		Date		First		Last			Other Filings
Filed on:		12/22/05							None on these Dates
For Period End:		12/21/05		1		4
		7/17/00		2
		8/30/94		2
									List all Filings