Along Mobile Technologies Inc – ‘8-K’ for 2/14/01

On:  Wednesday, 2/14/01, at 7:51pm ET   ·   As of:  2/15/01   ·   For:  2/14/01   ·   Accession #:  725752-1-500006   ·   File #:  0-12423

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Shareholder Dispute and Officer Resignations           3±    16K 

Document Table of Contents

FORM 8 - K                                                                      

CURRENT REPORT                                                                  

FISCAL YEAR ENDING AUGUST 31, 2000                                              

ALLIED ARTISTS ENTERTAINMENT GROUP INC.                                         
(Exact name of Registrant as specified in its charter)                          

Nevada                          0 - 212423                94 2906927            
(State of Incorporation) (Commission File Number) (U.S. Employer ID Number)     

1801 Avenue of the Stars, Suite 600, Los Angeles, CA    90067                   
(Address of principal executive offices)              (Zip Code)                

Registrant's Telephone Number, including Area Code:    (310) 589-0466           

ITEM 1: Changes in Control of  Registrant:                                      

N/A                                                                             

ITEM 2: Acquisition or Disposition of Assets:                                   

The Company cancelled its acquisition of Eye Candy Post as stated in its        
most recent 10K.                                                                

ITEM 3: Legal Proceedings - Bankruptcy or Receivership:                         

There are no legal, bankruptcy and/or receivership proceedings.  However,       
the Company is in the process of reviewing it's legal options in a dispute      
with the previous owners of the former Allied Entertainment Group, Inc. (AEG)   

ITEM 4: Changes in Registrant's Certifying Accountant:                          

  The accounting firm representing the Company shall continue to be:

Andrew M. Smith, CPA                                            
3711 Long Beach Blvd., Suite 809                                
Long Beach, Ca., 90807                                          

ITEM 5: Other Events:                                                           

The Company filed an Amendment to its Articles of Incorporation with the        
Secretary of State of Nevada changing the Company's name from "Merit            
Diversified International, Inc." to "Allied Artists Entertainment Group         
Inc."  As a result of the name change the NASD changed the symbol from GRTT     
to ALAE.                                                                        

The Company cancelled its acquisition of Eye Candy Post as stated in its        
most recent 10K.                                                                

The Company reported in its most recent 10K and prior 8k that the historical    
purchase cost of Allied Entertainment Group was in the form of 500,000 shares   
of the Company's common stock and $150,000 cash together with a commitment to   
pay an additional $350,000. The actual terms of the agreement was 500,000       
shares of stock of the predecessor company Merit Diversified International,Inc. 
and a line of credit to the newly acquired subsidiary (AEG) of up to $600,000   
in exchange for all outstanding shares of AEG.  The portion of the line of      
credit as stipulated in the agreement has been funded by the Company.  The      
former owners of AEG are attempting to unilaterally terminate the agreement.    
However, the company believes it has fulfilled the terms of the agreement,      
and are disputing the attempted termination. As mentioned above legal options   
are currently under review. In an attempt to reverse the sale of Allied         
Entertainment Group to the Company, the prior owner(s) has been able to         
cause to be posted at alliedartists.net, the following:                         

"As of December 11, 2000, the Allied Entertainment Group, Inc., its divisions,  
subsidiaries, and affiliates ('Allied') as well as any and all trademarks,      
trade names, and service marks owned thereby, are no longer associated with     
the Nevada corporation formerly known as 'Merit Diversified International,      
Inc.' Said corporation is not authorized to hold itself out as being            
associated with Allied, or to use Allied's trade name, trademark, or service    
mark 'Allied Artists'."                                                         

The Company is in the process of investigating the source of this false message 
and will take the appropriate legal action.                                     

ITEM 6: Registrant's Directors and Officers:                                    

The corporate secretary, Georgetta Rainey and president Curtis Shaw resigned.   
Director, James Watkins is the newly appointed corporate secretary.  The        
Company is in the process of appointing a new president.                        

ITEM 7: Market for the Registrant's Common Equity and Related Shareholder       
Matter:                                                                         

The quotes below are from the OTC Bulletin Board.  These numbers represent an   
average.  The Company's stock was thinly traded in fiscal year ended.           
           High                    Low

BID             $3.00                   $.0625  
ASK             $3.50                   $.25    

Note                                                                            

1) As of August 31, 2000, the Company had approximately 1560 shareholders of    
record.                                                                   

2) The Company has not declared any cash dividends on its common stock.         

BUSINESS                                                        

The Company has entered the entertainment businesses through the acquisition    
of AEG (see www.alliedartists.net). The television division has signed a        
production and distribution deal with Apple Juice Productions, which has        
just completed a pilot for Kings Pawn, a comedy series. Several other series    
are currently in production, and will be announced at a later time.             

Financial Statements and Supplementary Data:                                    

The Company filed its audited financial statements for the year ending August   
31, 2000 with the Securities and Exchange Commission.                           

SIGNATURES:     

Pursuant to the requirements of Section 13 or 15(d), 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.                            

ALLIED ARTISTS ENTERTAINMENT GROUP, INC.                                        

_____________________________________L/S                                        
James Watkins, Corporate Secretary                                              
Dated February 13, 2001                                         

1                                                                               

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing		Date		Other Filings
Filed as of:		2/15/01
Filed on / For Period End:		2/14/01
		2/13/01		10-Q/A
		12/11/00
		8/31/00		10-K,  8-K
				List all Filings