SCHEDULE 14C INFORMATION statement
Information Statement Pursuant to Section 14(c)
of the Securities Exchange Act of 1934 (Amendment No. )
Check the appropriate box:
|X| Preliminary Information Statement
|_| Confidential, for use of the Commission only
(as permitted by Rule 14c-5(d)(21))
|_| Definitive Information Statement
USA Telcom Internationale
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(Name of Registrant as Specified In Its Charter)
Payment of Filing Fee (Check the appropriate box):
|X| No fee required
|_| Fee computed on table below per Exchange Act Rules 14c-5(g) and 0-11.
1) Title of each class of securities to which transaction
applies:
2) Aggregate number of securities to which transaction applies:
3) Per unit price or other underlying value of transaction
computed pursuant to Exchange Act Rule 0-11 (Set forth the
amount on which the filing is calculated and state how it was
determined.):
______________________________________________________________
4) Proposed maximum aggregate value of transaction:
______________________________________________________________
5) Total Fee Paid:_______________________________________________
|_| Fee paid previously with preliminary materials.
|_| Check box if any part of the fee is offset as provided by Exchange Act Rule
0-11(a)(2) and identify the filing for which the offsetting fee was paid
previously. Identify the previous filing by registration statement number, or
the Form or Schedule and the date of its filing.
1) Amount Previously Paid:
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2) Form, Schedule or Registration Statement No.:
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3) Filing Party:
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4) Dated Filed:
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USA TELCOM INTERNATIONALE
1549 N. Leroy Street, Suite D-1000
Fenton, MI 48430
____________________
NOTICE OF STOCKHOLDER ACTION BY WRITTEN CONSENT
____________________
June __, 2004
A majority of the stockholders of USA Telcom Internationale, or USA
Telcom, have taken action by written consent to amend USA Telcom's articles of
incorporation to do the following:
1. Increase the number of shares of common stock that USA Telcom is
authorized to issue from 25,000,000 to 900,000,000;
2. Authorize 50,000,000 shares of undesignated preferred stock, par
value $0.001 per share; and
2. Change the name of the company to "ZannWell Inc."
Stockholders of record at the close of business on May 6, 2004 will be
entitled to notice of this stockholder action by written consent. Since the
actions have been approved by the holders of the required majority of the
outstanding shares of our voting stock, no proxies were or are being solicited.
We anticipate that the amendment will become effective on or after June __,
2004.
Robert C. Simpson
President and Chairman of the Board
WE ARE NOT ASKING YOU FOR A PROXY AND YOU
ARE REQUESTED NOT TO SEND US A PROXY.
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USA TELCOM INTERNATIONALE
____________________
INFORMATION STATEMENT
____________________
INFORMATION CONCERNING THE ACTION BY WRITTEN CONSENT
DATE AND PURPOSE OF WRITTEN CONSENT
Stockholders holding a majority of the voting power of the company have taken
action by written consent for the purpose of amending USA Telcom's articles of
incorporation to do the following:
1. Increase the number of shares of common stock that USA Telcom is
authorized to issue from 25,000,000 to 900,000,000;
2. Authorize 50,000,000 shares of undesignated preferred stock, par
value $0.001 per share, and
3. Change the name of the company to "ZannWell Inc."
STOCKHOLDERS ENTITLED TO VOTE
Approval of the matters actions described herein requires the written consent of
the holders of outstanding stock of each voting group entitled to vote on such
matters. As of May 6, 2004, there were 17,250,000 shares of our common stock
outstanding. Holders of our common stock are entitled to one vote per share.
Stockholders of record at the close of business on May 6, 2004, will be entitled
to receive this notice and information statement.
PROXIES
No proxies are being solicited.
CONSENTS REQUIRED
The actions taken require the consent of the holders of a majority of the shares
of common stock.
On May 6, 2004, holders of the voting rights with respect to 13,000,000 shares
of our common stock delivered written consents to us adopting the proposals set
forth herein.
INFORMATION STATEMENT COSTS
The cost of delivering this information statement, including the preparation,
assembly and mailing of the information statement, as well as the cost of
forwarding this material to the beneficial owners of our capital stock will be
borne by us. We may reimburse brokerage firms and others for expenses in
forwarding information statement materials to the beneficial owners of our
capital stock.
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COMMON STOCK OWNERSHIP OF CERTAIN
BENEFICIAL OWNERS AND MANAGEMENT
The following table sets forth certain information regarding the
beneficial ownership of our common stock as of May 6, 2004 by the following
persons:
o each person who is known to be the beneficial owner of more than
five percent (5%) of our issued and outstanding shares of common
stock;
o each of our directors and executive officers; and
o all of our directors and executive officers as a group.
NUMBER OF SHARES
NAME AND ADDRESS BENEFICIALLY OWNED PERCENTAGE OWNED
---------------- ------------------ ----------------
Robert C. Simpson (1) ....................... 13,000,000 75.4%
George Peterman (1).......................... -- --%
All directors and officers as a group........ 13,000,000 75.4%
(1) The address is 1549 N. Leroy Street, Suite D-1000, Fenton, MI 48430
Beneficial ownership is determined in accordance with the rules and
regulations of the SEC. The number of shares and the percentage beneficially
owned by each individual listed above include shares that are subject to options
held by that individual that are immediately exercisable or exercisable within
60 days from May 6, 2004, and the number of shares and the percentage
beneficially owned by all officers and directors as a group includes shares
subject to options held by all officers and directors as a group that are
immediately exercisable or exercisable within 60 days from May 6, 2004.
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PROPOSAL TO AMEND THE ARTICLES OF INCORPORATION TO INCREASE THE AUTHORIZED
NUMBER OF SHARES OF COMMON STOCK TO 900,000,000 SHARES AND TO AUHORIZE
50,000,000 SHARES OF UNDESIGNATED PREFERRED STOCK, PAR VALUE $0.001 PER SHARE
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INTRODUCTION
The holders of a majority of our voting stock have proposed to approve the
amendment to USA Telcom's articles of incorporation to increase the number of
shares of common stock that USA Telcom is authorized to issue from 25,000,000 to
900,000,000 and to authorize 50,000,000 shares of undesignated preferred stock,
par value $0.001 per share. The board of directors has unanimously approved the
proposal.
A copy of the articles of amendment to the articles of incorporation, which we
refer to as the "amendment" in this information statement, is attached to this
information statement as Appendix A.
The undesignated preferred stock may be issued from time to time in one or more
series. Under the amendment, the board of directors is authorized to fix the
number of shares of any series of preferred stock and to determine the
designation of any such series. The board of directors is also authorized to
determine or alter the rights, preferences, privileges, and restrictions granted
to or imposed upon any wholly unissued series of preferred stock and, within the
limits and restrictions stated in any resolution or resolutions of the board of
directors originally fixing the number of shares constituting any series, to
increase or decrease (but not below the number of shares of any such series then
outstanding) the number of shares of any such series after the issuance of
shares of that series.
USA Telcom's articles of incorporation currently authorize 25,000,000 shares of
common stock. Of the 25,000,000 shares of common stock authorized, as of May 6,
2004, 17,250,000 shares were outstanding.
On March 19, 2004, USA Telcom issued 13,000,000 shares of common stock to Robert
C. Simpson for a purchase price of $260,000.00. Dr. Simpson paid the purchase
price for these shares from personal funds for these shares. The 13,000,000
shares constitute approximately seventy-five percent (75%) of the issued and
outstanding shares of common stock of USA Telcom. Before this issuance, Mr.
Allen Jones was the controlling stockholder of USA Telcom. After this
acquisition, Dr. Simpson and George Peterman were appointed to the board of
directors of USA Telcom, and Dr. Simpson was named its President, Chief
Financial Officer, and Secretary.
The board of directors believes that the proposed increase in the number of
authorized shares of common stock and the authorization of the undesignated
preferred stock will benefit USA Telcom by improving its flexibility in
responding to future business needs and opportunities. The additional authorized
shares will be available for use for possible future acquisitions, financings,
stock dividends, and other proper corporate purposes.
Within the limits imposed by applicable law, described below, shares of common
stock could be issued in one or more transactions. Depending upon the nature and
terms thereof, such a transaction or transactions could make a takeover of USA
Telcom more difficult and, therefore, less likely. An issuance of additional
shares of common stock could have the effect of diluting the earnings per share
and book value per share of existing shares of common stock and diluting the
stock ownership of persons seeking to obtain control of USA Telcom.
The board of directors does not currently intend to propose any amendments to
USA Telcom's articles of incorporation which might be deemed to have the effect
of discouraging takeover attempts, although such amendments or other programs
may be considered by the board in the future if it believes the interests of the
stockholders would be protected thereby.
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Except for the increase of the number of authorized shares and the name change
discussed below, the proposed amendment would not change any of the provisions
of USA Telcom's articles of incorporation. All shares of common stock or
preferred stock, including the additional shares of common stock and preferred
stock that will be authorized when the proposed amendment becomes effective,
which are not issued and outstanding would be issuable at any time or from time
to time by action of the board of directors without further authorization from
stockholders, except to the extent that such further authorization is required
by the terms of any agreements or securities into which USA Telcom may hereafter
enter or issue or applicable law.
The additional shares of common stock which would be authorized by the proposed
amendment would have the same rights and privileges as and otherwise be
identical to the shares of common stock currently authorized and outstanding.
The proposed amendment would empower the board of directors to determine the
relative rights and limitations of series of preferred stock, including, among
other things, dividend rights, conversion prices, voting rights, redemption
prices and the preferences, if any, of such series over shares of common stock
as to dividends or distributions of assets of USA Telcom. It is possible that
the future issuance of preferred stock having dividend and liquidation
preferences could affect amounts that might otherwise be available to holders of
common stock as dividends or upon liquidation. Holders of USA Telcom's shares
have no preemptive rights and, as a result, existing stockholders would not have
any preferential right to purchase any of the additional shares of common stock
or undesignated preferred stock when issued.
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PROPOSAL TO AMEND THE ARTICLES OF INCORPORATION TO CHANGE THE
NAME TO ZANNWELL INC.
_________________________
The board of directors has declared it advisable and in the best interests of
the company and directed that there be submitted to the stockholders a proposed
amendment to Article I of the articles of incorporation to change its name from
USA Telcom Internationale to ZannWell Inc. The company's Board of Directors
feels that this name change is in the best interest of the company. In light of
the company's recent change in control and its subsequent decision to terminate
the Vietnamese commercial business and focus on opportunities within the United
States, the name "USA Telcom Internationale" no longer accurately reflects the
company's operations and interests.
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By Order of the Board of Directors
/s/ Robert C. Simpson
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Robert C. Simpson
President and Chairman of the Board
June __, 2004
Fenton, Michigan
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APPENDIX A
CERTIFICATE OF AMENDMENT TO ARTICLES OF INCORPORATION
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ATTACHMENT TO CERTIFICATE OF AMENDMENT TO ARTICLES OF
INCORPORATION OF USA TELCOM INTERNATIONALE
Article First of the Articles of Incorporation shall be amended to read in its
entirety as follows:
"First: Name of Corporation
The name of the corporation is ZANNWELL INC."
Article Fourth of the Articles of Incorporation shall be amended to read
in its entirety as follows:
"Fourth: Capital Stock
The total number of shares that may be issued by the corporation is Nine Hundred
Fifty Million (950,000,000) shares, of which Nine Hundred Million (900,000,000)
shares with a par value of $.001 per share, amounting in the aggregate to Nine
Hundred Thousand Dollars ($900,000) shall be designated "Common Stock," and of
which Fifty Million (50,000,000) shares with a par value of $.001 per share,
amounting in the aggregate to Fifty Thousand Dollars ($50,000) shall be
designated "Preferred Stock." The Preferred Stock may be issued from time to
time in one or more series. The board of directors is authorized to fix the
number of shares of any series of Preferred Stock, to determine the designation
of any such series and to determine or alter the rights, preferences,
privileges, qualifications, limitations and restrictions granted to or imposed
upon any wholly unissued series of Preferred Stock and, within the limits and
restrictions stated in any resolution or resolutions of the board of directors
originally fixing the number of shares constituting any series, to increase or
decrease (but not below the number of shares of such series then outstanding)
the number of shares of any such series subsequent to the issue of shares of
that series."
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