Attached files
| file | filename |
|---|---|
| EX-99.1 - PRESS RELEASE DATED JULY 7, 2016 - 5BARz International, Inc. | exhibit_99-1.htm |
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): July 7, 2016
5BARz INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
| Nevada | 000-53778 | 26-4343002 |
| (State or other jurisdiction of | (Commission File Number) | (IRS Employer Identification No.) |
| incorporation) |
9670 Gateway Drive, Suite 250
Reno, Nevada, 89521
| (Address of principal executive offices) |
(877) 723-7255
Registrant’s telephone number, including area code
(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:
| [ ] | 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)) |
Section 8 – Other Events
Item 8.01 Other Events
Sales Guidance, 5BARz India Private Limited
5BARz International Inc., through its subsidiary 5BARz India Private Limited, continues to make significant inroads into the Indian market as it commercializes its network extender business in that country.
5barz India expects to have sales revenue of approximately $2 million during Q3 and Q4 2016 combined. The Company expects the sales momentum for the network extender in India to continue through the 2017 calendar year. With the adoption rate of the 5BARz network extender steadily increasing in India, and the planned on-boarding of additional, tier-one telecommunications providers in that country, 5BARz India forecasts revenues of approximately $10 million in 2017.
On July 7, 2016 the Company issued a press release disclosing the sales guidance. A copy of the press release is attached hereto as Exhibit 99.1
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.
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5BARz INTERNATIONAL, INC. (Registrant) |
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| Date: July 7, 2016 | By: | /s/ Daniel Bland | |
| Name: Daniel Bland | |||
| Title: Chief Executive Officer | |||
| /s/ Gil Amelio | |||
| Name: Gil Amelio | |||
| Title: Chairman of the Board | |||