SECURITIES AND EXCHANGE COMMISSION Washington, DC 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: September 12, 2000 Enter Tech Corporation ---------------------------------------------------------------------- Exact name of registrant as specified in its charter Nevada 0-21241 84-1349553 ---------------------------- ---------------- ------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 430 East 6th Street, Loveland, Colorado 80537 --------------------------------------- ---------- (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, including area code: (970) 669-4918 ITEM 5. OTHER EVENTS On April 19, 2000, Enter Tech Corporation ("Enter Tech") acquired 80% of the outstanding shares of common stock of WavePower, Inc., a development stage company, in exchange for the issuance of 5,000,000 restricted shares of Enter Tech common stock under an "Acquisition Agreement". In addition, Enter Tech agreed to reserve 3,000,000 shares of its 5,000,000 authorized shares of preferred stock for issuance in further payment on the acquisition to the former sole shareholder of WavePower. These shares were to be issued upon exercise of an option to be granted to the shareholder. On September 12, 2000 Enter Tech notified management of WavePower and its former sole shareholder of the formal rescission of the Acquisition Agreement dated April 19, 2000, citing several material misrepresentations as to the intellectual property owned by WavePower, the status of the development of WavePower products and services, the ability of WavePower to bring its products and services to market and the overall originality and viability of the WavePower concept. The letter also served as a demand for return of all stock issued and funds paid by Enter Tech pursuant to that agreement. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (a) None (b) None (c) Exhibits Description Exhibit No. ----------- ----------- Press Release Enter Tech Corporation 99.1 September 26, 2000 Letter Rescinding WavePower Acquisition 99.2 September 12, 2000 2 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. ENTER TECH CORP. Dated: October 2, 2000 By: /s/ Sam Lindsey ----------------------------------------- Sam Lindsey, Chairman and Chief Financial Officer

2M SYSTEMS, INC. ---------------- (A Development Stage Company) STATEMENT OF CHANGES IN STOCKHOLDERS' (DEFICIT) For the period from February 22, 1999 (date of inception) through December 31, 1999 Additional Preferred Stock Common Stock Paid-in Accumulated No./Shares Amount No./Shares Amount Capital (Deficit) Total ---------- ------ ---------- ------- ---------- ----------- --------- Balance at February 22, 1999 - $ - - $ - $ - $ - $ - Common stock issued for cash, at inception, at $.001 per share - - 5,000,000 500 - - 500 Additional paid-in capital - - - - 154,743 - 154,743 Net loss for the period ended December 31, 1999 - - - - - (158,874) (158,874) ------ ------ --------- ---- --------- --------- --------- Balance at December 31, 1999 - $ - 5,000,000 $500 $ 154,743 $(158,874) $ (3,631) ====== ====== ========= ==== ========= ========== ========= The accompanying notes are an integral part of the financial statements.

WAVEPOWER, INC. --------------- (A Development Stage Company) STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY For the period from June 1, 1999 (date of inception) through December 31, 1999 Additional Preferred Stock Common Stock Paid-in Accumulated No./Shares Amount No./Shares Amount Capital (Deficit) Total ---------- ------ ---------- ------- ---------- ----------- --------- Balance at June 1, 1999 - $ - - $ - $ - $ - $ - Common stock issued for cash, at inception, at $.001 per share - - 5,000,000 5,000 - - 5,000 Additional paid-in capital - - - - 91,341 - 91,341 Net loss for the period ended December 31, 1999 - - - - - (58,973) (58,973) ------ ------ --------- ------ - ------- -------- -------- Balance at December 31, 1999 - $ - 5,000,000 $5,000 $91,341 $(58,973) $ 37,368 ====== ====== ========= ====== ======= ======== ======== The accompanying notes are an integral part of the financial statements.

WAVEPOWER, INC. --------------- (A Development Stage Company) STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY For the period from June 1, 1999 (date of inception) through March 31, 2000 (Unaudited) Additional Preferred Stock Common Stock Paid-in Accumulated No./Shares Amount No./Shares Amount Capital (Deficit) Total ---------- ------ ---------- ------- ---------- ----------- -------- Balance at June 1, 1999 - $ - - $ - $ - $ - $ - Common stock issued for cash, at inception, at $.001 per share - - 5,000,000 5,000 - - 5,000 Additional paid-in capital - - - - 91,341 - 91,341 Net loss for the period ended December 31, 1999 - - - - - (58,973) (58,973) ------ ------ --------- ------- --------- -------- -------- Balance at December 31, 1999 - - 5,000,000 5,000 91,341 (58,973) 37,368 Additional paid-in capital - - - - 4,582 - 91,341 Net loss for the three months ended March 31, 2000 (Unaudited) - - - - - (19,853) (19,853) ------ ------ --------- ------ -------- -------- -------- Balance at March 31, 2000 (Unaudited) - $ - 5,000,000 $5,000 $95,923 $(78,826) $ 22,097 ====== ====== ========= ====== ======= ======== ======== The accompanying notes are an integral part of the financial statements.

WAVEPOWER, INC. (WP) -------------------- ENTER TECH CORP. AND CONSOLIDATED SUBSIDIARY (ETC) PRO FORMA BALANCE SHEET (Unaudited) WP ETC March 31, March 31, 2000 2000 Adjustments Combined ---------------- ----------------- ---------------- ----------------- ASSETS Current Assets: Cash 8,077 42,011 - 50,088 Other $ 1,200 $ - $ - $ 1,200 ---------------- ----------------- ---------------- ---------------- Total Current Assets 9,277 42,011 - 51,288 Receivable, WavePower - 23,515 (23,515) - Property and equipment, net of accumulated depreciation 44,745 6,963 - 51,708 ---------------- ----------------- ---------------- ---------------- Total Assets $ 54,022 $ 72,489 $ (23,515) $ 102,996 ================ ================= ================ ================ LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) Current Liabilities: Accounts payable and accrued expenses $ 8,410 $ 52,171 $ - $ 60,581 Stock compensation payable - 23,700 - 23,700 Customer deposits - 60,000 - 60,000 Related party payables 23,515 357,794 (23,515) 357,794 Notes payable, other - 115,806 - 115,806 ---------------- ----------------- ---------------- ---------------- Total Current Liabilities 31,925 609,471 (23,515) 617,881 Minority interest in consolidated subsidiary - - 4,319 4,319 Total Liabilities 31,925 609,471 (19,196) 622,200 Stockholders' Equity (Deficit) Common stock 5,000 778 (1) (5,000) (2) 500 1,278 Additional paid-in capital 95,923 1,470,099 (1) (95,923) (2) 17,278 1,487,377 Accumulated (deficit) (78,826) (2,007,859) (1) 78,826 (2,007,859) ---------------- ----------------- ---------------- ---------------- Total Stockholders' Equity (Deficit) 22,097 (536,982) (4,319) (519,204) ---------------- ----------------- ---------------- ---------------- Total Liabilities and Stockholders' Equity (Deficit) $ 54,022 $ 72,489 $ (23,515) $ 102,996 ================ ================= ================ ================ The accompanying notes are an integral part of the proforma financial statements.

WAVEPOWER, INC. (WP) ENTER TECH CORP. AND CONSOLIDATED SUBSIDIARY (ETC) PRO FORMA STATEMENTS OF OPERATIONS (Unaudited) WP ETC Three Months Three Months Ended March Ended March Pro Forma Pro Forma 31, 2000 31, 2000 Adjustments Combined --------------- -------------- --------------- --------------- Revenue $ - $ - $ - $ - --------------- -------------- --------------- --------------- Operating Expenses 19,853 96,342 - 116,195 --------------- -------------- --------------- --------------- Net (Loss) $ (19,853) $ (96,342) $ - $ (116,195) =============== ============== =============== =============== Net (Loss) per Common Share $ (.01) =============== Weighted Average Number of Common Shares Outstanding 12,783,000 =============== The accompanying notes are an integral part of the proforma financial statements.

WAVEPOWER, INC. (WP) ENTER TECH CORP. AND CONSOLIDATED SUBSIDIARY (ETC) 2M SYSTEMS, INC. (2M) PRO FORMA STATEMENTS OF OPERATIONS (Unaudited) WP ETC 2M Year Ended Year Ended Year Ended December December December Pro Forma Pro Forma 31, 1999 31, 1999 31,1999 Adjustments Combined --------------- -------------- --------------- --------------- --------------- Revenue $ - $ - $ - $ - $ - --------------- -------------- --------------- -------------- --------------- Operating Expenses 58,973 1,557,665 158,874 - 1,775,512 --------------- -------------- --------------- -------------- --------------- Net (Loss) $ (58,973) $ (1,557,665) $ (158,874) $ - $ (1,775,512) =============== ============== =============== ============== =============== Net (Loss) per Common Share $ (.14) =============== Weighted Average Number of Common Shares Outstanding 12,783,000 =============== The accompanying notes are an integral part of the proforma financial statements.

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