UNITIED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13(a) or 15(d) of the Securities Act of 1934

Date of Report (Date of earliest event reported): June 313, 2003

NetNation Communications, Inc.

(Exact name of registrant as specified in its charter)

Delaware	0-26881	33-0803438
(State or other	(Commission	(I.R.S. Employer
Jurisdiction	File Number)	Identification No.)
of incorporation)

1410 - 555 West Hastings Street
Vancouver, British Columbia, Canada	V6B 4N6

(Address of principal executive offices)	(Zip Code)

Registrant's telephone number, including area code: 604.688.8946

None

(Former name or former address, if changed since last report)

Item 5. Other Events and Regulation FD Disclosure.

~~NetNation Communications, Inc. has provided the NASDAQ Stock Market with notice of a proposed reverse stock split.~~ On June 213, 2003, ~~the board of directors of~~ NetNation ~~approved~~Communications, aInc. ~~proposed amendment to NetNation’s Certificate of Incorporation to effect a reverse split on a one for two and one-half~~ (1Nasdaq:~~2½)~~ ~~basis so that two and one-half (2½~~NNCI) ~~shares of~~ ~~old~~announced ~~common~~that ~~stock~~it ~~shall~~has beentered ~~converted~~ into an agreement and ~~reconstituted~~plan asof ~~one~~merger ~~(1)~~with ~~share~~Hostway ofCorporation, ~~new~~a ~~common~~private ~~stock.~~corporation, ~~The~~in ~~proposal~~which isHostway ~~subject~~seeks to ~~approval~~acquire byall ~~stockholders at~~of NetNation’s ~~next~~outstanding ~~Annual~~shares ~~Meeting~~for ofcash. ~~Stockholders,~~In ~~which~~return isfor ~~scheduled~~all tooutstanding ~~be held on June 12~~shares, ~~2003.~~ NetNation’s ~~anticipates~~shareholders ~~that~~will ~~the~~collectively ~~effective~~receive ~~date of the~~approximately ~~reverse~~$10 ~~stock~~million ~~split~~in ~~will~~cash, besubject ~~Friday,~~to ~~June~~adjustments ~~13,~~based ~~2003~~on ~~and~~NetNation’s ~~that~~cash ~~post-consolidation~~position ~~trading~~at ~~will commence on Monday,~~ June 1630, 2003. ~~NetNation~~The ~~announced~~transaction, ~~the~~which ~~proposed reverse~~requires ~~stock~~an ~~split~~independent infairness aopinion and ~~news~~the ~~release~~approval ~~dated~~of ~~June~~holders 3,of ~~2003,~~ a ~~copy~~majority of ~~which~~NetNation’s isoutstanding shares, ~~attached~~is asexpected anto ~~exhibit~~close ~~hereto,~~in ~~and~~September ~~the~~2003, ~~text~~subject ofto ~~which~~SEC ~~is incorporated herein by reference~~review.

On June 13, 2003, NetNation issued a news release announcing that it had entered into the merger agreement. A copy of the news release is attached hereto as Exhibit 99.1.

Item 7. Financial Statements and Exhibits.

	Exhibit No.	Description___________________	~~Description~~
	99.1	News Release dated June 13, 2003	~~News Release dated June 3, 2003~~

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	~~NETNATION COMMUNICATIONS, INC.~~	NETNATION COMMUNICATIONS, INC.
Date: June 3, 2002	By:	/s/ Joseph Kibur
Date:	_____June 16, 2002_____	By:	/s/ Joseph Kibur_____________________
		~~Joseph Kibur~~	Joseph Kibur
		~~Chief Executive Officer~~	Chief Executive Officer

Exhibit Index

	Exhibit No.	Description___________________	~~Description~~
	99.1	News Release dated June 13, 2003	~~News Release dated June 3, 2003~~

Exhibit 99.1

News Release

FOR RELEASE ~~TUESDAY~~FRIDAY, JUNE 313, 2003 @ 54:~~00pm~~00PM PDT

~~NetNation~~Hostway ~~Gives~~and ~~Notice~~NetNation ofannounce ~~Reverse~~merger ~~Stock~~plans ~~Split to NASDAQ~~

Vancouver, BC – June 313, 2003 – NetNation Communications, Inc. (~~NASDAQ~~Nasdaq: NNCI) announced today that it has ~~given~~entered ~~the NASDAQ~~into ~~Stock~~an ~~Market~~agreement ~~notice~~and ~~that~~plan ~~it intends to conduct a reverse stock split~~ of ~~its outstanding~~merger ~~shares~~with ofHostway ~~common stock. On June 2~~Corporation, ~~2003, NetNation’s board of directors recommended and approved~~ a ~~proposed~~private ~~amendment to NetNation’s~~corporation, ~~charter,~~in ~~subject~~which toHostway ~~approval~~seeks ~~by stockholders,~~ to ~~effect~~acquire aall ~~reverse stock split~~ of NetNation’s outstanding shares for ~~of common stock~~cash. ~~If,~~In onreturn orfor ~~before~~all ~~July 3,~~outstanding ~~2003~~shares, ~~the closing price of~~ NetNation’s ~~common stock has not met or exceeded~~shareholders ~~$1.00~~will ~~for~~collectively atreceive ~~least~~approximately ~~ten (~~$10) ~~consecutive~~million ~~trading~~in ~~days~~cash, ~~NetNation~~subject ~~will~~to ~~be subject~~adjustments tobased ~~de-listing~~on ~~from~~NetNation’s ~~the~~cash ~~NASDAQ~~position ~~SmallCap~~at ~~Market.~~June ~~NetNation~~30, ~~believes~~2003. ~~that~~The ~~the~~transaction, ~~reverse~~which ~~stock~~requires ~~split~~an ~~will~~independent ~~have~~fairness ~~the~~opinion ~~effect~~and ~~of increasing~~ the ~~per~~approval ~~share~~of ~~trading~~holders ~~price~~ of a majority of NetNation’s ~~common~~outstanding ~~stock~~shares, ~~which~~is ~~could~~expected ~~result~~to close in aSeptember ~~share price high enough~~2003, subject to ~~satisfy~~SEC ~~the NASDAQ minimum bid price listing requirement~~review.

~~Proxy statements regarding the proposed action were mailed to stockholders on or about May 23, 2003.~~ The ~~proposal~~deal ~~will~~comes beafter ~~voted on at~~ NetNation’s ~~2003~~ ~~Annual~~one ~~Meeting~~for oftwo ~~Stockholders,~~and toone-half (1:2.5) bereverse ~~held~~stock split on June 1213, 2003 ~~in Vancouver~~, ~~British~~ ~~Columbia.~~but Ifis ~~approved~~calculated byand ~~stockholders,~~based ~~the proposal would be effective~~on ~~upon filing~~ the ~~amended~~pre-consolidated ~~charter~~share ~~with~~price ~~the~~and ~~Delaware~~number ~~Secretary~~ of ~~State,~~outstanding asshares. ~~soon~~Under the asterms ~~practicable~~of ~~following~~ the ~~meeting.~~agreement, ~~Subject~~NetNation toshareholders ~~shareholder~~will ~~approval~~receive ~~and~~ the pre-consolidated ~~filing~~price of ~~the~~$0.66 ~~amendment~~per toshare, ~~the~~plus ~~Certificate~~or ofminus ~~Incorporation~~$0.01 ~~with~~per ~~the~~share ~~Delaware~~for each full $152,000 ~~Secretary~~change ofin ~~State,~~NetNation’s ~~the~~cash ~~effective~~from ~~date~~March of31, ~~the~~2003 ~~reverse~~to ~~stock~~June ~~split~~30, ~~will~~2003. beAn ~~Friday,~~increase ~~June~~in ~~13,~~cash ~~2003~~will ~~and~~correspond ~~post-consolidation~~to ~~trading~~an ~~will~~increase ~~commence~~in onshare ~~Monday~~price, ~~June~~while ~~16,~~a decrease in cash ~~2003.~~will ~~Until~~correspond ~~effectiveness,~~to ~~the~~a ~~number~~decrease ofin ~~outstanding~~share ~~shares~~price. ofHowever, ~~common~~at ~~stock of~~no ~~NetNation~~time will ~~remain~~the ~~unaffected~~share price bygo ~~the~~below ~~board~~$0.63 ofper ~~director’s action~~share.

NetNation’s shares begin trading on a post-consolidation basis on Monday, June 16, 2003. The pre-consolidation price of $0.66 per share translates into a post-consolidation price of $1.65 per share.

“NetNation is a solid web hosting company with a proven track record with clients worldwide,” said Lucas Roh, CEO of Hostway. “The combination of our two complementary organizations has the clear strategic benefits of increased scale and new growth opportunities. In addition, this decisive move represents another milestone in our global expansion strategy. NetNation’s Vancouver operation will serve as our sixth international Web Hosting Center.”

“We are very pleased to enter into this merger agreement with Hostway, an organization recognized for its commitment to customer service, and quality products and services,” said David Talmor, President and Chairman of NetNation. “The proposed merger provides Hostway and NetNation customers with truly global reach in six centers around the world, and the combined strengths of both companies will benefit our customers through service innovations and even better customer service.”

About NetNation Communications, Inc.

NetNation Communications, Inc. (http://www.netnation.com) is a pioneer in web hosting and domain name registration. With more than six years in operation, the Company has extended its products to offer enhanced-dedicated servers, co-location, shared hosting and managed services to clients worldwide. NetNation is recognized by industry evaluators for its excellent customer service and support, as reflected by its frequent top web host rankings worldwide. The Company was recently ranked the fourth fastest growing company in British Columbia by Business in Vancouver magazine, based on percentage revenue growth from 1997 to 2001.

~~This~~to ~~news~~clients ~~release~~worldwide. ~~contains~~NetNation ~~forward-looking~~is ~~statements~~recognized ~~within the~~by ~~meaning of the “safe harbor” provisions of the U.S. Private Securities~~industry ~~Litigation~~evaluators ~~Reform~~for ~~Act~~its ofexcellent ~~1995.~~customer ~~These~~service ~~statements are based on management's current expectations~~ and ~~beliefs~~support, ~~and~~as ~~are~~reflected ~~subject~~by ~~to a number of risks and uncertainties~~its ~~that~~frequent ~~could~~top ~~cause~~web ~~actual~~host ~~results~~rankings ~~to differ materially from those described in the forward-looking statements~~worldwide. ~~These~~The ~~risks~~Company ~~and~~was ~~uncertainties~~recently ~~include~~ranked the ~~following:~~ ~~(1)~~fourth ~~the~~fastest ~~reverse~~growing ~~stock~~company ~~split may not result~~ in aBritish ~~minimum~~Columbia ~~bid~~by ~~price~~Business ofin ~~NetNation’s~~Vancouver ~~common~~magazine, ~~stock~~based aton orpercentage ~~above~~revenue ~~the~~growth ~~$1.00~~from ~~minimum~~1997 ~~bid~~to ~~price~~2001. ~~required by Marketplace Rule 4310(c)(4) for the required ten~~

~~consecutive~~About ~~trading days or at all; (2) the NASDAQ listing~~ Hostway qualifications panel may not approve NetNation’s request for continued listing on the NASDAQ SmallCap Market; (3) NetNation must maintain compliance with all criteria for continued listing on the NASDAQ SmallCap Market; (4) technological changes or changes in the competitive environment adversely affecting the service-packages, market share, revenues or margins of the combined business; (5) changes in general economic, financial or business conditions adversely affecting the combined business or the markets in which it operates and adversely affecting future revenues; (6) availability of financial resources to carry out plans; and (7) authorization from third parties to carry out plans. The matters discussed in this news release also involved risks and uncertainties described from time to time in NetNation’s filings with the Securities and Exchange Commission, including the most recent Form 10-K filed on February 11, 2003 and Form 10-Q filed on May 13, 2003. NetNation assumes no obligation to update any forward-looking information contained in this news release. NetNation is a registered trademark of NetNation Communications, Inc. All other products and company names are the trademarks or registered trademarks of their respective owners.

~~Contact~~Hostway Corporation (http://www.hostway.com) provides award-winning web hosting services with five locations in the US, the UK, the Netherlands, ~~Jay~~Korea, ~~Elliott~~and Australia. Serving customers both small and large, Hostway provides 1best ~~604~~of ~~688~~breed ~~8946~~hosting ~~ext~~infrastructure with innovative online tools to help customers broaden their reach and grow their businesses online. ~~216~~Hostway offers a wide ~~mr@netnation~~range of managed hosting services ranging from simple shared hosting plans to complex dedicated server programs to over 100,000 customers worldwide.~~com~~

Hostway’s recent launch of the TruFlex line of dedicated servers with its simple, flat pricing underscores their commitment to innovation, security, and affordability.

INVESTOR NOTICE

NetNation Communications, Inc. (“NetNation”) will file a proxy statement and other relevant documents concerning the proposed acquisition with the SEC. Investors of NetNation are urged to read the proxy statement when it becomes available and any other relevant documents filed with the SEC because they will contain important information. You will be able to obtain the documents free of charge at the web site maintained by the SEC at www.sec.gov.

NetNation and its directors and executive officers, and certain of its employees, may be deemed to be participants in the solicitation of proxies from the stockholders of NetNation in connection with the acquisition. These participants may have interests in the acquisition, including interests resulting from holding shares of NetNation. Information about the interests of directors and executive officers of NetNation and their ownership of securities of NetNation will be set forth in the proxy statement.

Investors should read the proxy statement carefully when it becomes available before making any voting or investment decisions.

This release contains forward-looking statements within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include the following: (1) technological changes or changes in the competitive environment adversely affecting the service-packages, market share, revenues or margins of the combined business; (2) changes in general economic, financial or business conditions adversely affecting the combined business or the markets in which it operates and adversely affecting future revenues; (3) availability of financial resources to carry out plans; and (4) authorization from third parties to carry out plans. The matters discussed in this news release also involved risks and uncertainties described from time

to time in NetNation’s filings with the Securities and Exchange Commission, including the most recent Form 10-K filed on February 11, 2003, Form 10-Q filed on May 13, 2003, and Forms 8-K and other filings. NetNation assumes no obligation to update any forward-looking information contained in this news release.

NetNation is a registered trademark of NetNation Communications, Inc. and DomainPeople is a trademark of DomainPeople, Inc. All other products and company names are the trademarks or registered trademarks of their respective owners.

NetNation Contact:	Hostway Contact:
Jay Elliott	John Lee
1 604 688 8946 ext. 216	1 312 236 2132
mr@netnation.com	pr@hostway.com

Filing Compare · NETNATION COMMUNICATIONS INC