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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): June 11, 1999
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NEW GENERATION PLASTIC, INC.
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(Exact Name of Registrant as Specified in its Charter)
DELAWARE 000-24623 87-0559453
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
245 PARK AVENUE, 39TH FLOOR, NEW YORK, NY 10167
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: 212-792-4104
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SW VENTURES, INC.
455 EAST 400 SOUTH, SUITE 100
SALT LAKE CITY, UTAH 84111
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(Former name or former address, if changed since last report.)
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Item 5. Other Events.
As previously reported in a Form 8-K filed on April 29, 1999
by the Registrant's predecessor, SW Ventures, Inc., a Nevada
corporation (SWV), and in accordance with definitive proxy
materials filed by SWV on May 26, 1999, at a special meeting of
its shareholders held on June 8, 1999 the SWV shareholders
overwhelmingly approved a 1-for-15 reverse split of its
outstanding common stock, the reincorporation of SWV from Nevada
to Delaware, and the recapitalization of SWV. The SWV
recapitalization involved the issuance to Bachkine & Meyer
Industries, S.A., a British Virgin Island corporation (BMI), of
shares representing approximately 98% of the outstanding common
stock on a post-split basis in exchange for certain technology
and assets from BMI relating to a proprietary and patented method
of recycling mixed plastics. In addition, the SWV shareholders
also approved a name change following the reincorporation to New
Generation Plastic, Inc. (NGP), and a change in its ticker symbol
to NGPX. The reverse split, reincorporation, recapitalization
and name change became effective as of the close of business on
June 10, 1999. The common stock of NGP began trading under its
new symbol on the NASD's Electronic Bulletin Board effective with
the opening of the markets on June 11, 1999.
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SIGNATURES
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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.
NEW GENERATION PLASTIC, INC.
Dated: July 1, 1999 By: /s/ MARC R. ENGEL
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Marc R. Engel
Executive Vice President
