UNITED STATES
SECURITIES 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) March 18, 1999
MEDIC MEDIA INC.
(Exact name of registrant as specified in its charter)
Delaware 133944580
- ---------------------- ------------------
State of Incorporation IRS Employer ID No.
590 Madison Avenue, New York, NY 10022
- -------------------------------- ------------------
Address of principal Executive Offices Zip Code
Registrant's Telephone Number (212) 521-4497
<PAGE>
<PAGE>
Item 2. Acquisition or Disposition of Assets
On March 18, 1999, the Company acquired 100 shares of common
stock, GBP 1.0 par value, of CMAC Industries, Inc., (hereinafter
"CMAC") a company incorporated under the laws of the Channel
Islands of Jersey.
The acquisition was consummated by the execution of an
Acquisition Agreement dated March 8, 1999. The shares acquired
by the Company represented one hundred (100%) percent of
all of CMAC's then currently issued and outstanding common
stock. The aggregate purchase price paid by the Company for the
CMAC common shares was 3,500,000 post-reverse split shares
of voting common stock of Medic Media Inc., $0.001 par value.
These shares will be issued to the sellers of the CMAC shares
subsequent to a 6.5 to 1 reverse split of the voting common
stock by the Company of its voting common stock.
There was no material relationship between the Company and
CMAC prior to the acquisition by the company of the CMAC shares.
Subsequent to the acquisition of the CMAC shares, the Company
intends to enter the amphibious vehicle industry. CMAC's
management will utilize their experience and expertise in that
area to assist the Company with such entry. CMAC's Chief
Executive Officer is Sean Power and the Chairman of CMAC is Lt.
General J. W. Morris. Mr. Power has extensive experience in the
motor industry as well as the property and construction
industries. He has sought to develop an amphibious vehicle since
the late 1980's and has spent time researching a prototype. Lt.
General Morris was formally in charge of the US Army Corp. of
Engineers for the ten years prior to his retirement and is
presently Governor of the West Point Military Academy. His
knowledge of Washington is a valuable asset in developing
contacts and new business.
The product range of the company is based on a proven innovative
hydraulics technology, which is easy to maintain and is very cost
efficient. In addition, the company will offer a cost effective
alternative to many appliations which require land and water
based transport. The first product is a platform that can have
any number of differing formats. The CMAC is an adaptable and
flexible vehicle that can operate on land and in the water and
has many different applications, as a result the market places
available are many and varied. The initial target markets are:
fire fighting, military applications, marine salvage, beach
cleaning, ecological pollution damage limitation and clean up,
fish farming, flood control and aquatic harvesting. Flexible
manufacturing techniques will allow a range of vehicles to be
offered, suited to a variety of applications. Management have
already identified key areas where, at present, no individual
<PAGE>
<PAGE>
vehicle is capable of carrying out the specific task
satisfactorily. The product range seeks to combine the
versatility of a traditional marine vehicle with that of an
automobile. The design and testing of the prototype is complete
and fully licensed by the Department of Trade and Industry in the
United Kingdom.
Item 5. Other Events
Subsequent to the closing of the Acquisition Agreement between
the Company and CMAC Inc., the Company on March 10, 1999 changed
its name to AMAC Inc.
Item 7. Financial Statements and Exhibits
At this time, it is impracticable to provide the required
financial statements for the CMAC Inc. The Company however
expects to file such financial statements as an amendment to this
Form as soon as practicable, but not later than sixty (60) days
after the report on this Form is to be filed.
A copy of the Acquisition Agreement between the Company and
CMAC Inc., is attached hereto as an exhibit.
<PAGE>
<PAGE>
SIGNATURES
In accordance with the requirements of the Securities Exchange
Act of 1934, the registrant caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.
Dated: March 25, 1999
Medic Media Inc.
(Registrant)
/s/ L.J. Boyne
President
