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 EARLIEST REPORTED EVENT AUGUST 10, 1999
NEWMARK HOMES CORP.
(Exact name of Registrant as specified in its charter)
NEVADA 000-23677 76-0460831
(State or other jurisdiction of (Commission (IRS Employer
incorporation or organization) File Number) Identification Number)
1200 SOLDIERS FIELD DRIVE
SUGAR LAND, TEXAS 77479
(Address of Registrant's principal executive offices)
281-243-0100
(Registrant's telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
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INFORMATION INCLUDED IN THIS REPORT
Item 5. Other Events
The Registrant reported by press release dated August 10, 1999, that its
majority owner, Pacific Realty Group, Inc.("PRG"), informed the Registrant that
PRG has entered into discussions with a foreign company for a transaction
involving all or a portion of the Registrant's common stock. PRG currently owns
80% of the Registrant's common stock. See the press release attached to this
filing as an exhibit.
Item 7. Financial Statements and Exhibits
Exhibits
99.1 Press Release dated August 10, 1999.
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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.
Date: August 10, 1999
NEWMARK HOMES CORP.
By: /s/ Michael K. McCraw
-----------------------------
Michael K. McCraw, Chairman
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Tuesday August 10, 1:24 pm Eastern Time
Company Press Release
SOURCE: Newmark Homes Corp.
Pacific Realty Group Engaged in
Discussions Related to Its Equity Interests in Newmark
Homes Corp.
HOUSTON, Aug. 10 /PRNewswire/ __ Newmark Homes Corp. (Nasdaq: NHCH _ news; the
"Company") announced today that Pacific Realty Group, Inc. ("the Parent") has
informed the Company that the parent is engaged in preliminary discussions with
a foreign company for a transaction involving all or a portion of Parent's
common stock holdings in the Company. As of August 10, 1999, the Parent was the
owner of 80% of the outstanding common stock of the Company.
Newmark Homes Corp. (Newmark) designs, builds and sells single_family residences
in Texas, Florida, Tennessee and North Carolina. As of June 30, 1999, the
Company operated in 69 subdivisions and has closed 905 homes with an average
sales price of $236,000 for the six-month period then ended.
SOURCE: Newmark Homes Corp.
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