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SEC File No. 333-48675
Rule 424(b)(3)
PROSPECTUS
SUMMIT ENVIRONMENTAL CORPORATION, INC.
500,000 Shares of Common Stock
(For the account of a distributing shareholder, SuperCorp Inc.)
Summit Environmental Corporation, Inc. ("the Company") is a recently
formed, development-stage shell company without significant assets or any
business. It was formed by SuperCorp Inc., an Oklahoma corporation
("SuperCorp"), for the purpose of (i) creating a public market for the Company's
securities by distributing to SuperCorp's approximately 650 shareholders ("the
Spinoff") 500,000 shares of the Company's Common Stock ("the Spinoff Shares"),
(ii) merging with another Texas corporation, Summit Technologies, Inc. ("Summit
Technologies") ("the Merger"), which other corporation is a viable company with
significant assets and an ongoing business, and (iii), following the Merger,
engaging in the business and activities now being conducted by Summit
Technologies - marketing products developed by other companies but under license
to Summit Technologies. These products include (i) a fire suppressant certified
by the EPA as a replacement for Halon 1211, (ii) environmentally safe industrial
chemicals and cleaners, (iii) a non-prescription, natural-substances pill
designed to increase energy, alleviate stress, and promote hormonal balances,
and (iv) a weight-loss tablet and a topical application that employ chitosan as
their main ingredient.
There is no assurance the Merger will be approved by the shareholders
of Summit Technologies. Should it not be approved, the Company would be what the
Securities and Exchange Commission calls a "blank check company" without
significant assets or a business. Because of this, regulations of the Commission
require that the certificates representing the 500,000
(continued on next page)
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PROSPECTUS SUPPLEMENT NO. 1
The proposed merger described herein, between the Company and Summit
Technologies, Inc., was approved by a vote of the shareholders of both companies
and became effective on December 2, 1998.
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<CAPTION>
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UNDERWRITING PROCEEDS TO
PRICE TO DISCOUNTS AND OTHER
RECIPIENT COMMISSIONS PERSONS(1)
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<S> <C> <C> <C>
Per Share $0.001(2) $0 $0.001
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500,000 Shares $500(3) $0 $500(4)
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The date of this Prospectus is November 10, 1998.
