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SEC File No. 333-48659
Rule 424(b)(3)
PROSPECTUS-PROXY STATEMENT
SUMMIT ENVIRONMENTAL CORPORATION, INC.
(a Texas corporation)
5,810,840 Shares of Common Stock
(Par value, $0.001 per Share)
This Prospectus-Proxy Statement provides information needed by each
shareholder of Summit Technologies, Inc. ("Summit Technologies"), a Texas
corporation. The directors of Summit Technologies have agreed to cause it to
merge with another Texas corporation, Summit Environmental Corporation, Inc.
(the "Company" herein), provided the shareholders of Summit Technologies vote to
approve the proposed merger (the "Merger"). Summit Technologies' management has
voting power over 50.4 percent of the shares of stock entitled to vote on this
matter but has agreed to vote their shares in accordance with the majority vote
of the other shareholders. Should the proposed Merger be approved and effected,
each shareholder of Summit Technologies effectively will exchange his or her
Summit Technologies shares of common stock for an equal number of shares of
common stock of the Company (the "Shares"). The proposed Merger transaction has
been registered with the Securities and Exchange Commission (the "Commission")
as has the distribution (the "Spinoff") of 500,000 additional shares of common
stock of the Company to the approximately 650 shareholders of SuperCorp Inc. in
35 states. The Spinoff is intended to create a broad
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PROSPECTUS-PROXY STATEMENT 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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UNDERWRITING PROCEEDS TO
PRICE TO DISCOUNTS AND OTHER
RECIPIENT COMMISSIONS PERSONS(1)
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<S> <C> <C> <C>
Per Share $0.114(2) $0 $0.114
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5,810,840 Merger Shares(3) $662,514 $0 $662,514
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The date of this Prospectus-Proxy Statement is November 10, 1998
