SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
Current Report Pursuant to Section 13 or 15(d)
Under the Securities Exchange Act of 1934
Date of Report
January 25, 1999
_________________
Commission File Number 1-8662
PROACTIVE TECHNOLOGIES, INC.
(formerly KEYSTONE MEDICAL CORPORATION)
(Exact name of registrant as specified in its charter)
Delaware 23-2265039
(State of Incorporation) (IRS Employer Identification No.)
3343 Peachtree Road, N.E., Suite 530
Atlanta, Georgia 30326
(Address of Principal Executive Offices) (Zip Codes)
Registrant's telephone number, including area code:
(404) 240-4081
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Item 2 is amended to read as follows:
Item 2. Acquisition or Disposition of Assets
On January 8, 1999, the Company acquired 100% of the total issued and
outstanding shares of PDk Properties, Inc., a Georgia corporation, which owns
100% of Stratos Inns, LLC, a Georgia limited liability company located
in Atlanta, Georgia.
The purchase price for PDK Properties,Inc. stock was the
issuance of 3,600,000 shares of Proactive restricted common stock to
the Lance Children's Trust. The consideration paid was determined as a
result of arms-length negotiations between unrelated parties.
Pursuant to Article 3-05(b) of Regulation S-X of the Securities Act,
financial statements of PDK Properties, Inc. are not required to be filed
herewith.
Item 7. Financial Statements and Exhibits
Items 7(a) and 7(b) is hereby amended to read as follows:
(a) Financial Statements.
The Registrant is not required to file the financial statements,
of PDK Properties, Inc. under Item 7(a) of Form 8-K.
(b) Pro Forma Financial Information.
The Registrant is not required to file pro-forma information
of PDK Properties, Inc. under Item 7(a) of Form 8-K.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this registration statement to be signed on
its behalf by the undersigned, thereto duly authorized.
PROACTIVE TECHNOLOGIES, INC.
Dated: April 5, 1999 /s/ C. Beverly Lance
By: _____________________________
C. Beverly Lance, President
