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 19, 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.)
2930 Wellington Circle South, Suite 101
Tallahassee, Florida 32308
(Address of Principal Executive Offices) (Zip Codes)
Registrant's telephone number, including area code:
(850) 894-0018
_______________________________________________________________________
Item 2 is amended to read as follows:
Item 2. Acquisition or Disposition of Assets
On December 30, 1998, the Company entered into an agreement to acquire
100% of the total issued and outstanding shares of West Side Investors, Inc.,
a Georgia corporation, which owns P & W Stonebridge, LLC, and P & W Headland,
LLC, which own, respectively, the Headland-DeLowe Shopping Center located
in Atlanta, Georgia and Stonebridge Village Shopping Center, located in
DeKalb County, Georgia.
The purchase price for West Side Investors, Inc. stock was the
issuance of 3,100,000 shares of Proactive restricted common stock as
follows: Arthur G. Weiss, 1,550,000 shares; Charles G. Weiss 775,000
shares; and Caroline Weiss Kyriopoulos, 775,000 shares. Appraisals of
the properties total $9,130,000. The shopping centers are subject to
a $7,886,000 non-recourse equal profit participating mortgage. The
consideration paid was determined as a result of arms-length negotiations
between unrelated parties. The acquisition was completed in January of 1999.
Pursuant to Article 3-05(b) of Regulation S-X of the Securities Act,
financial statements of West Side Investors,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 West Side Investors, 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 West Side Investors, 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: March 19, 1999 /s/ C. Beverly Lance
By: _____________________________
C. Beverly Lance, President
