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 Report: November 17, 1997
SLS INDUSTRIES, INC. .
(Exact Name of Registrant as Specified in Charter
NEVAD 2-90328 77-0002526
(State of Incorporation) (Commission File No.)(IRS Employer No.)
7223 Parkway Drive
Suite 103
Hanover, Maryland 21076
(Address of Principal (Zip Code)
Executive Office)
(410) 712-4155
(Registrant's Telephone Number, Including Area Code)
Photo Acoustic Technology, Inc., 822 Hampshire Road, Suite
E, West Lake Village, CA 91361
(Former Name or Former Address, if Changed Since Last
Report)
Item 5. Other Events
The Registrant was incorporated in Nevada of September
15, 1983 under the name of Photo Acoustic Technology, Inc.
("PAT"). On July 12, 1994, pursuant to a Share Exchange
Agreement, dated July 12, 1994, PAT acquired all of the
outstanding shares of capital stock of Paradigm Industries,
Inc. ("Paradigm"), a privately held corporation organized
under the laws of the State of Maryland, in Exchange for
38,317,770 shares of Common Stock of PAT. As a result of
the merger, Paradigm became a wholly owned subsidiary of
PAT. On August 3, 1995, PAT changed its name to SLS
Industries, Inc., a Nevada Corporation. Effective February
22, 1996, Paradigm's name was changed to SLS Industries,
Inc., a Maryland corporation.
The Registrant has not filed its periodic reports
pursuant to the Securities Exchange Act of 1934, as amended
(the "Exchange Act")), since approximately October 1994 due
to a lack of adequate financial, personnel and other
resources. The Registrant currently is engaged in efforts
to gather and review pertinent information and documents in
order to complete the preparation and audit of its financial
statements for its fiscal years ended January 31, 1995,
January 31, 1996 and January 31, 1997, and the preparation
of certain reports under the Exchange Act. The Registrant
had engaged independent auditors to audit the financial
statements and counsel to assist in the preparation of
reports under the Exchange Act. The Registrant currently
anticipates filing such reports in the near future.
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.
SLS INDUSTRIES, INC.
(Registrant)
RICHARD B. PAZORNIK
Date: November 17, 1997 /s/ Richard B.
Pazornik
Title: President
