CELCOR INC
8-K, 1996-11-14
NON-OPERATING ESTABLISHMENTS
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                   SECURITIES AND EXCHANGE COMMISSION
                                
                         Washington, DC  20549
                                
                                
                                FORM 8-K
                                
                                
                          Current Report Pursuant
                       to Section 13 or 15(d) of the
                      Securities Exchange Act of 1934
                                
                                
Date of report (Date of earliest event reported)  October 25, 1996

                    NORTHEAST (USA) CORP. (formerly CELCOR, INC.)
              (Exact Name of Registrant as Specified in its Charter)
                                
                                
                                     DELAWARE
_____________________________________________________________________________
                  (State or Other Jurisdiction of Incorporation)

                                
               0-13337                            22-2497491
      ________________________       ____________________________________
      (Commission file number)       (IRS Employer Identification Number)


     1800 Bloomsbury Avenue, Ocean, N.J.                 07712
_____________________________________________________________________________   
(Address of Principal Executive Offices)             (Zip Code)


                                  (908) 922-3158
______________________________________________________________________________
               (Registrant's Telephone Number, Including Area Code)
     

                           
                                   CELCOR, INC.
______________________________________________________________________________
                       (Former name, if changed from last report)




ITEM 5. Other Events

On October 25, 1996,  the  Registrant  filed a change of corporate name with the
Secretary of State of Delaware. By virtue of this amendment, Celcor, Inc. became
Northeast (USA) Corp. Effective November 14, 1996, the Registrant's common stock
will be  traded  under  its new  name.  The  attached  press  release  is hereby
incorporated by reference.




                                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 thereunto duly authorized.


                                              NORTHEAST (USA) CORP.


DATE: November 14, 1996                      By: /s/ Stephen E. Roman, Jr.
                                                 Stephen E. Roman, Jr.
                                                 Vice President




                        PRESS RELEASE OF CELCOR, INC.


FOR IMMEDIATE RELEASE
OCEAN, N.J. NOVEMBER 13, 1996


CELCOR,  INC.  (OTC-CEKR)  ANNOUNCED  TODAY THAT PURSUANT TO A MERGER  AGREEMENT
WHICH BECAME  EFFECTIVE  AUGUST 1, 1996,  IT HAS CHANGED ITS  CORPORATE  NAME TO
NORTHEAST (USA) CORP. ITS NEW TRADING SYMBOL WILL BE NEUC.

THE COMPANY'S  BUSINESSES  INCLUDE THE OPERATION OF A SUBSIDIARY IN THE PEOPLE'S
REPUBLIC OF CHINA WHICH MANUFACTURES AND DISTRIBUTES  PHARMACEUTICAL PRODUCTS IN
THAT  COUNTRY,  AND  DISTRIBUTION  OF BODY CARE  PRODUCTS  UNDER THE TRADE  NAME
"JENNIFER  E-18" IN THE U.S.  MARKET AS WELL AS  DISTRIBUTION  TO LATIN AMERICAN
COUNTRIES,  TAIWAN,  KOREA AND THE PEOPLE'S REPUBLIC OF CHINA. THE COMPANY PLANS
ADDITIONAL  VENTURES,  PRIMARILY  IN THE FAR EAST.  THE  COMPANY MAY ALSO IN THE
FUTURE EXPORT PHARMACEUTICAL PRODUCTS PRODUCED BY IT IN THE PEOPLE'S REPUBLIC OF
CHINA TO THE U.S.


FOR MORE INFORMATION CONTACT:        STEPHEN ROMAN V.P.
                                     NORTHEAST (USA) CORP.
                                     (908) 922-3158




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