<PAGE> 1
FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
CURRENT REPORT PURSUANT TO SECTION 13 OR 15 (d) OF
THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT COMMISSION FILE NO.
JULY 30, 1996 0-13920
SYSTEMS TECHNOLOGY ASSOCIATES, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
FLORIDA 54-0802071
(STATE OR OTHER JURISDICTION OF (IRS EMPLOYER I.D. NO.)
INCORPORATION OR ORGANIZATION)
14 BRYANT COURT
STERLING, VIRGINIA 20166
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
(703) 471-8000
(REGISTRANT'S TELEPHONE NUMBER)
ITEM 5. OTHER EVENTS
Systems Technology Associates, Inc. reached an agreement with its
former President, Marvin S. Friedland and his solely owned consulting firm,
Metrology, Inc. for them to: 1)sell their combined 661,254 common stock shares
back to the Company and an investment group; 2)to sell back to the Company and
have retired all the 2,000 shares of $50 preferred stock and 3)to extinguish
debt and accrued interest in the amount of $112,917. The agreement is
contingent upon raising $50,000 in cash and providing non-interest bearing
notes of $26,000. The Company stated that this is a major step in its plan to
reduce debt and create a more positive financial condition for growth and to be
able to attract new management.
SIGNATURE
Pursuant to the requirement of Section 13 or 15 (d) 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.
Dated: 7/30/96 BY: /s/ TERRY A. SCOTT
----------- ---------------------
Chairman of the Board
