SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934.
Date of Report (Date of earliest event reported) October 4, 1996
CHAMPIONS SPORTS, INC.
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(Exact Name of Registrant as specified in its charter)
Commission File number 0-17263
Delaware 52-1401755
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(State or other jurisdiction of (I.R.S. Employer
organization) Identification No.)
Suite 610, 1749 Old Meadow Road, McLean, VA 22102
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(Address of principal executive offices)
(Zip Code)
(703)-556-3332
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(Registrants's telephone number, including area code)
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Item 5. OTHER EVENTS
On October 4, 1996, Champions Sports, Inc. signed a joint venture letter of
agreement with Business Expansion Capital Corporation, a privately held
corporation, to assist Champions Sports, Inc. in actively searching and
selection of merger or acquisitions candidate(s). Business Expansion Capital
Corporation is owned by George A. Naddaff. The term of the agreement is for two
years. Champions Sports, Inc. issued 8,500,000 performance based warrants
exercisable at $0.11 per common share, subject to Champions Sports, Inc.
approval of a successful acquisition or merger. Mr. George A. Naddaff has been
appointed to the Board of Directors of Champions Sports, Inc.
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Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this amendment to be signed on its behalf by the
undersigned thereto duly authorized.
CHAMPIONS SPORTS, INC.
(Registrant)
DATE: October 7, 1996 /s/James M. Martell
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BY: James M. Martell
Chairman and President
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