UNITED STATES 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 of1934
Date of Report: December 16, 1996
COMMISSION FILE NUMBER: 0-19064
NEMDACO, INC.
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Exact name of Registrant as specified in its charter
Colorado 84-1027731
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
9 Buckskin Road, Bell Canyon, California 91307
Address of principal executive offices Zip Code
Registrant's telephone number, including area code: (818) 884-4770
Former name, former address and former fiscal year, if changed since last
report:
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ITEM 1: NOTICE REGARDING ACQUISITION of all of the ASSETS OF HYDROPONIX, INC.
The Company advises that it has entered into an agreement with
Hydroponix, Inc., a Puerto Rican corporation to acquire all it's assets.
The Company is forming a new Subsidiary, a Nevada Corporation, that
will be the Buyer of the assets. The purchase price is 3,000,000 shares of
the to be formed Subsidiary. Current management of Hydroponix, Inc.,
will continue to operate the Company. Jeff Bender will be a member of
the Subsidiary's Board of Directors along with Robert Manning and David
Duty the Founders of Hydroponix, Inc.
Further, under the terms of the Agreement the Company has no
obligation to provide any financial support for the new Subsidiary or the
on going operations of the Subsidiary after the close of the proposed
transaction. The Company will provide management support and will aid
in the negotiations with the Government of Puerto Rico for grants, loans,
tax incentives and other financial programs that are offered by said
Government.
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SIGNATURES
In accordance with the requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned,
thereto duly authorized.
NEMDACO, INC.
(Registrant)
/S/ Jeff Bender
By: Jeff Bender
Chairman of the Board of Directors
Date: December 16, 1996
