POWER PLUS CORP
8-K, 1996-11-01
RETAIL STORES, NEC
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                       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 (Date of earliest event reported): October 31, 1996

                             POWER PLUS CORPORATION
             (Exact name of registrant as specified in its charter)

 PROVINCE OF ALBERTA,
       CANADA                       0-18163                     34-1723067
(State or other jurisdic-         (Commission                  (IRS Employer
 tion of incorporation)           File Number)              Identification No.)


                        
            7850 WOODBINE AVENUE, SUITE 201, MARKHAM, ONTARIO L3R 0B9
     (Address of principal executive offices)                   (Zip Code)

       Registrant's telephone number, including area code: (905) 479-5683

                                BATTERY ONE, INC.
          (Former name or former address, if changed since last report)








Exhibit index on consecutive page __                   Consecutive page 1 of __

                                                       

<PAGE>



ITEM 1.           CHANGES IN CONTROL OF REGISTRANT.

                  Not applicable.

ITEM 2.           ACQUISITION OR DISPOSITION OF ASSETS.

                  Not applicable.

ITEM 3.           BANKRUPTCY OR RECEIVERSHIP.

                  Not applicable.

ITEM 4.           CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.

                  Not applicable.

ITEM 5.           OTHER EVENTS.

                  The effective  date of the registrant  1-for-20  reverse stock
                  split is  November  1, 1996.  At the  opening of  business  on
                  November  4, 1996,  the  post-consolidation  common  shares of
                  Power  Plus   Corporation   will  be  posted  for  trading  in
                  substitution of the pre-consolidation common shares of Battery
                  One, Inc. on the  Electronic  Bulletin  Board.  The new NASDAQ
                  stock symbol will be "PPCO", replacing "BATT".

                  Pursuant to General  Instruction F to Form 8-K, the registrant
                  hereby incorporates by reference the information  contained in
                  the news  release,  a copy of which is filed as an  exhibit to
                  this report.

ITEM 6.           RESIGNATIONS OF REGISTRANT'S DIRECTORS.

                  Not applicable.

ITEM 7.           FINANCIAL STATEMENTS AND EXHIBITS.

                  (a)      Financial statements of businesses acquired: 

                           Not applicable.

                  (b)      Pro forma financial information: Not applicable.






                                        2

<PAGE>


                  (c)      Exhibits:

    Regulation                                                   Consecutive
    S-K NUMBER                     DOCUMENT                      PAGE NUMBER

       20.1                      News Release                         4

       





                                                         
ITEM 8.           CHANGE IN FISCAL YEAR.

                  Not applicable.


                                   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.

                                                 POWER PLUS CORPORATION



Date: November 1, 1996                           By:  /s/J. Douglas Elliott
                                                      J. Douglas Elliott
                                                      Chief Executive Officer



                                        3

<PAGE>




[Powerful Stuff! Logo]

                             POWER PLUS CORPORATION
                          (Formerly Battery One, Inc.)
                         7850 Woodbine Avenue, Suite 201
                            Markham, Ontario L3R 0B9

                                  NEWS RELEASE

                POWER PLUS CORPORATION TO TRADE UNDER SYMBOL PPCO
                     ON NASDAQ OTC ELECTRONIC BULLETIN BOARD

Alberta Stock Exchange: BTB                      NASDAQ OTC Bulletin Board: BATT

TORONTO,  CANADA - OCTOBER 31, 1996 - POWER PLUS CORPORATION  (formerly  Battery
One, Inc.) today announced  receiving  authorization for the  post-consolidation
common shares of POWER PLUS CORPORATION to be posted for trading in substitution
of the  pre-consolidation  common  shares  of  Battery  One,  Inc.  on  NASDAQ's
Over-The-Counter Electronic Bulletin Board market, at the opening of business on
Monday, November 4, 1996. The new NASDAQ stock symbol is PPCO, replacing BATT.

The Company previously announced on October 28, 1996, obtaining final regulatory
approval  completing the reorganization of the former Battery One, Inc. as POWER
PLUS  CORPORATION,  and the concurrent  posting on The Alberta Stock Exchange of
the post-consolidation shares of POWER PLUS CORPORATION.

Further details of the  reorganization  are set out in previously  reported News
Releases and a Management Information Circular dated June 21, 1996 governing the
shareholders  meeting  held  on July  24,  1996 at  which  the  reorganizational
proceedings were approved.



POWER PLUS CORPORATION publicly held, trades on The Alberta Stock Exchange under
the symbol  "BTB" and on NASDAQ's  OTC  Bulletin  Board under the symbol  "BATT"
(S.E.C.  EDGAR File No.  000-18163).  For more  information,  contact POWER PLUS
CORPORATION,   Attention:   J.D.   Elliott,   toll-free  in  North   America  at
1-800-769-3733; or at (905) 479-5683; or by fax at (905) 479-8911.

THE ALBERTA STOCK EXCHANGE  NEITHER  APPROVES NOR DISAPPROVES OF THE CONTENTS OF
THIS NEWS RELEASE.

[Power Plus Corporation Logo]


<PAGE>



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