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 of 1934
Date of Report (Date of earliest event reported) May 4,1996
DYNAMIC ASSOCIATES, INC.
(Exact name of registrant as specified in its charter)
NEVADA 33-55254-03 87-0473323
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(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification Number)
7373 North Scottsdale Road, Suite B-150
Scottsdale, Arizona 85253
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (602) 483-8700
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Item 2. Acquisition or Disposition of Assets
Effective May 4, 1996, the Registrant purchased 50% of the outstanding
stock of P&H Laboratories, Inc. ("P&H") a private California corporation, for
$1,000,000 cash. P&H will become a 50% owned subsidiary of the Company. The
Company has an option which expires in May of 1998 to purchase the remaining 50%
of P&H stock for $1,000,000.
P&H is a state-of-the-art microwave component designer and manufacturer.
Devices produced at P&H are currently being used on most NASA and military
satellites as well as communications satellites throughout the world.
The purchase price was determined in arms-length negotiations between the
buyer and sellers.
One of the Directors of P&H, Ed Kaftal, is an officer of the Company's
subsidiary, Microwave Medical Corp. The Company sold Regulation S stock to raise
the $1,000,000 necessary to complete the transaction.
Item 7. Financial Statements and Exhibits
The required financial statements of P&H will be filed under cover of Form
8-K/A within the required time period as will the following exhibits:
a. Share purchase agreement with P&H dated February 28, 1996
b. Memorandum of Agreement dated April 23, 1996 finalized May
4, 1996.
SIGNATURE
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 hereunto duly authorized.
Dynamic Associates, Inc.
Date: May 14, 1996 /S/ Logan B. Anderson
Logan B. Anderson, Secretary/Treasurer
