SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported): March 26, 1998
PACESETTER OSTRICH FARM, INC.
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(Exact Name of Registrant as Specified in Charter)
DELAWARE 1-11282 72-1186845
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
10135 Hereford Road
Folsom, LA 70437
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(Address of principal executive offices)
Registrant's telephone number, including area code: (504)796-5806
(Former name or former address, if changed since last report.)
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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.
Not applicable.
Item 6. Resignations of Registrant's Directors.
Not applicable.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
The following exhibits are filed with this report:
Exhibit No. Exhibit Description
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99.1 Press Release issued by Registrant dated March 26,
1998 (Filed herewith.)
Item 8. Change in Fiscal Year.
Not applicable.
Item 9. Sales of Equity Securities Pursuant to Regulation S.
Not applicable.
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SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf by the
undersigned, hereunto duly authorized.
PACESETTER OSTRICH FARM, INC
By: /s/ John R. Wade, President
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John R. Wade, President
To: Business Wire
From: Reid Green, CFO
3/26/1998
For Immediate Release: LA Circuit (including national coverage)
Pacesetter Ostrich Farm, Inc. (POFM, OTC Bulletin Board), Folsom, LA, Announced
today that it has signed a Letter of Intent to acquire Zion View Ostrich Ranch,
L.L.C. for approximately 2.6 million shares of restricted common stock. Zion
View, a limited liability company based in St. George, Utah, is a leading
producer of top quality ostrich meat and leather. The company began operations
in 1993 and is currently recognized as one of the leading sellers of ostrich
products in the United States.
John R. Wade, CEO and President of Pacesetter, said "the Zion View acquisition
immediately positions Pacesetter at the forefront of the industry in terms of
ostrich meat and leather sales. In addition, it allows management the ability to
focus on its long term strategy, based on sales of ostrich meat and leather
products, while continuing its success with international live bird sales."
Upon signing of the Letter of Intent, yesterday, Zion View Vice President and
General Manager, Rick White, said "We view this as a very positive move for both
companies. This relieves us of some of the various administrative and
operational duties and allows Zion View management to focus on our
strengths...sales and marketing of ostrich meat and leather."
