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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 Act of 1934
AMENDMENT NO. 10
1. The Company's merger with Network Electric Company was cancelled.
2. The Company sold its mining interests in Plumas County, California to
a foreign ecclasiastical sovereignty in exchange for Treasury Bills ("T-Bills")
having a face value of $2,418,000,000.00, issued by the Dominion of Melchizedek
("DOM"). The T-Bills, payable without interest, mature on May 27, 2005.
The Company has booked the T-Bills at face value. As additional consideration,
DOM has credited the account of the Company 300,000,000.00 Dominion Dollars
(the official currency of DOM), from which the Company has acquired a 5 year
Certificate of Deposit issued by the DOM state owned and licensed bank, Bank of
Salem. Bank of Salem is not licensed within the United States of America, nor
is it associated with any U.S.A. bank. The exchange rate for Dominion Dollars
of the Dominion of Melchizedek is one Dominion Dollar to one U.S. Dollar.
Additional information regarding the sale of the mining properties is
contained in the Company's Form 10Q filing with the Securities and Exchange
Commission for the period ending March 31, 2000, dated May 15, 2000.
COUNTRYLAND WELLNESS RESORTS, INC.
(Exact name of registrant as specified in it's charter)
DELAWARE -0-20217 84-0687501
(State or other (Commission File (IRS Employer
jurisdiction of Number) identification No.)
incorporation)
Registrant's telephone number, including are code: (702) 240-4408
COUNTRYLAND WELLNESS RESORTS, INC.
2205 Purple Majesty Court, Las Vegas, NV 89117-2747
(Former name and address, if changed since last report)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on it's behalf
by the undersigned hereunto duly authorized.
COUNTRYLAND WELLNESS RESORTS, INC.
(Registrant)
Date: May 15, 2000 /S/ Fernando Juan
(Signature)
Fernando Juan, Vice President and
Chief Financial Officer
