UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) July 30, 1998
STERLING WORLDWIDE CORPORATION
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(Exact Name of Registrant as Specified in Charter)
NEVADA 33-55254-29 87-0438649
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(State or other Jurisdiction) (Commission File Number) (IRS Employer I.D. NO.)
Nevada Corporate Services
1800 Sahara Desert, Suite 107
Las Vegas, Nevada 89104
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(Registered Agents Address)
153 St John's Road Tunbridge Wells
Kent TN4 9UP United Kingdom
001441892 541747
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(Address and Telephone number of Principal Executive Office)
KOALA CAPITAL CORPORATION
2200 Boca Raton Blvd
Boca Raton, Florida 33431
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(Former Name or Former Address, of Changed Since Last Address)
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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 RECEIVABLE
Not Applicable
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
Not Applicable
ITEM 5. OTHER EVENTS
On July 15, 1998 the Majority Stock holder by action taken in lieu of a
shareholder meeting pursuant to Nevada Revised Statute Sections 78.320(2)
approved a 1 for 200 reverse split of the Company's common stock and authorized
an amendment to the articles of Incorporation to readjust the Company's capital
to provide for an authorized share capital of 500,000,000 shares of common stock
of $0.001 par value. The Series A Preferred Stock of 10,000,000 Shares with
super priority voting rights of 100,000 votes per share and 490,000,000 Series
B Preferred Shares remain unchanged.
The Board of Directors adopted and ratified the shareholder action and
declared the effective date of the reverse split July 25, 1998 and authorized
the Company's officers to file such documents as may be necessary to give effect
to the stock split.
ITEM 6. RESIGNATIONS OF REGISTRANT'S DIRECTORS
Not Applicable
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
ITEM 8. CHANGE IN FISCAL YEAR
Not Applicable
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly cause this report to be signed on its behalf by the
undersigned here unto duly authorized.
STERLING WORLDWIDE CORPORATION
Date: July 30, 1998 By: /s/ Anne ME Greyling
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Anne ME Greyling/President
