________________________________________________________________________________
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 Earliest Event Reported: October 2, 1997
WORLDWIDE PETROMOLY, INC.
(Exact name of registrant as specified in its charter)
Colorado 000-24682 84-1125214
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation or organization) Identification No.)
1300 Post Oak Boulevard, Suite 1985
Houston, Texas 77056
(Address of principal executive offices, including zip code)
(713) 892-5823
(Registrant's telephone number, including area code)
________________________________________________________________________________
<PAGE>
Item 5. Other Events.
Mr. Robert Goldberg resigned as a Director of Worldwide Petrolmoly Inc.
(the "Company") on October 23, 1997 to concentrate on other business
opportunities and for personal reasons.
Mr. Manfred Sternberg was appointed as Director of the Company on October
23, 1997 by the Board of Directors. Mr. Sternberg, age 37, is licensed as an
attorney in Texas. He has practiced law since 1985 and has had his own law firm
since 1991. Mr. Sternberg is board certified in consumer law by the Texas Board
of Legal Specialization. Mr. Sternberg's law practice is primarily involved in
litigation matters.
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 hereunto duly authorized.
WORLDWIDE PETROMOLY, INC.
Date: October 28, 1997 By: /s/ Gilbert Gertner
-------------------------
Gilbert Gertner, Chairman
2