UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 (F) OR 15(D)
of the
SECURITIES EXCHANGE ACT OF 1934
Date of Event Requiring Report: May 1, 1998
FLEXWEIGHT CORPORATION
(Exact Name of Registrant as Specified on its Charter)
0-9476 48-0680109
(Commission File Number) (IRS Employer Identification Number)
KANSAS
(State or Other Jurisdiction of Incorporation or Organization)
1946 Plateau Way
Wendover, NV 89883
(Address of Principal Executive Offices)
(702) 664-3484
(Registrant's Telephone Number, Including Area Code)
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ITEM 5. OTHER EVENTS
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On May 1, 1998, Flexweight Corporation (the "Company") entered into a
Reorganization Agreement (the "Agreement") with its wholly owned subsidiary,
FLEX Holdings ("FLEX") and Oasis Hotel, Resort & Casino -III, Inc. ("Oasis").
Under the Agreement, FLEX is to merge into Oasis and Oasis will be the surviving
entity as a wholly owned subsidiary of the Company. All outstanding shares of
Oasis will be converted into shares of the Company and there will be no changes
in or amendments to the Articles of Incorporation or Bylaws of Oasis. The
executed Agreement and Plan of Merger are on file at the principal place of
business of the surviving corporation (Oasis), 1946 Plateau Way, Wendover,
Nevada 89883. They shall become effective upon filing of the Articles of Merger
for FLEX and for Oasis with the Nevada Secretary of State.
The directors and officers of Oasis will remain after the merger and they are
also replacing the current directors and officers of the Company. Walter
Sanders, Sonny Longson and Richard Capri are Directors of the Company and of
Oasis and Walter Sanders is President, Richard Capri is Secretary/Treasurer and
Sonny Longson is Vice President of each of the two entities.
The transaction has been approved by majority vote of the shareholders of FLEX
and of Oasis and a unanimous vote of their boards of directors and the board of
directors of the Company. See Exhibit A - Press Release of May 11, 1998 and
Exhibit B - Reorganization Agreement of May 1, 1998.
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.
Dated: May 14, 1998
Flexweight Corporation
By:_/s/Walter Sanders ______
Walter Sanders, President