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 Report (Date of Earliest event reported) April 28, 1998 ADINA , INC. (Exact Name of Registrant as Specified in its Charter) Delaware 33-19435 75-2233445 (State of (Commission (IRS Employer Incorporation) File Number) Identification No.) 2415 Midway Road, Suite 121, Carrollton, Texas 75006 (Address of Principal Executive Offices) Registrant's telephone number, including area code: (972) 733- 3005 ITEM 1. Change of Control of Registrant On April 28, 1998, Registrant agreed with Forsam Venture Funding, Inc., a private company owned by the children of Daniel Wettreich, President, to exchange the 11,700,000 common shares in Registrant owned by Forsam Venture Funding, Inc. for two note receivables in the total amount of $115,000. Registrant has canceled the 11,700,000 common shares so they are no longer outstanding. Registrant has also accepted the tendering of 1,466,939 shares to the Company for cancellation with no consideration. Mick Y. Wettreich now owns 98.5% of the outstanding common shares and has control. By Written Consent of Shareholders representing over 80% of the outstanding shares, a 10-1 forward stock split was approved April 28, 1998. A notice will be sent to shareholders. ITEM 2. Acquisition or Disposition of Assets On April 28, 1998 Forsam Venture Funding, Inc. issued 1,345,295 Preferred Shares, Series X ("Series X") to Registrant in exchange for the 1,345,295 Camelot Corporation Preferred Shares, Series J owned by Registrant. The Series X are non- voting, non-yielding and have a preference over the common shares of Forsam Venture Funding, Inc. in the event of liquidation. ITEM 7. Exhibits (10) a) Material Contracts Share Purchase Agreement dated April 28, 1998 by between Forsam Venture Funding, Inc. and Adina, Inc. regarding the 11,700,000 Adina Shares. b) Agreement dated April 28, 1998 by and between Forsam Venture Funding, Inc. and Adina, Inc. regarding the sale of the Camelot Corporation Preferred Shares, Series J. SIGNATURES 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 thereunto duly authorized. ADINA, INC. By: /s/ Daniel Wettreich Daniel Wettreich President Dated: May 8, 1998