U.S. SECURITIES AND EXCHANGE COMMISSION

                                 WASHINGTON D.C.

                                   FORM 8-K/A

                                 CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934



                               October 18, 1996
                -----------------------------------------------
                Date of Report (Date of Earliest Event Reported)



                          Powerhouse Resources, Inc.
              --------------------------------------------------
              Exact Name of Registrant as Specified in its Charter


    Colorado                         0-11546                    84-0832977   
- -----------------                --------------            ------------------
State or other                    Commission file           IRS Employer Iden-
Jurisdiction of                       Number                tification Number
Incorporation



                 1624 Market Street, Suite 303, Denver, CO 80202
           --------------------------------------------------------
           Address of Principal Executive Offices, Including Zip Code


                                (303) 595-8555
               -------------------------------------------------
               Registrant's Telephone Number, Including Area Code



                                      N/A
           -----------------------------------------------------------
           Former Name or Former Address, if Changed Since Last Report






Item 5. Other Events

     As of October 18, 1996,  Paul Simms was elected as Chairman of the Board of
Directors.  In  addition,  Anil Kumar was elected  managing  director  and Selim
Rahman was elected as a director. All three are residents of the United Kingdom.






                                   Signatures


     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Registrant  has duly  cased  this  report  to be  signed  on its  behalf  by the
undersigned thereunto duly authorized.


                                           Powerhouse Resources, Inc.



                                           By:   /s/ Dennis C. Dowd
                                                -------------------------------
                                                Dennis C. Dowd, President

Date:    October 29, 1996