U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report: May 19, 2004
SAFE ALTERNATIVES CORPORATION OF AMERICA, INC.
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(Exact Name of registrant as specified in its Charter)
Florida 000-21627 06-1413994
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(State of Incorporation) Commission File No. (IRS Employer
Identification No.)
2614 Main St., Dallas, TX 75226
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number,(210) 670-0005
(Registrant's former name and address)
440 Main Street, Ridgefield, CT 06877
Item 5. OTHER CHANGES AND REGULATION FD DISCLOSURE
Letter of Intent Conditional Business Combination
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Subject to majority shareholder consent, which we anticipate will be
given, the Company plans to acquire all of the issued and outstanding common
stock of Mortgage Assistance Corporation, a Texas corporation (MAC). Before the
business combination can be completed, will we will be required to reorganize
the Company. This will include, but not limited to (1) a corporate name change,
(2) a reverse split of issued and outstanding capital stock on a One for Two
Hundred Fifty (1:250) basis, and (3) a change in authorized common stock capital
to 50,000,000 shares.
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.
SAFE ALTERNATIVES CORPORATION
OF AMERICA, INC.
Dated: May 19, 2004
/s/ Dale Hensel
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By: Dale Hensel
Title: President