U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K/A 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. (Exact Name of registrant as specified in its Charter) Florida 000-21627 06-1413994 - ------------------------ ------------------- ------------------- (State of Incorporation) Commission File No. (IRS Employer Identification No.) 2614 Main St., Dallas, TX 75226 - ---------------------------------------- ------------------- (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 ------------------------------------------------- We have attached the Letter of Intent concerning the proposed business combination with Mortgage Assistance Corporation. This proposed business combination, once approved by the majority shareholders and implemented, will cause substantial dilution to shareholders' equity. Item 7. Financial Statements and Exhibits Exhibit 99 Letter of Intent Conditional Business Combination 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 20, 2004 /s/ Dale Hensel ----------------------------- By: Dale Hensel Title: President