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
COMMISSION FILE NO.: 0-24185
Date of Report: June 23, 2006
CENTRAL AMERICAN EQUITIES CORP.
------------------------------------------------------
(Exact name of registrant as specified in its charter)
Florida 65-0636168
---------------------------------------------------------------
(State of other jurisdiction of (IRS Employer
incorporation or organization) Identification No.)
100 Wall Street, 15th Floor, New York, NY 10005
---------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
212-232-0120 ext. 221
--------------------------------------------------
(Registrant's telephone number including area code)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of
the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 5.03 CHANGE IN FISCAL YEAR
On June 23, 2006 the Registrant's Board of Directors approved a change
in the Registrant's fiscal year. The new fiscal year will end on June 30.
Recently the Registrant was party to a merger agreement with Ostar
Pharmaceutical, Inc. ("Ostar"). Because the Registrant issued shares equal
to over 98% of its outstanding capital stock in connection with the merger
of Ostar into a subsidiary of the Registrant, Ostar is now considered the
reporting entity for accounting purposes. For that reason, the Registrant
has changed its fiscal year to conform to the fiscal year of Ostar.
The Registrant will not file a report for a transition period as a
result of the change in the Registrant's fiscal year, since there has been
no change in the periods of the Registrant's financial statements.
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.
CENTRAL AMERICAN EQUITIES CORP.
By: /s/ Zhenjiang Yue
--------------------------------------
Zhenjiang Yue, Chief Executive Officer