UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Act of 1934
NOVEMBER 6, 2003
(Date of earliest event reported)
ROYAL HOLIDAY MOBILE ESTATES
(Name of Small Business in its Charter)
NEVADA Commission File No. 0-17462 88-0409168
(State of incorporation) (I.R.S. Employer
Number)
14284 Point Reyes St., Fontana, CA 92336
(Address of Principal Executive Officers)
Registrant's telephone (New) (909)574-6470; Fax number (714) 536-3169
ITEM 1. CHANGES IN CONTROL OF REGISTRANT
(a) Description of the Transaction Resulting in a Change in Control
On or about September 19, 2003, Registrant entered into a Stock Purchase
Agreement, dated September 8, 2003 (the "Stock Transfer and Exchange
Agreement"), with the majority shareholders of Spartan Tours Inc., a Canadian
Corporation. The acquisition also involved the issuance of 2,196,206 of
registrants restricted common shares of stock to Sarantos Maltezos and 349,204
were issued to Osatron holdings of the registrant's restricted common shares,
both of these issuances are herewith being cancelled. The agreement
additionally involved the registrant to provide the necessary capital to expand
Spartan Tours business model. The Registrant has been unsuccessful in their
efforts and has therefore decided to cancel the transaction. Additionally,
Spartan Tours Inc's President, Sarantos Maltezos, has returned the 2,196,206 of
the Registrant's common shares and Osatron Holdings has returned their 349,204
of the Registrant's common shares as part of the cancellation.
As a result of the cancellation of this agreement and subsequent
cancellation of the shares, the Registrant's outstanding and issued shares will
revert back to 1,221,000 and the control rolls back to the level prior to this
transaction
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
On November 6, 2003 the Company reversed the transaction for the acquisition of
Spartan Tours, Inc., because of not being able to raise the capital for which
the company had a specified period of time in which to provide the capital
commitment. As a result of this cancellation the asset of Spartan Tours will
not be shown on the company's financial statements and will revert to the
Company's financial position back to the second quarter close. Our financial
condition for the close of September 30, 2003 will in turn reflect the similar
number so as to not confuse shareholders.
ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE
As a result of the cancellation of the above Spartan Tours agreement, Mr.
Sarantos Maltezos has additionally resigned his position as President/CEO and
the remaining Directors have agreement to return to their original positions in
an effort to begin the search for an acquisition to bring value to its
shareholders. The remaining Directors, Hector A. Veron and R.B.Harris do
hereby accept the resignation of Sarantos Maltezos. Mr. Hector Veron does
herewith accept the return to the President/CEO position and Mr. R.B.Harris
shall remain as Director/ Acting secretary
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.
November 11, 2003 ROYAL HOLIDAY MOBILE ESTATES
(Registrant)
By: /s/ Hector A. Veron /s/ R.B. Harris
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Hector A. Veron R.B. Harris
President/ CEO/Director Director
/s/ Sarantos Maltezos
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Sarantos Maltezos
Resigning President/CEO/Director