SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) of the
SECURITIES EXCHANGE ACT OF 1934
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Date of Report: November 12, 2002
ALTRIMEGA HEALTH CORPORATION
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(Exact Name of Registrant as Specified in Charter)
NEVADA 000-29057 87-0631750
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
4702 OLEANDER DRIVE, SUITE 200, MYRTLE BEACH, SC 29577
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (843) 497-7028
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
On November 12, 2002, Altrimega Health Corporation, a Nevada corporation
("ALTRIMEGA"), through its subsidiary Sea Garden Funding, LLC, a South Carolina
limited liability company ("SEA GARDEN FUNDING"), acquired real property in the
Sea Garden development in North Myrtle Beach, South Carolina.
Sea Garden is a townhouse condominium project consisting of approximately
116 sold units with an additional 10 units currently under construction and
remaining sites for 49 additional units.
Creative Holdings owns 80% of Sea Garden Funding, LLC. Sea Garden Funding
paid $210,000 cash and assumed debt of $1,071,344.66 to complete the
transaction. The current sales prices for the 2 bedroom 2.5 bath town homes are
averaging $88,000.00. This would create approximately $5,200,000 in revenues
upon sell-out. The construction costs on the remaining units to be completed
would be approximately $2,775,000 at current cost estimates. Horry County State
Bank provided the funding for the purchase.
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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.
ALTRIMEGA HEALTH CORPORATION
Date: November 13, 2002 By: /s/ John W. Gandy
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Name: John W. Gandy
Its: President and Chief Executive Officer
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