content: 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.
  
  
  
  
  Date of Report (Date of earliest event reported) June 29, 1999
  
                   PIONEER COMMERCIAL FUNDING CORP.
       (Exact name of registrant as specified in its charter)
  
  
                           New York
           (State or Other Jurisdiction of Incorporation)
  
      0-249408-NY                            13-3763437
  (Commission File Number)           (I.R.S. Employer Identification No.)
  
  
  21700  Oxnard  Street,  Suite  1650,  Woodland  Hills,  CA 91367  (Addresses  of
  principal executive offices) (Zip Code)
  
  (818) 346-1921
  (Registrant's telephone number, including area code)
  
  
  
  
  
  <PAGE>
  
  
  
  ITEM 5. OTHER EVENTS
  
  At the Annual  Meeting of  Shareholders  held on June 29, 1999 the  shareholders
  elected the following persons as directors:
  
                    Boaz Harel
                    M. Albert Nissim
                    Richard Fried
                    Tamar Lieber
                    Lynda Davey
                    Joseph Samuels
  
  In addition, the shareholders approved an amendment to the Company's Certificate
  of  Incorporation  to reclassify  all issued shares of common stock to reflect a
  two (2) shares  for one (1) share  reverse  split.  As a result,  the  5,542,272
  outstanding shares have been changed into 2,771,136 shares. The authorized,  but
  unissued shares were changed from 14,457,728 shares to 17,228,864 shares.
  
  The  shareholders  also ratified the  appointment of Lazar Levine & Felix LLP as
  the auditors of the Company for the year ended December 31, 1999.
  
  
  ITEM 7.  Financial Statements, Pro Forma Information and
  Exhibits.
  
           (c)  Exhibits
  
                    1.       Certificate of Amendment of the Certificate of
                             Incorporation  of  the  Registrant  effectuating  the
                             reverse split.
  
  
  
  
  
  <PAGE>
  
  
  
                                                   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.
  
  
                    PIONEER COMMERCIAL FUNDING CORP.
                              (Registrant)
  
  
  
  By: /s/ David W. Sass, Secretary
  
  
  
  DATED: June 29, 1999
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metadata_filer: {"company-data": {"conformed-name": "PIONEER COMMERCIAL FUNDING CORP /NY/", "cik": "0000867713", "assigned-sic": "6162", "irs-number": "133763437", "state-of-incorporation": "NY", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-24940", "film-number": "99655997"}, "business-address": {"street1": "21700 ONXARD STREET", "street2": "C/O OHRENSTEIN & BROWN", "city": "WOODLAND HOLLS", "state": "CA", "zip": "91367", "phone": "8187760590"}, "mail-address": {"street1": "6660 RESODA BOULEVARD", "city": "RESODA", "state": "CA", "zip": "91335"}, "former-company": {"former-conformed-name": "PCF ACQUISITION CORP", "date-changed": "19941017"}}
text: 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.
  
  Date of Report (Date of earliest event reported) June 29, 1999
  
                   PIONEER COMMERCIAL FUNDING CORP.
       (Exact name of registrant as specified in its charter)
  
                           New York
           (State or Other Jurisdiction of Incorporation)
  
      0-249408-NY                            13-3763437
  (Commission File Number)           (I.R.S. Employer Identification No.)
  
  21700  Oxnard  Street,  Suite  1650,  Woodland  Hills,  CA 91367  (Addresses  of
  principal executive offices) (Zip Code)
  
  (818) 346-1921
  (Registrant's telephone number, including area code)
  ITEM 5. OTHER EVENTS
  
  At the Annual  Meeting of  Shareholders  held on June 29, 1999 the  shareholders
  elected the following persons as directors:
  
                    Boaz Harel
                    M. Albert Nissim
                    Richard Fried
                    Tamar Lieber
                    Lynda Davey
                    Joseph Samuels
  
  In addition, the shareholders approved an amendment to the Company's Certificate
  of  Incorporation  to reclassify  all issued shares of common stock to reflect a
  two (2) shares  for one (1) share  reverse  split.  As a result,  the  5,542,272
  outstanding shares have been changed into 2,771,136 shares. The authorized,  but
  unissued shares were changed from 14,457,728 shares to 17,228,864 shares.
  
  The  shareholders  also ratified the  appointment of Lazar Levine & Felix LLP as
  the auditors of the Company for the year ended December 31, 1999.
  
  ITEM 7.  Financial Statements, Pro Forma Information and
  Exhibits.
  
           (c)  Exhibits
  
                    1.       Certificate of Amendment of the Certificate of
                             Incorporation  of  the  Registrant  effectuating  the
                             reverse split.
  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.
  
                    PIONEER COMMERCIAL FUNDING CORP.
                              (Registrant)
  
  By: /s/ David W. Sass, Secretary
  
  DATED: June 29, 1999