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 3,1999
  
                    THE HARMAT ORGANIZATION, INC.
                xact name of registrant as specified in its charter)
  
  
  ________________________Delaware______________________________
      (State or Other Jurisdiction of Incorporation)
  
      333-3501                            11-2780723
  (Commission File Number)         (I.R.S. Employer Identification No.)
  
  
   P.O. Box 549, Speonk, New York                     11972
  (Address of principal executive offices)         (Zip Code)
  
                         (516) 234-2888
       (Registrant's telephone number, including area code)
  
  
  
  
                                                       1
  
  <PAGE>
  
  
  
  ITEM 2. Acquisition or Disposition of Assets
  
           On June 3, 1999 the Company  acquired all of the issued and outstanding
  shares of BarPoint.com,  Inc.  ("BarPoint") pursuant to an Acquisition Agreement
  dated May 20, 1999. BarPoint will soon launch a new internet shopping portal web
  site. The site,  www.barpoint.com,  will feature a patent-pending  search engine
  and software  technology  that allows  consumers to use the standard UPC barcode
  that  appears on  approximately  100 million  retail items to search for product
  specific  information  from the  internet.  Scheduled  for launch in the fall of
  1999,  www.barpoint.com  will  offer  consumers  the  opportunity  to search for
  product  specific  information and shop for products by entering any UPC barcode
  number.  The internet search results that BarPoint delivers are tailored for the
  needs of the consumer and include manufacturer contact information,  comparative
  pricing  from a variety of on-line  sources,  links to purchase  the item from a
  variety of e-commerce  vendors and more.  Unlike  current search engines such as
  Yahoo, Lycos or Excite which present broad results that may include  information
  the consumer is not looking for, BarPoint delivers product specific  information
  and affords the consumer  immediate access to such information on both wired and
  wireless internet devices.
  
           The  consideration  for the  acquisition  was  6,634,042  shares of the
  Company's  common  stock based upon a negotiated  value of $1.90 per share.  The
  purchase  price is subject to adjustment  depending upon the value of certain of
  the Company's  assets at the date of Closing and over a 45 day period  following
  the Closing.
  
           A group of investors  headed by Matthew  Schilowitz,  a shareholder and
  the President and Director of the Company,  made a capital  contribution  to the
  Company of 250,000  shares of  FinancialWeb.com,  Inc.  (the "Fweb  Stock")  and
  certain  other  assets.  The Board of Directors  of the Company have  declared a
  stock dividend of the Company's  common stock to the Company's  shareholders  of
  record on June 3, 1999 (excluding the shareholders of BarPoint who have received
  the  Company's  common  stock in the  transaction).  The  number of shares to be
  distributed in the dividend will be determined  based upon the value of the Fweb
  Stock  over a 45 day  period  plus the  agreed  upon  value of the other  assets
  contributed.  No payment  date has been  established  for the dividend but it is
  expected to be
  
                                                       2
  
  <PAGE>
  
  
  
  in August or September 1999.
  
           As part of the transaction the Company sold to Leigh  Rothschild  three
  (3) shares of the  Company's  Class A  Preferred  Stock for a purchase  price of
  $10.00 per share.  The Preferred  Stock shall vote on a pari-pasu basis with the
  Company's  Stock.  The Company has  outstanding  1,000,000  Class A Warrants and
  1,000,000  Class  B  Warrants  (collectively,  the  "Warrants").  One  share  of
  Preferred  Stock shall be voted in  accordance  with the issuance of the Class A
  Warrants and one share of Preferred  Stock shall be voted in accordance with the
  issuance of the Class B Warrants.  The Preferred  Stock shall be entitled to one
  vote for each share of common stock  issued upon  exercise of the  Warrants.  So
  long as the Warrants are outstanding  and are not exercised,  then the Preferred
  Stock  allocated to the Warrants  shall have no vote.  In the event the Warrants
  are not exercised and expire by their terms,  then the Preferred  Stock shall be
  canceled.  The third share of Preferred  Stock shall have 346,766  votes.  In no
  event will any of the  Preferred  Stock have any votes after five (5) years from
  the date of issue.
  
           As part of the acquisition the Company granted five (5) year options to
  purchase  800,000 shares of the Company's  commons stock at an exercise price of
  $1.90 per share.  BarPoint's management shall determine the distribution of such
  options.  Such options vest as follows:  one-third (1/3)  immediately  after one
  year from the date of  Closing,  one-third  (1/3) after the second year from the
  date of Closing, in the event BarPoint achieves 50% of its revenue projection of
  $49,000,000  in such second year,  and the balance of one-third  (1/3) after the
  third year from the date of Closing,  in the event BarPoint  achieves 50% of its
  revenue projection of $179,000,000 in such third year.  Projections  referred to
  herein are the  Seller's  April 1, 1999  business  projections  as  presented to
  Purchaser.
  
           In connection with services  rendered,the new consulting  agreement and
  guarantees  issued by Matthew  Schilowitz  relating to collectability of certain
  assets of the  Company  Mr.  Schilowitz  was  awarded  options  to  purchase  an
  aggregate of 190,615  shares at $1.90 per share,  which options are  exercisable
  over a five (5) year period.
  
           David W. Sass, a Director of the  Company,  is the father of Jeffrey W.
  Sass, a founder and shareholder of BarPoint.
  
                                                       3
  
  <PAGE>
  
  
  
  McLaughlin & Stern,  LLP,  general  counsel to the Company,  is a shareholder of
  BarPoint and received shares in the Company as part of the transaction. David W.
  Sass is a member of said firm.
  
           Audited  financial  statements  of  BarPoint  and Pro  Forma  financial
  statements combined will be filed by amendment.
  
           In connection with the  transaction the Company  obtained the advice of
  its investment banker as to the reasonablness  from a financial point of view of
  the foregoing transaction.
  
           As part of the  transaction,  Messrs.  Scott  Prizer  and  David  Eiten
  resigned as Directors of the Company and Messrs. Leigh M. Rothschild and Jeffrey
  W. Sass were  elected to fill the  vacancies  created by such  resignations.  In
  addition,  Mr. Leigh M.  Rothschild was appointed  Chairman and Chief  Executive
  Officer and Mr.  Jeffrey W. Sass was  appointed  Executive  Vice  President  and
  Secretary  of the  Company.  In  addition,  the Company  entered into three year
  employment  agreements  with Leigh M. Rothschild and Jeffrey W. Sass and a three
  year consulting  agreement with Matthew Schilowitz at annual compensations of no
  less than $200,000, $150,000 and $150,000 respectively.
  
           As a result of the acquisition the Company intends to
  change its name to BarPoint.com, Inc. and its trading symbol to
  "BPNT", if available.
  
  
  ITEM 7.  Financial Statements, Pro Forma Financial Information
  and Exhibits.
  
           (a)      Financial information to be filed by amendment.
  
           (b)      Pro Forma Financial information to be filed by amendment.
  
           (c)  Exhibits
  
                    1.       Stock Purchase Agreement dated May 20, 1999.
                    2.       Addendum to Stock Purchase Agreement dated June
                             1, 1999.
                    3.       Employment Agreement with Leigh M. Rothschild.
                    4.       Employment Agreement with Jeffrey W. Sass.
  
                                                       4
  
  <PAGE>
  
  
  
                    5.       Consulting Agreement with Matthew C.
                             Schilowitz.
                    6.       Certificate  of  Amendment  to  the   Certificate  of
                             Incorporation of the Company authorizing the Series A
                             Preferred Stock.
  
  
  
                                                       5
  
  <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.
  
  
                                     THE HARMAT ORGANIZATION, Inc.
                              (Registrant)
  
  
  
  By:
           Leigh M. Rothschild, Chairman
  
  
  DATED:   June 8, 1999
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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 3,1999
  
                    THE HARMAT ORGANIZATION, INC.
                xact name of registrant as specified in its charter)
  
  ________________________Delaware______________________________
      (State or Other Jurisdiction of Incorporation)
  
      333-3501                            11-2780723
  (Commission File Number)         (I.R.S. Employer Identification No.)
  
   P.O. Box 549, Speonk, New York                     11972
  (Address of principal executive offices)         (Zip Code)
  
                         (516) 234-2888
       (Registrant's telephone number, including area code)
  
                                                       1
  ITEM 2. Acquisition or Disposition of Assets
  
           On June 3, 1999 the Company  acquired all of the issued and outstanding
  shares of BarPoint.com,  Inc.  ("BarPoint") pursuant to an Acquisition Agreement
  dated May 20, 1999. BarPoint will soon launch a new internet shopping portal web
  site. The site,  www.barpoint.com,  will feature a patent-pending  search engine
  and software  technology  that allows  consumers to use the standard UPC barcode
  that  appears on  approximately  100 million  retail items to search for product
  specific  information  from the  internet.  Scheduled  for launch in the fall of
  1999,  www.barpoint.com  will  offer  consumers  the  opportunity  to search for
  product  specific  information and shop for products by entering any UPC barcode
  number.  The internet search results that BarPoint delivers are tailored for the
  needs of the consumer and include manufacturer contact information,  comparative
  pricing  from a variety of on-line  sources,  links to purchase  the item from a
  variety of e-commerce  vendors and more.  Unlike  current search engines such as
  Yahoo, Lycos or Excite which present broad results that may include  information
  the consumer is not looking for, BarPoint delivers product specific  information
  and affords the consumer  immediate access to such information on both wired and
  wireless internet devices.
  
           The  consideration  for the  acquisition  was  6,634,042  shares of the
  Company's  common  stock based upon a negotiated  value of $1.90 per share.  The
  purchase  price is subject to adjustment  depending upon the value of certain of
  the Company's  assets at the date of Closing and over a 45 day period  following
  the Closing.
  
           A group of investors  headed by Matthew  Schilowitz,  a shareholder and
  the President and Director of the Company,  made a capital  contribution  to the
  Company of 250,000  shares of  FinancialWeb.com,  Inc.  (the "Fweb  Stock")  and
  certain  other  assets.  The Board of Directors  of the Company have  declared a
  stock dividend of the Company's  common stock to the Company's  shareholders  of
  record on June 3, 1999 (excluding the shareholders of BarPoint who have received
  the  Company's  common  stock in the  transaction).  The  number of shares to be
  distributed in the dividend will be determined  based upon the value of the Fweb
  Stock  over a 45 day  period  plus the  agreed  upon  value of the other  assets
  contributed.  No payment  date has been  established  for the dividend but it is
  expected to be
  
                                                       2
  in August or September 1999.
  
           As part of the transaction the Company sold to Leigh  Rothschild  three
  (3) shares of the  Company's  Class A  Preferred  Stock for a purchase  price of
  $10.00 per share.  The Preferred  Stock shall vote on a pari-pasu basis with the
  Company's  Stock.  The Company has  outstanding  1,000,000  Class A Warrants and
  1,000,000  Class  B  Warrants  (collectively,  the  "Warrants").  One  share  of
  Preferred  Stock shall be voted in  accordance  with the issuance of the Class A
  Warrants and one share of Preferred  Stock shall be voted in accordance with the
  issuance of the Class B Warrants.  The Preferred  Stock shall be entitled to one
  vote for each share of common stock  issued upon  exercise of the  Warrants.  So
  long as the Warrants are outstanding  and are not exercised,  then the Preferred
  Stock  allocated to the Warrants  shall have no vote.  In the event the Warrants
  are not exercised and expire by their terms,  then the Preferred  Stock shall be
  canceled.  The third share of Preferred  Stock shall have 346,766  votes.  In no
  event will any of the  Preferred  Stock have any votes after five (5) years from
  the date of issue.
  
           As part of the acquisition the Company granted five (5) year options to
  purchase  800,000 shares of the Company's  commons stock at an exercise price of
  $1.90 per share.  BarPoint's management shall determine the distribution of such
  options.  Such options vest as follows:  one-third (1/3)  immediately  after one
  year from the date of  Closing,  one-third  (1/3) after the second year from the
  date of Closing, in the event BarPoint achieves 50% of its revenue projection of
  $49,000,000  in such second year,  and the balance of one-third  (1/3) after the
  third year from the date of Closing,  in the event BarPoint  achieves 50% of its
  revenue projection of $179,000,000 in such third year.  Projections  referred to
  herein are the  Seller's  April 1, 1999  business  projections  as  presented to
  Purchaser.
  
           In connection with services  rendered,the new consulting  agreement and
  guarantees  issued by Matthew  Schilowitz  relating to collectability of certain
  assets of the  Company  Mr.  Schilowitz  was  awarded  options  to  purchase  an
  aggregate of 190,615  shares at $1.90 per share,  which options are  exercisable
  over a five (5) year period.
  
           David W. Sass, a Director of the  Company,  is the father of Jeffrey W.
  Sass, a founder and shareholder of BarPoint.
  
                                                       3
  McLaughlin & Stern,  LLP,  general  counsel to the Company,  is a shareholder of
  BarPoint and received shares in the Company as part of the transaction. David W.
  Sass is a member of said firm.
  
           Audited  financial  statements  of  BarPoint  and Pro  Forma  financial
  statements combined will be filed by amendment.
  
           In connection with the  transaction the Company  obtained the advice of
  its investment banker as to the reasonablness  from a financial point of view of
  the foregoing transaction.
  
           As part of the  transaction,  Messrs.  Scott  Prizer  and  David  Eiten
  resigned as Directors of the Company and Messrs. Leigh M. Rothschild and Jeffrey
  W. Sass were  elected to fill the  vacancies  created by such  resignations.  In
  addition,  Mr. Leigh M.  Rothschild was appointed  Chairman and Chief  Executive
  Officer and Mr.  Jeffrey W. Sass was  appointed  Executive  Vice  President  and
  Secretary  of the  Company.  In  addition,  the Company  entered into three year
  employment  agreements  with Leigh M. Rothschild and Jeffrey W. Sass and a three
  year consulting  agreement with Matthew Schilowitz at annual compensations of no
  less than $200,000, $150,000 and $150,000 respectively.
  
           As a result of the acquisition the Company intends to
  change its name to BarPoint.com, Inc. and its trading symbol to
  "BPNT", if available.
  
  ITEM 7.  Financial Statements, Pro Forma Financial Information
  and Exhibits.
  
           (a)      Financial information to be filed by amendment.
  
           (b)      Pro Forma Financial information to be filed by amendment.
  
           (c)  Exhibits
  
                    1.       Stock Purchase Agreement dated May 20, 1999.
                    2.       Addendum to Stock Purchase Agreement dated June
                             1, 1999.
                    3.       Employment Agreement with Leigh M. Rothschild.
                    4.       Employment Agreement with Jeffrey W. Sass.
  
                                                       4
  5.       Consulting Agreement with Matthew C.
                             Schilowitz.
                    6.       Certificate  of  Amendment  to  the   Certificate  of
                             Incorporation of the Company authorizing the Series A
                             Preferred Stock.
  
                                                       5
  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.
  
                                     THE HARMAT ORGANIZATION, Inc.
                              (Registrant)
  
  By:
           Leigh M. Rothschild, Chairman
  
  DATED:   June 8, 1999