content: FORM 8-K
  
  
                        SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC   20549
  
  
  
                                  CURRENT REPORT
  
                        Pursuant to Section 13 or 15(d) of
                       The Securities Exchange Act of 1934
  
  
  DATE OF REPORT (Date of earliest event reported):  May 22, 1997
  
  
                                   EFTEK CORP.
              (Exact name of registrant as specified in its charter)
  
    
          Nevada                 33-26789-NY           93-0996501
  (State or other juris-         (Commission         (IRS Employer
  diction of incorporation)      File Number)      Identification No.)
  
    
                             Bloomfield Business Park
                               408 Bloomfield Drive
                                   Units 1 & 2
                          West Berlin, New Jersey 08091
                     (Address of Principal Executive Offices)
                  Registrant's telephone number:  (609) 767-2300
  
  
  <PAGE>
                                     FORM 8-K
  
  ITEM 5.   OTHER EVENTS 
  
            On May 22, 1997, the Board of Directors declared a one for three
  Reverse Stock Split of EFTEK Corp.'s Common Stock (for every three (3) shares,
  the shareholder would receive one (1) share).  Any fractional shares that
  result from the split will be rounded up to the next whole share.  The new
  stock certificates would be issued in the normal course of business whenever
  the appropriate transfer was requested by the Shareholders.  The authorized
  shares, the par value, and the 65,412 Class A Warrants and 81,059 Class B
  Warrants would remain the same.
  
            In addition, as a result of the Reverse Stock Split, the Registrant
  changed its symbol on the OTC Bulletin Board to EFTX.
  
                                    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.
  
  
                                     EFTEK CORP.
  
                                     BY:  /s/ Frank Whitmore
                                          --------------------------      
                                          FRANK WHITMORE, President
  
  
  EFTEK\5-22-97.8-K
metadata_documents: [{"type": "8-K", "sequence": "1", "description": "FORM 8-K FOR REVERSE STOCK SPLIT", "secsgml_size_bytes": 2271}]
metadata_filer: {"company-data": {"conformed-name": "EFTEK CORP", "cik": "0000846476", "assigned-sic": "6770", "irs-number": "930996501", "state-of-incorporation": "NV", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "033-26789", "film-number": "97620359"}, "business-address": {"street1": "BLOOMFIELD BUSINESS PARK", "street2": "408 BLOOMFIELD DR UNITS 1&2", "city": "BERLIN", "state": "NJ", "zip": "08009", "phone": "6097672300"}, "mail-address": {"street1": "408 BLOOMFIELD DRIVE", "street2": "UNITS 1 & 2", "city": "WEST BERLIN", "state": "NJ", "zip": "08091"}, "former-company": [{"former-conformed-name": "EXOTIC BODIES INC", "date-changed": "19920703"}, {"former-conformed-name": "SAVOY CAPITAL GROUP LTD", "date-changed": "19900227"}]}
text: FORM 8-K
  
                        SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC   20549
  
                                  CURRENT REPORT
  
                        Pursuant to Section 13 or 15(d) of
                       The Securities Exchange Act of 1934
  
  DATE OF REPORT (Date of earliest event reported):  May 22, 1997
  
                                   EFTEK CORP.
              (Exact name of registrant as specified in its charter)
  
    
          Nevada                 33-26789-NY           93-0996501
  (State or other juris-         (Commission         (IRS Employer
  diction of incorporation)      File Number)      Identification No.)
  
    
                             Bloomfield Business Park
                               408 Bloomfield Drive
                                   Units 1 & 2
                          West Berlin, New Jersey 08091
                     (Address of Principal Executive Offices)
                  Registrant's telephone number:  (609) 767-2300
  FORM 8-K
  
  ITEM 5.   OTHER EVENTS 
  
            On May 22, 1997, the Board of Directors declared a one for three
  Reverse Stock Split of EFTEK Corp.'s Common Stock (for every three (3) shares,
  the shareholder would receive one (1) share).  Any fractional shares that
  result from the split will be rounded up to the next whole share.  The new
  stock certificates would be issued in the normal course of business whenever
  the appropriate transfer was requested by the Shareholders.  The authorized
  shares, the par value, and the 65,412 Class A Warrants and 81,059 Class B
  Warrants would remain the same.
  
            In addition, as a result of the Reverse Stock Split, the Registrant
  changed its symbol on the OTC Bulletin Board to EFTX.
  
                                    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.
  
                                     EFTEK CORP.
  
                                     BY:  /s/ Frank Whitmore
                                          --------------------------      
                                          FRANK WHITMORE, President
  
  EFTEK\5-22-97.8-K