SEC 873 (5/99) Potential persons who are to respond to the collection of
 information contained in this form are not required to respond unless the form
                 displays a currently valid OMB control number.

 OMB APPROVAL OMB Number 3235-0060; expires: March 31, 2005. Estimated average
                        burden, 1.25 hours per response.


                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549


                                    FORM 8-K
                                 CURRENT REPORT
     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


                                   May 2, 2003
                Date of Report (Date of earliest reported event)


                                 COLMENA CORP..
             (Exact name of registrant as specified in its charter)


                                    Delaware
                  (State or other jurisdiction of incorporation


                                     0-27842
                            (Commission File Number)


                                   54-1778587
                        (IRS Employer Identification No.)


  Crystal Corporate Center, 2500 North Military Trail, Suite 225-C; Boca Raton,
                                 Florida 33431
               (Address of principal executive offices) (Zip Code)


                                 (561) 998-2031
               Registrant's telephone number, including area code


                                (Not Applicable)
          (Former name or former address, if changed since last report)

                                     Page 1


<PAGE>



                 CAVEAT PERTAINING TO FORWARD LOOKING STATEMENTS

     The  Private  Securities  Litigation  Reform  Act of 1995  provides a "safe
harbor" for  forward-looking  statements.  Certain of the  statements  contained
herein,  which are not historical  facts,  are  forward-looking  statements with
respect to events,  the  occurrence of which  involve  risks and  uncertainties.
These  forward-looking   statements  may  be  impacted,   either  positively  or
negatively,  by various factors.  Information  concerning potential factors that
could affect the  Registrant is detailed  from time to time in the  Registrant's
reports  filed  with the  Commission.  This  report  contains  "forward  looking
statements" relating to the Registrant's current expectations and beliefs. These
include statements concerning operations,  performance,  financial condition and
anticipated  growth.  For this purpose,  any statements  contained in this 8-KSB
that are not  statements  of  historical  fact are  forward-looking  statements.
Without limiting the generality of the foregoing,  words such as "may",  "will",
"expect", "believe", "anticipate", "intend", "could", "estimate", or "continue",
or the  negative  or other  variation  thereof  or  comparable  terminology  are
intended to identify  forward-  looking  statements.  These  statements by their
nature  involve  substantial  risks  and  uncertainties  which  are  beyond  the
Registrant's  control.  Should  one or  more of  these  risks  or  uncertainties
materialize or should the Registrant's  underlying  assumptions prove incorrect,
actual outcomes and results could differ  materially from those indicated in the
forward looking statements.


                       INFORMATION INCLUDED IN THE REPORT


ITEM 5.           OTHER EVENTS AND REGULATION FD DISCLOSURE.

     By letter dated May 2, 2003, and received by the Registrant on May 5, 2003,
Mr. John Muczko, on behalf of the Global Group and Matrix  International,  Inc.,
advised the Registrant  that Global was terminating the February 21, 2003 letter
of intent with the Registrant.

     Copies  of a May  1,  2003  letter  from  the  Registrant  to  counsel  for
Global/Matrix,  the May 2, 2003 letter from Mr.  Muczko,  and the related  press
release  issued by the  Registrant  are  attached as exhibits to this report and
incorporated herein by reference.

ITEM 6.         RESIGNATIONS OF REGISTRANT'S DIRECTORS.

     On May 4, 2003,  Charles Champion  notified the Registrant that he resigned
as a member of the  Registrant's  Board of directors.  The  resignation  did not
involve  a  disagreement  with the  Registrant  on any  matter  relating  to the
Registrant's operations, policies or practices.

ITEM 7.           FINANCIAL STATEMENTS AND EXHIBITS.

(c)      Exhibits.

Designation                Page
of Exhibit                 Number
as Set Forth               or Source of
in Item 601 of             Incorporation
Regulation S-B             By Reference              Description

(99)     .13                    4                    May 1, 2003 letter from the
                                                     Registrant to Counsel for
                                                     Global Matrix.
         .14                    5                    May 2, 2003 letter from Mr
                                                     John Muczko.
         .15                    6                    Press Release.





                                     Page 2


<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 authorized officer.


                                  Colmena Corp.

Dated: May 8, 2003          /s/ Anthony Q. Joffe /s/
                         ---------------------------------
                                Anthony Q. Joffe
                                    President

                                    Exhibits


                                     Page 3


<PAGE>
[{"type": "8-K", "sequence": "1", "filename": "form8k-050803.txt", "secsgml_size_bytes": 5853}]
{"company-data": {"conformed-name": "COLMENA CORP", "cik": "0001000285", "assigned-sic": "4813", "irs-number": "541778587", "state-of-incorporation": "DE", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-27842", "film-number": "03688357"}, "business-address": {"street1": "2500 N. MILITARY TRAIL", "street2": "SUITE 225-D", "city": "BOCA RATON", "state": "FL", "zip": "33431", "phone": "561-998-2031"}, "mail-address": {"street1": "2500 N. MILITARY TRAIL", "street2": "SUITE 225-D", "city": "BOCA RATON", "state": "FL", "zip": "33431"}, "former-company": {"former-conformed-name": "SPORTS GUARD INC", "date-changed": "19960228"}}
SEC 873 (5/99) Potential persons who are to respond to the collection of
 information contained in this form are not required to respond unless the form
                 displays a currently valid OMB control number.

 OMB APPROVAL OMB Number 3235-0060; expires: March 31, 2005. Estimated average
                        burden, 1.25 hours per response.

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                    FORM 8-K
                                 CURRENT REPORT
     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

                                   May 2, 2003
                Date of Report (Date of earliest reported event)

                                 COLMENA CORP..
             (Exact name of registrant as specified in its charter)

                                    Delaware
                  (State or other jurisdiction of incorporation

                                     0-27842
                            (Commission File Number)

                                   54-1778587
                        (IRS Employer Identification No.)

  Crystal Corporate Center, 2500 North Military Trail, Suite 225-C; Boca Raton,
                                 Florida 33431
               (Address of principal executive offices) (Zip Code)

                                 (561) 998-2031
               Registrant's telephone number, including area code

                                (Not Applicable)
          (Former name or former address, if changed since last report)

                                     Page 1
CAVEAT PERTAINING TO FORWARD LOOKING STATEMENTS

     The  Private  Securities  Litigation  Reform  Act of 1995  provides a "safe
harbor" for  forward-looking  statements.  Certain of the  statements  contained
herein,  which are not historical  facts,  are  forward-looking  statements with
respect to events,  the  occurrence of which  involve  risks and  uncertainties.
These  forward-looking   statements  may  be  impacted,   either  positively  or
negatively,  by various factors.  Information  concerning potential factors that
could affect the  Registrant is detailed  from time to time in the  Registrant's
reports  filed  with the  Commission.  This  report  contains  "forward  looking
statements" relating to the Registrant's current expectations and beliefs. These
include statements concerning operations,  performance,  financial condition and
anticipated  growth.  For this purpose,  any statements  contained in this 8-KSB
that are not  statements  of  historical  fact are  forward-looking  statements.
Without limiting the generality of the foregoing,  words such as "may",  "will",
"expect", "believe", "anticipate", "intend", "could", "estimate", or "continue",
or the  negative  or other  variation  thereof  or  comparable  terminology  are
intended to identify  forward-  looking  statements.  These  statements by their
nature  involve  substantial  risks  and  uncertainties  which  are  beyond  the
Registrant's  control.  Should  one or  more of  these  risks  or  uncertainties
materialize or should the Registrant's  underlying  assumptions prove incorrect,
actual outcomes and results could differ  materially from those indicated in the
forward looking statements.

                       INFORMATION INCLUDED IN THE REPORT

ITEM 5.           OTHER EVENTS AND REGULATION FD DISCLOSURE.

     By letter dated May 2, 2003, and received by the Registrant on May 5, 2003,
Mr. John Muczko, on behalf of the Global Group and Matrix  International,  Inc.,
advised the Registrant  that Global was terminating the February 21, 2003 letter
of intent with the Registrant.

     Copies  of a May  1,  2003  letter  from  the  Registrant  to  counsel  for
Global/Matrix,  the May 2, 2003 letter from Mr.  Muczko,  and the related  press
release  issued by the  Registrant  are  attached as exhibits to this report and
incorporated herein by reference.

ITEM 6.         RESIGNATIONS OF REGISTRANT'S DIRECTORS.

     On May 4, 2003,  Charles Champion  notified the Registrant that he resigned
as a member of the  Registrant's  Board of directors.  The  resignation  did not
involve  a  disagreement  with the  Registrant  on any  matter  relating  to the
Registrant's operations, policies or practices.

ITEM 7.           FINANCIAL STATEMENTS AND EXHIBITS.

(c)      Exhibits.

Designation                Page
of Exhibit                 Number
as Set Forth               or Source of
in Item 601 of             Incorporation
Regulation S-B             By Reference              Description

(99)     .13                    4                    May 1, 2003 letter from the
                                                     Registrant to Counsel for
                                                     Global Matrix.
         .14                    5                    May 2, 2003 letter from Mr
                                                     John Muczko.
         .15                    6                    Press Release.

                                     Page 2
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 authorized officer.

                                  Colmena Corp.

Dated: May 8, 2003          /s/ Anthony Q. Joffe /s/
                         ---------------------------------
                                Anthony Q. Joffe
                                    President

                                    Exhibits

                                     Page 3