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) September 15,1998


                             FIRST SCIENTIFIC, INC.
             (Exact name of registrant as specified in its charter)


                           SPPS FINANCIAL CORPORATION
                                  (Former Name)

                                    Delaware
                 (State or other jurisdiction of incorporation)


         0-24378                                                  33-0611745
(Commission File Number)                    (IRS Employer Identification No.)

1877 West 2800 South, Unit A, Ogden, Utah                             84401
(Address of principal executive offices)                            (Zip Code)


Registrant's telephone number, including area code:  (801) 393 5781



<PAGE>



Item 1.       Change in Control of Registrant.
Item 2.       Acquisition or Disposition of Assets.

              On September 15, 1998, First Scientific, Inc. (formerly SPPS
Financial  Corporation) (the  "Registrant")  acquired Linco Industries,  Inc., a
Utah corporation  ("Linco")  pursuant to an Agreement and Plan of Reorganization
(the "Agreement"), dated as of August 10, 1998.

              Pursuant to the Agreement,  the Registrant issued 8,798,080 shares
of Common Stock in connection  with the merger (the  "Merger") of Linco with the
Registrant's  wholly owned Utah subsidiary,  Linco Acquisition Corp., and issued
5,201,920 shares to Edward Walker for certain  technology rights associated with
the business of Linco (Mr.  Walker also received  592,862 shares in the Merger).
The Registrant effected a five-for-one  forward stock split immediately prior to
the  closing  of  the  Agreement,  resulting  in  3,333,330  shares  outstanding
immediately prior to the Closing.  Concurrently with the Closing, the Registrant
sold 1,269,333 shares for $.75 per share.  As a result of the above
transaction there are 18,602,663 shares outstanding.

              Pursuant to the Agreement,  the Board of Directors and officers of
the Registrant resigned and were replaced with the persons set forth below.

              The names of the current  directors and executive  officers of the
Registrant and holders of more than 5% of the outstanding shares of common stock
and the  number of  shares  held and the  percentage  of the  total  issued  and
outstanding  Common Stock (the only voting  security) of the Registrant owned by
each of them are as follows.
<TABLE>
<CAPTION>

                                                                        Number                     Percentage
                                                                       of Shares                    of Shares
   Name                         Office                                   Owned                        Owned

Douglas                       President
<S>                           <C>                                        <C>                             <C>  
 Warren(1)                    and Director                               2,371,450                       12.7%

Jerral R.                     Chief Financial Officer
 Pulley(2)                       and Director                            1,000,000                         5.4%

Edward
  Walker(1)                   Director                                   5,794,782                       31.2%

Darrell J.
  Saunders(1)                 Director                                   2,371,450                       12.7%

Peter
 Sundwall(3)                  Director                                     50,000                          .3%

Charles Crittenden(1)                                                    2,371,450                        12.7%

All officers
 and directors
 as a group
 (5 persons)                                                            11,587,682                       62.1%


</TABLE>
(1)  Owned jointly with his spouse.
(2) Includes 1,000,000 shares issuable upon exercise of options.
(3)  Includes 50,000 shares issuable upon exercise of options. 
                                                  2

<PAGE>




Item 7.       Financial Statements, Pro Forma Financial Information
              and Exhibits.

              (a)(b) The required  financial  statements and pro forma financial
information  is  unavailable  as of the  date  hereof  and  will be filed by the
Registrant  pursuant to the requirements of the Securities  Exchange Act and the
rules and regulations  promulgated  thereunder within 60 days of the date of the
event reported herein.

              (c)        Exhibits

                         2.      Plan of acquisition, reorganization, arrange-
                                 ment, liquidation or succession.

                                 2.1.     Agreement and Plan of Reorganization,
                       dated August 10, 1998, between the
                                          Registrant, Linco, Linco Acquisition
                            Corp. and Edward Walker.

                         3.      Certificate of Incorporation and Bylaws

                                 3.3      Amendment to Articles of Incorporation
                                         changing name to First Scientific, Inc.
                                          and effecting a forward stock split.


                                                        3

<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 thereunto duly authorized.

Dated:  October 1, 1998                                FIRST SCIENTIFIC CORP.



                                                       By: /s/ Douglas Warren
                                                       Douglas Warren
                                                       President



                                                        4

<PAGE>
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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) September 15,1998

                             FIRST SCIENTIFIC, INC.
             (Exact name of registrant as specified in its charter)

                           SPPS FINANCIAL CORPORATION
                                  (Former Name)

                                    Delaware
                 (State or other jurisdiction of incorporation)

         0-24378                                                  33-0611745
(Commission File Number)                    (IRS Employer Identification No.)

1877 West 2800 South, Unit A, Ogden, Utah                             84401
(Address of principal executive offices)                            (Zip Code)

Registrant's telephone number, including area code:  (801) 393 5781
Item 1.       Change in Control of Registrant.
Item 2.       Acquisition or Disposition of Assets.

              On September 15, 1998, First Scientific, Inc. (formerly SPPS
Financial  Corporation) (the  "Registrant")  acquired Linco Industries,  Inc., a
Utah corporation  ("Linco")  pursuant to an Agreement and Plan of Reorganization
(the "Agreement"), dated as of August 10, 1998.

              Pursuant to the Agreement,  the Registrant issued 8,798,080 shares
of Common Stock in connection  with the merger (the  "Merger") of Linco with the
Registrant's  wholly owned Utah subsidiary,  Linco Acquisition Corp., and issued
5,201,920 shares to Edward Walker for certain  technology rights associated with
the business of Linco (Mr.  Walker also received  592,862 shares in the Merger).
The Registrant effected a five-for-one  forward stock split immediately prior to
the  closing  of  the  Agreement,  resulting  in  3,333,330  shares  outstanding
immediately prior to the Closing.  Concurrently with the Closing, the Registrant
sold 1,269,333 shares for $.75 per share.  As a result of the above
transaction there are 18,602,663 shares outstanding.

              Pursuant to the Agreement,  the Board of Directors and officers of
the Registrant resigned and were replaced with the persons set forth below.

              The names of the current  directors and executive  officers of the
Registrant and holders of more than 5% of the outstanding shares of common stock
and the  number of  shares  held and the  percentage  of the  total  issued  and
outstanding  Common Stock (the only voting  security) of the Registrant owned by
each of them are as follows.
Number                     Percentage
                                                                       of Shares                    of Shares
   Name                         Office                                   Owned                        Owned

Douglas                       President
Warren(1)                    and Director                               2,371,450                       12.7%

Jerral R.                     Chief Financial Officer
 Pulley(2)                       and Director                            1,000,000                         5.4%

Edward
  Walker(1)                   Director                                   5,794,782                       31.2%

Darrell J.
  Saunders(1)                 Director                                   2,371,450                       12.7%

Peter
 Sundwall(3)                  Director                                     50,000                          .3%

Charles Crittenden(1)                                                    2,371,450                        12.7%

All officers
 and directors
 as a group
 (5 persons)                                                            11,587,682                       62.1%
(1)  Owned jointly with his spouse.
(2) Includes 1,000,000 shares issuable upon exercise of options.
(3)  Includes 50,000 shares issuable upon exercise of options. 
                                                  2
Item 7.       Financial Statements, Pro Forma Financial Information
              and Exhibits.

              (a)(b) The required  financial  statements and pro forma financial
information  is  unavailable  as of the  date  hereof  and  will be filed by the
Registrant  pursuant to the requirements of the Securities  Exchange Act and the
rules and regulations  promulgated  thereunder within 60 days of the date of the
event reported herein.

              (c)        Exhibits

                         2.      Plan of acquisition, reorganization, arrange-
                                 ment, liquidation or succession.

                                 2.1.     Agreement and Plan of Reorganization,
                       dated August 10, 1998, between the
                                          Registrant, Linco, Linco Acquisition
                            Corp. and Edward Walker.

                         3.      Certificate of Incorporation and Bylaws

                                 3.3      Amendment to Articles of Incorporation
                                         changing name to First Scientific, Inc.
                                          and effecting a forward stock split.

                                                        3
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 thereunto duly authorized.

Dated:  October 1, 1998                                FIRST SCIENTIFIC CORP.

                                                       By: /s/ Douglas Warren
                                                       Douglas Warren
                                                       President

                                                        4