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<TITLE>8-K &nbsp;MCA Holdings dated 3/5/2007 enter into LOI(Exchange Agr (A0037362-2).DOC</TITLE>
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<DIV style="width:468pt"><P style="line-height:20pt; margin:0pt; font-size:18pt" align=center><B>UNITED STATES</B></P>
<P style="line-height:20pt; margin:0pt; font-size:18pt" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0pt" align=center><BR></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center><B>Washington, D.C. 20549 </B></P>
<P style="margin:0pt" align=center><BR></P>
<P style="margin:0pt" align=center><BR></P>
<P style="line-height:20pt; margin:0pt; font-size:18pt" align=center><B>FORM 8-K </B></P>
<P style="margin:0pt" align=center><BR></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center><B>CURRENT REPORT </B></P>
<P style="margin:0pt" align=center><BR></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center><B>Pursuant to Section 13 or 15(d) of the </B></P>
<P style="margin:0pt" align=center><BR></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center><B>Securities Exchange Act of 1934 </B></P>
<P style="margin:0pt" align=center><BR></P>
<P style="margin:0pt" align=center>Date of Report (Date of earliest event reported): <B>April 10, 2007</B></P>
<P style="margin:0pt" align=center><BR></P>
<A NAME="fis_unidentified_table"></A><P style="line-height:20pt; margin:0pt; font-size:18pt" align=center><B>MCA HOLDINGS CORPORATION</B></P>
<P style="margin:0pt" align=center><BR></P>
<P style="margin:0pt" align=center>(Exact name of registrant as specified in its charter) </P>
<P style="margin:0pt" align=center><BR></P>
<P style="margin:0pt" align=center><BR></P>
<P style="margin:0pt" align=center><BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR><TD width=192.6></TD><TD width=79.2></TD><TD width=125.4></TD></TR>
<TR><TD valign=top width=256.8><P style="margin:0pt" align=center><B>NEVADA </B></P>
</TD><TD valign=top width=105.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=167.2><P style="margin:0pt" align=center>000-52162</P>
</TD></TR>
<TR><TD valign=top width=256.8><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=105.6><P style="margin:0pt" align=center><B>98-0497320</B></P>
</TD><TD valign=top width=167.2><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=top width=256.8><P style="margin:0pt" align=center>(State or other jurisdiction </P>
<P style="margin:0pt" align=center>of incorporation) </P>
</TD><TD valign=top width=105.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=167.2><P style="margin:0pt" align=center>(Commission </P>
<P style="margin:0pt" align=center>File Number) </P>
</TD></TR>
<TR><TD valign=top width=256.8><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=105.6><P style="margin:0pt" align=center>(IRS Employer </P>
<P style="margin:0pt" align=center>Identification No.) </P>
</TD><TD valign=top width=167.2><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=top width=256.8><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=105.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=167.2><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=top width=256.8><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=105.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=167.2><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=top width=256.8><P style="margin:0pt" align=center>Suite 628</P>
<P style="margin:0pt" align=center>138 4<SUP>th</SUP> Av., S.E.</P>
<P style="margin:0pt" align=center>Calgary, Alberta</P>
</TD><TD valign=top width=105.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=167.2><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=top width=256.8><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=105.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=167.2><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=top width=362.4 colspan=2><P style="margin:0pt; text-indent:72pt">Canada</P>
</TD><TD valign=top width=167.2><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=top width=362.4 colspan=2><P style="margin:0pt" align=center>T2G 4Z6</P>
</TD><TD valign=top width=167.2><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=top width=362.4 colspan=2><P style="margin:0pt" align=center>(Address of principal executive offices) </P>
</TD><TD valign=top width=167.2><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=top width=362.4 colspan=2><P style="margin:0pt" align=center>(ZIP Code) </P>
</TD><TD valign=top width=167.2><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=top width=529.6 colspan=3><P style="margin:0pt" align=center>Registrant&#146;s telephone number, including area code: (403) 229-2337</P>
</TD></TR>
<TR><TD valign=top width=529.6 colspan=3><P style="font-size:2pt">&nbsp;</P></TD></TR>
</TABLE>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt"><BR></P>
<P style="margin-top:10pt; margin-bottom:0pt">Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>
<P style="margin:0pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-12pt">[ &nbsp;&nbsp;]</P>
<P style="margin:0pt; text-indent:36pt">Written communications pursuant to Rule 425 under the Securities Act</P>
<P style="margin:0pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-12pt">[ &nbsp;&nbsp;]</P>
<P style="margin:0pt; text-indent:36pt">Soliciting material pursuant to Rule 14a-12 under the Exchange Act</P>
<P style="margin:0pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-12pt">[ &nbsp;&nbsp;]</P>
<P style="margin:0pt; text-indent:36pt">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act</P>
<P style="margin:0pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-12pt">[ &nbsp;&nbsp;]</P>
<P style="margin:0pt; text-indent:36pt">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act</P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt"><BR></P>
<A NAME="fis_other_events"></A><P style="margin:0pt"><BR>
<BR></P>
<P style="margin:0pt; page-break-before:always"><BR></P>
<P style="margin-top:0pt; margin-bottom:-12pt"><B>ITEM 1.01</B></P>
<P style="margin:0pt; text-indent:72pt"><B>Entry Into a Material Definitive Agreement.</B></P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt" align=justify>MCA Holdings, Inc. (&quot;MCA&quot;) has entered into an exchange agreement (the &quot;Exchange Agreement&quot;) with Jet Global International Investment Group of Hong Kong (&quot;JGIIG&quot;). &nbsp;Under the terms of the Exchange Agreement JGIIG will sell all the stock in its wholly owned subsidiary, Jet Global Energy Limited of Hunan, China (&quot;JGE&quot;), to MCA in exchange for approximately 38,000,000 shares of the common stock of MCA. &nbsp;Upon completion of the proposed transaction, JGE will become a wholly owned subsidiary of MCA.</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt" align=justify>The shares to be issued by MCA will be paid in the following manner:</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-12pt; padding-left:72pt; text-indent:-36pt" align=justify>1.</P>
<P style="margin:0pt; padding-left:72pt" align=justify>At Closing, 19,000,000 shares of MCA common stock will be transferred to JGIIG.</P>
<P style="margin-top:10pt; margin-bottom:-12pt; padding-left:72pt; text-indent:-36pt" align=justify>2.</P>
<P style="margin:0pt; padding-left:72pt" align=justify>One (1) year following completion of JGE's electrical generating facility, MCA shall issue to JGIIG an additional 9,500,000 shares of the common stock of MCA, provided that such shares will not be issued unless JGE has attained gross revenues during the immediately preceding 12 month period of a minimum of $12,000,000 and net income after taxes during the same period of at least $500,000.</P>
<P style="margin-top:10pt; margin-bottom:-12pt; padding-left:72pt; text-indent:-36pt" align=justify>3.</P>
<P style="margin:0pt; padding-left:72pt" align=justify>Two (2) years following JGE's completion of the electrical generating facility, MCA shall issue an additional 9,500,000 shares of common stock provided, however, that at that time JGE shall have attained gross revenues during the immediately preceding 12 month period of $24,000,000 and income after taxes during the same period of a minimum of $2,500,000. &nbsp;</P>
<P style="margin-top:10pt; margin-bottom:-12pt; padding-left:72pt; text-indent:-36pt" align=justify>4.</P>
<P style="margin:0pt; padding-left:72pt" align=justify>In addition to the foregoing, MCA shall have the right to repurchase its shares by returning the JGE shares to JGIIG if JGE is not capable of the generation of electricity on a commercial basis within one (1) year following the closing of the Exchange transaction. &nbsp;</P>
<P style="margin-top:10pt; margin-bottom:-12pt; padding-left:72pt; text-indent:-36pt" align=justify>5.</P>
<P style="margin:0pt; padding-left:72pt" align=justify>Pending delivery of the MCA certificates as described herein, the certificates shall be held by an escrow agent to be appointed by the parties.</P>
<P style="margin-top:10pt; margin-bottom:-12pt; padding-left:72pt; text-indent:-36pt" align=justify>6.</P>
<P style="margin:0pt; padding-left:72pt" align=justify>The obligation to close the transaction under the terms of the Exchange Agreement shall be subject to normal terms and conditions contained in such agreements.</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt" align=justify>JGE has been granted a license by the provincial government to operate an electrical generating facility in the Hunan province. &nbsp;JGE is in the preliminary phase of planning and developing its power plant. &nbsp;The proposed generating facility will be located in the Liuyang International Pharmaceutical Industrial Park (&quot;LIPIP&quot;), which is approximately 35 kilometers east of the City of Changsha. &nbsp;The proposed power generating facility will be a combined cycle gas turbine and it is expected to have a capacity of 90 mega watts. &nbsp;In addition to electric power, the turbine generator will also produce steam, which will be sold to various users at the LIPIP.</P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt">At this time, JGE has not generated any electric power and it has not received any revenues from the sale of electric power. &nbsp;In the event the acquisition is completed, it is anticipated that MCA will adopt and continue to implement JGE's business plan to operate a power generating facility. &nbsp;In addition, the Company will seek to acquire other electrical generating facilities in China, although MCA may not be successful in implementing this plan.</P>
<P style="margin:0pt"><BR></P>
<A NAME="fis_financial_statements_and_exhibits"></A><P style="margin-top:0pt; margin-bottom:-12pt"><B>Item 9.01</B></P>
<P style="margin:0pt; text-indent:72pt"><B>Financial Statements and Exhibits.</B></P>
<P style="margin:0pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-12pt; padding-left:36pt; text-indent:36pt"><B>Exhibit 10.1</B></P>
<P style="margin:0pt; padding-left:36pt; text-indent:108pt"><B>Exchange Agreement.</B></P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt"><BR>
<BR></P>
<P style="margin:0pt" align=center>2</P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt; page-break-before:always"><BR></P>
<A NAME="fis_unidentified_table_2"></A><A NAME="fis_signatures"></A><P style="margin:0pt" align=center>SIGNATURES </P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt" align=justify>Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. </P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR><TD width=239.4></TD><TD width=239.4></TD></TR>
<TR><TD valign=top width=319.2><P style="margin:0pt">Date: April 10, 2007</P>
</TD><TD valign=top width=319.2><P style="margin:0pt">MCA HOLDINGS CORPORATION</P>
</TD></TR>
<TR><TD valign=top width=319.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=319.2><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=top width=319.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=319.2><P style="margin:0pt">By: &nbsp;<U>/s/ Wai Leung Cheng</U>_________</P>
</TD></TR>
<TR><TD valign=top width=319.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=319.2><P style="margin:0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wai Leung Cheng, President</P>
</TD></TR>
</TABLE>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt"><BR>
<BR></P>
<P style="margin:0pt" align=center>3</P>
<P style="margin:0pt"><BR></P>
</DIV></BODY>
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8-K  MCA Holdings dated 3/5/2007 enter into LOI(Exchange Agr (A0037362-2).DOC
UNITED STATES
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):
April 10, 2007
MCA HOLDINGS CORPORATION
(Exact name of registrant as specified in its charter)
NEVADA
000-52162
98-0497320
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
Suite 628
138 4
th
Av., S.E.
Calgary, Alberta
Canada
T2G 4Z6
(Address of principal executive offices)
(ZIP Code)
Registrant's telephone number, including area code: (403) 229-2337
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[   ]
Written communications pursuant to Rule 425 under the Securities Act
[   ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
[   ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
[   ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
ITEM 1.01
Entry Into a Material Definitive Agreement.
MCA Holdings, Inc. ("MCA") has entered into an exchange agreement (the "Exchange Agreement") with Jet Global International Investment Group of Hong Kong ("JGIIG").  Under the terms of the Exchange Agreement JGIIG will sell all the stock in its wholly owned subsidiary, Jet Global Energy Limited of Hunan, China ("JGE"), to MCA in exchange for approximately 38,000,000 shares of the common stock of MCA.  Upon completion of the proposed transaction, JGE will become a wholly owned subsidiary of MCA.
The shares to be issued by MCA will be paid in the following manner:
1.
At Closing, 19,000,000 shares of MCA common stock will be transferred to JGIIG.
2.
One (1) year following completion of JGE's electrical generating facility, MCA shall issue to JGIIG an additional 9,500,000 shares of the common stock of MCA, provided that such shares will not be issued unless JGE has attained gross revenues during the immediately preceding 12 month period of a minimum of $12,000,000 and net income after taxes during the same period of at least $500,000.
3.
Two (2) years following JGE's completion of the electrical generating facility, MCA shall issue an additional 9,500,000 shares of common stock provided, however, that at that time JGE shall have attained gross revenues during the immediately preceding 12 month period of $24,000,000 and income after taxes during the same period of a minimum of $2,500,000.
4.
In addition to the foregoing, MCA shall have the right to repurchase its shares by returning the JGE shares to JGIIG if JGE is not capable of the generation of electricity on a commercial basis within one (1) year following the closing of the Exchange transaction.
5.
Pending delivery of the MCA certificates as described herein, the certificates shall be held by an escrow agent to be appointed by the parties.
6.
The obligation to close the transaction under the terms of the Exchange Agreement shall be subject to normal terms and conditions contained in such agreements.
JGE has been granted a license by the provincial government to operate an electrical generating facility in the Hunan province.  JGE is in the preliminary phase of planning and developing its power plant.  The proposed generating facility will be located in the Liuyang International Pharmaceutical Industrial Park ("LIPIP"), which is approximately 35 kilometers east of the City of Changsha.  The proposed power generating facility will be a combined cycle gas turbine and it is expected to have a capacity of 90 mega watts.  In addition to electric power, the turbine generator will also produce steam, which will be sold to various users at the LIPIP.
At this time, JGE has not generated any electric power and it has not received any revenues from the sale of electric power.  In the event the acquisition is completed, it is anticipated that MCA will adopt and continue to implement JGE's business plan to operate a power generating facility.  In addition, the Company will seek to acquire other electrical generating facilities in China, although MCA may not be successful in implementing this plan.
Item 9.01
Financial Statements and Exhibits.
Exhibit 10.1
Exchange Agreement.
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: April 10, 2007
MCA HOLDINGS CORPORATION
By:
/s/ Wai Leung Cheng
_________
Wai Leung Cheng, President
3