SECURITIES AND EXCHANGE COMMISION

                             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): January 12, 2002


                      International Mercantile Corporation
               (Exact name of Registrant as specified in charter)




    Missouri                         000-07693                  43-0970243
------------------              -------------------         ------------------
(State or other                 (Commission file             (I.R.S. Employer
jurisdiction of                       number)                 Identification
incorporation)                                                Number)



             65 LaGrande Avenue, Berkeley Heights, New Jersey 07922
             ------------------------------------------------------
               (Address of principal executive offices) (Zip code)


       Registrant's telephone number, including area code: 1-888-766-6909
                                                           --------------



                   Post Office Box 340, Olney, Maryland 20830
          -------------------------------------------------------------
          (Former name or former address, if changed since last report)



                                Page 1 of 2 Pages




<PAGE>



Item 2. Acquisition or Disposition of Assets.
        -------------------------------------

     Pursuant to an Agreement and Plan of Exchange  (which is attached hereto as
an Exhibit),  dated January 12, 2002 and effective January 12, 2002,  Registrant
exchanged 20,511,365 shares of its Class A Common Stock for 20,511,365 shares of
the common stock of Solutions Technology,  Inc. ("STI"). Following the exchange,
Registrant owned all of the issued and outstanding  shares of STI and STI became
a wholly owned  subsidiary of Registrant.  Pursuant to the Agreement and Plan of
Exchange,  on the  effective  date,  the Board of  Directors  of the  Registrant
resigned and was replaced with the Board of Directors of STI.


Item 7. Financial Statements and Exhibits.
        ----------------------------------

        a.   Financial Statements of Businesses Acquired.

             None

        b.   Pro Forma Financial Information.

             None

        c.   Exhibits.

             Exhibit 2.1: Agreement and Plan of Exchange


                                   Signatures
                                   ----------

     Pursuant to 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.



Dated:  January 25, 2002                    International Mercantile Corporation
                                            (Registrant)



                                            /s/ James M. Farinella
                                            ------------------------------------
                                                James M. Farinella / President






                                Page 2 of 2 Pages
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{"company-data": {"conformed-name": "INTERNATIONAL MERCANTILE CORP", "cik": "0000051387", "assigned-sic": "3571", "irs-number": "430970243", "state-of-incorporation": "MO", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-07693", "film-number": "02517612"}, "business-address": {"street1": "PO BOX 340", "city": "OLNEY", "state": "MD", "zip": "20830", "phone": "3017746913"}, "mail-address": {"street1": "PO BOX 340", "street2": "STE", "city": "OLNEY", "state": "MD", "zip": "20830"}}
SECURITIES AND EXCHANGE COMMISION

                             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): January 12, 2002

                      International Mercantile Corporation
               (Exact name of Registrant as specified in charter)

    Missouri                         000-07693                  43-0970243
------------------              -------------------         ------------------
(State or other                 (Commission file             (I.R.S. Employer
jurisdiction of                       number)                 Identification
incorporation)                                                Number)

             65 LaGrande Avenue, Berkeley Heights, New Jersey 07922
             ------------------------------------------------------
               (Address of principal executive offices) (Zip code)

       Registrant's telephone number, including area code: 1-888-766-6909
                                                           --------------

                   Post Office Box 340, Olney, Maryland 20830
          -------------------------------------------------------------
          (Former name or former address, if changed since last report)

                                Page 1 of 2 Pages
Item 2. Acquisition or Disposition of Assets.
        -------------------------------------

     Pursuant to an Agreement and Plan of Exchange  (which is attached hereto as
an Exhibit),  dated January 12, 2002 and effective January 12, 2002,  Registrant
exchanged 20,511,365 shares of its Class A Common Stock for 20,511,365 shares of
the common stock of Solutions Technology,  Inc. ("STI"). Following the exchange,
Registrant owned all of the issued and outstanding  shares of STI and STI became
a wholly owned  subsidiary of Registrant.  Pursuant to the Agreement and Plan of
Exchange,  on the  effective  date,  the Board of  Directors  of the  Registrant
resigned and was replaced with the Board of Directors of STI.

Item 7. Financial Statements and Exhibits.
        ----------------------------------

        a.   Financial Statements of Businesses Acquired.

             None

        b.   Pro Forma Financial Information.

             None

        c.   Exhibits.

             Exhibit 2.1: Agreement and Plan of Exchange

                                   Signatures
                                   ----------

     Pursuant to 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.

Dated:  January 25, 2002                    International Mercantile Corporation
                                            (Registrant)

                                            /s/ James M. Farinella
                                            ------------------------------------
                                                James M. Farinella / President

                                Page 2 of 2 Pages