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<p ALIGN="CENTER"><font FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE="4"><b>UNITED STATES<br>
SECURITIES AND EXCHANGE COMMISSION<br>
</b></font></p>

<p ALIGN="CENTER"><b><font FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE="3">Washington, D.C.
20549<br>
</font></b></p>

<p ALIGN="CENTER"><font SIZE="4" FACE="Times New Roman, Times, Serif">___________________<br>
<br>
<b>FORM 8-K</b><br>
___________________</font></p>

<p align="center"><font size="3"><b>CURRENT REPORT</b> </font></p>

<p align="center"><font size="2"><b>Pursuant to Section&nbsp;13 or 15(d) of the Securities
Exchange Act of 1934</b> </font></p>

<p align="center"><font size="2"><b>Date of report (date of earliest event reported):
March 2, 2005</b> </font></p>

<p ALIGN="CENTER"><font face="TIMES NEW ROMAN, TIMES, SERIF" size="5"><b>&nbsp;<br>
INTERNATIONAL AMERICAN TECHNOLOGIES, INC.<br>
</b></font><font FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE="2">(Exact Name of Registrant
as Specified in its Charter)</font></p>

<p ALIGN="CENTER">Unlimited Coatings Corporation<br>
<font size="2">(Former name or former address, if changed since last report)</font></p>

<p ALIGN="CENTER"><font face="TIMES NEW ROMAN, TIMES, SERIF" size="3">Commission File No.:
0-50912</font></p>

<p ALIGN="CENTER">&nbsp;</p>

<table ALIGN="CENTER" CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%">
  <tr VALIGN="TOP" BGCOLOR="#66FFFF">
    <td ALIGN="CENTER" WIDTH="55%"><div STYLE="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"><font
    FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE="2"><u><p><strong>Nevada</strong></u></font></p>
    </div></td>
    <td WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</td>
    <td WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</td>
    <td WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</td>
    <td ALIGN="CENTER" WIDTH="40%" COLSPAN="3"><div STYLE="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"><font
    FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE="2"><u><p><strong>88-0225318</strong></u></font></p>
    </div></td>
  </tr>
  <tr>
    <td ALIGN="CENTER" WIDTH="55%"><font size="1">(State of Incorporation)</font></td>
    <td WIDTH="3%"></td>
    <td WIDTH="3%"></td>
    <td WIDTH="3%"></td>
    <td ALIGN="CENTER" WIDTH="40%" COLSPAN="3"><font size="1">(I.R.S. Employer Identification
    No.)</font></td>
  </tr>
  <tr VALIGN="TOP" BGCOLOR="#66FFFF">
    <td ALIGN="CENTER" WIDTH="55%"><div STYLE="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"><font
    FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE="2"><p>&nbsp;<br>
    </font></p>
    </div></td>
    <td WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</td>
    <td WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</td>
    <td WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</td>
    <td>&nbsp;&nbsp;&nbsp;&nbsp;</td>
    <td>&nbsp;&nbsp;&nbsp;&nbsp;</td>
    <td>&nbsp;&nbsp;&nbsp;&nbsp;</td>
  </tr>
  <tr>
    <td></td>
  </tr>
  <tr VALIGN="TOP">
    <td ALIGN="CENTER" WIDTH="55%"><div STYLE="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"><font
    FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE="2"><u><p><strong>601 Cien Street, Suite 235,
    Kemah, TX</strong></u></font></p>
    </div></td>
    <td WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</td>
    <td WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</td>
    <td WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</td>
    <td ALIGN="CENTER" WIDTH="40%" COLSPAN="3"><div STYLE="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"><font
    FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE="2"><u><p><strong>77565-3077</strong></u></font></p>
    </div></td>
  </tr>
  <tr VALIGN="TOP" BGCOLOR="#66FFFF">
    <td ALIGN="CENTER" WIDTH="55%"><div STYLE="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"><p><font
    size="1">(Address Of Principal Executive Offices)</font></p>
    </div></td>
    <td WIDTH="3%"><font size="1">&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="3%"><font size="1">&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="3%"><font size="1">&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td ALIGN="CENTER" WIDTH="40%" COLSPAN="3"><div STYLE="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"><p><font
    size="1">(ZIP Code)</font></p>
    </div></td>
  </tr>
</table>

<p ALIGN="CENTER">&nbsp;</p>

<p ALIGN="CENTER">&nbsp;</p>

<p ALIGN="CENTER"><font FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE="2">REGISTRANT'S
TELEPHONE NUMBER, INCLUDING AREA CODE: (281) 334-9479<br>
</font></p>

<p ALIGN="CENTER">&nbsp;</p>

<p>&nbsp;<br>
</p>

<hr>

<p align="center">&nbsp;</p>

<p align="center">&nbsp;</p>

<p align="center">&nbsp;</p>
<div align="center"><center>

<table cellSpacing="0" cellPadding="0" width="100%" border="0" height="0%">
  <tr>
    <td width="100%" height="24" colspan="9"><p align="center"><font size="3"><u><a name="toc">TABLE
    OF CONTENTS</a></u></font></td>
  </tr>
  <tr>
    <td width="3%" height="24"></td>
    <td width="3%" height="24"></td>
    <td width="3%" height="24"></td>
    <td width="3%" height="24"></td>
    <td width="3%" height="24"></td>
    <td width="3%" height="24"></td>
    <td width="3%" height="24"></td>
    <td width="3%" height="24"></td>
    <td width="76%" height="24"></td>
  </tr>
  <tr>
    <td height="24"></td>
    <td colSpan="8" height="24"><a
    href="#ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT"><font size="2">ITEM 1.01
    ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT</font></a></td>
  </tr>
  <tr>
    <td height="24"></td>
    <td colSpan="8" height="24"><a
    href="#ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS"><font
    size="2">ITEM 5.02 ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS</font></a></td>
  </tr>
  <tr>
    <td height="24"></td>
    <td colSpan="8" height="24"><a
    href="#ITEM 5.03 AMENDMENT TO REGISTRANT'S ARTICLES OF INCORPORATION"><font size="2">ITEM
    5.03&nbsp; AMENDMENT TO REGISTRANT'S ARTICLES OF INCORPORATION</font></a></td>
  </tr>
  <tr>
    <td height="24"></td>
    <td colSpan="8" height="24"><a href="#ITEM 8.01 OTHER EVENTS"><font size="2">ITEM 8.01
    OTHER EVENTS</font></a></td>
  </tr>
  <tr>
    <td height="24"></td>
    <td colSpan="8" height="24"><a href="#ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS"><font
    size="2">ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS</font></a></td>
  </tr>
</table>
</center></div>

<p><br clear="all" style="page-break-before:always; mso-break-type:section-break">
</p>
<div>

<p align="justify"><font size="2"><strong><a
name="ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT">ITEM 1.01 ENTRY INTO A
MATERIAL DEFINITIVE AGREEMENT</a> </strong></font><font size="1"><a href="#toc">Back to
Table of Contents</a></font></p>

<p align="justify"><font size="2">On February 28, 2005, the Registrant entered into a
Stock Purchase Agreement (the &quot;Agreement&quot;) to acquire 51,000 shares representing
51% of the capital stock of Hammonds Technical Services, Inc., a privately owned Texas
corporation (&quot;Hammonds&quot;) in consideration for the Registrant or its parent,
American International Industries, Inc., providing: (i) $1,000,000 in cash to Hammonds for
working capital; (ii) a secured revolving long-term line of credit in the amount of
$2,000,000; and (iii) the parent, American International Industries, Inc., shall issue
145,000 restricted shares of common stock to the Registrant in consideration for a
$1,450,000 promissory note. These shares will be exchanged for two minority equity
interests in Hammonds owned by third parties, which minority interest will be canceled.
Pursuant to the Agreement, which will be effective April 2, 2005, Hammonds will become a
subsidiary of the Registrant.</font></p>

<p align="justify"><u><font size="2">Business of Hammonds Technical Services, Inc.</font></u></p>

<p align="justify"><font size="2">Hammonds was founded in 1982 and provides the following
diverse products and services: </font></p>

<p align="justify"><font size="2"><u>Water and Treatment for Municipal and Industrial Use</u>.
The production and treatment of municipal and industrial water is a growing industry in
the U.S., as the demand for clean, safe water grows. Hammonds' proprietary solid
disinfection technology provides a major alternative to gaseous chlorine used in every
phase of water treatment. Hammonds' believes that the areas of municipal drinking water,
food processing and industrial waste treatment present a significant growth potential for
Hammonds' water treatment patents. Hammonds will distribute 1.2 million pounds of calcium
hypochlorite for municipal disinfection through its network of equipment distributors and
food processing customers in 2005. </font></p>

<p align="justify"><font size="2"><u>Fuel Handling Equipment, Industrial Utility Vehicles</u>.
Hammonds designs and manufactures fluid handling equipment for industrial utility vehicles
and its fluid powered additive systems permits use of a single battlefield fuel by
supplying both distribution and tactical additive injectors to all branches of the United
States military. Hammonds intends to continue to provide military additive injection
systems through sole source supply of equipment for long-term contracts for their fuel
handling technology. </font></p>

<p align="justify"><font size="2"><u>Additive Injection Fuels for General and Commercial
Aviation Fuels</u>. Hammonds believes that its truck mounted injectors are the technology
of choice for major U.S. marketers of jet fuel in providing custom blending at the end of
the hose for not only jet fuel, but a wide range of products including diesel, LPGN
(propane), home heating oil, and bio-diesel. In January, 2005, Hammonds began a long-term
program to install dye injection systems in over eight hundred Canadian and U.S.
stationary and truck mounted diesel delivery installations. In addition to equipment,
Hammonds fuel additive division produces and markets motor and aviation fuel additives
with Biobor (R) JF as its primary product serving the aviation, stand-by power and marine
fuel markets. While Biobor(R)JF is one of only two biocides approved for use in aviation
fuels; it has also been tested and approved as a preservative for manufactured wood
products such as engineered trusses, windows and sheet building materials. The expanding
use of these manufactured wood products should provide a new expanded market for Biobor(R)
JF since products such as arsenic have been removed from the list of approved wood
preservatives. </font></p>

<p align="justify"><font size="2"><u>Multi Design Patents.</u> Hammonds will begin
production in March, 2005 of an entirely new class of industrial utility vehicles called
the &quot;Omni Directional Vehicle.&quot; Hammonds believes that this new design patent
will establish a new standard for utility vehicle safety and performance. Forklifts,
freight terminal tractors, security vehicles, industrial highway mowers and a full range
of aviation ground handling vehicles can be enhanced from this patented design. In
addition to producing several &quot;ODV&quot; products at its new plant in Conroe, Texas,
Hammonds will enter into license agreements with several major manufacturers to produce a
range of vehicles based on &quot;ODV&quot; patents. &quot;Innovation, Pure and
Simple&quot; is a registered trademark of Hammonds Technical Services Inc.&nbsp; Hammonds
is currently negotiating for licensing agreements with major manufacturers of these
products. </font></p>

<p align="justify"><strong><font size="2"><a
name="ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS">ITEM
5.02 ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS</a> </font></strong><font
size="1"><a href="#toc">Back to Table of Contents</a></font></p>

<p align="justify"><font size="2">In February 2005, Gary D. Woerz, the Registrant's
president and chief financial officer since June 2002, was appointed to the Registrant's
board of directors.Mr. Woerz has served as chief financial officer of American
International Industries, Inc., the Registrant's parent since October 23, 2003 and served
as its assistant chief financial officer from April 2003 until October 23, 2003. </font><font
face="Times New Roman" size="2">From 2000 to 2002, Mr. Woerz served as Chief Financial
Officer of Phymetrics, Inc., which was a subsidiary of High Voltage Engineering, (HVE).
Phymetrics was a multi-divisional manufacturing and laboratory service company. From 1998
to 2000, Mr. Woerz served as Chief Financial Officer of Virtual Founders LLC, San Jose,
CA, whose business involved investment banking and management consulting services to
development stage high technology companies. </font></p>

<p align="justify"><font size="2">In connection with the Stock Purchase Agreement dated
February 28, 2005, to be effective on April 2, 2005, Mr. Carl Hammonds will be appointed
the the Registrant's board of directors. During the past five years, Mr. Carl Hammonds has
served as president and chief executive officer of Hammonds.</font></p>

<p align="justify"><strong><font size="2"><a
name="ITEM 5.03 AMENDMENT TO REGISTRANT'S ARTICLES OF INCORPORATION">ITEM 5.03 AMENDMENT
TO REGISTRANT'S ARTICLES OF INCORPORATION</a> </font></strong><font size="1"><a
href="#toc">Back to Table of Contents</a></font></p>

<p align="justify"><font size="2">In connection with the Agreement, the Registrant has
changed its name to International American Technologies, Inc. A copy of the Certificate of
Amendment to the Registrant's Articles of Incorporation is filed as exhibit 3(i)1 to this
Form 8-K.</font></p>

<p align="justify"><strong><font size="2"><a name="ITEM 8.01 OTHER EVENTS">ITEM 8.01 OTHER
EVENTS</a> </font></strong><font size="1"><a href="#toc">Back to Table of Contents</a></font></p>

<p align="justify"><font size="2">On March 2, 2005, the Registrant issued a press release
announcing that it will acquire a 51% equity interest in Hammonds Technical Services, Inc.
A copy of the press release is filed as exhibit 99.1 to this Form 8-K.</font></p>

<p align="justify"><font size="2"><a name="ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS"><strong>ITEM
9.01 FINANCIAL STATEMENTS AND EXHIBITS</strong> </a></font><font size="1"><a href="#toc">Back
to Table of Contents</a></font></p>

<p align="justify"><font size="2">(a) The Registrant will file an amendment to this Form
8-K containing full disclosure of the Registrant's subsidiary's business together with
audited financial statements for the fiscal years ended 2004 and 2003 within 60 days from
the date of this report.</font></p>

<p align="justify"><font size="2">(b) The following documents are filed as exhibits to
this current report on Form 8-K or incorporated by reference herein. Any document
incorporated by reference is identified by a parenthetical reference to the SEC filing
that included such document.</font></p>

<table border="0" cellpadding="0" cellspacing="0" width="100%" height="1">
  <tr>
    <td width="13%" bgcolor="#00FFFF" height="0"><font size="1"><strong><u>Exhibit Number</u></strong></font></td>
    <td width="2%" bgcolor="#00FFFF" height="0"></td>
    <td width="85%" bgcolor="#00FFFF" height="0"><font size="1"><strong><u>Description</u></strong></font></td>
  </tr>
  <tr>
    <td width="13%" height="0"><font face="Times New Roman" size="2">3(i)1</font></td>
    <td width="2%" height="0"></td>
    <td width="85%" height="0"><font face="Times New Roman" size="2">Certificate of Amendment
    to the Articles of Incorpation, filed herewith.</font></td>
  </tr>
  <tr>
    <td width="13%" height="0"><font face="Times New Roman" size="2">10.1</font></td>
    <td width="2%" height="0"></td>
    <td width="85%" height="0"><font size="2">Stock Purchase Agreement between the Registrant
    and Hammonds Technical Services, Inc.</font><font face="Times New Roman" size="2">, filed
    herewith.</font></td>
  </tr>
  <tr>
    <td width="13%" height="0"><font face="Times New Roman" size="2">99.1</font></td>
    <td width="2%" height="0"></td>
    <td width="85%" height="0"><font face="Times New Roman" size="2">Press release issued by
    the Registrant on March 2, 2005, filed herewith.</font></td>
  </tr>
</table>

<p align="justify">&nbsp;</p>
</div>

<hr NOSHADE SIZE="5">

<p ALIGN="CENTER"><font size="2"><a name="SIGNATURES"><b>SIGNATURES</b></a></font></p>

<p ALIGN="JUSTIFY"><font size="2">Pursuant to the requirements of the Securities Exchange
Act of 1934, this report has been signed below by the following persons on behalf of the
registrant and in the capacities and on the date indicated.</font></p>

<table ALIGN="CENTER" CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%">
  <tr VALIGN="TOP" BGCOLOR="#66FFFF">
    <td ALIGN="LEFT" WIDTH="15%"><font size="2"><u>/s/ Gary D. Woerz</u><br>
    Gary Woerz<br>
    <i>&nbsp;&nbsp;President and CFO<br>
    &nbsp; Date: March 10, 2005</i></font></td>
  </tr>
</table>

<p><br>
</p>

<hr NOSHADE SIZE="5">
</body>
</html>
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{"company-data": {"conformed-name": "International American Technologies, Inc.", "cik": "0001300524", "assigned-sic": "6770", "irs-number": "880225318", "state-of-incorporation": "NV", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-50912", "film-number": "05671803"}, "business-address": {"street1": "601 CIEN STREET, SUITE 235", "city": "KEMAH", "state": "TX", "zip": "77565", "phone": "281-334-9479"}, "mail-address": {"street1": "601 CIEN STREET, SUITE 235", "city": "KEMAH", "state": "TX", "zip": "77565"}, "former-company": {"former-conformed-name": "Unlimited Coatings Corp.", "date-changed": "20040813"}}
uccd
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):
March 2, 2005
INTERNATIONAL AMERICAN TECHNOLOGIES, INC.
(Exact Name of Registrant
as Specified in its Charter)
Unlimited Coatings Corporation
(Former name or former address, if changed since last report)
Commission File No.:
0-50912
Nevada
88-0225318
(State of Incorporation)
(I.R.S. Employer Identification
    No.)
601 Cien Street, Suite 235,
    Kemah, TX
77565-3077
(Address Of Principal Executive Offices)
(ZIP Code)
REGISTRANT'S
TELEPHONE NUMBER, INCLUDING AREA CODE: (281) 334-9479
TABLE
    OF CONTENTS
ITEM 1.01
    ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
ITEM 5.02 ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS
ITEM
    5.03  AMENDMENT TO REGISTRANT'S ARTICLES OF INCORPORATION
ITEM 8.01
    OTHER EVENTS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
ITEM 1.01 ENTRY INTO A
MATERIAL DEFINITIVE AGREEMENT
Back to
Table of Contents
On February 28, 2005, the Registrant entered into a
Stock Purchase Agreement (the "Agreement") to acquire 51,000 shares representing
51% of the capital stock of Hammonds Technical Services, Inc., a privately owned Texas
corporation ("Hammonds") in consideration for the Registrant or its parent,
American International Industries, Inc., providing: (i) $1,000,000 in cash to Hammonds for
working capital; (ii) a secured revolving long-term line of credit in the amount of
$2,000,000; and (iii) the parent, American International Industries, Inc., shall issue
145,000 restricted shares of common stock to the Registrant in consideration for a
$1,450,000 promissory note. These shares will be exchanged for two minority equity
interests in Hammonds owned by third parties, which minority interest will be canceled.
Pursuant to the Agreement, which will be effective April 2, 2005, Hammonds will become a
subsidiary of the Registrant.
Business of Hammonds Technical Services, Inc.
Hammonds was founded in 1982 and provides the following
diverse products and services:
Water and Treatment for Municipal and Industrial Use
.
The production and treatment of municipal and industrial water is a growing industry in
the U.S., as the demand for clean, safe water grows. Hammonds' proprietary solid
disinfection technology provides a major alternative to gaseous chlorine used in every
phase of water treatment. Hammonds' believes that the areas of municipal drinking water,
food processing and industrial waste treatment present a significant growth potential for
Hammonds' water treatment patents. Hammonds will distribute 1.2 million pounds of calcium
hypochlorite for municipal disinfection through its network of equipment distributors and
food processing customers in 2005.
Fuel Handling Equipment, Industrial Utility Vehicles
.
Hammonds designs and manufactures fluid handling equipment for industrial utility vehicles
and its fluid powered additive systems permits use of a single battlefield fuel by
supplying both distribution and tactical additive injectors to all branches of the United
States military. Hammonds intends to continue to provide military additive injection
systems through sole source supply of equipment for long-term contracts for their fuel
handling technology.
Additive Injection Fuels for General and Commercial
Aviation Fuels
. Hammonds believes that its truck mounted injectors are the technology
of choice for major U.S. marketers of jet fuel in providing custom blending at the end of
the hose for not only jet fuel, but a wide range of products including diesel, LPGN
(propane), home heating oil, and bio-diesel. In January, 2005, Hammonds began a long-term
program to install dye injection systems in over eight hundred Canadian and U.S.
stationary and truck mounted diesel delivery installations. In addition to equipment,
Hammonds fuel additive division produces and markets motor and aviation fuel additives
with Biobor (R) JF as its primary product serving the aviation, stand-by power and marine
fuel markets. While Biobor(R)JF is one of only two biocides approved for use in aviation
fuels; it has also been tested and approved as a preservative for manufactured wood
products such as engineered trusses, windows and sheet building materials. The expanding
use of these manufactured wood products should provide a new expanded market for Biobor(R)
JF since products such as arsenic have been removed from the list of approved wood
preservatives.
Multi Design Patents.
Hammonds will begin
production in March, 2005 of an entirely new class of industrial utility vehicles called
the "Omni Directional Vehicle." Hammonds believes that this new design patent
will establish a new standard for utility vehicle safety and performance. Forklifts,
freight terminal tractors, security vehicles, industrial highway mowers and a full range
of aviation ground handling vehicles can be enhanced from this patented design. In
addition to producing several "ODV" products at its new plant in Conroe, Texas,
Hammonds will enter into license agreements with several major manufacturers to produce a
range of vehicles based on "ODV" patents. "Innovation, Pure and
Simple" is a registered trademark of Hammonds Technical Services Inc.  Hammonds
is currently negotiating for licensing agreements with major manufacturers of these
products.
ITEM
5.02 ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS
Back to Table of Contents
In February 2005, Gary D. Woerz, the Registrant's
president and chief financial officer since June 2002, was appointed to the Registrant's
board of directors.Mr. Woerz has served as chief financial officer of American
International Industries, Inc., the Registrant's parent since October 23, 2003 and served
as its assistant chief financial officer from April 2003 until October 23, 2003.
From 2000 to 2002, Mr. Woerz served as Chief Financial
Officer of Phymetrics, Inc., which was a subsidiary of High Voltage Engineering, (HVE).
Phymetrics was a multi-divisional manufacturing and laboratory service company. From 1998
to 2000, Mr. Woerz served as Chief Financial Officer of Virtual Founders LLC, San Jose,
CA, whose business involved investment banking and management consulting services to
development stage high technology companies.
In connection with the Stock Purchase Agreement dated
February 28, 2005, to be effective on April 2, 2005, Mr. Carl Hammonds will be appointed
the the Registrant's board of directors. During the past five years, Mr. Carl Hammonds has
served as president and chief executive officer of Hammonds.
ITEM 5.03 AMENDMENT
TO REGISTRANT'S ARTICLES OF INCORPORATION
Back to Table of Contents
In connection with the Agreement, the Registrant has
changed its name to International American Technologies, Inc. A copy of the Certificate of
Amendment to the Registrant's Articles of Incorporation is filed as exhibit 3(i)1 to this
Form 8-K.
ITEM 8.01 OTHER
EVENTS
Back to Table of Contents
On March 2, 2005, the Registrant issued a press release
announcing that it will acquire a 51% equity interest in Hammonds Technical Services, Inc.
A copy of the press release is filed as exhibit 99.1 to this Form 8-K.
ITEM
9.01 FINANCIAL STATEMENTS AND EXHIBITS
Back
to Table of Contents
(a) The Registrant will file an amendment to this Form
8-K containing full disclosure of the Registrant's subsidiary's business together with
audited financial statements for the fiscal years ended 2004 and 2003 within 60 days from
the date of this report.
(b) The following documents are filed as exhibits to
this current report on Form 8-K or incorporated by reference herein. Any document
incorporated by reference is identified by a parenthetical reference to the SEC filing
that included such document.
Exhibit Number
Description
3(i)1
Certificate of Amendment
    to the Articles of Incorpation, filed herewith.
10.1
Stock Purchase Agreement between the Registrant
    and Hammonds Technical Services, Inc.
, filed
    herewith.
99.1
Press release issued by
    the Registrant on March 2, 2005, filed herewith.
SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, this report has been signed below by the following persons on behalf of the
registrant and in the capacities and on the date indicated.
/s/ Gary D. Woerz
Gary Woerz
President and CFO
Date: March 10, 2005