UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                    FORM 8-K

                                 CURRENT REPORT
   PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES AND EXCHANGE ACT OF 1934

            Date of Report (Date of earliest reported): July 6, 2006

                    PRIDE BUSINESS DEVELOPMENT HOLDINGS, INC.
               (Exact name of registrant as specified in charter)

             Nevada                 000-32517           20-4381969
(State or Other Jurisdiction of    (Commission        (IRS Employer
 Incorporation or Organization)    File Number)     Identification No.)

                                1230 Calle Suerte
                           Camarillo, California 93012
               (Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: (866) 868-0461

                                   Copies to:
                                 Marc Ross, Esq.
                            Stephen M. Fleming, Esq.
                       Sichenzia Ross Friedman Ference LLP
                           1065 Avenue of the Americas
                            New York, New York 10018
                              Phone: (212) 930-9700
                               Fax: (212) 930-9725

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))

<PAGE>

ITEM 1.01    ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
ITEM 2.03    CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN
             OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT
ITEM 3.02    UNREGISTERED SALES OF EQUITY SECURITIES

      On July 6, 2006, to obtain funding for working capital, Pride Business
Development Holdings, Inc. (the "Company") entered into a securities purchase
agreement (the "Agreement") with an accredited investor (the "Investor") for the
sale of $355,000 8% Secured Convertible Notes (the "Notes"). The Company
received half of the proceeds for the sale of the Notes upon closing and will
receive the remaining half of the proceeds upon filing of the Company's Form
10-Q for the period ended March 31, 2006. In connection with the Agreement, the
Investor received (i) Class A common stock purchase warrants ("Class A
Warrants") exercisable at $1.00 and (ii) Class B common stock purchase warrants
("Class B Warrants") exercisable at $0.85 per share. The Class A and Class B
Warrants are exercisable for a period two years and five years, respectively. In
the event that the stock trades above $1.55 for 30 consecutive days after
effectiveness of the registration statement and the average daily volume exceeds
50,000 shares, the Company can force the Investor to exercise the Class A
Warrants The Company also issued the Investor at closing 858 shares of common
stock for each $1,000 in Notes Purchased (the "Shares") for a total aggregate
amount of 304,590 Shares.

      The Notes bear interest at 8% and mature twelve months from the date of
issuance. Accrued interest will be payable in cash quarterly, beginning on the
3-month anniversary of the closing date. The Company will, however, have the
right to pay interest in shares of common stock; provided, however, that the
Company's right to pay interest in shares of Common Stock on each interest
payment date is subject to the following conditions: (i) the Registration
Statement (as defined below under "Registration Rights") must be effective on
such interest payment date and available for use by the Investors; and (ii) the
number of shares issued will be based on a 15% discount to the daily volume
weighted average price of the common stock (VWAP) for the 10 trading day
immediately preceding (but not including) the applicable interest payment date.
The Notes will be convertible at the option of the holder at any time into
shares of common stock, at an initial conversion price equal to $0.50.

      The full principal amount of the Notes is due upon default under the terms
of Notes. The Notes are secured by all of the assets of the Company, with the
exception of a factoring or account receivable arrangement which the Company is
allowed to enter into. This security interest will be subordinated only to the
12% Bridge Notes issued from August 5, 2005 to January 2006. Investor further
agreed to subordinate his security position to any other Investor that provides
Company with an equity financing in an amount equal to or in excess of
$1,500,000.

      The Company is obligated to file a registration statement registering the
resale of shares of (i) the Common Stock issuable upon conversion of the Notes,
(ii) the Common Stock issuable upon exercise of the Warrants, and (iii) the
Common Stock issued to the Investors. If the registration statement is not filed
within 150 days from the date of investment, or declared effective within 60
days thereafter (180 days if the registration statement receives a full review
by the SEC), or if the registration is suspended other than as permitted in the
registration rights agreement between the Company and the investors, the Company
is obligated to pay the investors certain fees in the amount of 2% of the total
purchase price of the Notes, per month, and the obligations may be deemed to be
in default.

      As of the date hereof, the Company is obligated on $177,500 face amount of
Notes issued to the Investor. The Notes are a debt obligation arising other than
in the ordinary course of business which constitute a direct financial
obligation of the Company.

      The securities were offered and sold to the Investor in a private
placement transaction made in reliance upon exemptions from registration
pursuant to Section 4(2) under the Securities Act of 1933 and Rule 506
promulgated thereunder. The Investor is an accredited investor as defined in
Rule 501 of Regulation D promulgated under the Securities Act of 1933.

<PAGE>

ITEM 9.01    FINANCIAL STATEMENTS AND EXHIBITS

Exhibit No.       Description
-----------       -----------

4.1               Form of Securities Purchase Agreement

4.2               Form of Subordinated 12% Promissory Note

4.3               Form of Series A Warrant

4.4               Form of Series B Warrant


                                   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 hereunto duly authorized.

                                      PRIDE BUSINESS DEVELOPMENT HOLDINGS, INC.

Date: July 12, 2006                   By:/s/Ari Markow
                                      Name: Ari Markow
                                      Title: President
{"company-data": {"conformed-name": "PRIDE BUSINESS DEVELOPMENT HOLDINGS, INC.", "cik": "0001137667", "assigned-sic": "5099", "irs-number": "721564356", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-32517", "film-number": "06959158"}, "business-address": {"street1": "15760 VENTURA BLVD.", "street2": "SUITE 1020", "city": "ENCINO", "state": "CA", "zip": "91436", "phone": "866-868-0461"}, "mail-address": {"street1": "15760 VENTURA BLVD.", "street2": "SUITE 1020", "city": "ENCINO", "state": "CA", "zip": "91436"}, "former-company": [{"former-conformed-name": "MEDSTRETCH INC", "date-changed": "20020215"}, {"former-conformed-name": "DYNAMIC REALITY INC", "date-changed": "20010404"}]}
UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                    FORM 8-K

                                 CURRENT REPORT
   PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES AND EXCHANGE ACT OF 1934

            Date of Report (Date of earliest reported): July 6, 2006

                    PRIDE BUSINESS DEVELOPMENT HOLDINGS, INC.
               (Exact name of registrant as specified in charter)

             Nevada                 000-32517           20-4381969
(State or Other Jurisdiction of    (Commission        (IRS Employer
 Incorporation or Organization)    File Number)     Identification No.)

                                1230 Calle Suerte
                           Camarillo, California 93012
               (Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: (866) 868-0461

                                   Copies to:
                                 Marc Ross, Esq.
                            Stephen M. Fleming, Esq.
                       Sichenzia Ross Friedman Ference LLP
                           1065 Avenue of the Americas
                            New York, New York 10018
                              Phone: (212) 930-9700
                               Fax: (212) 930-9725

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
ITEM 1.01    ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
ITEM 2.03    CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN
             OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT
ITEM 3.02    UNREGISTERED SALES OF EQUITY SECURITIES

      On July 6, 2006, to obtain funding for working capital, Pride Business
Development Holdings, Inc. (the "Company") entered into a securities purchase
agreement (the "Agreement") with an accredited investor (the "Investor") for the
sale of $355,000 8% Secured Convertible Notes (the "Notes"). The Company
received half of the proceeds for the sale of the Notes upon closing and will
receive the remaining half of the proceeds upon filing of the Company's Form
10-Q for the period ended March 31, 2006. In connection with the Agreement, the
Investor received (i) Class A common stock purchase warrants ("Class A
Warrants") exercisable at $1.00 and (ii) Class B common stock purchase warrants
("Class B Warrants") exercisable at $0.85 per share. The Class A and Class B
Warrants are exercisable for a period two years and five years, respectively. In
the event that the stock trades above $1.55 for 30 consecutive days after
effectiveness of the registration statement and the average daily volume exceeds
50,000 shares, the Company can force the Investor to exercise the Class A
Warrants The Company also issued the Investor at closing 858 shares of common
stock for each $1,000 in Notes Purchased (the "Shares") for a total aggregate
amount of 304,590 Shares.

      The Notes bear interest at 8% and mature twelve months from the date of
issuance. Accrued interest will be payable in cash quarterly, beginning on the
3-month anniversary of the closing date. The Company will, however, have the
right to pay interest in shares of common stock; provided, however, that the
Company's right to pay interest in shares of Common Stock on each interest
payment date is subject to the following conditions: (i) the Registration
Statement (as defined below under "Registration Rights") must be effective on
such interest payment date and available for use by the Investors; and (ii) the
number of shares issued will be based on a 15% discount to the daily volume
weighted average price of the common stock (VWAP) for the 10 trading day
immediately preceding (but not including) the applicable interest payment date.
The Notes will be convertible at the option of the holder at any time into
shares of common stock, at an initial conversion price equal to $0.50.

      The full principal amount of the Notes is due upon default under the terms
of Notes. The Notes are secured by all of the assets of the Company, with the
exception of a factoring or account receivable arrangement which the Company is
allowed to enter into. This security interest will be subordinated only to the
12% Bridge Notes issued from August 5, 2005 to January 2006. Investor further
agreed to subordinate his security position to any other Investor that provides
Company with an equity financing in an amount equal to or in excess of
$1,500,000.

      The Company is obligated to file a registration statement registering the
resale of shares of (i) the Common Stock issuable upon conversion of the Notes,
(ii) the Common Stock issuable upon exercise of the Warrants, and (iii) the
Common Stock issued to the Investors. If the registration statement is not filed
within 150 days from the date of investment, or declared effective within 60
days thereafter (180 days if the registration statement receives a full review
by the SEC), or if the registration is suspended other than as permitted in the
registration rights agreement between the Company and the investors, the Company
is obligated to pay the investors certain fees in the amount of 2% of the total
purchase price of the Notes, per month, and the obligations may be deemed to be
in default.

      As of the date hereof, the Company is obligated on $177,500 face amount of
Notes issued to the Investor. The Notes are a debt obligation arising other than
in the ordinary course of business which constitute a direct financial
obligation of the Company.

      The securities were offered and sold to the Investor in a private
placement transaction made in reliance upon exemptions from registration
pursuant to Section 4(2) under the Securities Act of 1933 and Rule 506
promulgated thereunder. The Investor is an accredited investor as defined in
Rule 501 of Regulation D promulgated under the Securities Act of 1933.
ITEM 9.01    FINANCIAL STATEMENTS AND EXHIBITS

Exhibit No.       Description
-----------       -----------

4.1               Form of Securities Purchase Agreement

4.2               Form of Subordinated 12% Promissory Note

4.3               Form of Series A Warrant

4.4               Form of Series B Warrant

                                   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 hereunto duly authorized.

                                      PRIDE BUSINESS DEVELOPMENT HOLDINGS, INC.

Date: July 12, 2006                   By:/s/Ari Markow
                                      Name: Ari Markow
                                      Title: President