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 18, 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 File Number)   (IRS Employer
Incorporation or Organization)                            Identification No.)
------------------------------- ------------------------ -----------------------

                                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").  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.

      Pursuant to the Agreement,  the Company  entered into following  closings:
(i) on July 6, 2006, the Investor purchased $177,500 in Notes,  received 355,000
Class A Warrants and 355,000  Class B Warrants;  and (ii) on July 18, 2006,  the
Investor  purchased  $177,500 in Notes,  received  355,000  Class A Warrants and
355,000 Class B Warrants.

      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 $355,000 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*


* Previously filed with the Company's  Current Report on Form 8-K, Date of Event
July 6, 2006, and incorporated herein by reference.


                                   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 20, 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": "06973584"}, "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 18, 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 File Number)   (IRS Employer
Incorporation or Organization)                            Identification No.)
------------------------------- ------------------------ -----------------------

                                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").  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.

      Pursuant to the Agreement,  the Company  entered into following  closings:
(i) on July 6, 2006, the Investor purchased $177,500 in Notes,  received 355,000
Class A Warrants and 355,000  Class B Warrants;  and (ii) on July 18, 2006,  the
Investor  purchased  $177,500 in Notes,  received  355,000  Class A Warrants and
355,000 Class B Warrants.

      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 $355,000 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*

* Previously filed with the Company's  Current Report on Form 8-K, Date of Event
July 6, 2006, and incorporated herein by reference.

                                   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 20, 2006                   By:/s/Ari Markow
                                      ------------------------
                                      Name: Ari Markow
                                      Title: President