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<TITLE>FORM S-8 FILED ON DECEMBER 13, 1999</TITLE>
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<P ALIGN="CENTER">As filed with the Securities and Exchange Commission on December 13, 1999</P>
<P ALIGN="CENTER">Registration No. ____________</P>
<P ALIGN="CENTER">SECURITIES AND EXCHANGE COMMISSION</P>
<P ALIGN="CENTER">WASHINGTON, D.C. 20549</P>
<P ALIGN="CENTER">Form S-8</P>
<P ALIGN="CENTER">REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933</P>
<P ALIGN="CENTER">WASTEMASTERS, INC.</P>
<P ALIGN="CENTER">(Exact Name of Registrant as Specified in Its Charter)</P>
<P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=657>
<TR><TD WIDTH="50%" VALIGN="TOP">
<P ALIGN="CENTER">Maryland</P>
<P ALIGN="CENTER">(State of Incorporation)</TD>
<TD WIDTH="50%" VALIGN="TOP">
<P ALIGN="CENTER">52-1507818</P>
<P ALIGN="CENTER">(IRS Employer ID No.)</TD>
</TR>
</TABLE>
</CENTER></P>

<P ALIGN="CENTER">205 S. Bickford</P>
<P ALIGN="CENTER">EL Reno, Oklahoma 73036</P>
<P ALIGN="CENTER">(405) 262-0800</P>
<P ALIGN="CENTER">(Address and Telephone Number of Principal Executive Offices)</P>
<P ALIGN="CENTER">1999 Employee, Consultant and Advisor Stock Compensation Plan</P>
<P ALIGN="CENTER">(Full title of the plan)</P>
<P ALIGN="CENTER">Douglas Holsted, President</P>
<P ALIGN="CENTER">WasteMasters, Inc.</P>
<P ALIGN="CENTER">205 S. Bickford</P>
<P ALIGN="CENTER">EL Reno, Oklahoma 73036</P>
<P ALIGN="CENTER">Telephone: (405) 262-0800</P>
<P ALIGN="CENTER">(Name and address of agent for service)</P>
<P ALIGN="CENTER">COPIES TO:</P>
<P ALIGN="CENTER">Robert J. Mottern, Esq.</P>
<P ALIGN="CENTER">Mottern, Fisher &amp; Rosenthal, P.C.</P>
<P ALIGN="CENTER">2300 Northlake Centre Drive, Suite 200</P>
<P ALIGN="CENTER">Tucker, Georgia 30084</P>
<P ALIGN="CENTER">Telephone: (770) 496-4565</P>
<P ALIGN="CENTER"><CENTER><TABLE BORDER CELLSPACING=1 CELLPADDING=7 WIDTH=657>
<TR><TD VALIGN="TOP" COLSPAN=5>
<P ALIGN="CENTER">CALCULATION OF REGISTRATION FEE</TD>
</TR>
<TR><TD WIDTH="20%" VALIGN="TOP">
<P ALIGN="CENTER">Title of Securities to be Registered</TD>
<TD WIDTH="20%" VALIGN="TOP">
<P ALIGN="CENTER">Amount to be Registered</TD>
<TD WIDTH="20%" VALIGN="TOP">
<P ALIGN="CENTER">Proposed Maximum Offering Price per Share</TD>
<TD WIDTH="20%" VALIGN="TOP">
<P ALIGN="CENTER">Proposed Maximum Aggregate Offering Price</TD>
<TD WIDTH="20%" VALIGN="TOP">
<P ALIGN="CENTER">Amount of Registration Fee</TD>
</TR>
<TR><TD WIDTH="20%" VALIGN="TOP">
<P ALIGN="CENTER">Common Stock</TD>
<TD WIDTH="20%" VALIGN="TOP">
<P ALIGN="CENTER">20,000,000</TD>
<TD WIDTH="20%" VALIGN="TOP">
<P ALIGN="CENTER">$0.125</TD>
<TD WIDTH="20%" VALIGN="TOP">
<P ALIGN="CENTER">$2,500,000</TD>
<TD WIDTH="20%" VALIGN="TOP">
<P ALIGN="CENTER">$695.00</TD>
</TR>
</TABLE>
</CENTER></P>

<P ALIGN="JUSTIFY">(1) Calculated based on Rule 457 under the Securities Act of 193, as amended, solely for the purposes of calculating the registration fee and based upon the closing bid price of the Common Stock as reported on the National Quotation
Bureau, Inc. pink sheets on December 2, 1999</P>
<P>(2) Pursuant to Rule 416 under the Securities Act of 1933, as amended, this Registration Statement also covers an indeterminate number of shares of common stock to be offered and sold pursuant to the antidilution provisions of the 1999 Employee,
Consultant and Advisor Stock Compensation Plan.</P>
<B><P ALIGN="CENTER">PART II</P>
<P ALIGN="CENTER">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</P>
</B><P>This Registration Statement on Form S-8 is being filed solely to register additional securities. In accordance with General Instruction E of Form S-8, the Company hereby incorporates by reference the contents of the Company's Registration Statement
on Form S-8 (No. 333-72795), originally filed with the Securities and Exchange Commission on February 23, 1999, relating to the 1999 Employee, Consultant and Advisor Stock Compensation Plan except for items that are restated in this Registration Statement.</P>
<B><P>ITEM 3.&#9;Incorporation of Documents by Reference.</P>
</B><P>The following documents are incorporated by reference in this registration statement:</P>
<OL TYPE="a">

<LI>Registrant's Annual Report on Form 10-KSB for the fiscal year ended December 31, 1998, filed pursuant to Section 13(a) of the Securities Exchange Act of 1934, as amended;</LI>
<LI>Registrant's Quarterly Reports on Form 10-QSB for the quarters ended March 31, 1999, June 30, 1999, and September 30, 1999, as amended;</LI>
<LI>all other reports, if any, filed by the Registrant pursuant to Section 13(a) of the Securities Exchange Act of 1934 since the end of the fiscal year ended December 31, 1998.</LI>
<LI>from the date of filing of such documents, all documents filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, as amended, after the date of this Registration Statement and before the filing of
a post-effective amendment to this Registration Statement that indicates that all securities covered by the Registration Statement have been sold or that deregisters all securities covered by the Registration Statement then remaining unsold.</LI></OL>

<B><P>ITEM 5.&#9;Interests of Named Experts and Counsel.</P>
</B><P>Counsel for the Registrant, Mottern, Fisher &amp; Rosenthal, P.C., has rendered an opinion to the effect that the Common Stock offered hereby, if and when issued in accordance with the Plan, will have been validly issued, fully paid, and
nonassessable. Mottern Fisher &amp; Rosenthal, P.C. beneficially owns approximately 225,000 shares of the Registrant's common stock. Mottern, Fisher &amp; Rosenthal, P.C. expects that it may be offered shares registered under this Registration Statement
in payment of the Registrant's obligations to the firm.</P>
<B><P>ITEM 8.&#9;Exhibit.</P></B>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=657>
<TR><TD WIDTH="16%" VALIGN="TOP">
<P><U>Exhibit No.</U></TD>
<TD WIDTH="84%" VALIGN="TOP">
<U><P ALIGN="CENTER">Exhibit</U></TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">
<P ALIGN="CENTER">4.1</TD>
<TD WIDTH="84%" VALIGN="TOP">
<P>WasteMasters, Inc. 1999 Employee, Consultant and Advisor Stock Compensation Plan (incorporated by reference to Exhibit 4.1 to the Registration Statement on Form S-8 of the Registrant filed on February 23, 1999, Registration No. 333-72795).</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">
<P ALIGN="CENTER">4.2</TD>
<TD WIDTH="84%" VALIGN="TOP">
<P>Form of Stock Payment Agreement under 1999 Employee, Consultant and Advisor Stock Compensation Plan (incorporated by reference to Exhibit 4.1 to the Registration Statement on Form S-8 of the Registrant filed on February 23, 1999, Registration No.
333-72795)</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">
<P ALIGN="CENTER">5</TD>
<TD WIDTH="84%" VALIGN="TOP">
<P>Opinion re: Legality</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">
<P ALIGN="CENTER">23.1</TD>
<TD WIDTH="84%" VALIGN="TOP">
<P>Consent of Turner, Jones &amp; Associates, P.C. to the use of its opinion included in the Annual Report of the Registrant on Form 10-KSB for the fiscal year ended December 31, 1998.</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">
<P ALIGN="CENTER">23.2</TD>
<TD WIDTH="84%" VALIGN="TOP">
<P>Consent of Mottern, Fisher &amp; Rosenthal, P.C. to the filing of its opinion with respect to the legality of the securities being registered hereby (included in Exhibit No. 5).</TD>
</TR>
</TABLE>

<B><P ALIGN="CENTER">SIGNATURES</P>
</B><P>Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to be signed
on its behalf by the undersigned, thereunto duly authorized, in the City of EL Reno, State of Oklahoma, on December 13, 1999.</P>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=638>
<TR><TD WIDTH="50%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="50%" VALIGN="TOP">
<P>WASTEMASTERS, INC.</TD>
</TR>
<TR><TD WIDTH="50%" VALIGN="TOP">
<P ALIGN="JUSTIFY">Date: December 13, 1999</TD>
<TD WIDTH="50%" VALIGN="TOP">
<P>/s/ Douglas Holsted</TD>
</TR>
<TR><TD WIDTH="50%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="50%" VALIGN="TOP">
<P>By: Douglas Holsted, President and Secretary</TD>
</TR>
</TABLE>

<P>Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.</P>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=657>
<TR><TD WIDTH="33%" VALIGN="TOP">
<P><U>Signature</U></TD>
<TD WIDTH="41%" VALIGN="TOP">
<U><P>Title</U></TD>
<TD WIDTH="26%" VALIGN="TOP">
<U><P>Date</U></TD>
</TR>
<TR><TD WIDTH="33%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="41%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="26%" VALIGN="TOP">
<P>&nbsp;</TD>
</TR>
<TR><TD WIDTH="33%" VALIGN="TOP">
<U><P>/s/ A. Leon Blaser</P>
</U><P>A. Leon Blaser</TD>
<TD WIDTH="41%" VALIGN="TOP">
<P>Chairman and Chief Executive Officer</TD>
<TD WIDTH="26%" VALIGN="TOP">
<P>December 13, 1999</TD>
</TR>
<TR><TD WIDTH="33%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="41%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="26%" VALIGN="TOP">
<P>&nbsp;</TD>
</TR>
<TR><TD WIDTH="33%" VALIGN="TOP">
<P>/s/ Douglas Holsted</P>
<P>Douglas Holsted</TD>
<TD WIDTH="41%" VALIGN="TOP">
<P>Director, President, co-Chief Financial Officer and Secretary</TD>
<TD WIDTH="26%" VALIGN="TOP">
<P>December 13, 1999</TD>
</TR>
<TR><TD WIDTH="33%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="41%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="26%" VALIGN="TOP">
<P>&nbsp;</TD>
</TR>
<TR><TD WIDTH="33%" VALIGN="TOP">
<P>/s/ Frederick Beisser</P>
<P>Frederick Beisser</TD>
<TD WIDTH="41%" VALIGN="TOP">
<P>Director</TD>
<TD WIDTH="26%" VALIGN="TOP">
<P>December 13, 1999</TD>
</TR>
<TR><TD WIDTH="33%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="41%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="26%" VALIGN="TOP">
<P>&nbsp;</TD>
</TR>
<TR><TD WIDTH="33%" VALIGN="TOP">
<P>/s/ Dennis O'Neill</P>
<P>Dennis O'Neill</TD>
<TD WIDTH="41%" VALIGN="TOP">
<P>Director and Chief Financial Officer</TD>
<TD WIDTH="26%" VALIGN="TOP">
<P>December 13, 1999</TD>
</TR>
</TABLE>

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{"company-data": {"conformed-name": "WASTEMASTERS INC", "cik": "0000748055", "assigned-sic": "5090", "irs-number": "521507818", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-92625", "film-number": "99773491"}, "business-address": {"street1": "205 SOUTH BICKFORD", "street2": "STE 500 EAST", "city": "EL RENO", "state": "OK", "zip": "73036", "phone": "4052620800"}, "mail-address": {"street1": "1117 PERIMETER CENTER WEST", "street2": "STE 500 EAST", "city": "ATLANTA", "state": "GA", "zip": "30338"}, "former-company": {"former-conformed-name": "TOXICOM TECHNOLOGIES INC", "date-changed": "19900208"}}
FORM S-8 FILED ON DECEMBER 13, 1999
As filed with the Securities and Exchange Commission on December 13, 1999
Registration No. ____________
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Form S-8
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
WASTEMASTERS, INC.
(Exact Name of Registrant as Specified in Its Charter)
Maryland
(State of Incorporation)
52-1507818
(IRS Employer ID No.)
205 S. Bickford
EL Reno, Oklahoma 73036
(405) 262-0800
(Address and Telephone Number of Principal Executive Offices)
1999 Employee, Consultant and Advisor Stock Compensation Plan
(Full title of the plan)
Douglas Holsted, President
WasteMasters, Inc.
205 S. Bickford
EL Reno, Oklahoma 73036
Telephone: (405) 262-0800
(Name and address of agent for service)
COPIES TO:
Robert J. Mottern, Esq.
Mottern, Fisher & Rosenthal, P.C.
2300 Northlake Centre Drive, Suite 200
Tucker, Georgia 30084
Telephone: (770) 496-4565
CALCULATION OF REGISTRATION FEE
Title of Securities to be Registered
Amount to be Registered
Proposed Maximum Offering Price per Share
Proposed Maximum Aggregate Offering Price
Amount of Registration Fee
Common Stock
20,000,000
$0.125
$2,500,000
$695.00
(1) Calculated based on Rule 457 under the Securities Act of 193, as amended, solely for the purposes of calculating the registration fee and based upon the closing bid price of the Common Stock as reported on the National Quotation
Bureau, Inc. pink sheets on December 2, 1999
(2) Pursuant to Rule 416 under the Securities Act of 1933, as amended, this Registration Statement also covers an indeterminate number of shares of common stock to be offered and sold pursuant to the antidilution provisions of the 1999 Employee,
Consultant and Advisor Stock Compensation Plan.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
This Registration Statement on Form S-8 is being filed solely to register additional securities. In accordance with General Instruction E of Form S-8, the Company hereby incorporates by reference the contents of the Company's Registration Statement
on Form S-8 (No. 333-72795), originally filed with the Securities and Exchange Commission on February 23, 1999, relating to the 1999 Employee, Consultant and Advisor Stock Compensation Plan except for items that are restated in this Registration Statement.
ITEM 3.	Incorporation of Documents by Reference.
The following documents are incorporated by reference in this registration statement:
Registrant's Annual Report on Form 10-KSB for the fiscal year ended December 31, 1998, filed pursuant to Section 13(a) of the Securities Exchange Act of 1934, as amended;
Registrant's Quarterly Reports on Form 10-QSB for the quarters ended March 31, 1999, June 30, 1999, and September 30, 1999, as amended;
all other reports, if any, filed by the Registrant pursuant to Section 13(a) of the Securities Exchange Act of 1934 since the end of the fiscal year ended December 31, 1998.
from the date of filing of such documents, all documents filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, as amended, after the date of this Registration Statement and before the filing of
a post-effective amendment to this Registration Statement that indicates that all securities covered by the Registration Statement have been sold or that deregisters all securities covered by the Registration Statement then remaining unsold.
ITEM 5.	Interests of Named Experts and Counsel.
Counsel for the Registrant, Mottern, Fisher & Rosenthal, P.C., has rendered an opinion to the effect that the Common Stock offered hereby, if and when issued in accordance with the Plan, will have been validly issued, fully paid, and
nonassessable. Mottern Fisher & Rosenthal, P.C. beneficially owns approximately 225,000 shares of the Registrant's common stock. Mottern, Fisher & Rosenthal, P.C. expects that it may be offered shares registered under this Registration Statement
in payment of the Registrant's obligations to the firm.
ITEM 8.	Exhibit.
Exhibit No.
Exhibit
4.1
WasteMasters, Inc. 1999 Employee, Consultant and Advisor Stock Compensation Plan (incorporated by reference to Exhibit 4.1 to the Registration Statement on Form S-8 of the Registrant filed on February 23, 1999, Registration No. 333-72795).
4.2
Form of Stock Payment Agreement under 1999 Employee, Consultant and Advisor Stock Compensation Plan (incorporated by reference to Exhibit 4.1 to the Registration Statement on Form S-8 of the Registrant filed on February 23, 1999, Registration No.
333-72795)
5
Opinion re: Legality
23.1
Consent of Turner, Jones & Associates, P.C. to the use of its opinion included in the Annual Report of the Registrant on Form 10-KSB for the fiscal year ended December 31, 1998.
23.2
Consent of Mottern, Fisher & Rosenthal, P.C. to the filing of its opinion with respect to the legality of the securities being registered hereby (included in Exhibit No. 5).
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to be signed
on its behalf by the undersigned, thereunto duly authorized, in the City of EL Reno, State of Oklahoma, on December 13, 1999.
WASTEMASTERS, INC.
Date: December 13, 1999
/s/ Douglas Holsted
By: Douglas Holsted, President and Secretary
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.
Signature
Title
Date
/s/ A. Leon Blaser
A. Leon Blaser
Chairman and Chief Executive Officer
December 13, 1999
/s/ Douglas Holsted
Douglas Holsted
Director, President, co-Chief Financial Officer and Secretary
December 13, 1999
/s/ Frederick Beisser
Frederick Beisser
Director
December 13, 1999
/s/ Dennis O'Neill
Dennis O'Neill
Director and Chief Financial Officer
December 13, 1999