8-K

 1

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               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
                       November 12, 1999


              PHOENIX RESOURCES TECHNOLOGIES, INC.
     (Exact name of registrant as specified in its charter)

                             NEVADA
         (State or other jurisdiction of incorporation)

000-19708                          84-1034982
(Commission File No.)              (IRS Employer ID)

                    15945 Quality Trail North
                    Scandia, Minnesota 55073
     (Address of principal executive offices and Zip Code)

                         (651) 433-5735
      (Registrant's telephone number, including area code)


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ITEM 1.  Change in Control

     On October 27, 1999, the Company issued 9,000,000 shares of
common stock in the name of Milton Price, Attorney at Law, as
Escrow Agent pending receipt of $300,000 from certain purchasers.
The $300,000 is to be paid as follows: $100,000 on December 6,
1999 and $200,000 on or before April 1, 2000.  Said shares will
be released on a prorated basis as full or partial payments are
received, however, in no event will more than 2,000,000 shares be
released until payment is made in full.  The foregoing shares
were issued in contemplation of the execution of a Stock
Acquisition Agreement which was subsequently executed on October
29, 1999 by the Company and Ben Traub as agent for the
purchasers.  The 9,000,000 shares of common stock represents
97.09% of the total issued shares of the Company (9,270,000
shares) after the issuance.  Mr. Traub's address is 240 - 11948
207th Street, Maple Ridge, British Columbia, Canada V2X 1X7.

     The name of each beneficial owner, his address, the amount
and nature of beneficial ownership, and the percentage of shares
of common stock owned after the issuance of said 9,000,000 shares
is set forth below:
                                             Percent of
Name                          Shares         Ownership

Wealthy Investor Network Inc  7,290,000      78.64%
240-11948 207th Street
Maple Ridge, BC
Canada  V2X 1X7

Norma Jean Bone                 250,000       2.70%
7448 14th Avenue
Burnaby, BC
Canada  V3N 1Z9

Judy Traub                      250,000       2.70%
1900 Alder Road
Quesnel, BC
Canada V2J 3T3

Sean Traub                      100,000       1.08%
1900 Alder Road
Quesnel, BC
Canada V2J 3T3

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Darren Traub                    100,000       1.08%
1900 Alder Road
Quesnel, BC/
Canada V2J 3T3

Cliff Traub                     100,000       1.08%
1900 Alder Road
Quesnel, BC
Canada V2J 3T3

Pritpaul Singh Sidhu            100,000       1.08%
6861 128th Street
Surrey, BC
V3W-4E1

Vercelli Holdings, S.A          400,000       4.31%
PO Box 61
Churchill Building
Front Street
Grand Turk
Turks & Caicos Islands

Raven Capital Corp.             200,000       2.16%
101 East Hill Place
Market St. North
PO Box N-10850
Nassau, Bahamas

Robert Seitz                     25,000       0.27%
3859 Toronto St.
Pt. Coquitlam
Canada  V3B 7J6

Judee Fayle                      25,000       0.27%
11224 River Road
Surrey, BC
Canada  V3V 2V5

Brian Bisset                      5,000       0.05%
400-601 W. Broadway
Vancouver, BC
Canada  V5Z 4C2

 4

Ron Willoughby                  150,000       1.62%
28   4649 Hubalta Rd. S.E.
Calgary, AB
Canada  T2B 2P4

Lea Rawlings                      5,000       0.05%
215   4940  Fraser St.
Vancouver, BC
Canada  V5W 4B6

     Total                    9,000,000      97.09%

     The entire board of directors of the Company resigned and a
new board of directors was appointed to replace the same.  The
foregoing resignations were conditions to the terms of the Stock
Acquisition Agreement.


ITEM 5.  Other Events.

     On October 30, 1999, the existing board of directors,
consisting of William C. Nichols, Paula Nichols and Robert Eckman
resigned and Ben Traub, Robert Seitz, and Judee Fayle were
appointed to replace them.  The foregoing resignations were not
as a result of any disagreement with the Company on any matter
relating to the Company's operations, policies or practices.


ITEM 7.  Financial Statements and Exhibits

     99.1 Stock Acquisition Agreement

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                           SIGNATURE

     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.

     Dated this 12th day of November, 1999.

                         PHOENIX RESOURCES TECHNOLOGIES, INC.



                         BY:  /s/ Ben Traub
                              Ben Traub, President



                         BY:  /s/ Judee Fayle
                              Judee Fayle, Chief Financial
                              Officer

EX-99

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EXHIBIT 99.1

                    STOCK ACQUISITION AGREEMENT

          AGREEMENT dated October 29, 1999, between Ben Traub, as agent
for certain principals, whose names and addresses are attached hereto
as "Exhibit A"  (hereinafter collectively referred to as the "Buyer")
and Phoenix Resources Technologies, Inc., a Nevada corporation
(hereinafter the "Company").

          This Agreement sets forth the terms and conditions upon which
the Company is today selling to the Buyer, and the Buyer is today
purchasing from the Company 9,000,000 post reverse split "restricted"
shares of common stock (the "Shares"), $0.001 par value per share, when
issued will represent approximately 95.7% of the issued and outstanding
shares of capital stock of the Company.
          In consideration of the mutual agreement contained herein,
the parties hereby agree as follows:

     I.  SALES OF THE SHARES.

          1.01 Shares being Sold.  Subject to the terms and conditions
of this Agreement, the Company is selling and delivering the Shares to
the Buyer at the closing provided for in Section 1.03 hereof (the
"Closing"), free and clear of all liens, charges, or encumbrances of
whatsoever nature.

          1.02  Consideration.  At the Closing, the Buyer is delivering
to the Company US$300,000 which will be wire transferred to the account
of Milton Price, attorney at law as escrow agent.

          1.03 Closing.  The Closing of the transactions provided for
in this Agreement is taking place upon satisfaction of terms set forth
in paragraph 1.04.

          1.04  Escrow.  The Buyer will deliver to Milton Price,
attorney at law, as escrow agent, ("Escrow Agent") the sum of
US$300,000 as follows: US$100,000 on December 6, 1999 and the balance
of $200,000 on or before April 1, 2000.  Upon execution of this
agreement, the 9,000,000 shares of common stock will be issued and held
by Milton Price, Attorney at Law, as Escrow Agent pending receipt of
$300,000.  Said shares will be released on a prorated basis as full or
partial payments are received.  In no event will more than 2,000,000
shares be released until payment is made in full.

          1.05  Reverse Stock Split.  Prior to Closing, the Company has
cause the issued and outstanding shares of the Company's common stock
to be reverse-split on that basis on 1 for 100.  All shares to be
issued to the Buyer will be on a post reverse-split basis.
                     II.  RELATED TRANSACTIONS.

          2.01  Finder.  There are no finders with respect to the
transaction contemplated herein with the exception of Conrad Lysiak who
has been paid a fee of $15,000.


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        III.  REPRESENTATIONS AND WARRANTIES BY THE COMPANY.

          The Company hereby jointly and severally represent and
warrant as follows:

          3.01      Organization, Capitalization, etc.

               (a)  The Company is a corporation duly organized,
     validly existing, and in good standing under the laws of the state
     of Nevada, and is qualified to transact business in no other
     state.

               (b)  The authorized capital stock of the Company
     consists of 100,000,000 shares, $0.001 par value per share,
     27,000,000 pre-split shares of which are validly issued and
     outstanding, fully paid and nonassessable.  All of the shares
     owned by the Company are owned free and clear of any liens,
     claims, options, charges, restrictions, or encumbrances of
     whatsoever nature.  The Company have the unqualified right to
     sell, assign, and deliver the Shares, and, upon consummation of
     the transactions contemplated by this Agreement, the Buyer will
     acquire good and valid title to the Shares, free and clear of all
     liens, claims, options, charges, restrictions, and encumbrances of
     whatsoever nature.  The Shares being acquired by the Buyers from
     the Company are "restricted securities" as that term is defined in
     Rule 144 of the Securities Act of 1933 (the "Act") and will
     contain an appropriate legend as to the foregoing. There are no
     outstanding options or other agreements of any nature whatsoever
     relating to the issuance by the Company of any shares of its
     capital stock.

               (c)  The Company has the corporate power and authority
     to carry on its business as presently conducted.

          3.02 No Violation.  Neither the execution and delivery of
this Agreement nor the consummation of the transactions contemplated
hereby will constitute a violation or default under any term or
provision of the Certificate of Incorporation or Bylaws of the Company,
or of any contract, commitment, indenture, other agreement or
restriction of any kind or character to which the Company or any of the
Company is a party or by which the Company or any of the Company is
bound.

          3.03 Financial Statement.  The Company have delivered to the
Buyer all financial statements (audited and unaudited) that have been
filed with the United States Securities and Exchange Commission.

          3.04 Tax Returns.  The Company has duly filed all tax reports
and returns required to be filed by it and has fully paid all taxes and
other charges claimed to be due from it by federal, state, or local
taxing authorities (including without limitation those due in respect
of its properties, income, franchises, licenses, sales, and
payrolls);there are no liens upon any of the Company's property or
assets; there are not now any pending questions relating to, or claims
asserted for, taxes or assessments asserted against the Company.


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          3.05 Title to Properties; Encumbrances.  The Company owns no
property, either real or personal.

          3.06 Accounts Receivable.  The Company owns no accounts
receivable.

          3.07 Liabilities.  The Company has no liabilities except 1)
a judgment in the amount of approximately $313,276 which will be paid
and released of record prior to November 6, 1999; and 2) a judgment in
the amount of $3,177,300.74 which is subject to a Forbearance Agreement
with the judgment creditor.  The Company will pay $100,000 to the
judgment creditor as required by the Forbearance Agreement as amended
from the proceeds paid by the Buyer. Satisfactory evidence of the
release and satisfaction of the judgment will be presented by the
Company and reflect that the same has been filed with the Court where
the judgment was rendered and satisfactory evidence will be obtained by
the Company and delivered to the Buyer to reflect that the
consideration for the Forbearance Agreement has been paid in full.

          3.08 Absence of Certain Changes.  The Company has not since
inception committed any of the following acts since inception except as
disclosed in filings made with the Securities and Exchange Commission:

               (a)  Suffered any material adverse change in financial
     condition, assets, liabilities, business, or prospects;

               (b)  Incurred any obligation or liability (whether
     absolute, accrued, contingent, or otherwise) other than in the
     ordinary course of business and consistent with past practice;

               (c)  Paid any claim or discharged or satisfied any lien
     or encumbrance or paid or satisfied any liability (whether
     absolute, accrued, contingent, or otherwise) other than
     liabilities shown or reflected in the Company's financial
     statements, in the ordinary course of business and consistent with
     past practices;

               (d)  Permitted or allowed any of its assets, tangible or
     intangible, to be mortgaged, pledged, or subjected to any liens or
     encumbrances;

               (e)  Written down the value of any inventory or written-
     off as uncollectible any notes or accounts receivable or any
     portion thereof;

               (f)  Cancelled any other debts or claims or waived any
     rights of substantial value, or sold or transferred any of its
     assets or properties, tangible or intangible, other than sales of
     inventory or merchandise made in the ordinary course of business
     and consistent with past practice;

               (g)  Made any capital expenditures or commitments for
     additions to property, plant or equipment;




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               (h)  Declared, paid, or set aside for payment to its
     stockholders any dividend or other distribution in respect of its
     capital stock or redeemed or purchased or otherwise acquired any
     of its capital stock or any options relating thereto or agreed to
     take any such action;

               (i)  Made any material change in any method of
     accounting or accounting practice.

          3.09 Litigation.  There are no actions, proceedings, or
investigations pending or, to the knowledge of the Company, threatened
against the Company, and the Company know or have any reason to know of
any basis for any such action, proceeding, or investigation, except as
disclosed in Section 3.07 above.  There is no event or condition of any
kind or character pertaining to the business, assets, or prospects of
the Company that may materially and adversely affect such business,
assets or prospects.

          3.10 Disclosure.  The Company has disclosed to the Buyer all
facts material to the assets, prospects, and business of the Company.
No representation or warranty by the Company contained in this
Agreement, and no statement contained in any instrument, list,
certificate, or writing furnished to the Buyer pursuant to the
provisions hereof or in connection with the transaction contemplated
hereby, contains any untrue statement of a material fact or omits to
state a material fact necessary in order to make the statements
contained herein or therein not misleading or necessary in order to
provide a prospective purchaser of the business of the Company with
proper information as to the Company and its affairs.

          3.11 SEC Filings.  The Company files reports with the
Securities and Exchange Commission (hereinafter the "SEC") and is
current in all respects with its reporting obligations, including, but
not limited to those required by Section 16(a) of the Securities
Exchange Act of 1934 (the "Exchange Act").

          3.12 Bulletin Board Listing.  The Company's common stock is
currently traded on the Bulletin Board operated by the National
Association of Securities Dealers, Inc. (the "Bulletin Board") under
the symbol "PRTI."  The common stock will be trading on the Bulletin
Board at Closing and the Company warrants that this transaction will
not cause the shares of common stock to be delisted from the Bulletin
Board and the Company will take all steps necessary to assure that the
Company's common stock will continue to trade thereon.
         IV.  REPRESENTATIONS AND WARRANTIES BY THE BUYER.

          The Buyer hereby represents and warrants as follows:

          4.01 Organization, etc.  The Buyer is an agent acting on
behalf of certain principals and represents that he has full authority
to act on their behalf.

          4.02 Authority.  The execution and delivery of this Agreement
by the Buyer and the consummation by the Buyer of the transactions
contemplated hereby have been duly authorized by the Buyers.

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          4.03 Representations Regarding the Acquisition of the Shares.

               (a)  The Buyer understands that the SHARES HAVE NOT BEEN
     APPROVED OR DISAPPROVED BY THE UNITED STATES SECURITIES AND
     EXCHANGE COMMISSION OR ANY STATE SECURITIES AGENCIES;

               (b)  The Buyer is not an underwriter and is acquiring
     the Seller's Shares solely for investment for the account of the
     Buyers and not with a view to, or for, resale in connection with
     any distribution with in the meaning of the federal securities
     act, the state securities acts or any other applicable state
     securities acts;

               (c)  The Buyer understands the speculative nature and
     risks of investments associated with the Company and confirms that
     the Shares are suitable and consistent with his or her investment
     program and that his or her financial position enables him or her
     to bear the risks of this investment; and that there may not be
     any public market for the Shares subscribed for herein;

               (d)  The Shares subscribed for herein may not be
     transferred, encumbered, sold, hypothecated, or otherwise disposed
     of to any person, without the express prior written consent of the
     Company and the prior opinion of counsel for the Company that such
     disposition will not violate federal and/or state securities acts.
     Disposition shall include, but is not limited to acts of selling,
     assigning, transferring, pledging, encumbering, hypothecating,
     gibing, and any form of conveying, whether voluntary or not;

               (e)  To the extent that any federal, and/or state
     securities laws shall require, the Buyer hereby agrees that any
     Shares acquired pursuant to this Agreement shall be without
     preference as to assets;

               (f)  The Company or the Company are under no obligation
     to register or seek an exemption under any federal and/or state
     securities acts for any stock of the Company or to cause or permit
     such stock to be transferred in the absence of any such
     registration or exemption and that the Buyer herein must hold such
     stock indefinitely unless such stock is subsequently registered
     under any federal and/or state securities acts or an exemption
     from registration is available;

               (g)  The Buyer represents that it is sophisticated and
     has had the opportunity to ask questions of the Company and the
     Seller and receive additional information from the Company and the
     Company to the extent that the Company and the Company possessed
     such information, or could acquire it without unreasonable effort
     or expense necessary to evaluate the merits and risks of any
     investment in the Company.  Further, the Buyer has been given: (1)
     All material books and records of the Company; (2) all material
     contracts and documents relating to the Company and this proposed
     transaction; (3) an opportunity to question the Company and the
     appropriate executive officers of the Company; and, (4) has
     received and reviewed all reports filed with the Securities and
     Exchange Commission.

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               (h)  The Buyer has satisfied the suitability standards
     imposed by the laws of his/hers/its domicile.  The Shares being
     acquired from the Company have not been registered under federal,
     state or foreign laws.

         V.   SURVIVAL OF REPRESENTATIONS; INDEMNIFICATION.

          5.01 Survival of Representations.  All representations,
warranties, and agreements made by any party in this Agreement or
pursuant hereto shall survive the execution and delivery hereof and any
investigation at any time made by or on behalf of any party.

          5.02 Indemnification.  The Company, jointly and severally,
agrees to indemnify the Buyer and hold it harmless from and in respect
of any assessment, loss, damage, liability, cost, and expense
(including without limitation interest, penalties, and reasonable
attorneys' fees) in excess of $100 in the aggregate, imposed upon or
incurred by the Buyer resulting from a breach of any agreement,
representation, or warranty of the Company.  Assertion by the Buyer of
their right to indemnification under this Section 5.02 shall not
preclude the assertion by the Buyer of any other rights or the seeking
of any other remedies against the Company.

                        VI.  MISCELLANEOUS.

          6.01 Expenses.  All fees and expenses incurred by the Company
in connection with the transactions contemplated by this Agreement
shall be borne by the respective parties hereto.

          6.02 Further Assurances.  From time to time, at the Buyer's
request and without further consideration, the Company, at its own
expense, will execute and transfer such documents and will take such
action as the Buyer may reasonably request in order to effectively
consummate the transactions herein contemplated.

          6.03 Parties in Interest.  All the terms and provisions of
this Agreement shall be binding upon, shall inure to the benefit of,
and shall be enforceable by the prospective heirs, beneficiaries,
representatives, successors, and assigns of the parties hereto.

          6.04 Shares to Price.  On April 1, 2000, the Company will
issued 300,000 "restricted" shares of common stock to Milton Price in
consideration of services rendered in connection with this transaction.
The foregoing shares may not be registered and may only be sold in
compliance with Reg. 144 of the Securities Act of 1933.

          6.05 Resignations.  On or before November 3, 1999, the
current officers and directors of the Company will resign and cause of
the persons, whose names and addresses are attached hereto as "Exhibit
B", to be appointed to the Company's Board of Directors.

          6.06 Prior Agreements; Amendments.  This Agreement supersedes
all prior agreements and understandings between the parties with
respect to the subject matter hereof.  This Agreement may be amended
only by a written instrument duly executed by the parties hereto or
their respective successors or assigns.

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          6.07 Headings.  The section and paragraph headings contained
in this Agreement are for reference purposes only and shall not affect
in any way the meaning or interpretations of this Agreement.

          6.08 Governing Law.  This Agreement shall be governed by and
construed and enforced in accordance with the laws of the state of
Nevada, without regard to its conflict-of-laws rules and venue of any
actions brought under this Agreement will be in the federal or state
courts of Nevada.

          6.09 Notices.  All notices, requests, demands, and other
communications hereunder shall be in writing and shall be deemed to
have been duly given if delivered or mailed (registered or certified
mail, postage prepaid, return receipt requested) as follows:

     If to the Company:            Milton Price, Attorney at Law
                                   15945 Quality Trail North
                                   Scandia, Minnesota 55073
                                   Tel: (651) 433-5735

     If to the Buyer:              Ben Traub
                                   240 - 11948 207th Street
                                   Maple Ridge, British Columbia
                                   Canada V2X 1X7
                                   Tel: (604) 466-1807

          6.10 Agent.  The Company, hereby expressly authorizes Milton
Price to have full authority to execute all documents and receive and
disburse all monies referred to herein and deliver the Shares described
herein.

          6.11 Effect.  In the event any portion of this Agreement is
deemed to be null and void under any state or federal law, all other
portions and provisions not deemed void or voidable shall be given full
force and effect.

          6.12 Counterparts. This Agreement may be executed
simultaneously in several counterparts, each of which shall be deemed
an original, but all of which together shall constitute one and the
same instrument.

          6.13 Default.  In the event that the Buyer defaults on the
payments described herein, the Seller has the right to terminate this
agreement by written notice to the Buyer.  Upon receipt of said notice,
Buyer will return any unsold portion of the 9,000,000 shares to the
Company.  Any money paid by Buyer will be forfeited as total liquidated
damages and the Company will not seek nor be entitled to any further
damages.

          IN WITNESS WHEREOF, this Agreement has been duly executed and
delivered by the Company and the Buyer, on the date first above
written.





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                              BUYER:


                              /s/ Ben Traub
                              Ben Traub, Agent

                              COMPANY:

                              Phoenix Resources Technologies, Inc.


                              BY:  /s/ William Nichols
                                   William Nichols, President


                             Exhibit A
            As referenced in STOCK ACQUISITION AGREEMENT

Name and Address                                  Shares

Wealthy Investor Network Inc                      7,290,000
(Ben Traub)
240-11948 207th Street
Maple Ridge, BC
Canada  V2X 1X7

Norma Jean Bone                                     250,000
7448 14th Avenue
Burnaby, BC
Canada  V3N 1Z9

Judy Traub                                          250,000
1900 Alder Road
Quesnel, BC
Canada V2J 3T3

Sean Traub                                          100,000
1900 Alder Road
Quesnel, BC
Canada V2J 3T3

Darren Traub                                        100,000
1900 Alder Road
Quesnel, BC
Canada V2J 3T3

Cliff Traub                                         100,000
1900 Alder Road
Quesnel, BC
Canada V2J 3T3

Pritpaul Singh Sidhu                                100,000
6861 128th Street
Surrey, BC
V3W-4E1


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Vercelli Holdings, S.A.                             400,000
(Eric W. Smith)
PO Box 61
Churchill Building
Front Street
Grand Turk
Turks & Caicos Islands

Raven Capital Corp.                                 200,000
(Jack Barnes)
101 East Hill Place
Market St. North
PO Box N-10850
Nassau, Bahamas

Robert Seitz                                         25,000
3859 Toronto St.
Pt. Coquitlam
Canada  V3B 7J6

Judee Fayle                                          25,000
11224 River Road
Surrey, BC
Canada  V3V 2V5

Brian Bisset                                          5,000
400-601 W. Broadway
Vancouver, BC
Canada  V5Z 4C2

Ron Willoughby                                      150,000
28   4649 Hubalta Rd. S.E.
Calgary, AB
Canada  T2B 2P4

Lea Rawlings                                          5,000
215   4940  Fraser St.
Vancouver, BC
Canada  V5W 4B6

                             Exhibit B
            As referenced in STOCK ACQUISITION AGREEMENT

Ben Traub
240-11948 207th Street
Maple Ridge, BC
Canada  V2X 1X7

Robert Seitz
3859 Toronto St.
Pt. Coquitlam
Canada  V3B 7J6

Judee Fayle
11224 River Road
Surrey, BC
Canada  V3V 2V5