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) May 1, 2000

                               SITEK, INCORPORATED
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             (Exact name of Registrant as Specified in Its Charter)

                                    Delaware
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                 (State or Other Jurisdiction of Incorporation)

                33-28417                                         95-4585824
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        (Commission File Number)                              (I.R.S. Employer
                                                             Identification No.)

  1817 West 4th Street, Tempe, Arizona                             85281
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(Address of Principal Executive Offices)                         (Zip Code)


                                 (602) 921-8555
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              (Registrant's Telephone Number, Including Area Code)


          -------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)

ITEM 5. OTHER EVENTS.

On March 29, 2000, the Registrant and a corporate investor entered into a Series
A Preferred  Stock Purchase  Agreement  pursuant to which the Registrant  issued
250,000 shares of its Series A Preferred Stock to the corporate investor and the
corporate investor paid Registrant $1.5 million in immediately  available funds.
The Stock Purchase  Agreement  also provides for a possible  future $1.5 million
investment by the corporate investor for an additional 250,000 shares subject to
certain conditions.  The Series A Preferred Stock is convertible to common stock
at a certain exchange ratio, which is intially one-to-one,  but which is subject
to adjustment  upon certain  events.  Under the Stock  Purchase  Agreement,  the
corporate investor was granted registration rights,  rights of first refusal and
co-sale,  as well  as  board  observation  rights.  In  addition  to the  equity
investment,  the  Registrant  entered into an agreement for the  development  of
certain technology. Registrant is required to use the proceeds of the investment
in furtherance of such agreement.

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                                   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.


                                       SITEK, Incorporated
                                       (Registrant)


Date: May 1, 2000                      By: /s/ Don Jackson, Jr.
                                           ------------------------------------
                                           Don Jackson, Jr., President, Director
                                           and Chief Executive Officer

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