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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000950123-98-008145.txt : 19980909
<SEC-HEADER>0000950123-98-008145.hdr.sgml : 19980909
ACCESSION NUMBER:		0000950123-98-008145
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19980903
ITEM INFORMATION:		
ITEM INFORMATION:		
FILED AS OF DATE:		19980908
SROS:			NONE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NATURAL HEALTH TRENDS CORP
		CENTRAL INDEX KEY:			0000912061
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-EDUCATIONAL SERVICES [8200]
		IRS NUMBER:				592705336
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		
		SEC FILE NUMBER:	000-26272
		FILM NUMBER:		98705494

	BUSINESS ADDRESS:	
		STREET 1:		193 MIDDLE ST
		STREET 2:		STE 201
		CITY:			PORTLAND
		STATE:			ME
		ZIP:			04101
		BUSINESS PHONE:		2077727234

	MAIL ADDRESS:	
		STREET 1:		193 MIDDLE ST
		STREET 2:		STE 201
		CITY:			PORTLAND
		STATE:			ME
		ZIP:			04101
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<DESCRIPTION>NATURAL HEALTH TRENDS CORP
<TEXT>

<PAGE>   1
                       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 earlier event reported): September 3, 1998


                           NATURAL HEALTH TRENDS CORP.
               (Exact Name of Registrant as Specified in Charter)




        Florida                    0-25238                   59-2705336
(State of Incorporation      (Commission File No.)   (IRS Identification Number)
 or other Jurisdiction)




                              2001 West Sample Road
                          Pompano Beach, Florida 33064
                    (Address of Principal Executive Offices)




                                 (954) 969-9771
               (Registrant's Telephone Number Including Area Code)
<PAGE>   2
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.

            Pursuant to a letter (the "Letter") dated September 1, 1998 by and
between Natural Health Trends Corp., a Florida corporation ("NHTC") and Kaire
International, Inc., a Delaware corporation ("Kaire"), NHTC has agreed to
acquire (the "Acquisition") all of the assets of Kaire (the "Kaire Assets"). It
is contemplated in the Letter that NHTC will pay to Kaire $6,610,000 (the
"Purchase Price"), payable as follows: (i) an aggregate of $1,500,000 of cash
and assumption of liabilities; (ii) an aggregate of $4,110,000 of preferred
stock (the "Acquisition Preferred Stock"); and (iii) a $1,000,000 principal
amount 6% promissory note (the "Note"). The Letter also contemplates that
following the closing of the Acquisition, the NHTC Board of Directors will
consists of six (6) directors, five of which will be NHTC nominated directors
and the remaining director will be a Kaire nominated director, and that current
management of NHTC will remain the same.

      The closing of the Acquisition is subject to, among other conditions: (i)
the Kaire Assets being in satisfactory condition to management of NHTC; (ii) the
audited and unaudited financial statements of Kaire being in form and substance
satisfactory to NHTC; (iii) all required consents of the parties being obtained
to the satisfaction of legal counsel to the parties; and (iv) compliance with
all applicable laws, rules and regulations.

      Kaire develops and distributes, through a network of independent
associates, a variety of natural products, including nutritional supplements and
personal care products. Kaire offers a line of approximately 50 products which
it divides into a number of categories, including Antioxidants, Immune Support,
Aloe Vera Products, Enzymes and Digestion, Clustered Water, Herbal Energy
Tonic, Adaptogens, Vital Nutrients, Anti-Aging, Personal Care and Topical
Therapy. Based upon its audited financial statements for the year ended
December 31, 1997, Kaire had net sales and a net loss of approximately
$35,600,000 and approximately $6,100,000, respectively, and based upon its
unaudited financial statements, for the three months ended March 31, 1998,
Kaire had net sales and a net loss of approximately $7,717,000 and
approximately $326,000, respectively. 

      No assurances can be given that the Acquisition will be consummated or, if
consummated, the final terms thereof including, but not limited to, with respect
to the Acquisition Preferred Stock and the Note.

ITEM 5. OTHER EVENTS.

            On September 2, 1998, NHTC had its oral hearing with NASDAQ relating
to whether or not NASDAQ will continue to list the securities of NHTC on the
NASDAQ SmallCap Market system. No assurances can be given as to the results of
such hearing.
<PAGE>   3
                                   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.

                                    NATURAL HEALTH TRENDS CORP. (REGISTRANT)



                                    By: /s/ Joe Grace
                                        -----------------------------
                                        Joe Grace, Acting President


Dated: As of September 3, 1998
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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