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                     U.S. 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)
                                 August 4, 1999


                        PROLOGIC MANAGEMENT SYSTEMS, INC.
             (Exact name of registrant as specified in its charter)


          Arizona                       1-13704                  86-0498857
(State or other jurisdiction          (Commission              (IRS Employer
     of incorporation)                 File Number)          Identification No.)


                            2030 East Speedway Blvd.
                              Tucson, Arizona 85719
               (Address of principal executive offices)(Zip Code)


                                 (520) 320-1000
              (Registrant's telephone number, including area code)
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ITEM 5.  OTHER EVENTS


Stock Purchase and Merger Agreement

         On July 8, 1999, Prologic Management Systems, Inc. (the "Company")
entered into a Stock Purchase and Merger Agreement ("SPMA") with Sunburst
Acquisitions IV, Inc., a Colorado corporation ("Sunburst"). The transaction
initially closed on August 4, 1999.

Overview

         The terms of the SPMA require that Sunburst purchase up to 5,280,763
shares of common stock of the Company for $3,000,000 pursuant to a Regulation D
Exemption under the United States Securities Act of 1933, as amended. The
investment by Sunburst is to be staged in two parts. The first stage ("Tranche
1") purchases 3,459,972 shares at $0.2890 per share, for a total of $1,000,000.
The second stage ("Tranche 2") purchases up to 1,820,791 shares at $1.0984 per
share, for a total of $2,000,000. Tranche 1 was funded upon closing and the
Company shall use the proceeds primarily as working capital. The proceeds from
Tranche 2 are intended to be used by the Company to facilitate the acquisition
of another (unaffiliated) company (the "Tranche 2 Acquisition"), and funded
essentially simultaneously with the closing of the Tranche 2 Acquisition.

         Subject to shareholder approval, on the earlier of the closing of the
Tranche 2 Acquisition or September 30, 1999, it is intended that the Company
initiate the merger process with and into Sunburst or a subsidiary of Sunburst
organized for that purpose. As a condition to closing of the merger, Sunburst is
obligated to have a binding commitment from other investors, satisfactory to the
Company in form and substance, to purchase from Sunburst or the surviving entity
890,287 shares of common stock at $2.246 per share, for a total of $2,000,000
("Tranche 3"). The proceeds from this financing are also intended to facilitate
an additional acquisition(s). After the merger, the shareholders of the Company
as of March 31, 1999, without dilution for existing warrants, options or other
such derivatives, would hold no less than 47.15% of the common stock of Sunburst
or the surviving entity. All outstanding warrants and options to acquire Company
stock that are not exercised prior to the merger will be automatically converted
into an option or right to purchase a like number of shares from Sunburst or the
surviving entity. Upon completion of the merger, the carrying value of the
Company's assets may be revised to account for the transaction under the
purchase method. On the effective date of the merger, the name of the surviving
entity will be changed.

         Prior to the SPMA with the Company, Sunburst Acquisitions IV, Inc.
(OTC: SBAQ) was a reporting, development stage corporation with no material
assets, no operations and no trading of its common stock. A group of investors
with whom the Company has been negotiating, led by Century Financial Partners,
Inc. and Bristol Capital, LLC, both principally located in Los Angeles,
California, acquired controlling interest of Sunburst and are providing the
funds required by the SPMA. The Company is not obligated to pay any
compensation, fees or costs, in cash or securities, to any underwriter, broker,
agent or other entity in connection with the SPMA except for a fee to be paid to
Kann Capital, Ltd. equal to eight percent (8%) of the gross cash proceeds of the
sale of shares as described in the SPMA. Mr. James M. Heim, President and CEO of
the Company will remain in a similar capacity with Sunburst or the surviving
entity pursuant to the terms of his previously existing Employment Agreement.
Additionally, Mr. Heim has entered into a Voting Trust Agreement with Sunburst,
in accordance with the terms of the SPMA, giving Sunburst the voting rights to
100% of the voting shares he beneficially owns or controls.
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The Stock Purchase

         The Company offered for sale pursuant to Regulation D under the United
States Securities Act of 1933, as amended (the "Act"), up to 5,280,763 shares of
common stock for a total of $3,000,000 (the "Offering"). Sunburst subscribed for
the shares pursuant to the Offering in two stages. The first stage ("Tranche 1")
purchases 3,459,972 shares at $0.2890 per share, for a total of $1,000,000. The
second stage ("Tranche 2") purchases up to 1,820,791 shares at $1.0984 per
share, for a total of $2,000,000. The Company shall use the proceeds from
Tranche 1 primarily as working capital. The proceeds from Tranche 2 are intended
to be used by the Company to facilitate the acquisition of another
(unaffiliated) company (the "Tranche 2 Acquisition").

         The closing of Tranche 1 will occur within two business days of the
approval and ratification of the SPMA by the board of directors of the Company
or at such other time and place as the parties may mutually agree. Except as set
forth in Section 6.3 of the SPMA, the closing of Tranche 2 will occur not less
than 14 days after receipt by Sunburst of written notice from the Company (a
"Subscription Call") that the Company is prepared to close the debt portion of
the financing required for the Tranche 2 Acquisition. The Subscription Call
will, at a minimum, set forth (i) the proposed target company; (ii) the total
purchase price and terms; (iii) the total cash required to close the purchase;
(iv) the equity portion of such cash requirement (an amount not to exceed the
lesser of 20% of such cash requirement or $2,000,000); (v) the date (not less
than 14 days in the future) when Sunburst will be required to deliver the
Tranche 2 Acquisition funds; (vi) evidence that debt financing is available
which, together with the Tranche 2 Acquisition funds, is sufficient to close the
Tranche 2 Acquisition; and (vii) evidence that the proposed acquisition has been
approved by the Company's board of directors. If Sunburst is unable to meet the
requirements of a Subscription Call, then commencing on the date of such
default, for a period ending 70 days from the date of default, the Company will
have the right to purchase all, but not less than all, of the shares issued to
Sunburst (i) in Tranche 1 or (ii) pursuant to the exercise of any options or
warrants which Sunburst may receive from the Company, for a per share price
equal to 110% of the price paid for such shares by Sunburst.

         If, by December 15, 1999, either the Tranche 2 Acquisition has not been
closed or the Company has not been merged with Sunburst, and if the
discount-to-market conversion provision contained in Section 5(d) of the
Certificate of Designation for the Company's Series B Preferred Stock is still
in effect, then Sunburst will purchase 455,208 shares of the Company's common
stock for $500,000. Such purchase shall be a credit against Sunburst's
contractual obligation to complete the Tranche 2 purchase. After the Tranche 2
purchase, the Company and Sunburst will have the number of shares of common
stock outstanding as set forth on Schedule 8.5(f)(1) of the SPMA with the
understanding that, if the Subscription Call requires less than $2,000,000 from
Sunburst to close the Tranche 2 Acquisition, the Schedule shall be revised
accordingly.

The Merger

         Subject to shareholder approval, at a meeting of the shareholders of
the Company to be held as soon as practicable, the Company and Sunburst will
commence the process to cause the Company to be merged with and into Sunburst or
its designated subsidiary pursuant to Colorado Law on the earlier of the
following dates: (i) the closing of the Tranche 2 Acquisition; (ii) September
30, 1999, if the Company has not made a Subscription Call on Sunburst by
September 17, 1999; or (iii) on the 71st day after a default by Sunburst in
complying with the terms of a Subscription Call if, prior to such date, the
Company has not repurchased the shares purchased by Sunburst. An executed Merger
Agreement will be filed with the Secretaries of State of the States of Colorado
and Arizona as soon as practical following the time when the last of the
conditions of the SPMA have been fulfilled or waived, or such earlier or later
date as may be mutually agreed to by the Company and Sunburst.
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         Upon the filing of the Articles of Merger with the Secretary of State
of the State of Colorado (the "Effective Date"), each of the issued and
outstanding shares of common stock and preferred stock of the Company, subject
to applicable statutory provisions with respect to dissenters' appraisal rights,
applicable withholding requirements, and adjustments as provided in the SPMA,
will be converted into and become a right to receive duly authorized, validly
issued, fully paid and non-assessable shares of common stock or preferred stock
of Sunburst at an exchange ratio of one-to-one (the "Exchange Ratio"). Each
share of the Company's common stock or preferred stock held in treasury, or by a
wholly-owned subsidiary of the Company, or by Sunburst will be cancelled as of
the Effective Date. The Exchange Ratio will be subject to appropriate adjustment
in the event of a stock split, stock dividend or recapitalization subsequent to
the execution of the SPMA and prior to the Effective Date. On the Effective
Date, the Merger Consideration (the number of shares of Sunburst stock exchanged
for the Company's stock in the Merger) will be reduced by the amount otherwise
payable or issuable to holders of the Company's common stock or preferred stock,
if any, who exercise dissenters rights in connection with the Merger. Further,
all outstanding options and warrants to acquire Company stock that are not
exercised prior to the Effective Date will be automatically converted into an
option or right to purchase a like number of shares from Sunburst.

         As a condition to closing the Merger, Century Financial Partners, Inc.
and Bristol Capital, LLC, and/or their assignees will have entered into a
binding contract with Sunburst, satisfactory to the Company in form and
substance, to provide in two stages up to $4,000,000 of equity capital to
Sunburst for the purpose of making acquisitions. Each stage will be in an amount
equal to the lesser of $2,000,000 or 20% of the cash equity portion needed to
close a proposed acquisition(s). The first $2,000,000 stage will be at $1.0984
per share, and any amounts funded to the Company prior to the Merger pursuant to
the Tranche 2 purchase will be credited against such obligation. The second
$2,000,000 stage, or Tranche 3, will be at $2.246 per share.

         At the Effective Date of the Merger, Sunburst will have the number of
shares of common stock and preferred stock outstanding and the former
shareholders of the Company will hold the number of Sunburst's common shares and
preferred stock as set forth on Schedule 8.5(f)(2) of the SPMA with the
understanding that, if the Subscription Call requires less than $2,000,000 from
Sunburst to close the Tranche 2 Acquisition, the Schedule shall be revised
accordingly. On the effective date of the merger, the name of the surviving
entity will be changed.

The Company's Analysis

         Historically, the Company has been unable to generate sufficient
internal cash flows to support operations, and has been dependent upon capital
reserves and outside capital sources to supplement cash flow. New equity
investments, lines of credit and other borrowings, and credit granted by its
suppliers have enabled the Company to sustain operations over the past several
years. In August 1998, the Company had failed to meet the "continued listing
criteria" established by NASDAQ and the Company's securities were delisted from
the NASDAQ Small Cap Market. The subsequent lack of liquidity in the Company's
securities has materially affected the Company's ability to attract equity
capital. Additionally, the lack of capital resources has precluded the Company
from effectively executing its strategic business plan. The ability to raise
capital and maintain credit sources is critical to the continued viability of
the Company. Prior to the SPMA, numerous capital opportunities had presented
themselves to the Company, however, none of these "opportunities" were deemed to
be in the best interest of the Company or its shareholders.

         The three investment stages in the SPMA potentially provide the Company
with the equivalent of a $5,000,000 capital infusion, without, in the Company's
opinion, unreasonably diluting the existing shareholders. Upon the merger, the
Company's shareholders as of March 31, 1999, including those holding exercisable
derivatives, would retain approximately 50% of the merged entities.
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         The potential acquisitions, which are conditions to closing the future
financing, will be consistent with the Company's strategic business plan. With
the capital resources available to properly manage them, the acquisition of two
or more profitable companies should significantly expand the Company's revenues
and enhance earnings. The resulting increase in internally generated cash flows
should greatly reduce the Company's dependence upon outside capital sources.
Additionally, the Company would expect to be the beneficiary of, through the
acquisitions, qualified executive management, technical, and sales personnel, as
well as new product and service offerings. The Company believes that the SPMA
can be the catalyst that will provide its shareholders and investors the
opportunity to participate in liquid securities, trading in an orderly market.

"SAFE HARBOR" Statement

         This Form 8-K contains forward-looking statements, and opinions of the
Company, which are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Such forward-looking statements and
opinions involve risks and uncertainties, including, but not limited to, the
ability of Sunburst, Century Financial Partners, Inc. or Bristol Capital, LLC to
meet their contractual obligations, the Company's ability to locate suitable
acquisition targets, the Company's ability to complete the acquisitions, the
Company's ability to appropriately integrate the acquired companies and manage
the costs associated with the integration and administration of acquired
operations, and shareholder approval the Merger. Additional risks and
uncertainties include the impact of competitive products and pricing, product
demand and market acceptance risks, the presence of competitors with greater
financial resources, product development and marketability, capacity and supply
constraints or difficulties, and the results of additional financing efforts.
Further information regarding these and other risks are described from time to
time in the Company's filings with the Securities and Exchange Commission,
including the Company's latest Form 10-KSB.



Item 7.  EXHIBITS

10.1 Stock Purchase and Merger Agreement

10.2 Voting Trust Agreement


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.

PROLOGIC MANAGEMENT SYSTEMS, INC.




Dated: August 4, 1999                By:  /s/James M. Heim
                                         ---------------------------------------
                                          James M. Heim
                                          President and Chief Executive Officer
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                                EXHIBIT INDEX
                                -------------

Exhibit
  No.       Description
-------     -----------
 10.1       Stock Purchase and Merger Agreement

 10.2       Voting Trust Agreement