U.S. SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   FORM 10-K/A
                                (Amendment No. 1)

[X]  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE
     ACT OF 1934

                    For the fiscal year ended March 31, 1999

[ ]  TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE
     ACT OF 1934

       For the transition period from _______________ to _________________

                        Commission file number: 33-28417

                               SITEK, INCORPORATED
             (Exact name of registrant as specified in its charter)

         Delaware                                               86-0923886
(State or other jurisdiction of                              (I.R.S. Employer
incorporation or organization)                               Identification No.)

                             1817 West Fourth Street
                              Tempe, Arizona 85281
                    (Address of principal executive offices)

                    Issuer's telephone number: (602) 921-8555

        Securities registered pursuant to Section 12(b) of the Act: None

        Securities registered pursuant to Section 12(g) of the Act: None
                                (Title of Class)

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  report(s)),  and (2) has been  subject  to such  filing
requirements for the past 90 days. Yes [X] No [ ].

     Indicate by check mark if disclosure of delinquent  filers pursuant to Item
405 of Regulation S-K is not contained herein, and will not be contained, to the
best of Registrant's  knowledge,  in definitive proxy or information  statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. [ ]

     The aggregate market value of the voting and non-voting  common equity held
by  non-affiliates  of the  registrant,  based upon the closing bid price of the
registrant's Common Stock as reported on the OTC Bulletin Board on June 15, 1999
was approximately  $49,249,492.  Shares of Common Stock held by each officer and
director and by each person who owns 30% or more of the outstanding Common Stock
have been  excluded in that such  persons may be deemed to be  affiliates.  This
determination of affiliate status is not necessarily conclusive.

     The number of outstanding  shares of the registrant's  Common Stock on June
15, 1999 was 12,302,813.
<PAGE>
                                     PART I

ITEM 1. DESCRIPTION OF BUSINESS

GENERAL

SITEK, INCORPORATED

     SITEK, Incorporated, a Delaware corporation ("SITEK"), is a holding company
which  provides   administrative   and  business   support   functions  for  its
semiconductor  industry  subsidiary  companies.  As of  March  31,  1999,  SITEK
operated  two  wholly-owned  subsidiaries:   CMP  Solutions,  Inc.,  an  Arizona
corporation  which  provides  engineering  and  manufacturing  services  to  the
semiconductor  industry  and  Advanced  Technology  Services,  Inc.,  an Arizona
corporation which buys and sells pre-owned  semiconductor capital equipment to a
world wide market. SITEK handles all the human resources,  accounting,  finance,
benefits administration and other general business services of its subsidiaries,
allowing  them to focus their  attention on  generating  revenues.  On April 28,
1999, SITEK acquired a new subsidiary,  VSM Corporation,  an Arizona corporation
involved in semiconductor  process  equipment and subassembly  manufacturing and
refurbishment.  SITEK intends to continue diversifying the services and products
it supplies the  semiconductor  industry  through  acquisitions  of  established
companies in the next fiscal year.

     SITEK's  executive  offices are located at 1817 West Fourth Street,  Tempe,
Arizona 85281, and its telephone number is (480) 921-8555.

     Although  SITEK  was  incorporated  in  Delaware  on  June  30,  1998,  its
predecessor  has been in existence for over 10 years,  the majority of which its
predecessor  remained  dormant and did not engage in any commercial  operations.
SITEK is the  successor  to the Elgin  Corporation,  a publicly  traded  company
established  under the laws of Delaware on April 5, 1989. The Elgin  Corporation
entered into a merger from which the ultimate surviving corporation was Dentmart
Group,  Inc. on February 15, 1991.  On July 14, 1998,  Dentmart then merged into
and became part of its wholly owned subsidiary, SITEK. SITEK then entered into a
Stock Purchase  Agreement with CMP  Solutions,  Inc., an Arizona  corporation to
acquire all the outstanding stock of CMP Solutions, Inc. on July 14, 1998.

     Elgin was originally  established to create a publicly held  corporation in
which a suitable  privately  held company or companies  could be merged.  Toward
that  goal,  Elgin  filed  a  registration  statement  with  the  United  States
Securities and Exchange  Commission on Form S-18 that was declared  effective on
November 30, 1989. Elgin filed a certification  and notice of suspension of duty
to file reports under Section  15(d) of the  Securities  Exchange Act of 1934 on
Form 15 in February 1991 and remained dormant until April 14, 1998 when Dentmart
filed a current report with the Securities and Exchange Commission reporting its
change in fiscal year from  December 31 to March 31, its number of  shareholders
exceeding  300 and its  intention  to resume  filing of periodic  reports  under
Section 15(d) of the Securities Exchange Act of 1934.

CMP SOLUTIONS, INC.

     SITEK  completed  an  acquisition  of  CMP  Solutions,   Inc.,  an  Arizona
corporation,  pursuant to a Stock  Purchase and Exchange  Agreement  dated as of
July 14, 1998. The terms of the  acquisition are more fully described in SITEK's
Report on Form 8-K filed on August 17,  1998,  which is  incorporated  herein by
reference.

     "CMP" refers to "chemical  mechanical  planarization," the process by which
surface materials on a silicon wafer are removed or polished to make it possible
to add new layers of integrated  circuit metal and insulator on the wafer.  This
technology is primarily used by integrated  circuit  manufacturers  who use this
process in their most  advanced  circuits.  Most  recently,  smaller  integrated
circuit and micro machine manufacturers have been leading the demand for new and
used CMP systems and CMP foundry  services.  Although the large  companies which
use the CMP process on its wafer have the  capability to  manufacture  their own
customized  CMP  treated  wafer,   the  high  cost   associated  with  equipment
procurement,  process  design and the  scarcity of qualified  technicians  makes
in-house  CMP  wafer  treatment  out of the  reach  of  smaller  companies.  CMP

                                        1
<PAGE>
Solutions  uses its team of  qualified  and  experienced  engineers  to  produce
customized CMP processed wafers for the smaller company market as the industry's
major outsource provider of CMP wafer processing. To provide these products, CMP
Solutions has its own "foundry" to which  customers  submit their wafers for CMP
processing.  CMP  Solutions  also expects to have the  capability to install and
operate a CMP operation on-site at the customer's plant.

     In addition to the manufacture of CMP processed wafers, CMP Solutions makes
its engineers  available on a consulting  basis for customers who have purchased
equipment, but need assistance designing and utilizing the CMP equipment. During
the  fiscal  year  ending  March  31,  1999,  CMP  Solutions  continued  in  the
development  phase,  initial  marketing  and in  establishing  its silicon wafer
processing  facility.  Therefore,  CMP Solutions revenues during the last fiscal
year were less than 5% of the total revenues.

ADVANCED TECHNOLOGY SERVICES, INC.

     In July 1998 SITEK formed a wholly owned  subsidiary,  Advanced  Technology
Services,  Inc., an Arizona corporation  ("ATSI").  ATSI is a business unit that
buys and sells pre-owned semiconductor processing and manufacturing equipment to
the world-wide market of semiconductor  companies.  ATSI generated nearly all of
SITEK's sales revenues for the year ending March 31, 1999.

     Because of the high capital expenditures a semiconductor  company must make
in  purchasing  new  equipment,   ASTI  provides  an  alternative  in  pre-owned
equipment.  ASTI  sells  mostly  to  semiconductor  companies  who  seek  to cut
production  costs  by  purchasing  pre-owned  semiconductor   manufacturing  and
processing equipment.

MARKETS

     SITEK  currently has two  principal  markets:  (i) pre-owned  semiconductor
manufacturing  equipment;  and  (ii)  CMP  services.  The  semiconductor  market
contracted  dramatically  in 1997 and 1998,  but SITEK  believes  the  market is
expanding in 1999. SITEK believes there is significant pressure, especially as a
result  of the  1997-98  downturn  in  semiconductor  demand,  on  semiconductor
manufacturers  to  reduce  capital  equipment  acquisition  costs by  purchasing
pre-owned  equipment rather than new equipment.  Also resulting from the 1997-98
downturn,  several semiconductor  fabricating facilities have closed in the past
two  years,  putting  an  unusually  high  amount  of  pre-owned   semiconductor
manufacturing  equipment on the market.  As a result,  SITEK,  through ATSI, has
been able to successfully  acquire  pre-owned  equipment at favorable prices and
sell it to  semiconductor  manufacturers  on a global  basis.  In the  pre-owned
equipment market, SITEK's principal customer during the fiscal year ending March
31, 1999 was Philips N.V. in Europe.

     SITEK has begun  differentiating  itself from the other participants in the
pre-owned  equipment market by providing total equipment  turnkey solutions in a
number of cases, which include both process and hardware qualification. This has
been done either through  contracting  with  companies  with  equipment-specific
expertise or from internally developed  capabilities  specifically in diffusion,
low pressure  chemical vapor  deposition  ("LPCVD")  equipment and CMP equipment
markets.  SITEK has focused on building a reputation  for excellent  service and
ethical business  practices.  SITEK believes the CMP services market was created
due to the high cost of owning and operating CMP equipment  making  in-house CMP
operations prohibitive for some semiconductor manufacturers. SITEK believes that
semiconductor  manufacturers  are  seeking  reductions  in costs of  production.
SITEK, through CMP Solutions,  intends to provide to semiconductor manufacturers
a lower cost, high quality source for CMP out-source production. This will allow
semiconductor  manufacturers  the ability to utilize CMP  processing  technology
with no  expenditures  for capital  equipment  and related  facilitization.  For
semiconductor  manufacturers  that desire  in-house CMP  processing  capability,
SITEK intends to provide them with technical support for CMP process development
a well as CMP  equipment  upgrades  to  increase  yields  and  reduce  costs  of
production.

                                        2
<PAGE>
MARKETING AND SALES

     SITEK has relied upon a few sales employees to generate its revenues in the
pre-owned  equipment market during fiscal year 1999. SITEK intends to expand its
sales and marketing staff  significantly  in fiscal year 2000.  SITEK expects to
use a combination  of its own sales and marketing  staff along with  independent
sales representative companies that SITEK believes have excellent relations with
its target market customers in their respective  regional markets,  such as Asia
and Europe. See Note 12 of the Consolidated  Financial Statements for revenue by
country and segment.

     Substantially  all of SITEK's  sales revenue was generated in Europe during
fiscal year 1999. However,  SITEK invoices primarily in U.S. dollars. There were
no foreign currency exchange issues in fiscal year 1999.

     Almost all of SITEK's  sales  revenues for the fiscal year ending March 31,
1999 was generated in the sale of pre-owned semiconductor fabrication equipment,
supplies of which may be sporadic  in the future if the  semiconductor  industry
improves and fewer semiconductor companies close. See "Special Risks -- Sporadic
Supply  of  Pre-owned  Equipment."  In  addition,  nearly  all of the  Company's
pre-owned semiconductor equipment sales were to a single customer, Phillips N.V.
A reduction  in orders could have  materially  adverse  effect on business.  See
"Special Risks -- Dependence on Single Customer."

RESEARCH AND DEVELOPMENT

     SITEK did not have any expenditures for product  development in fiscal year
1999. SITEK expects to increase its product  development  expenditures in fiscal
year 2000. SITEK expects its first product development project to be an improved
CMP wafer carrier designed to improve yields from silicon wafers.

COMPETITION

PRE-OWNED EQUIPMENT

     SITEK's competition in the pre-owned  semiconductor  fabrication  equipment
market consists primarily of Comdisco, Inc., a large company that specializes in
financing new equipment and reselling  pre-owned  equipment,  and  semiconductor
fabrication  OEMs such as  Applied  Materials,  Inc.  and  Varian  Semiconductor
Equipment Associates,  Inc. However, several small pre-owned equipment brokerage
companies  have  recently  begun  operations  as a result of: (i) the demand for
pre-owned equipment generated by semiconductor devices manufacturers  attempting
to reduce  their  capital  equipment  expenditures;  and (ii) a large  supply of
pre-owned   fabrication  equipment  currently  on  the  market  due  to  several
semiconductor fabrication facilities being closed in 1997 and 1998.

CMP SERVICES

     There currently is no competition for SITEK, through CMP Solutions,  in the
CMP services market -- other than  the OEM demonstration  labs doing CMP foundry
work.  SITEK  expects other  competitors  to enter the market during fiscal year
2000. SITEK intends to retain its leadership position in the CMP services market
by providing a comprehensive range of CMP services to all levels of end-users as
well as key CMP equipment suppliers.

INTELLECTUAL PROPERTY

     SITEK  believes  that name  recognition  of its primary  trade name "SITEK,
Incorporated"  is important to its sales  program.  Although the "SITEK" name is
not available  for federal  trademark  registration,  SITEK has  registered  the
"SITEK" name as a trade name for exclusive use in the State of Arizona. However,
other  companies  may use or may  already  be  using  the  SITEK  name in  other
jurisdictions. The Company owns no federal patents or trademarks.

EMPLOYEES

     As of  March  31,  1999,  SITEK  employed  nine  people,  all of whom  were
full-time  employees.  Two employees were engaged in sales and service, two were
full-time   employees  engaged  in  administrative   activities  and  five  were

                                        3
<PAGE>
production workers.  As of June 15, 1999,  following the acquisition of VSM, the
Company employed 39 employees.  None of the employees is covered by a collective
bargaining  agreement,  and  management  believes  that its  relations  with its
employees are good.

REPORTS TO SHAREHOLDERS

     Although SITEK is not required by the  Securities  and Exchange  Commission
rules or stock exchange  requirements  to send an annual report to  stockholders
for fiscal year 1999,  SITEK intends to send an annual report which will include
audited financial statements to stockholders.

ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
        OF OPERATIONS

RESULTS OF OPERATIONS

     SITEK  began  operations  on  July  14,  1998  when  it  acquired  all  the
outstanding  stock of CMP Solutions,  Inc.  (CMP).  On July 24, 1998, all of the
outstanding stock of Advanced Technology  Services,  Inc. (ATSI) was contributed
to SITEK as a wholly  owned  subsidiary.  ATSI was formed on July 23,  1998.  As
SITEK is in its initial year of  operations,  there are no prior year  financial
statements.

     Net sales of $2,721,000 in the current fiscal year were  principally due to
sales by ATSI of pre-owned semiconductor capital equipment,  which resulted in a
gross profit of 25.4% of net sales.

     CMP began initial  operations late in the fiscal year and generated minimal
net sales.  Engineering  expenses of $426,000 were incurred  primarily to set up
CMP cleanroom operations, install equipment and develop planarization processes.

     SITEK  incurred  $915,000  or 33.6% of net sales in  selling,  general  and
administrative  expense  primarily  relating  to start-up  activities  and other
general business activities.

     Interest  expense of $277,000 or 10.2% of net sales  relates to  borrowings
mainly from TLD Funding  Group.  SITEK  entered into a  short-term  note payable
agreement with TLD on March 15, 1999 for funds used to acquire substantially all
of the pre-owned  semiconductor  production equipment from a semiconductor plant
in Durham County,  United Kingdom. The note includes $656,000 of financing fees,
which are amortized over the life of the loan.  Payment is due on July 13, 1999.
A 5%  penalty  per month will be  assessed  on the  outstanding  balance if such
amount is not  covered by a customer  purchase  order after the 91st day. If not
paid in full by 120 days, the outstanding balance will be assessed a monthly fee
of 5% until  paid in full.  The  balance  due on the note at March  31,  1999 is
$5,729,000.

     In February, 1999, SITEK borrowed $207,000 from TLD under a line of credit,
which will  expire on  February  4, 2001.  Interest is due monthly on the unpaid
balance  at  1.5%.  The  line  is  personally   guaranteed  by  two  of  SITEK's
shareholders and two related companies.

     SITEK also has  available  a line of credit  with TLD for  amounts up to $1
million to be utilized to purchase equipment for resale. The line bears interest
on each  advance at 1% of the advance  amount for the initial 30 days and 2% per
month thereafter.  SITEK also must pay a financing fee of 7% at the time of each
advance under the line. At March 31, 1999,  SITEK owed $154,000  under this line
of credit.

     Income taxes credits due on operating losses have been offset by a deferred
tax asset valuation allowance as management feels it is more likely than not the
deferred tax assets will not be realized.

     SITEK owes $910,000 in Value Added Tax ("VAT") associated with the purchase
of the  Durham  County,  UK  inventory.  The VAT  will be  refundable  by the UK
government upon filing appropriate  returns.  This amount is reflected as both a
liability and a prepaid asset.

                                        4
<PAGE>
     SITEK has sold  convertible  debentures  totaling $80,000 during the fiscal
period. The debentures earn interest at the rate of 6% and may be converted into
SITEK's  common  stock at  favorable  terms or repaid in cash after 90 days from
purchase through 24 months at which time they mature. The debentures are subject
to mandatory conversion to common stock after 24 months.

     Advances  from a  shareholder  and a related  company have been received by
SITEK, of which $388,000 is outstanding on March 31, 1999.

PLAN OF OPERATIONS

     As SITEK's predecessors were dormant until April, 1998 and did not have any
revenues from operations in any of the last three fiscal years, the following is
management's discussion of SITEK's plan of operations for the next 12 months.

     SITEK began operations on July 14, 1998 with one operating subsidiary,  CMP
Solutions,  and  acquired  all of the  outstanding  stock of a second  operating
subsidiary, ATSI, on July 24, 1998. Both subsidiaries had no activities prior to
these dates.

     ATSI commenced its marketing efforts with sales revenues coming mostly from
sales to one customer.  In March, 1999, ATSI purchased  substantially all of the
pre-owned  semiconductor  production equipment from a semiconductor plant in the
United  Kingdom.  As a result,  SITEK expects ATSI net revenues  from  equipment
resale  operations during the fiscal year ending March 31, 2000 to significantly
exceed revenues earned in the current fiscal period.

     During the fiscal year,  CMP  continued in the  development  phase and made
efforts in initial marketing activities as well as in building its silicon wafer
processing  clean room  facility.  CMP had minimal  revenues  during the current
fiscal year due to start-up activities.  SITEK expects continued development and
facilitization  expenses for CMP during the next 12 months and  anticipates  CMP
revenues to  commence  in the second  half of its fiscal  year ending  March 31,
2000.

     On April  28,  1999,  SITEK  purchased  all the  outstanding  shares of VSM
Corporation  ("VSM")  for  $1,000,000,  of which  $50,000 had been paid prior to
March 31, 1999, in cash and for $200,000 to settle an  outstanding  liability to
the current shareholders of the target company. VSM is located in Tempe, Arizona
and is engaged in the manufacture and/or refurbishment of semiconductor  process
equipment  and  subassemblies.  The VSM  ultra-pure  gas and  chemical  handling
systems  have wide  applications  in wafer  manufacturing  operations  and plant
facilities.  VSM has recently  introduced a proprietary  furnace  system that is
utilized in the  fabrication of nonvolatile  semiconductor  memory  circuits and
other devices.

     SITEK has hired advanced development engineers and intends to develop a new
CMP wafer carrier,  which is expected to improve  customer  device  yields.  The
carrier head is  anticipated  to be available for initial beta site sales in the
second quarter of fiscal 2000 with  production  versions  available in the third
quarter of fiscal 2000.

     During the next 12 months,  SITEK expects to engage in funding  efforts and
acquisitions, complete CMP's manufacturing facilities, increase ATSI's revenues,
introduce the new carrier head product,  and develop VSM's business.  SITEK also
expects  to  acquire   all  of  the  capital   stock  of  Global   Semiconductor
Technologies,   Inc.,  an  Arizona  corporation  ("GST")  and  Advanced  Control
Technologies,  Inc.,  an Arizona  corporation  ("ACT"),  both  located in Tempe,
Arizona. Both GST and ACT have common ownership with SITEK. At the present time,
SITEK shares office space and staff with GST and ACT. All  expenditures  to date
between the companies have been treated as loans to or from these entities.

     SITEK plans to raise  additional  capital  during the next 12 months with a
private  placement  of up to $ 3 million in  convertible  debentures  which earn
interest at 9.5% and are  convertible  into  SITEK's  common  stock based upon a
formula,  but in no case at a price per share  lower than  $3.50 or higher  than
$5.00. SITEK also expects a possible private placement and/or public offering of
an undetermined  number of shares of SITEK capital stock. SITEK intends to apply
any such additional  capital to product  development,  equipment,  and corporate
acquisitions in addition to working capital requirements above those funded from
operations.

                                        5
<PAGE>
FUNDING REQUIREMENTS

     SITEK believes it will need additional capital during the next 12 months to
meet its funding needs, including repayment of debt obligations when due, future
acquisitions,  product  development,  and the continued costs of compliance with
reporting  requirements  of the  Securities  Exchange Act of 1934. CMP will need
additional funding before it is able to generate material revenues.  There is no
assurance  that  SITEK will be able to  attract  additional  capital or that the
funds,   if  acquired,   will  be  sufficient  to  complete  and  integrate  the
acquisitions of GST or ACT, or to meet SITEK's product  development or operating
capital requirements.  If the liquidity of the Company is not such that the debt
described in Note 6 to the consolidated  financial statements is not paid off by
July 13, 1999, the Company will attempt to refinance the outstanding balance.

     Neither  management nor other of SITEK's  shareholders has made commitments
to provide  additional  funds to SITEK.  Accordingly,  there can be no assurance
that any  additional  funds will be  available to SITEK to allow it to cover its
capital  needs.  Management  has a  contingency  plan to allow  SITEK to sustain
itself without  additional  funding.  However,  the success of this plan depends
upon: (i) ATSI retaining its market  position and  substantially  increasing its
sales  revenues  in  fiscal  2000;  (ii)  CMP  reaching  production  status  and
attracting  customers  with minimal  funding;  (iii) VSM  generating  sufficient
revenues to fund its operations; (iv) ACT and GST generating approximately $ 1.0
million in revenues during fiscal 2000, assuming SITEK acquires ACT and GST; and
(v) collecting receivables in a timely fashion.

     Irrespective  of whether  SITEK's  cash  assets  meet  SITEK's  operational
capital  needs during the next 12 months,  SITEK might  compensate  providers of
services by issuances of SITEK's common stock in lieu of cash.

EXPECTED PURCHASES OF SIGNIFICANT EQUIPMENT

     Depending on market  conditions,  demand,  and the availability of funding,
SITEK  expects to purchase  approximately  $1,000,000  worth of certain  silicon
wafer processing and metrology equipment during fiscal year 2000. SITEK believes
this equipment  will  materially  increase the likelihood of SITEK's  efforts to
develop improved CMP processes as well as expand capacity at its CMP foundry and
engineering/manufacturing services operation.

     During  the  next  12  months,   SITEK  expects  to  update   business  and
manufacturing  systems for all aspects of SITEK.  To  conserve  cash,  SITEK may
elect to lease rather than purchase these systems.

NEW ACCOUNTING PRONOUNCEMENTS

     In June 1998, the FASB issued Statement No. 133,  ACCOUNTING FOR DERIVATIVE
INSTRUMENTS  AND  HEDGING  ACTIVITIES.   Statement  No.  133  requires  that  an
enterprise  recognize all  derivatives  as either assets or  liabilities  in the
statement of financial position and measure those instruments at fair value. The
statement is effective for the Company's  fiscal year ending March 31, 2001. The
Company has not completed  evaluating the impact of implementing  the provisions
of Statement No. 133.

YEAR 2000 COMPLIANCE

     The  inability  of  computers,   software  and  other  equipment  utilizing
microprocessors  to  recognize  and properly  process  data fields  containing a
two-digit year is commonly referred to as the Year 2000 Compliance issue. As the
Year 2000 approaches,  such systems may be unable to accurately  process certain
data-based information.

     Most of SITEK's currently  installed computer systems and software products
have been updated and made Year 2000 compliant.

     SITEK relies exclusively on personal computer ("PC") based systems and does
not use mainframe or medium sized  computer  systems that employ older  software
programs written in "COBAL." In recent weeks,  numerous  software  packages have
become  available  at nominal  cost that will  evaluate PC systems for Year 2000
compliance,  and in  many  cases  apply  corrections  to the  PC  system  or its
software.  SITEK has begun  certifying  all PC systems  under its  control.  All

                                        6
<PAGE>
accounting  programs and the PC system hardware have been upgraded and made Year
2000  compliant.  Approximately  20 percent of the Company's word processing and
spreadsheet  software  applications  continue to use the two-digit date code and
are not Year 2000 compliant.  Software upgrades for these programs are available
at a cost of approximately  $500. The Company intends on purchasing the upgrades
and plans to have all its software  Year 2000  compliant  well before the end of
calendar  year 1999.  However,  there can be no assurance  that such upgrades or
adjustments  to  hardware  and  software  will be  sufficient  to  make  SITEK's
computers or equipment  Year 2000 compliant in a timely manner or that allocated
resources  will be  sufficient.  A failure to become Year 2000  compliant on its
computers or equipment could disrupt  materially  SITEK's  operating results and
financial condition.

     Because  there are a large number of potential  vendors and  customers  for
pre-owned  semiconductor equipment and because the Year 2000 compliance of these
potential  vendors and  customers is unknown and is  unreasonably  burdensome to
ascertain,  SITEK is  unable  to  determine  the  impact,  if any,  of Year 2000
compliant  issues on its pre-owned  semiconductor  equipment  sales. If SITEK is
unable to address its Year 2000 compliance  successfully or in a timely fashion,
the  Company  may need to devote more  resources  to the process and  additional
costs may be incurred.

SPECIAL RISKS

     FORWARD  LOOKING  STATEMENTS.  Certain of the statements  contained in this
document  that  are  not  historical  facts,   including  statements  of  future
expectations,  projections  of results of operations  and  financial  condition,
statements of future economic performance and other  forward-looking  statements
within the meaning of the Private Securities  Litigation Reform Act of 1995, are
subject to known and unknown  risks,  uncertainties  and other factors which may
cause  the  actual  results,  performance  or  achievements  of SITEK to  differ
materially from those contemplated in such forward-looking statements. There can
be no  assurances  that the  forward-looking  information  will be accurate.  In
addition to the specific matters referred to herein, important factors which may
cause actual results to differ from those  contemplated in such  forward-looking
statements  include:  the  future  supply of  silicon;  the  future  demand  for
semiconductor and CMP products;  world economic conditions;  potential costs and
delays  in  integrating  acquisitions;   timing  of  market  introductions;  the
availability and cost of additional funding; and  higher-than-expected  costs of
product development.

     Developments  in any  of  these  areas,  which  are  more  fully  described
elsewhere in "Item 1.  Description of Business" which is incorporated  into this
section by  reference,  could cause SITEK' s results to differ  materially  from
results that have been or may be projected by or on behalf of SITEK.

     SITEK  cautions  that  the  foregoing  list  of  important  factors  is not
exclusive. SITEK does not undertake to update any forward-looking statement that
may be made from time to time by or on behalf of SITEK.

     NEED FOR ADDITIONAL FINANCING.  SITEK has limited funds, and such funds may
not be adequate to take advantage of any available business opportunities.  Even
if SITEK's funds prove to be sufficient to acquire an interest in, or complete a
transaction with, a business  opportunity,  SITEK may not have enough capital to
exploit the opportunity. SITEK's ultimate success may depend upon its ability to
raise additional capital.  SITEK has not investigated the availability,  source,
or terms that might govern the acquisition of additional capital and will not do
so until it determines a need for additional financing. If additional capital is
needed,  there is no assurance  that funds will be available from any source or,
if available,  that they can be obtained on terms  acceptable  to SITEK.  If not
available, SITEK's operations will be limited to those that can be financed with
its modest capital.

     REGULATION OF PENNY STOCKS.  SITEK's securities are subject to a Securities
and Exchange  Commission rule that imposes  special sales practice  requirements
upon  broker-dealers  who sell such securities to persons other than established
customers  or  accredited  investors.  For  purposes  of the  rule,  the  phrase
"accredited  investors"  means,  in general terms,  institutions  with assets in
excess of $5,000,000,  or individuals having a net worth in excess of $1,000,000

                                        7
<PAGE>
or having an annual income that exceeds  $200,000 (or that, when combined with a
spouse's income,  exceeds $300,000).  For transactions  covered by the rule, the
broker-dealer  must make a special  suitability  determination for the purchaser
and receive the purchaser's  written  agreement to the transaction  prior to the
sale.  Consequently,  the rule may affect the ability of  broker-dealers to sell
SITEK's  securities  and also may  affect  the  ability  of  purchasers  in this
offering to sell their securities in any market that might develop therefor.

     In addition, the Securities and Exchange Commission has adopted a number of
rules to regulate "penny stocks." Such rules include Rules 3a51-1, 15g-1, 15g-2,
15g-3, 15g-4, 15g-5, 15g-6, and 15g-7 under the Securities Exchange Act of 1934.
Because SITEK's  securities  constitute "penny stocks" within the meaning of the
rules,  the rules  apply to SITEK and to its  securities.  The rules may further
affect the ability of owners of shares to sell SITEK's  securities in any market
that might develop for them.

     Stockholders  should be aware that,  according to  Securities  and Exchange
Commission  Release No.  34-29093,  the market for penny  stocks has suffered in
recent  years from  patterns  of fraud and abuse.  Such  patterns  include:  (i)
control of the market for the security by one or a few  broker-dealers  that are
often related to the promoter or issuer;  (ii)  manipulation  of prices  through
prearranged  matching  of  purchases  and sales and false and  misleading  press
releases;  (iii) "boiler room" practices  involving  high-pressure sales tactics
and unrealistic price projections by inexperienced sales persons; (iv) excessive
and undisclosed bid-ask differentials and markups by selling broker-dealers; and
(v) the wholesale dumping of the same securities by promoters and broker-dealers
after prices have been manipulated to a desired level,  along with the resulting
inevitable collapse of those prices and with consequent investor losses. SITEK's
management is aware of the abuses that have occurred  historically  in the penny
stock market.  Although SITEK does not expect to be in a position to dictate the
behavior  of the market or of  broker-dealers  who  participate  in the  market,
management  will strive within the confines of practical  limitations to prevent
the  described   patterns  from  being   established  with  respect  to  SITEK's
securities.

     LIMITED OPERATING  HISTORY.  SITEK's  predecessor was formed in April 1989,
but had no operations for several years before July 1998.  Therefore,  SITEK has
limited operating history,  revenues from operations,  or assets other than cash
from sales of stock. SITEK faces all of the same risks as a new business and the
special risks inherent in the  investigation,  acquisition,  or involvement in a
new  business  opportunity.  SITEK must be  regarded  as a  developmental  stage
company with all of the unforeseen costs,  expenses,  problems, and difficulties
to which such ventures are subject.

     SPORADIC SUPPLY OF PRE-OWNED EQUIPMENT. During the fiscal year ending March
31, 1999 most all of SITEK's revenues were generated by its subsidiary  involved
in the sale of pre-owned semiconductor  equipment.  However, the availability of
pre-owned  semiconductor equipment is sporadic and determined in part by the age
of  semiconductor   equipment  currently  used  by  companies  in  the  industry
semiconductor companies decisions to sell their capital equipment,  both factors
which are beyond the control of SITEK. A material  reduction in the availability
of  pre-owned  semiconductor  equipment  may have a material  adverse  effect on
SITEK's business, financial condition, and the results of operations.

     NO  FORESEEABLE  DIVIDENDS.  SITEK has not paid  dividends on its stock and
does not anticipate paying such dividends in the foreseeable future.

     LOSS OF CONTROL BY PRESENT MANAGEMENT AND STOCKHOLDERS.  SITEK may consider
an  acquisition  in which  it would  issue  as  consideration  for the  business
opportunity to be acquired an amount of SITEK's  authorized but unissued  common
stock that would,  upon  issuance,  represent  the great  majority of the voting
power and equity of SITEK.  The result of such an acquisition  would be that the
acquired company's  stockholders and management would control SITEK, and SITEK's
management  could be  replaced  by persons  unknown at this time.  Such a merger
would  result in a  greatly  reduced  percentage  of  ownership  of SITEK by its
current shareholders.

                                        8
<PAGE>
     LIMITED PUBLIC MARKET.  There is a limited public market for SITEK's common
stock,  and no  assurance  can be given  that a market  will  develop  or that a
shareholder ever will be able to liquidate his investment  without  considerable
delay, if at all. If a market should develop,  the price may be highly volatile.
Factors  such as those  discussed  in this  "Risk  Factors"  section  may have a
significant impact upon the market price of the securities offered hereby. Owing
to the low price of the  securities,  many brokerage firms may not be willing to
effect  transactions  in the  securities.  Even if a  purchaser  finds a  broker
willing  to  effect  a  transaction  in these  securities,  the  combination  of
brokerage commissions, state transfer taxes, if any, and any other selling costs
may exceed the selling price. Further, many lending institutions will not permit
the use of such securities as collateral for any loans.

     ABSENCE OF PROFITS.  SITEK has not and may not become  profitable  for some
time or not at all.  In order to become  profitable,  SITEK  must,  among  other
things,  achieve sufficient sales to cover operating costs. In order to increase
sales,  SITEK must  continue to organize  its sales  force,  attract  more sales
people and create a market  awareness of SITEK and its  products  and  services.
Failure to achieve these requirements would have an adverse effect on SITEK.

     DEPENDENCE ON SINGLE CUSTOMER.  Approximately $2.6 million,  or 96%, of our
revenues in the fiscal year ended  March 31, 1999 were  generated  from sales to
one customer.  We cannot be certain that this significant customer will order as
much product in 1999 as we anticipate.  A reduction in orders from our principal
customer  or  a  failure  to  receive  significant   purchase  commitments  from
prospective  customers  could  hinder  our  anticipated  growth  and may  have a
material  adverse  effect on our  business,  financial  condition and results of
operations.

     COMPETITION.  There  are  other  companies  in both  the CMP  services  and
pre-owned  semiconductor  equipment businesses which may be better funded and/or
better established than SITEK.

     RELIANCE ON KEY  EXECUTIVES.  SITEK's success depends on the efforts of Dr.
Don M. Jackson, Jr. , Chief Executive Officer;  Julian Gates, President of ATSI;
Paul Jackson,  Secretary of SITEK;  and Mark Simon,  President of CMP Solutions,
Inc. Dr. Jackson has been the key individual  responsible  for financing for the
development  of  SITEK.  Mr.  Gates  has been  primarily  responsible  for sales
activities of ATSI that consisted of nearly all of SITEK's  revenues  during the
fiscal year ended March 31, 1999.  Messrs.  Paul  Jackson and Mark Simon,  along
with Dr. Don Jackson were co-founders of CMP Solutions,  Inc. SITEK believes its
relationships  with these individuals are good.  However,  it cannot ensure that
the  services of these  individuals  will  continue to be available to us in the
future as each individual's employment is "at will."

                                        9
<PAGE>
                                    PART III

ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS;
         COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGE ACT

     Under the securities  laws of the United  States,  SITEK's  directors,  its
executive  officers,  and any persons  holding  more than 10% of SITEK's  common
stock are required to report their initial ownership of SITEK's common stock and
any  subsequent  changes  in  that  ownership  to the  Securities  and  Exchange
Commission.  Specific  due dates for these  reports have been  established,  and
SITEK is required to disclose any failure to file by these dates. SITEK believes
that all of these filing  requirements were not satisfied during the fiscal year
ended  March  31,  1999.  Each  of the  directors,  executive  officers  and 10%
beneficial  owners  made late  Form 3 filings  to the  Securities  and  Exchange
Commission  on July 29,  1999.  In making  these  disclosures,  SITEK has relied
solely on written  representations  of its directors and executive  officers and
copies of the reports that they have filed with the Commission.

DIRECTORS OF THE REGISTRANT

     The following  sets forth certain  information  regarding the directors and
director  nominees  of  the  Company.   Each  director  will  be  nominated  for
re-election  for a one year term at the  Company's  September  28,  1999  Annual
Meeting of Shareholders.

NAME                    AGE   DIRECTOR SINCE              TITLE
----                    ---   --------------              -----
Don M. Jackson, Jr.     64         1998        Chairman of the Board, President,
                                               and Chief Executive Officer

Maurice L. McGill (1)   62         1998        Director

L. Richard Myers (1)    67         1998        Director

Daniel L. Shunk (1)     51         1998        Director

----------
(1) Member of the Audit and Compensation Committees.

     DR. DON M. JACKSON,  JR. is one of the founders of CMP Solutions,  Inc. and
has served as  Chairman of the Board,  President,  and Chief  Executive  Officer
since the  inception of SITEK,  Incorporated  operations  on July 14, 1998.  Dr.
Jackson  joined the  company  after an  extensive  career in  various  executive
positions  in  technology  companies  such  as  ASM  America,   Inc.,  Superwave
Technology,  Inc., Microelectronic Packaging, Inc., Integrated Process Equipment
Corporation,  Westech Systems, Inc., Global Semiconductor Technologies,  L.L.C.,
and  Motorola.  Dr.  Jackson  holds a Ph.D.  from Arizona  State  University  in
Electrical  Engineering.  Dr. Jackson  presently also is a director of Flexpoint
Sensor  Systems,  Inc. in  Midvale,  Utah and M&I  Thunderbird  Bank in Phoenix,
Arizona.

     MAURICE L. MCGILL  became a Director of SITEK,  Incorporated  on August 24,
1998. Mr. McGill is the Chairman of the Audit Committee.  He presently serves as
a Director of  Bluebonnet  Savings  Bank and Premium  Standard  Farms,  Inc. Mr.
McGill held the positions of Executive  V.P.,  CFO, and Director of IBP, Inc. in
Dakota  City,  Nebraska  from which he retired in 1988.  Mr.  McGill  previously
served as a Partner and National  Director of Services for the meat industry for
Touche Ross & Co. in Phoenix, Arizona. He holds an MS in accounting and business
administration from the University of Missouri and is a CPA.

     L. RICHARD  MYERS has been a Director of SITEK,  Incorporated  since August
24,  1998 and serves as the  Chairman  of the  Compensation  Committee.  He is a
retired Rear Admiral of the U.S. Navy and formerly was the Commanding Officer of
the USS John F. Kennedy.  Mr. Myers served as Team Leader on President  Reagan's
Private Sector Study formed to reduce waste in government  spending.  He holds a
MS in  International  Affairs  from  American  University  and a BA in  Business
Administration and Economics from Fresno State College.

                                       10
<PAGE>
     DR. DANIEL L. SHUNK became a Director of SITEK,  Incorporated on August 24,
1998.  Dr.  Shunk is an  Associate  Professor of  Engineering  at Arizona  State
University and formerly  functioned as its CIM Systems Research Center Director.
He  previously  has held  various  executive  and  management  positions  in GCA
Corporation,  International  Harvester,  and  Rockwell.  Dr.  Shunk has received
several awards including the SME International  Manufacturing Education Award in
1996 and Industrial  Engineering  Faculty of the Year Award in 1991. He received
his Ph.D. in Industrial Engineering from Purdue University.

EXECUTIVE OFFICERS OF THE REGISTRANT

     The  following  sets forth  certain  information  regarding  the  executive
officers of the Company.  Each executive  officer will nominated for re-election
by the  Board of  Directors  at its  regular  meeting  following  the  Company's
September 28, 1999 Annual Meeting of Shareholders.

NAME                     AGE   OFFICER SINCE              TITLE
----                     ---   -------------              -----
Don M. Jackson, Jr.(1)   64         1998       Chairman of the Board, President,
                                               and Chief Executive Officer

Paul D. Jackson          40         1998       Secretary

Mark G. Simon            35         1998       President of CMP Solutions, Inc.

Julian W. Gates          28         1998       President of Advanced Technology
                                               Services, Inc.

----------
(1)  Dr.  Don  M.  Jackson's  biographical  information  appears  above  in  the
     Directors of the Registrant section.

     PAUL D.  JACKSON  is a founder  of CMP  Solutions,  Inc.  and has served as
Secretary to SITEK,  Incorporated  since July 14, 1998. Mr. Jackson was employed
as the Executive V.P. and General Manager of Global  Semiconductor  Technologies
and  previously  held the position of V.P. of Advanced  Technology at Integrated
Process  Equipment  Corporation.  He has also served in various  management  and
engineering positions at McDonald Douglas Corporation. Mr. Jackson holds a BS in
Aerospace  Engineering from the University of Kansas. Paul Jackson is the son of
Dr. Don M. Jackson, Jr.

     MARK G. SIMON is a founder  of CMP  Solutions,  Inc.  and has served as its
President  since July 14, 1998.  Mr. Simon  previously  held several  management
positions at Integrated  Process  Equipment  Corporation in the field operations
and  process  engineering  areas.  Mr.  Simon  holds  an AS  degree  in  Electro
Mechanical Technology from St. Phillips College in San Antonio, TX.

     JULIAN W.  GATES is a founder  of CMP  Solutions,  Inc.  and has  served as
President of Advanced Technology  Services,  Inc. since July 24, 1998. Mr. Gates
previously was the President of Alternative Technical Services,  Inc. and a Vice
President  of  European  Semiconductor,  Inc.  He holds a BS degree in  Business
Administration from Chapman University.

                                       11
<PAGE>
ITEM 11. EXECUTIVE COMPENSATION

                           SUMMARY COMPENSATION TABLE

     The following  table sets forth,  with respect to the years ended March 31,
1999,  compensation  awarded  to,  earned  by or  paid  to the  Company's  Chief
Executive Officer and the four other most highly compensated  executive officers
who earned over  $100,000 in total  compensation  who were  serving as executive
officers at March 31, 1999. No  compensation  information  exists for the fiscal
years  ending  March 31, 1998 or 1997 as the Company  began  operations  in July
1998.

<TABLE>
<CAPTION>
                                                                      LONG-TERM
                                                                    COMPENSATION
                                       ANNUAL COMPENSATION             AWARDS
                                ---------------------------------   ------------
                                                        OTHER        SECURITIES
                                                        ANNUAL       UNDERLYING     ALL OTHER
NAME AND PRINCIPAL              SALARY               COMPENSATION   OPTIONS/SARS   COMPENSATION
POSITION                 YEAR   ($)(1)   BONUS ($)        ($)            (#)           ($)
---------------------    ----   ------   ---------   ------------   ------------   ------------
<S>                      <C>    <C>          <C>          <C>             <C>           <C>
Don M. Jackson, Jr.      1999   89,100       0            0               0             0
  Director, President
  and Chief Executive
  Officer
</TABLE>

----------
(1)  Salary listed  reflects the partial year salary earned by Dr. Jackson since
     August 1, 1998.  Dr.  Jackson's  annual  salary for the fiscal  year ending
     March 31, 2000 is $225,000.

                    OPTION/SAR GRANTS IN LAST FISCAL YEAR(1)

     No stock options were granted  during the last fiscal year to the executive
officers named in the Summary  Compensation Table.  Consequently,  no Option/SAR
Grant table is being provided.

AGGREGATED OPTION/SAR EXERCISES IN LAST FISCAL YEAR AND FY-END OPTION/SAR VALUES

     Because none of the executive  officers  named in the Summary  Compensation
Table had been granted any options,  no options were  exercised  during the last
fiscal year and no Aggregate  Option/SAR  Exercises or FY-End  Option/SAR Values
table is being provided.

                                       12
<PAGE>
ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

     The  following  table  sets  forth  information  regarding  the  beneficial
ownership  of the  Company's  common  stock at June 15, 1999 with respect to (i)
each person known to the Company to own  beneficially  more than five percent of
the outstanding  shares of the Company's common stock, (ii) each director of the
Company and each director  nominee,  (iii) each of the named executive  officers
and (iv) all directors and executive officers of the Company as a group.

                                                  SHARES BENEFICIALLY
                                                      OWNED (1)(2)
                                                 ----------------------
IDENTITY OF STOCKHOLDER OR GROUP                  NUMBER        PERCENT
-------------------------------------            ---------      -------
Santina Anness (3)                                 900,000        7.32
Vince E. Birdwell (4)                              952,054        7.74
Mark A. DiSalvo (5)                                900,000        7.32
Sass DiSalvo (6)                                   895,490        7.28
Julian W. Gates                                  1,186,200        9.64
Dr. Don M. Jackson, Jr.                          1,186,200        9.64
Kevin B. Jackson (7)                               948,960        7.71
Paul D. Jackson                                  1,186,200        9.64
Maurice L. McGill (8)                               49,000          *
L. Richard Myers                                   238,792        1.94
Parog S. Modi                                    1,186,200        9.64
Dr. Daniel L. Shunk (10)                            49,000          *
Mark G. Simon                                    1,186,200        9.64
All directors and executive officers             6,030,552       49.0
  as a group (8 persons) (11)
----------
* Less than one percent

(1)  Beneficial  ownership is  determined  in  accordance  with the rules of the
     Securities and Exchange Commission ("SEC") and generally includes voting or
     investment power with respect to securities.  In accordance with SEC rules,
     shares  which may be  acquired  upon  exercise of stock  options  which are
     currently  exercisable  or which become  exercisable  within 60 days of the
     date of the table are deemed beneficially owned by the optionee.  Except as
     indicated  by  footnote,  and  subject  to  community  property  laws where
     applicable,  the  persons or  entities  named in the table  above have sole
     voting  and  investment  power with  respect to all shares of Common  Stock
     shown as beneficially owned by them.
(2)  Unless  otherwise  noted,  the mailing  address for each of the  beneficial
     owners listed below is c/o SITEK,  Incorporated,  1817 West Fourth  Street,
     Tempe, Arizona 85281. All information was obtained from the Company's stock
     registry as of June 15, 1999.
(3)  Ms. Anness whose mailing address is 9554 Via Salerno, Burbank, CA 91504, is
     the registered  owner of 900,000  shares of the Company's  common stock and
     the  mother-in-law  of Mark A. DiSalvo,  a former director and officer of a
     predecessor company, Dentmart Group, Inc.
(4)  Mr.  Birdwell is an employee  of the Company and acts as  Secretary  of CMP
     Solutions, Inc.
(5)  Mr.  DiSalvo was a director and officer of a predecessor  Company to SITEK,
     Incorporated. His address is 192 Searidge Court, Shell Beach, CA 93449.

                                       13
<PAGE>
(6)  Ms. DiSalvo,  who mailing address is 248 North California Street,  Burbank,
     CA 91505, is the registered owner of 895,490 shares of the Company's common
     stock and the mother of Mark A. DiSalvo, a former director and officer of a
     predecessor company, Dentmart Group, Inc.
(7)  Mr. Kevin B. Jackson is the President of VSM Corporation which was recently
     acquired by the Company.
(8)  Includes  25,000  shares Mr. McGill has a right to acquire upon exercise of
     stock options.
(9)  Includes  25,000  shares Mr. Meyers has a right to acquire upon exercise of
     stock options.
(10) Includes  25,000  shares Dr. Shunk has a right to acquire upon  exercise of
     stock options.
(11) Includes  75,000 shares  directors have a right to acquire upon exercise of
     stock options.

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

     For a period of six months during the fiscal year ending March 31, 1999 the
Company leased several pieces of semiconductor equipment from Mark A. DiSalvo, a
beneficial  owner of more than five percent of the Company's  outstanding  stock
and a former officer and director of the Company's predecessor company, Dentmart
Group,  Inc. The total cost for the six-month  lease was $42,000.  At the end of
the lease in February 1999 the Company  purchased the equipment from Mr. DiSalvo
for $340,000.

     The Company has a line of credit with TLD Funding Group  expiring  February
4, 2001,  with maximum  borrowings  of $207,181.  Interest is due monthly on the
unpaid balance at an interest rate of 1.5 percent.  The collateral for this line
of credit  consists of the personal  guarantees  by Dr. Don M.  Jackson,  Jr., a
director,  the President and Chief Executive Officer of the Company, and Mark G.
Simon, the President of CMP Solutions, Inc., a wholly owned subsidiary.  Another
company, Global Semiconductor Technologies,  Inc. is also guarantor on this line
of credit. Dr. Don M. Jackson, Jr. is a shareholder,  the President and the sole
director of Global Semiconductor Technologies,  Inc.; Paul D. Jackson, secretary
of  the  Company,  is  also  the  Executive  Vice  President,  Secretary  and  a
shareholder of Global Semiconductor  Technologies,  Inc. Outstanding  borrowings
under this line of credit  with TLD  Funding  Group were  $207,181  at March 31,
1999.

     During the period ending March 31, 1999 Global Semiconductor  Technologies,
Inc. made advances to SITEK for  administrative  services and rental  payment on
the shared facilities.  The advances totaled $227,478 at March 31, 1999. Dr. Don
M. Jackson, Jr., a director,  President and the Chief Executive Officer of SITEK
is also a  director,  the  President  and  Chief  Executive  Officer  of  Global
Semiconductor Technologies, Inc. Paul D. Jackson, Secretary of SITEK is also the
Executive Vice  President,  Secretary and  shareholder  of Global  Semiconductor
Technologies, Inc.

     During the fiscal year ending March 31, 1999,  Julian  Gates,  President of
Advanced  Technology  Services,  Inc., a wholly owned subsidiary of the Company,
paid certain expenses on behalf of the Company totaling  $160,940.  The advances
are short  term and none  interest  bearing  and will be  repaid by the  Company
within 12 months.

     As of March 31, 1999 the Company owed Mark A. DiSalvo,  a beneficial  owner
of more than five percent of the Company's  outstanding  common stock,  $125,000
for services related to the July 14, 1998 Stock Purchase and Exchange  Agreement
between CMP  Solutions,  Inc. and SITEK,  Incorporated.  In addition the Company
paid Mr.  DiSalvo  $19,200  during the fiscal  year  ending  March 31,  1999 for
consulting services.

     Officers,   directors  and/or  five  percent  beneficial  owners  Vince  E.
Birdwell,  Julian W. Gates, Dr. Don M. Jackson, Jr., Paul D. Jackson, L. Richard
Myers, Parag S. Modi and Mark G. Simons obtained their positions and/or holdings
of the Company in connection  with the July 14, 1998 Stock Purchase and Exchange
Agreement  between CMP  Solutions and SITEK,  Incorporated,  then a wholly owned
subsidiary  of the  Dentmart  Group,  Inc.  whose  sole  director,  officer  and
shareholder at the time was Mark A. DiSalvo. In accordance with the terms of the
exchange  agreement the Dentmart Group,  Inc. entered into a reverse merger with
its wholly owned subsidiary,  SITEK, Incorporated from which SITEK, Incorporated
was the surviving  company.  The shareholders of CMP then exchanged their shares
of CMP  Solutions  for the  number of shares  of SITEK,  Incorporated  which are
listed in the Security  Ownership of Certain  Beneficial  Owners and  Management
table,  except for outside  director,  Mr. Myers,  whose  shareholdings  reflect
additional  stock  option  grants  and stock  paid for  services  provided  as a
director.

                                       14
<PAGE>
                                   SIGNATURES

     Pursuant  to the  requirements  of  Section  13 or 15(d) of the  Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.

                                        SITEK, INCORPORATED


Date:   July 29, 1999                   By /s/ Don M. Jackson, Jr.
                                           -------------------------------------
                                           Dr. Don M. Jackson, Jr.
                                           President and Chief Executive Officer



                                        By /s/ Gloria Zemla
                                           -------------------------------------
                                           Gloria Zemla
                                           Chief Financial Officer

     Pursuant to the  requirements of the Securities  Exchange Act of 1934, this
report  has  been  signed  below  by the  following  persons  on  behalf  of the
registrant and in the capacities and on the dates indicated.


SIGNATURE                       TITLE                DATE
---------                       -----                ----

/s/ Don M. Jackson, Jr.        Director             July 29, 1999
------------------------
Dr. Don M. Jackson, Jr.


/s/ L. Richard Myers           Director             July 29, 1999
------------------------
Mr. L. Richard Myers


/s/ Maurice L. McGill          Director             July 29, 1999
------------------------
Mr. Maurice L. McGill

                                       S-1
<PAGE>
                                  EXHIBIT INDEX

<TABLE>
<CAPTION>

EXHIBIT NO.                    DESCRIPTION                          INCORPORATED BY REFERENCE TO:
-----------     ---------------------------------------        ----------------------------------------
<S>             <C>                                            <C>
    2.1         A copy of the Certificate of Ownership         Form 8-K filed with the SEC on August 17, 1998
                and Merger merging DentMart into SITEK,
                including the Plan and Agreement of Merger

    2.2         A copy of the Articles of Merger or            Form 8-K filed with the SEC on August 17, 1998
                Share Exchange filed in the State of Colorado

    3.1         Articles of Incorporation of Registrant        Form 8-K filed with the SEC on August 17, 1998

    3.2         Bylaws of Registrant                           Form 10-K filed with the SEC on April 17, 1998

   10.1         A copy of the Exchange Agreement               Form 8-K filed with the SEC on August 17, 1998

   10.2         A copy of the Registration Rights Agreement    Form 8-K filed with the SEC on August 17, 1998

   10.3         Equipment Lease dated February 5, 1999,        Form 10-Q Filed with the SEC on February 26, 1999
                as Amended

   10.4         Line of Credit Agreement with                  Form 10-K Filed with the SEC on July 14, 1999
                TLD Funding Group dated February 5, 1999

   10.5         Finance Agreement with TLD Funding             Form 10-K Filed with the SEC on July 14, 1999
                Group dated March 19, 1999

   10.6         $5.2 million Promissory Note and Equipment     Form 10-K Filed with the SEC on July 14, 1999
                Finance Agreement dated March 11, 1999

   10.7         Amendment to Equipment Finance Agreement       Form 10-K Filed with the SEC on July 14, 1999

   10.8         Warrant Agreement                              Form 10-K Filed with the SEC on July 14, 1999

   10.9         Compiled Lease Agreement for CMP               Filed Herewith
                Solutions, Inc.'s offices

   16.1         Letter from Gerald R. Perlstein, C.P.A.        Form 8-K filed with the SEC on December 7, 1998
                to Securities and Exchange Commission
                regarding resignation as Registrant's
                principal accountant

   16.2         Resignation Letter from Gereld R.              Form 10-K Filed with the SEC on July 14, 1999
                Perlstein to SITEK Board of Directors

   21.1         Subsidiaries                                   Form 10-K Filed with the SEC on July 14, 1999

   27.1         Financial Data Schedule                        Form 10-K Filed with the SEC on July 14, 1999
</TABLE>