<script>var index_url='https://www.sec.gov/Archives/edgar/data/000093173104000380/0000931731-04-000380-index.html';var data_url='https://www.sec.gov/Archives/edgar/data/1109486/000093173104000380/'</script><script src='/static/js/iframe.js'></script><link href='static/css/iframe.css' rel='stylesheet'><script src='/static/js/docgraph_iframe.js' type='module'></script><DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>panamed-8k121704.txt
<DESCRIPTION>PANAMED 8K 122704 - DECISION
<TEXT>
                                  UNITED STATES
                       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): December 17, 2004

                               PANAMED CORPORATION
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)

           NEVADA                    0-017268                xxxxxxxxxx
----------------------------        -----------         -------------------
(State or other jurisdiction        (Commission           (IRS Employer
      of incorporation)             File Number)        Identification No.)

                     32647 42nd Place, Cave Creek, AZ 85331
             ------------------------------------------------------
                    (Address of principal executive offices)

Registrant's telephone number, including area code: (304) 684-7053

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions:

[ ]      Written  communications  pursuant to Rule 425 under the  Securities Act
         (17 CFR 230.425)

[ ]      Soliciting  material pursuant to Rule 14a-12 under the Exchange Act (17
         CFR 240.14a-12)

[ ]      Pre-commencement  communications  pursuant to Rule  14d-2(b)  under the
         Exchange Act (17 CFR 240.14d-2(b))

[ ]      Pre-commencement  communications  pursuant to Rule  13e-4(c)  under the
         Exchange Act (17 CFR 240.13e-4(c))


<PAGE>

                                    FORM 8-K

Section 8 - Other Events

Item 8.01 - Other Events

         On  December  17,  2004,  the Clerk of the U.S.  District  Court of the
Central  District of California  entered the Order Granting Summary Judgment and
Final  Judgment  Imposing  Civil Penalty  rendered by U.S.  District Court Judge
Robert J. Kelleher in the matter of Case No.  03-5513  entitled  Securities  and
Exchange  Commission v. Quintek  Technologies,  Inc.,  Panamed  Corporation  and
Thomas W. Sims, individually.

         Text of Litigation Release No. 19003 / December 17, 2004, issued by the
Securities  and Exchange  Commission,  summarizing  the Court's  decision in the
aforementioned matter may be found at the following link:

http://www.sec.gov/litigation/litreleases/lr19003.htm

Text is also attached hereto as Exhibit 99.1.


Item 9.01 - Financial Statements and Exhibits

c) Exhibits

The following exhibit is furnished with this report.

----------------------------- --------------------------------------------------
Exhibit Number                Description
----------------------------- --------------------------------------------------
99.1                          Text of  Litigation  Release No.  19003 / December
                              17, 2004,  issued by the  Securities  and Exchange
                              Commission,  summarizing  the Court's  decision in
                              the aforementioned matter.
----------------------------- --------------------------------------------------


                                       -2-

<PAGE>


                                   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.


                                               PANAMED CORPORATION


Date:  December 30, 2004           By         /S/ PANAMED CORPORATION
                                         ---------------------------------------
                                          Acting Chief Executive Officer


                                       -3-

<PAGE>


                                  EXHIBIT INDEX

----------------------------- --------------------------------------------------
Exhibit Number                Description
----------------------------- --------------------------------------------------
99.1                          Text of  Litigation  Release No.  19003 / December
                              17, 2004,  issued by the  Securities  and Exchange
                              Commission,  summarizing  the Court's  decision in
                              the matter of Securities  and Exchange  Commission
                              v. Quintek Technologies, Inc., Panamed Corporation
                              and Thomas W. Sims,  individually  (U.S.  District
                              Court - Central California Case No. 03-5513.
----------------------------- --------------------------------------------------


                                      -4-


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