UNITED STATES SECURITIES AND EXCHANGE
COMMISSION
Washington, DC
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):
January
2, 2009 (January 1, 2009)
ACCELERIZE
NEW MEDIA, INC.
(Exact
name of registrant as specified in its charter)
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DELAWARE
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000-52635
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20-3858769
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(State
or other jurisdiction
of
incorporation)
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(Commission
File
Number)
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(IRS
Employer
Identification
No.)
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12121
WILSHIRE BLVD., SUITE 322 LOS ANGELES, CALIFORNIA 90025
(Address
of principal executive offices) (Zip Code)
(310) 903
4001
(Registrant's
telephone number, including area code)
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))
ITEM 8.01
OTHER EVENTS
The
registrant decided to cease operating its Debt Settlement Referral Division
effective January 1, 2009.
Since
January 1, 2007, the registrant provided sales and marketing support in
connection with debt settlement solutions offered by debt settlement agencies to
consumers across the United States through its Debt Settlement Referral
Division.
In light
of current market conditions, the registrant decided to concentrate on its core
business, namely its on-line advertising and lead generation customer
acquisition solutions, and to close its Debt Settlement Referral
Division.
During
2009, the registrant will continue to receive commissions for debt
settlement solutions provided to past clients, but will not be adding additional
clients or have any further financial obligations with respect to the Debt
Settlement Referral Division.
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, thereunto
duly authorized.
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Date:
January 2, 2009
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ACCELERIZE
NEW MEDIA, INC.
By:
/s/ Brian
Ross
Brian
Ross
President
and Chief Executive Officer
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