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): April 8, 2005


                        INTERNATIONAL DISPLAYWORKS, INC.
             (Exact name of registrant as specified in its charter)

        Delaware                     0-27002                   94-3333649
        --------                     -------                   ----------
(State or other jurisdiction of  (Commission File Number)   (I.R.S. Employer
incorporation or organization)                               Identification No.)


                           599 Menlo Drive, Suite 200,
                            Rocklin, California 95765
    (Address and telephone number of principal executive offices) (Zip Code)

                                 (916) 415-0864
              (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 (see General Instruction A.2. below):

[ ] 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>


Section 2 - Financial Information
---------------------------------

Item 2.01 Completion of Acquisition or Disposition of Assets.

     International  DisplayWorks,  Inc. (the "Company")  previously announced on
Form 8-K filed with the Securities and Exchange Commission on March 31, 2005 its
entry into an agreement to purchase the outstanding shares of Three-Five Systems
Beijing and certain other manufacturing  equipment from Three-Five Systems, Inc.
("TFS"). On April 8, 2005, the Company closed the transaction, depositing the $8
million cash purchase price into an escrow account, to be released upon approval
of the  transfer by the Beijing  authorities.  As part of the  acquisition,  the
Company assumed $2.4 million in debt, and agreed to an earn-out  provision based
on specific revenue targets, as outlined in the prior Form 8-K. The Company paid
the purchase price from its existing credit facility with Wells Fargo HSBC Trade
Bank N.A. and cash generated from operations.

     After final approval by the Beijing authorities, Three-Five Systems Beijing
will be a wholly owned subsidiary of the Company.  Three-Five Systems Beijing is
located in Beijing,  PRC and has a long term land lease and owns the building in
which it assembles thin film transistor ("TFT") and super-twist nematic
("STN")  displays.  TFT and  STN  displays  are  used  in  many  applications,
including cellular phones,  digital cameras,  industrial,  printer,  and medical
devices.  The  facility  is not  in  compliance  with  certain  permit  approval
requirements,  and the Company has assumed the efforts previously  instituted by
TFS to obtain the appropriate approvals. The Company currently believes that the
regulatory  approval  process and the current  lack of approval  will not have a
material  impact on  operations,  and TFS has prepaid the legal fees  associated
with obtaining the approval as part of the transaction.

     For more information,  see the press release attached as Exhibit 99 and the
Purchase  Agreement  attached to the Company's current report filed on March 31,
2005. The Purchase Agreement contains the details of the acquisition,  the terms
of which are incorporated  herein.  Financial  Statements to the extent required
will be filed by amendment  not later than 71 calendar  days after the date that
this report on Form 8-K is required to be filed.

Section 9 - Financial Statements and Exhibits
---------------------------------------------

Item 9.01 Financial Statements and Exhibits.

   Exhibit No.                Exhibit Description

     10                       Purchase Agreement dated March 30, 2005.(1)

     99                       Press release dated April 13, 2005, titled
                              "International DisplayWorks Completes Acquisition
                              of Three-Five System's Beijing Manufacturing
                              Facilities and Business"

(1) Incorporation by reference from the Company's current report on Form 8-K
filed on March 31, 2005 (File No. 000-27002)



<PAGE>



                                    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.


                             INTERNATIONAL DISPLAYWORKS, INC.,
                             a Delaware corporation


Dated:  April 13, 2005       /s/ Alan M. Lefko
                             --------------------------------------------
                             Alan M. Lefko,
                             Vice President Finance

<PAGE>


                                  EXHIBIT INDEX




   Exhibit No.                Exhibit Description

      10                      Purchase Agreement dated March 30, 2005.(1)

      99                      Press release dated April 13, 2005, titled
                              "International DisplayWorks Completes Acquisition
                              of Three-Five System's Beijing Manufacturing
                              Facilities and Business"

(1) Incorporation by reference from the Company's current report on Form 8-K
filed on March 31, 2005 (File No. 000-27002)


<PAGE>
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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): April 8, 2005

                        INTERNATIONAL DISPLAYWORKS, INC.
             (Exact name of registrant as specified in its charter)

        Delaware                     0-27002                   94-3333649
        --------                     -------                   ----------
(State or other jurisdiction of  (Commission File Number)   (I.R.S. Employer
incorporation or organization)                               Identification No.)

                           599 Menlo Drive, Suite 200,
                            Rocklin, California 95765
    (Address and telephone number of principal executive offices) (Zip Code)

                                 (916) 415-0864
              (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 (see General Instruction A.2. below):

[ ] 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))
Section 2 - Financial Information
---------------------------------

Item 2.01 Completion of Acquisition or Disposition of Assets.

     International  DisplayWorks,  Inc. (the "Company")  previously announced on
Form 8-K filed with the Securities and Exchange Commission on March 31, 2005 its
entry into an agreement to purchase the outstanding shares of Three-Five Systems
Beijing and certain other manufacturing  equipment from Three-Five Systems, Inc.
("TFS"). On April 8, 2005, the Company closed the transaction, depositing the $8
million cash purchase price into an escrow account, to be released upon approval
of the  transfer by the Beijing  authorities.  As part of the  acquisition,  the
Company assumed $2.4 million in debt, and agreed to an earn-out  provision based
on specific revenue targets, as outlined in the prior Form 8-K. The Company paid
the purchase price from its existing credit facility with Wells Fargo HSBC Trade
Bank N.A. and cash generated from operations.

     After final approval by the Beijing authorities, Three-Five Systems Beijing
will be a wholly owned subsidiary of the Company.  Three-Five Systems Beijing is
located in Beijing,  PRC and has a long term land lease and owns the building in
which it assembles thin film transistor ("TFT") and super-twist nematic
("STN")  displays.  TFT and  STN  displays  are  used  in  many  applications,
including cellular phones,  digital cameras,  industrial,  printer,  and medical
devices.  The  facility  is not  in  compliance  with  certain  permit  approval
requirements,  and the Company has assumed the efforts previously  instituted by
TFS to obtain the appropriate approvals. The Company currently believes that the
regulatory  approval  process and the current  lack of approval  will not have a
material  impact on  operations,  and TFS has prepaid the legal fees  associated
with obtaining the approval as part of the transaction.

     For more information,  see the press release attached as Exhibit 99 and the
Purchase  Agreement  attached to the Company's current report filed on March 31,
2005. The Purchase Agreement contains the details of the acquisition,  the terms
of which are incorporated  herein.  Financial  Statements to the extent required
will be filed by amendment  not later than 71 calendar  days after the date that
this report on Form 8-K is required to be filed.

Section 9 - Financial Statements and Exhibits
---------------------------------------------

Item 9.01 Financial Statements and Exhibits.

   Exhibit No.                Exhibit Description

     10                       Purchase Agreement dated March 30, 2005.(1)

     99                       Press release dated April 13, 2005, titled
                              "International DisplayWorks Completes Acquisition
                              of Three-Five System's Beijing Manufacturing
                              Facilities and Business"

(1) Incorporation by reference from the Company's current report on Form 8-K
filed on March 31, 2005 (File No. 000-27002)
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.

                             INTERNATIONAL DISPLAYWORKS, INC.,
                             a Delaware corporation

Dated:  April 13, 2005       /s/ Alan M. Lefko
                             --------------------------------------------
                             Alan M. Lefko,
                             Vice President Finance
EXHIBIT INDEX

   Exhibit No.                Exhibit Description

      10                      Purchase Agreement dated March 30, 2005.(1)

      99                      Press release dated April 13, 2005, titled
                              "International DisplayWorks Completes Acquisition
                              of Three-Five System's Beijing Manufacturing
                              Facilities and Business"

(1) Incorporation by reference from the Company's current report on Form 8-K
filed on March 31, 2005 (File No. 000-27002)