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): March 31, 2005


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

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

                           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 7 - Regulation FD
-------------------------

     Item 7.01  Regulation FD Disclosure
     -----------------------------------

     On March 31, 2005, International DisplayWorks,  Inc. (the "Company") signed
the final  agreements  for a new $20  million  revolving  credit line with Wells
Fargo HSBC Trade Bank N.A. The Company  previously  announced the signing of the
commitment  letter with Wells Fargo HSBC Trade Bank on a current  report of Form
8-K filed on February 22, 2005. The new line will replace an existing $5 million
asset-based  line  and  will  provide  additional  working  capital  along  more
favorable  terms. The new line of credit will be used by the Company meet demand
for new orders and to support capital requirements, including the development of
the Company's new manufacturing  facility.  Further  information can be found on
the attached press release as Exhibit 99.

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

     Item 9.01 Financial Statements and Exhibits

     Exhibit No.              Exhibit Description
     -----------              -------------------
        99                    Press Release dated March 31, 2005, titled
                              "International DisplayWorks, Inc.
                              Completes Agreement for $20 Million Revolving
                              Credit Line With Wells Fargo HSBC Trade Bank N.A."




<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:  March 31, 2005       /s/ Alan M. Lefko
                             ------------------
                             Alan M. Lefko,
                             Vice President Finance


<PAGE>


                                  EXHIBIT INDEX




     Exhibit No.              Exhibit Description
     -----------              --------------------
        99                    Press Release dated March 31, 2005, titled
                              "International DisplayWorks, Inc.
                              Completes Agreement for $20 Million Revolving
                              Credit Line With Wells Fargo HSBC Trade Bank N.A


<PAGE>


                                                                      EXHIBIT 99

                                 [International DisplayWorks, Inc. Logo Omitted]

599 Menlo Drive, Suite 200
Rocklin, CA  95765-3708
Telephone (916) 415-0864 - Fax (916) 415-0645
www.idwk.com


   International DisplayWorks, Inc. Completes Agreement $20 Million Revolving
                Credit Line With Wells Fargo HSBC Trade Bank N.A.

FOR IMMEDIATE RELEASE
---------------------

For additional information contact:
Tom Lacey, CEO                                or     Matthew Hayden, President
International DisplayWorks, Inc.                     Hayden Communications, Inc.
(916) 415-0864                                       (843) 272-4653
                                                     matt@haydenir.com

Rocklin, CA - March 31, 2005. International DisplayWorks,  Inc. ("IDW") (Nasdaq:
IDWK)  today  reported  it has closed on the  previously  announced  $20 million
revolving  credit  line with  Wells  Fargo  HSBC  Trade  Bank N.A.  The new line
replaces  a $5  million  asset-based  line of  credit  provided  by Wells  Fargo
Business  Credit  and  provides  additional  working  capital  along  with  more
favorable terms.

IDW's Chief Executive Officer,  Tom Lacey,  commented,  "We now have the capital
necessary to fully execute our growth strategy, based on current estimates.

This  expanded  credit line,  which carries more  flexibility  than our previous
credit  facility,  will provide  additional  working capital to fund our ongoing
growth  through  the next 12 to 18  months,  based on  current  and  anticipated
requirements.  We are  pleased  to be working  with a bank the  caliber of Trade
Bank,  and  we  look  forward  to  a  long  and  mutually   beneficial   banking
relationship."

The Wells Fargo HSBC Trade Bank N.A. is an equity joint  venture  between  Wells
Fargo & Company and the HSBC Group. The only nationally chartered bank dedicated
exclusively  to  international  trade,  the Trade Bank offers US  companies  the
advantages of both global reach and comprehensive financial services.

Wells Fargo & Company is a  diversified  financial  services  company  with $420
billion in assets,  providing  banking,  insurance,  investments,  mortgage  and
consumer  finance to more than 23 million  customers from more than 6,000 stores
and  the  internet   (wellsfargo.com)   across  North   America  and   elsewhere
internationally.  Wells  Fargo Bank,  N.A. is the only "Aaa"-  rated bank in the
United States. Visit Wells Fargo at www.wellsfargo.com

HSBC  Holdings  plc is  headquartered  in the UK. The HSBC Group serves over 110
million  customers  worldwide  from more than 9,500  offices in 79 countries and
territories in Europe, the Asia-Pacific  region,  the Americas,  the Middle East
and Africa.  With assets of US$1,034 billion at 31 December 2003, HSBC is one of
the  world's  largest  banking and  financial  services  organizations.  HSBC is
marketed worldwide as `the world's local bank'. Visit HSBC at www.hsbc.com

<PAGE>


About International DisplayWorks


International DisplayWorks,  Inc. is a manufacturer and designer of high quality
liquid crystal displays,  modules and assemblies for a variety of customer needs
including OEM  applications.  IDW operates  410,000 square feet of manufacturing
facilities  in the  People's  Republic of China (PRC) and employs  approximately
more than 2,400  people.  Sales  offices are located in US,  Europe,  Hong Kong,
Singapore, and China. Copies of IDW's 10-K and other documents as filed with the
SEC are available through a link on our web site: www.idwk.com.

NOTE: The foregoing is news relating to International DisplayWorks, Inc. ("IDW")
and contains  forward-looking  statements,  which are made  pursuant to the safe
harbor provisions of the Private  Securities  Litigation Reform Act of 1995. The
forward-looking  statements  involve  risks and  uncertainties  that could cause
actual results to differ materially from the  forward-looking  statements.  When
used in this release,  the words "anticipate,"  "believe,"  "estimate," "expect"
and  similar  expressions  as they  relate to IDW or its  management,  including
without  limitation,  IDW and its  subsidiaries,  are intended to identify  such
forward-looking  statements.  IDW's actual results,  performance or achievements
could  differ  materially  from the  results  expressed  in, or implied by these
forward-looking statements. For more detailed information the reader is referred
to IDW's 10-K and other related documents filed with the Securities and Exchange
Commission.  This does not constitute an offer to buy or sell  securities by the
Company and is meant purely for informational purposes.
[{"type": "8-K", "sequence": "1", "filename": "for8k040105.txt", "secsgml_size_bytes": 9008}]
{"company-data": {"conformed-name": "INTERNATIONAL DISPLAYWORKS, INC", "cik": "0000866415", "assigned-sic": "3670", "irs-number": "943333649", "state-of-incorporation": "OR", "fiscal-year-end": "1031"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-27002", "film-number": "05727293"}, "business-address": {"street1": "599 MENLO DRIVE, SUITE 200", "city": "ROCKLIN", "state": "CA", "zip": "95765", "phone": "(916) 415-0864"}, "mail-address": {"street1": "C/O INTERNATIONAL DISPLAY WORKS, INC", "street2": "599 MENLO DRIVE, SUITE 200", "city": "ROCKLIN", "state": "CA", "zip": "95765"}, "former-company": [{"former-conformed-name": "INTERNATIONAL DISPLAYWORKS INC", "date-changed": "20020408"}, {"former-conformed-name": "MORROW SNOWBOARDS INC", "date-changed": "19951006"}]}
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): March 31, 2005

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

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

                           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 7 - Regulation FD
-------------------------

     Item 7.01  Regulation FD Disclosure
     -----------------------------------

     On March 31, 2005, International DisplayWorks,  Inc. (the "Company") signed
the final  agreements  for a new $20  million  revolving  credit line with Wells
Fargo HSBC Trade Bank N.A. The Company  previously  announced the signing of the
commitment  letter with Wells Fargo HSBC Trade Bank on a current  report of Form
8-K filed on February 22, 2005. The new line will replace an existing $5 million
asset-based  line  and  will  provide  additional  working  capital  along  more
favorable  terms. The new line of credit will be used by the Company meet demand
for new orders and to support capital requirements, including the development of
the Company's new manufacturing  facility.  Further  information can be found on
the attached press release as Exhibit 99.

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

     Item 9.01 Financial Statements and Exhibits

     Exhibit No.              Exhibit Description
     -----------              -------------------
        99                    Press Release dated March 31, 2005, titled
                              "International DisplayWorks, Inc.
                              Completes Agreement for $20 Million Revolving
                              Credit Line With Wells Fargo HSBC Trade Bank N.A."
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:  March 31, 2005       /s/ Alan M. Lefko
                             ------------------
                             Alan M. Lefko,
                             Vice President Finance
EXHIBIT INDEX

     Exhibit No.              Exhibit Description
     -----------              --------------------
        99                    Press Release dated March 31, 2005, titled
                              "International DisplayWorks, Inc.
                              Completes Agreement for $20 Million Revolving
                              Credit Line With Wells Fargo HSBC Trade Bank N.A
EXHIBIT 99

                                 [International DisplayWorks, Inc. Logo Omitted]

599 Menlo Drive, Suite 200
Rocklin, CA  95765-3708
Telephone (916) 415-0864 - Fax (916) 415-0645
www.idwk.com

   International DisplayWorks, Inc. Completes Agreement $20 Million Revolving
                Credit Line With Wells Fargo HSBC Trade Bank N.A.

FOR IMMEDIATE RELEASE
---------------------

For additional information contact:
Tom Lacey, CEO                                or     Matthew Hayden, President
International DisplayWorks, Inc.                     Hayden Communications, Inc.
(916) 415-0864                                       (843) 272-4653
                                                     matt@haydenir.com

Rocklin, CA - March 31, 2005. International DisplayWorks,  Inc. ("IDW") (Nasdaq:
IDWK)  today  reported  it has closed on the  previously  announced  $20 million
revolving  credit  line with  Wells  Fargo  HSBC  Trade  Bank N.A.  The new line
replaces  a $5  million  asset-based  line of  credit  provided  by Wells  Fargo
Business  Credit  and  provides  additional  working  capital  along  with  more
favorable terms.

IDW's Chief Executive Officer,  Tom Lacey,  commented,  "We now have the capital
necessary to fully execute our growth strategy, based on current estimates.

This  expanded  credit line,  which carries more  flexibility  than our previous
credit  facility,  will provide  additional  working capital to fund our ongoing
growth  through  the next 12 to 18  months,  based on  current  and  anticipated
requirements.  We are  pleased  to be working  with a bank the  caliber of Trade
Bank,  and  we  look  forward  to  a  long  and  mutually   beneficial   banking
relationship."

The Wells Fargo HSBC Trade Bank N.A. is an equity joint  venture  between  Wells
Fargo & Company and the HSBC Group. The only nationally chartered bank dedicated
exclusively  to  international  trade,  the Trade Bank offers US  companies  the
advantages of both global reach and comprehensive financial services.

Wells Fargo & Company is a  diversified  financial  services  company  with $420
billion in assets,  providing  banking,  insurance,  investments,  mortgage  and
consumer  finance to more than 23 million  customers from more than 6,000 stores
and  the  internet   (wellsfargo.com)   across  North   America  and   elsewhere
internationally.  Wells  Fargo Bank,  N.A. is the only "Aaa"-  rated bank in the
United States. Visit Wells Fargo at www.wellsfargo.com

HSBC  Holdings  plc is  headquartered  in the UK. The HSBC Group serves over 110
million  customers  worldwide  from more than 9,500  offices in 79 countries and
territories in Europe, the Asia-Pacific  region,  the Americas,  the Middle East
and Africa.  With assets of US$1,034 billion at 31 December 2003, HSBC is one of
the  world's  largest  banking and  financial  services  organizations.  HSBC is
marketed worldwide as `the world's local bank'. Visit HSBC at www.hsbc.com
About International DisplayWorks

International DisplayWorks,  Inc. is a manufacturer and designer of high quality
liquid crystal displays,  modules and assemblies for a variety of customer needs
including OEM  applications.  IDW operates  410,000 square feet of manufacturing
facilities  in the  People's  Republic of China (PRC) and employs  approximately
more than 2,400  people.  Sales  offices are located in US,  Europe,  Hong Kong,
Singapore, and China. Copies of IDW's 10-K and other documents as filed with the
SEC are available through a link on our web site: www.idwk.com.

NOTE: The foregoing is news relating to International DisplayWorks, Inc. ("IDW")
and contains  forward-looking  statements,  which are made  pursuant to the safe
harbor provisions of the Private  Securities  Litigation Reform Act of 1995. The
forward-looking  statements  involve  risks and  uncertainties  that could cause
actual results to differ materially from the  forward-looking  statements.  When
used in this release,  the words "anticipate,"  "believe,"  "estimate," "expect"
and  similar  expressions  as they  relate to IDW or its  management,  including
without  limitation,  IDW and its  subsidiaries,  are intended to identify  such
forward-looking  statements.  IDW's actual results,  performance or achievements
could  differ  materially  from the  results  expressed  in, or implied by these
forward-looking statements. For more detailed information the reader is referred
to IDW's 10-K and other related documents filed with the Securities and Exchange
Commission.  This does not constitute an offer to buy or sell  securities by the
Company and is meant purely for informational purposes.