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 30, 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        (I.R.S. Employer
incorporation or organization)            Number)            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 1 - Registrant's Business and Operations
------------------------------------------------

Item 1.01 Entry into a Material Definitive Agreement

     On March 30, 2005, International DisplayWorks, Inc. (the "Company") entered
into a definitive Purchase Agreement with Three-Five  Systems,  Inc. ("TFS") and
its wholly owned subsidiaries for the purchase of all outstanding  capital stock
of TFS' subsidiary Three-Five Systems Beijing (the "Agreement"). Under the terms
of the  Agreement,  the Company will purchase all  outstanding  capital stock of
Three-Five  Systems  Beijing  and  certain  other  manufacturing  equipment  for
$8-million  in cash and the  assumption of $2.4M in debt, as well as an earn-out
provision  if  certain  revenue  targets  are met  during  the first  year.  The
earn-outs carry two separate and distinct provisions, and if met will be paid in
IDW  common  stock  valued  at the  time of  issuance.  The  first  earn-out  is
predicated upon TFT cell phone display revenues from a specified customer during
the first twelve  months and the second is based upon a  combination  of TFT and
STN displays during the same period.  There are minimum revenue requirements for
each of the earnouts,  the total minimum of which equals $84 million.The Company
is not  acquiring  any accounts  payable,  accounts  receivable,  or any accrued
liabilities  - all of which will be netted at the  closing,  and may pay TFS for
any inventory used in the manufacture of displays after the first  $2-million in
inventory.  The accounting records reflect  approximately $5 million in existing
inventory,  but  there  is no  obligation  for the  Company  to pay TFS for such
inventory  above the $2-million in credit the Company  receives unless and until
such  inventory is actually  used. The obligation to pay for such inventory will
expire one year from the  closing of the  acquisition.  There are no  assurances
that there will be excess  inventory  value that will be paid to TFS,  and there
are no  assurances  that the  earn-out  thresholds  in revenue  will be met. Any
amounts to be paid pursuant to the earn-out will be paid through issuance of IDW
common  stock based on the  trailing  five day  closing  average for such common
stock prior to March 31, 2006.

     Three-Five  Systems Beijing is a wholly foreign owned enterprise located in
Beijing,  and  has a  long  term  lease  and  owns  the  building  in  which  it
manufactures  TFT  and  CSTN  displays.  Under  the  approval  and  registration
requirements  in the  People's  Republic  of  China  and  the  1997  regulations
concerning  changes of interest of  investors  in foreign  invested  enterprises
("Transfer Regulations"), TFS will submit the required application and paperwork
for approval of the transfer, and the parties will close the transaction and pay
the purchase price upon submission of the application for approval and transfer,
which is expected to occur within 10 days from entering into the Agreement.

     For more information,  see the press release attached as Exhibit 99 and the
Agreement attached as Exhibit 10.


<PAGE>

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

Item 9.01 Financial Statements and Exhibits.

         Exhibit No.          Exhibit Description
         -----------          -------------------
         10                   Purchase Agreement dated March 30, 2005.

         99                   Press   release   dated   March  30,  2005, titled
                              "International DisplayWorks Announces Agreement to
                              Acquire  Three-Five   System's   Beijing   Display
                              Manufacturing Facilities and Business"

         99                   Press   release   dated   March  30,  2005, titled
                              "International DisplayWorks  Announces  Conference
                              Call  to Discuss Its Agreement to Purchase  Three-
                              Five Systems Beijing (TFS Beijing)"


                                    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 30, 2005                         /s/ Alan M. Lefko
                                               ---------------------------------
                                               Alan M. Lefko,
                                               Vice President Finance
[{"type": "8-K", "sequence": "1", "filename": "for033005.txt", "secsgml_size_bytes": 6675}]
{"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": "05716115"}, "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 30, 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        (I.R.S. Employer
incorporation or organization)            Number)            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 1 - Registrant's Business and Operations
------------------------------------------------

Item 1.01 Entry into a Material Definitive Agreement

     On March 30, 2005, International DisplayWorks, Inc. (the "Company") entered
into a definitive Purchase Agreement with Three-Five  Systems,  Inc. ("TFS") and
its wholly owned subsidiaries for the purchase of all outstanding  capital stock
of TFS' subsidiary Three-Five Systems Beijing (the "Agreement"). Under the terms
of the  Agreement,  the Company will purchase all  outstanding  capital stock of
Three-Five  Systems  Beijing  and  certain  other  manufacturing  equipment  for
$8-million  in cash and the  assumption of $2.4M in debt, as well as an earn-out
provision  if  certain  revenue  targets  are met  during  the first  year.  The
earn-outs carry two separate and distinct provisions, and if met will be paid in
IDW  common  stock  valued  at the  time of  issuance.  The  first  earn-out  is
predicated upon TFT cell phone display revenues from a specified customer during
the first twelve  months and the second is based upon a  combination  of TFT and
STN displays during the same period.  There are minimum revenue requirements for
each of the earnouts,  the total minimum of which equals $84 million.The Company
is not  acquiring  any accounts  payable,  accounts  receivable,  or any accrued
liabilities  - all of which will be netted at the  closing,  and may pay TFS for
any inventory used in the manufacture of displays after the first  $2-million in
inventory.  The accounting records reflect  approximately $5 million in existing
inventory,  but  there  is no  obligation  for the  Company  to pay TFS for such
inventory  above the $2-million in credit the Company  receives unless and until
such  inventory is actually  used. The obligation to pay for such inventory will
expire one year from the  closing of the  acquisition.  There are no  assurances
that there will be excess  inventory  value that will be paid to TFS,  and there
are no  assurances  that the  earn-out  thresholds  in revenue  will be met. Any
amounts to be paid pursuant to the earn-out will be paid through issuance of IDW
common  stock based on the  trailing  five day  closing  average for such common
stock prior to March 31, 2006.

     Three-Five  Systems Beijing is a wholly foreign owned enterprise located in
Beijing,  and  has a  long  term  lease  and  owns  the  building  in  which  it
manufactures  TFT  and  CSTN  displays.  Under  the  approval  and  registration
requirements  in the  People's  Republic  of  China  and  the  1997  regulations
concerning  changes of interest of  investors  in foreign  invested  enterprises
("Transfer Regulations"), TFS will submit the required application and paperwork
for approval of the transfer, and the parties will close the transaction and pay
the purchase price upon submission of the application for approval and transfer,
which is expected to occur within 10 days from entering into the Agreement.

     For more information,  see the press release attached as Exhibit 99 and the
Agreement attached as Exhibit 10.
Section 9 - Financial Statements and Exhibits
---------------------------------------------

Item 9.01 Financial Statements and Exhibits.

         Exhibit No.          Exhibit Description
         -----------          -------------------
         10                   Purchase Agreement dated March 30, 2005.

         99                   Press   release   dated   March  30,  2005, titled
                              "International DisplayWorks Announces Agreement to
                              Acquire  Three-Five   System's   Beijing   Display
                              Manufacturing Facilities and Business"

         99                   Press   release   dated   March  30,  2005, titled
                              "International DisplayWorks  Announces  Conference
                              Call  to Discuss Its Agreement to Purchase  Three-
                              Five Systems Beijing (TFS Beijing)"

                                    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 30, 2005                         /s/ Alan M. Lefko
                                               ---------------------------------
                                               Alan M. Lefko,
                                               Vice President Finance