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)        August 15, 2003
                                                 -------------------------------


                               InfoNow Corporation
--------------------------------------------------------------------------------
               (Exact Name of Registrant as Specified in Charter)


          Delaware                     00-19813                 04-3083360
--------------------------------------------------------------------------------
(State or Other Jurisdiction          (Commission             (IRS Employer
     of Incorporation)               File Number)          Identification No.)



1875 Lawrence Street, Suite 1100, Denver, CO                            80202
--------------------------------------------------------------------------------
(Address of Principal Executive Offices)                              (Zip Code)


Registrant's telephone number, including area code        303-293-0212
                                                   -----------------------------


                                       N/A
--------------------------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)





<PAGE>



Item 9.  Regulation FD Disclosure.


     On or about August 15, 2003, InfoNow Corporation mailed a Mid-year Update
from the CEO to current and prospective shareholders. The text of the letter,
which summarizes previously publicly disclosed information, is provided below.



(logo)
InfoNow Corporation
1875 Lawrence Street, 11th Floor
Denver, CO 80202 USA

August 15, 2003

Dear InfoNow Investor,

I'm pleased to report that InfoNow delivered year-over-year improvements in
revenue, earnings, and cash flow despite a tough external environment. For the
first half of 2003, we reported:
-    revenue of $6.6 million, up 10 percent compared to the same period last
     year;
-    earnings of $36,000, a significant improvement compared to a net loss of
     $582,000 in the first half of 2002;
-    operating cash flow of $385,000 versus an operating cash use of $8,000 a
     year ago;
-    total cash flow of $189,000, up from total cash flow of $85,000 for the
     first half of 2002; and
-    a cash balance of $2.7 million, up 14 percent year-over-year.

Early in the year, we sharpened our strategic and operating focus on our new
Channel Insight solution. This break-through technology can track millions of
end-customer sales transactions through the channel. This enables clients to
know who their customers are and what they are buying, and therefore, allows
them to:
-    gain valuable insights into end-customer activity and behavior;
-    assign completed sales transactions to sales executives for purposes of
     compensation; - measure the effectiveness of sales and marketing campaigns;
-    segment sales by product line, vertical market, business-size and key
     accounts; and
-    develop highly competitive business strategies based on real-time market
     information.
We believe there is a large and growing market for this solution and, as far as
we can tell, no one else can do what we do. Consequently, we have applied for
patent protection for this technology, and we are doing everything we can do to
capitalize on our first-to-market position.

<PAGE>


Let me review some highlights for the first half of the year:

Customers:

We renewed and/or expanded the Channel Management software and services we
provide to nearly 50 percent of our existing clients, including companies such
as ABN AMRO, Apple, Avaya, Bank of America, Bank One, Hewlett-Packard, Lexmark,
Maytag, TD Canada Trust, Visa and Wachovia. Contract extensions were completed
for various elements of the Company's Channel Partner solution and Multi-Channel
Opportunity Suite, including partner profiling, locator and lead management
applications, as well as the Company's new Channel Insight solution. We also
converted a legacy application service provider agreement with our largest
client to a license software agreement, which resulted in the recognition of
approximately $587,000 of previously deferred revenue in the first quarter.

We completed an agreement with an existing high-tech client to expand its
initial Channel Insight deployment to additional tiers of resellers. We also
successfully completed proof-of-concepts for our Channel Insight solution with a
number of prospective clients. In addition, we completed phase two of a Channel
Insight pilot with an existing client, testing new applications in intelligent
lead generation and management. This effort should enable us to develop and
exploit significant new market opportunities for our Channel Management
offering.

Sales and Marketing:

We continued to invest in improving sales processes through recruitment of new
sales personnel, the development of new sales tools and ongoing sales training.
In the first quarter, we added one account manager and one pre-sales engineer to
the sales team. We now have 14 people in sales, including seven quota-carrying
reps. During the first half of 2003, we made meaningful progress moving Channel
Insight opportunities through the sales pipeline. A number of Channel Insight
prospects completed proof-of-concepts with us and now are characterized as
mid-to-late-stage sales opportunities.

We also developed and introduced new Channel Insight sales tools, with the
objective of accelerating the sales cycle for this solution. These tools provide
prospects an alternative to a full proof-of-concept to demonstrate the
capabilities of this technology. Finally, while our front-line sales reps are
spending more time moving existing opportunities through the later stages of the
sales cycle, we have redirected existing resources to help bring new
opportunities into the front-end of the pipeline, and these efforts have met
with considerable success.

<PAGE>


Software and Services:

We completed enhancements to our Multi-Channel Opportunity solution, including
new capabilities for customizing client business rules, and enhanced
functionality to support client compliance with the Americans with Disabilities
Act. We focused the majority of our development efforts, however, on our Channel
Insight technology. In the first half of the year, we added increased
functionality for commission credit assignment, enhanced business intelligence,
and data mining. We also standardized input formats for accepting client data,
created more efficient administrative tools, and improved the technology for
matching sales transactions to end customer businesses. These enhancements
should reduce implementation time and cost of Channel Insight deployments and
enable us to capture significant efficiencies in our services area.

We completed a broad market assessment and have identified new sales and
development opportunities for this solution, including enhanced functionality
for the design, generation and measurement of marketing campaigns, the
management of market development and co-op funds, and the support of other
corporate functions.

One of the most exciting opportunities we've identified is in the area of
marketing campaigns and promotions. Companies that sell through complex channels
easily spend hundreds of millions of dollars to generate new sales opportunities
- through third party call centers, specific market promotions, and other broad
based marketing programs. Without visibility into who their end-customers are
and what they are buying, these companies struggle to effectively target these
campaigns and measure the results of their efforts. Over the past two quarters,
we've been working with an existing client to help them implement very targeted
marketing campaigns. Using Channel Insight data to identify end-customer buying
patterns, we were able to identify a specific set of high-potential
opportunities, couple them with highly targeted promotions, and deliver them to
channel partners to offer to end customers. As a result, our client was able to
increase partner loyalty, drive sales through the channel, and increase
revenues. We're also finding that the sales impact goes beyond the targeted
product. There's a meaningful "halo effect" - and we're seeing an increase in
sales of ancillary products as well. Based on these promising early results,
we're about to embark on phase three of this pilot, with a new campaign
promoting more specialized, higher-margin products.

We're very excited about the potential of this solution. With each test, we're
able to refine the technology, processes, and algorithms around this
application, and strengthen our ability to incorporate this capability in future
releases of our Channel Management offering.

<PAGE>


Financial Management

We remain solidly optimistic about the potential market opportunity for Channel
Insight and related solutions, and we're making significant progress in
exploiting this opportunity. While we now have a growing number of mid-to-late
stage opportunities in our pipeline, it remains difficult to predict the exact
timing of sales closes, and therefore, the timing of related implementations and
revenue recognition.

Since we can't control the timing of sales closes, we focused on reducing the
impact of uncertain timing on the business. Recently, we took steps to achieve
this objective. These steps included a 14-person reduction in our regular
full-time personnel and a significant reduction in our use of temporary
resources, both primarily in our Services group. I should note that
approximately one third of the cost savings from this initiative came from
improved Channel Insight software technology. We also implemented a temporary
reduction in employee salaries through the end of this year. These reductions
are being implemented across the board, with higher reductions at higher salary
levels. The overall effect will be a 10 percent decrease, on average, in total
payroll expense through the end of this year.

Our objectives in taking these actions are three-fold:
     -    first, we captured efficiencies we've gained through improved Channel
          Insight software technology;
     -    second, we are building more variability into our cost structure, so
          that we can respond more effectively to variability in revenues
          quarter-to-quarter; and
     -    third, we are marshaling our resources to support continued investment
          in the sales and development of Channel Insight and related solutions.

We believe these actions will strengthen our ability to pursue a meaningful
market opportunity while enhancing our ability to grow profitability in 2003 and
beyond.

Summary:

We remain positive and confident about the near-term potential of our Channel
Insight solution. On a strategic level, we are focusing our efforts to exploit
this technology and the opportunities it presents. We expect to continue to
invest in key areas, specifically in sales and development, while maintaining
sufficient cash reserves to ensure our long-term success. On a tactical level,
we are managing the business to that end.

Based on our assessment of the sales pipeline, and expectations for stronger
sales in the second half of the year, we'd like to offer the following guidance
for InfoNow's projected performance in 2003:

-    For the third quarter, the Company expects flat-to-improving revenue, a
     smaller net loss and a decline in its cash balance compared to the second
     quarter, with a return to profitability and positive cash flow in the
     fourth quarter.

-    For the full year, the Company expects to deliver year-over-year
     improvements in both revenue and earnings.

As always, we appreciate your support, and we invite you to follow our progress.

Sincerely,

/s/ Michael Johnson

Michael Johnson
Chairman and CEO
InfoNow Corporation

Graphs  ($000s):
Revenue: First Half 2002: $5,938; First Half 2003: $6,560
Net Income (Loss): First Half 2002: ($582); First Half 2003: $36
Total Cash Flow: First Half 2002: $85; First Half 2003: $189
Cash Balance: First Half 2002: $2,344; First Half 2003: $2,679

<PAGE>


This letter contains forward-looking statements, including statements relating
to the Company's expectations for third-quarter and full-year financial results
in 2003. Statements regarding future events are based on InfoNow's current
expectations and are necessarily subject to associated risks related to, among
other things, the Company's ability to meet its 2003 objectives. The statements
made herein represent InfoNow's views as of the date of this letter, and it
should not be assumed that the statements made herein remain accurate as of any
future date. InfoNow undertakes no duty to any person to provide any interim
update under any circumstances, except as otherwise required by law. Detailed
information on factors that could cause actual results to differ materially from
forward-looking statements made in this letter are contained in the Company's
reports on form 10-KSB and 10-QSB filed with the Securities and Exchange
Commission. These reports may be accessed through the EDGAR database maintained
by the SEC at http://www.sec.gov/.

Limitation of Incorporation by Reference

     In accordance with the general instruction B.2 of Form 8-K, the information
in this report is furnished pursuant to Item 9 and shall not be deemed to be
"filed" for the purpose of Section 18 of the Securities Exchange Act of 1934, or
otherwise subject to the liability of that section.


--------------------------------------------------------------------------------


                                   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.


                                                INFONOW CORPORATION


Date:    August 15, 2003                        By:  /s/ Harold R. Herbst
       --------------------                     --------------------------------
                                                Name:    Harold R. Herbst
                                                Title:   Chief Financial Officer

--------------------------------------------------------------------------------
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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)        August 15, 2003
                                                 -------------------------------

                               InfoNow Corporation
--------------------------------------------------------------------------------
               (Exact Name of Registrant as Specified in Charter)

          Delaware                     00-19813                 04-3083360
--------------------------------------------------------------------------------
(State or Other Jurisdiction          (Commission             (IRS Employer
     of Incorporation)               File Number)          Identification No.)

1875 Lawrence Street, Suite 1100, Denver, CO                            80202
--------------------------------------------------------------------------------
(Address of Principal Executive Offices)                              (Zip Code)

Registrant's telephone number, including area code        303-293-0212
                                                   -----------------------------

                                       N/A
--------------------------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)
Item 9.  Regulation FD Disclosure.

     On or about August 15, 2003, InfoNow Corporation mailed a Mid-year Update
from the CEO to current and prospective shareholders. The text of the letter,
which summarizes previously publicly disclosed information, is provided below.

(logo)
InfoNow Corporation
1875 Lawrence Street, 11th Floor
Denver, CO 80202 USA

August 15, 2003

Dear InfoNow Investor,

I'm pleased to report that InfoNow delivered year-over-year improvements in
revenue, earnings, and cash flow despite a tough external environment. For the
first half of 2003, we reported:
-    revenue of $6.6 million, up 10 percent compared to the same period last
     year;
-    earnings of $36,000, a significant improvement compared to a net loss of
     $582,000 in the first half of 2002;
-    operating cash flow of $385,000 versus an operating cash use of $8,000 a
     year ago;
-    total cash flow of $189,000, up from total cash flow of $85,000 for the
     first half of 2002; and
-    a cash balance of $2.7 million, up 14 percent year-over-year.

Early in the year, we sharpened our strategic and operating focus on our new
Channel Insight solution. This break-through technology can track millions of
end-customer sales transactions through the channel. This enables clients to
know who their customers are and what they are buying, and therefore, allows
them to:
-    gain valuable insights into end-customer activity and behavior;
-    assign completed sales transactions to sales executives for purposes of
     compensation; - measure the effectiveness of sales and marketing campaigns;
-    segment sales by product line, vertical market, business-size and key
     accounts; and
-    develop highly competitive business strategies based on real-time market
     information.
We believe there is a large and growing market for this solution and, as far as
we can tell, no one else can do what we do. Consequently, we have applied for
patent protection for this technology, and we are doing everything we can do to
capitalize on our first-to-market position.
Let me review some highlights for the first half of the year:

Customers:

We renewed and/or expanded the Channel Management software and services we
provide to nearly 50 percent of our existing clients, including companies such
as ABN AMRO, Apple, Avaya, Bank of America, Bank One, Hewlett-Packard, Lexmark,
Maytag, TD Canada Trust, Visa and Wachovia. Contract extensions were completed
for various elements of the Company's Channel Partner solution and Multi-Channel
Opportunity Suite, including partner profiling, locator and lead management
applications, as well as the Company's new Channel Insight solution. We also
converted a legacy application service provider agreement with our largest
client to a license software agreement, which resulted in the recognition of
approximately $587,000 of previously deferred revenue in the first quarter.

We completed an agreement with an existing high-tech client to expand its
initial Channel Insight deployment to additional tiers of resellers. We also
successfully completed proof-of-concepts for our Channel Insight solution with a
number of prospective clients. In addition, we completed phase two of a Channel
Insight pilot with an existing client, testing new applications in intelligent
lead generation and management. This effort should enable us to develop and
exploit significant new market opportunities for our Channel Management
offering.

Sales and Marketing:

We continued to invest in improving sales processes through recruitment of new
sales personnel, the development of new sales tools and ongoing sales training.
In the first quarter, we added one account manager and one pre-sales engineer to
the sales team. We now have 14 people in sales, including seven quota-carrying
reps. During the first half of 2003, we made meaningful progress moving Channel
Insight opportunities through the sales pipeline. A number of Channel Insight
prospects completed proof-of-concepts with us and now are characterized as
mid-to-late-stage sales opportunities.

We also developed and introduced new Channel Insight sales tools, with the
objective of accelerating the sales cycle for this solution. These tools provide
prospects an alternative to a full proof-of-concept to demonstrate the
capabilities of this technology. Finally, while our front-line sales reps are
spending more time moving existing opportunities through the later stages of the
sales cycle, we have redirected existing resources to help bring new
opportunities into the front-end of the pipeline, and these efforts have met
with considerable success.
Software and Services:

We completed enhancements to our Multi-Channel Opportunity solution, including
new capabilities for customizing client business rules, and enhanced
functionality to support client compliance with the Americans with Disabilities
Act. We focused the majority of our development efforts, however, on our Channel
Insight technology. In the first half of the year, we added increased
functionality for commission credit assignment, enhanced business intelligence,
and data mining. We also standardized input formats for accepting client data,
created more efficient administrative tools, and improved the technology for
matching sales transactions to end customer businesses. These enhancements
should reduce implementation time and cost of Channel Insight deployments and
enable us to capture significant efficiencies in our services area.

We completed a broad market assessment and have identified new sales and
development opportunities for this solution, including enhanced functionality
for the design, generation and measurement of marketing campaigns, the
management of market development and co-op funds, and the support of other
corporate functions.

One of the most exciting opportunities we've identified is in the area of
marketing campaigns and promotions. Companies that sell through complex channels
easily spend hundreds of millions of dollars to generate new sales opportunities
- through third party call centers, specific market promotions, and other broad
based marketing programs. Without visibility into who their end-customers are
and what they are buying, these companies struggle to effectively target these
campaigns and measure the results of their efforts. Over the past two quarters,
we've been working with an existing client to help them implement very targeted
marketing campaigns. Using Channel Insight data to identify end-customer buying
patterns, we were able to identify a specific set of high-potential
opportunities, couple them with highly targeted promotions, and deliver them to
channel partners to offer to end customers. As a result, our client was able to
increase partner loyalty, drive sales through the channel, and increase
revenues. We're also finding that the sales impact goes beyond the targeted
product. There's a meaningful "halo effect" - and we're seeing an increase in
sales of ancillary products as well. Based on these promising early results,
we're about to embark on phase three of this pilot, with a new campaign
promoting more specialized, higher-margin products.

We're very excited about the potential of this solution. With each test, we're
able to refine the technology, processes, and algorithms around this
application, and strengthen our ability to incorporate this capability in future
releases of our Channel Management offering.
Financial Management

We remain solidly optimistic about the potential market opportunity for Channel
Insight and related solutions, and we're making significant progress in
exploiting this opportunity. While we now have a growing number of mid-to-late
stage opportunities in our pipeline, it remains difficult to predict the exact
timing of sales closes, and therefore, the timing of related implementations and
revenue recognition.

Since we can't control the timing of sales closes, we focused on reducing the
impact of uncertain timing on the business. Recently, we took steps to achieve
this objective. These steps included a 14-person reduction in our regular
full-time personnel and a significant reduction in our use of temporary
resources, both primarily in our Services group. I should note that
approximately one third of the cost savings from this initiative came from
improved Channel Insight software technology. We also implemented a temporary
reduction in employee salaries through the end of this year. These reductions
are being implemented across the board, with higher reductions at higher salary
levels. The overall effect will be a 10 percent decrease, on average, in total
payroll expense through the end of this year.

Our objectives in taking these actions are three-fold:
     -    first, we captured efficiencies we've gained through improved Channel
          Insight software technology;
     -    second, we are building more variability into our cost structure, so
          that we can respond more effectively to variability in revenues
          quarter-to-quarter; and
     -    third, we are marshaling our resources to support continued investment
          in the sales and development of Channel Insight and related solutions.

We believe these actions will strengthen our ability to pursue a meaningful
market opportunity while enhancing our ability to grow profitability in 2003 and
beyond.

Summary:

We remain positive and confident about the near-term potential of our Channel
Insight solution. On a strategic level, we are focusing our efforts to exploit
this technology and the opportunities it presents. We expect to continue to
invest in key areas, specifically in sales and development, while maintaining
sufficient cash reserves to ensure our long-term success. On a tactical level,
we are managing the business to that end.

Based on our assessment of the sales pipeline, and expectations for stronger
sales in the second half of the year, we'd like to offer the following guidance
for InfoNow's projected performance in 2003:

-    For the third quarter, the Company expects flat-to-improving revenue, a
     smaller net loss and a decline in its cash balance compared to the second
     quarter, with a return to profitability and positive cash flow in the
     fourth quarter.

-    For the full year, the Company expects to deliver year-over-year
     improvements in both revenue and earnings.

As always, we appreciate your support, and we invite you to follow our progress.

Sincerely,

/s/ Michael Johnson

Michael Johnson
Chairman and CEO
InfoNow Corporation

Graphs  ($000s):
Revenue: First Half 2002: $5,938; First Half 2003: $6,560
Net Income (Loss): First Half 2002: ($582); First Half 2003: $36
Total Cash Flow: First Half 2002: $85; First Half 2003: $189
Cash Balance: First Half 2002: $2,344; First Half 2003: $2,679
This letter contains forward-looking statements, including statements relating
to the Company's expectations for third-quarter and full-year financial results
in 2003. Statements regarding future events are based on InfoNow's current
expectations and are necessarily subject to associated risks related to, among
other things, the Company's ability to meet its 2003 objectives. The statements
made herein represent InfoNow's views as of the date of this letter, and it
should not be assumed that the statements made herein remain accurate as of any
future date. InfoNow undertakes no duty to any person to provide any interim
update under any circumstances, except as otherwise required by law. Detailed
information on factors that could cause actual results to differ materially from
forward-looking statements made in this letter are contained in the Company's
reports on form 10-KSB and 10-QSB filed with the Securities and Exchange
Commission. These reports may be accessed through the EDGAR database maintained
by the SEC at http://www.sec.gov/.

Limitation of Incorporation by Reference

     In accordance with the general instruction B.2 of Form 8-K, the information
in this report is furnished pursuant to Item 9 and shall not be deemed to be
"filed" for the purpose of Section 18 of the Securities Exchange Act of 1934, or
otherwise subject to the liability of that section.

--------------------------------------------------------------------------------

                                   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.

                                                INFONOW CORPORATION

Date:    August 15, 2003                        By:  /s/ Harold R. Herbst
       --------------------                     --------------------------------
                                                Name:    Harold R. Herbst
                                                Title:   Chief Financial Officer

--------------------------------------------------------------------------------