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)                   June 19, 2003
                                                                   -------------


                                  CERBCO, Inc.
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


                                    Delaware
--------------------------------------------------------------------------------
                 (State or other jurisdiction of incorporation)


        0-16749                                                   54-1448835
--------------------------------------- ----------------------------------------
  (Commission File Number)                     (IRS Employer Identification No.)



3421 Pennsy Drive, Landover, Maryland                             20785-1608
--------------------------------------- ----------------------------------------
(Address of principal executive offices)                          (Zip Code)



               Registrant's telephone number including area code:
                              (301) 773-1784 (tel)
                              (301) 322-3041 (fax)


                                      None
--------------------------------------------------------------------------------
          (Former name or former address, if changed since last report)


Item 5. Other Events.

     See press release of the registrant dated June 19, 2003 attached hereto.



                                   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.

Date: June 19, 2003                                CERBCO, Inc.
                                    --------------------------------------------
                                                   (Registrant)


                                    /s/ Robert W. Erikson
                                    --------------------------------------------
                                    Robert W. Erikson
                                    President



<PAGE>


                                                                   PRESS RELEASE
                                                           For Immediate release


                CERBCO ANNOUNCES AGREEMENT FOR SALE OF ASSETS AND
              BUSINESS BY SUBSIDIARY INSITUFORM EAST TO INSITUFORM
                                  TECHNOLOGIES

     LANDOVER,  MD, June 19, 2003 - CERBCO,  Inc.  ("CERBCO")  (OTC: CERB) today
announced that its indirect,  majority owned  subsidiary,  Insituform East, Inc.
("East")  (OTC:  INEI),  has  entered  into an  Asset  Purchase  Agreement  with
Insituform  Technologies,   Inc.  ("ITI")  (Nasdaq  National  Market:  INSU)  of
Chesterfield,  MO, providing for the sale by East to ITI of substantially all of
East's  non-real  estate  assets  and  on-going   business,   including   East's
Insituform(R)  and  NuPipe(R)  licenses.  The purchase  price of $5.5 million is
payable in cash at closing, subject to adjustment and to a 10% escrow.

     The closing of the East sale to ITI,  which is expected to occur by the end
of August,  2003, is subject to certain  customary  conditions,  which include a
requirement that East provide notice of the sale to its stockholders. CERBCO has
approved  the  Asset  Purchase  Agreement  and  the  sale of  assets  to ITI and
CERBERONICS,  Inc., a wholly owned  subsidiary of CERBCO and East's  controlling
stockholder of record, has approved the Asset Purchase Agreement and the sale of
assets to ITI by a written  consent.  Therefore,  pursuant to  Delaware  law, no
further  action  of  CERBCO or of East's  stockholders  is  required  or will be
sought.  However,  East  expects  to  file  with  the  Securities  and  Exchange
Commission and provide to its stockholders an Information  Statement and related
documents  describing  the sale of assets to ITI.  Once filed with the SEC,  the
Information Statement will be available on the SEC's website, at www.sec.gov.

     The Asset Purchase Agreement provides, among other things, for the purchase
by ITI of (i) certain of East's operating  vehicles,  equipment and inventories,
(ii)  all of  East's  ongoing  contracts  and  (iii)  East's  Insituform(R)  and
NuPipe(R)  licenses.  East will retain all of its real estate assets, as well as
non-real  estate  assets,  with an aggregate  book value of  approximately  $8.9
million, not purchased by ITI, as well as all of its pre-sale liabilities.

     East has announced that,  following completion of the asset sale to ITI, it
intends to undertake  consideration,  in due course, of one or more transactions
designed to maximize  stockholder value. East currently  anticipates that such a
transaction may take the form of a corporate dissolution, the liquidation of its
remaining  assets and the ultimate  distribution  to  stockholders of any assets
remaining  after  satisfaction of East's  liabilities.  As East is CERBCO's sole
operating subsidiary, after the ITI sale and in light of East's consideration of
its future course of action,  CERBCO has announced  that it likewise  expects to
undertake  consideration  of one  or  more  transactions  designed  to  maximize
stockholder value. To the extent that East ultimately elects to dissolve, CERBCO
anticipates  that it is likely  that it will elect to  dissolve,  liquidate  its
remaining assets and, after satisfaction of its liabilities, including personnel
termination and related costs, transaction expenses and final liquidation costs,
distribute to its  stockholders any remaining  assets.  Any such dissolution and
plan of  distribution  of assets  would be subject to approval by both  CERBCO's
Board of Directors and its  stockholders.  Neither  CERBCO nor East currently is
able to  estimate  the time that  might be  required  to decide  upon its future
course of action  or, if it elects to  liquidate,  the time  required  to obtain
stockholder  approval for, or to effect,  such a  liquidation,  or the amount of
residual  assets,  if any, that ultimately may be available for  distribution to
their respective  stockholders.  However,  under the terms of the Asset Purchase
Agreement,  no distribution  to stockholders  may be made by East until at least
one year following the closing of the sale of assets to ITI.

     Upon the closing of the asset sale, ITI will have completed the acquisition
of the business of all of its North American Insituform(R) licensees,  initially
commenced by ITI in 1991.

     East's  Insituform(R)  brand  cured-in-place-pipe  ("CIPP")  rehabilitation
process utilizes  custom-manufactured  unwoven polyester fiber felt tubing, with
an elastomeric coating on the exterior surface.  The flat, pliable tube is later
impregnated with a liquid  thermosetting resin and the resin-saturated  material
is inserted in the pipe through an existing manhole or other access point. Using
a  temporary  inversion  duct and cold water  pressure,  the  material is turned
inside out as it is forced through the pipeline.  When the inverted and inflated
tube is fully extended,  the cold water is recirculated  through a heat-exchange
unit.  The  heated  water  cures the  thermosetting  resin to form a new,  hard,
jointless,  impact  and  corrosion  resistant  cured-in-place  pipe  within  the
original  pipe.  Lateral  or side  connections  are  then  reopened  by use of a
remotely controlled cutting device.

     Statements in this press release that are not  historical  fact  including,
without limitation,  statements as to East's agreement to sell substantially all
of its non-real  estate assets,  as well as the future plans of CERBCO and East,
are  forward-looking  statements,  as  that  term  is  defined  in  the  Private
Securities  Litigation  Reform  Act of 1995.  These  forward-looking  statements
involve known and unknown risks,  uncertainties and other important factors that
are  subject  to change at any time and from time to time.  Factors  that  could
cause actual results or developments  to differ  materially from those described
in or  contemplated  or  implied  by such  forward-looking  statements  include,
without limitation, the risk that the assumptions upon which the forward-looking
statements are based ultimately may prove to be incorrect or incomplete and that
the  transactions  contemplated  by the  Asset  Purchase  Agreement  will not be
consummated  in a  timely  manner  or  at  all,  as  well  as  other  risks  and
uncertainties  that are described in the Company's  filings with the  Securities
and Exchange Commission.

                                     * * *

Contact: Robert W. Erikson                           George Wm. Erikson
         President                                   Chairman
         (301) 773-1784                              (301) 773-1784
[{"type": "8-K", "sequence": "1", "filename": "cpr8kapa.txt", "description": "CERBCO ANNOUNCES AGREEMENT FOR SALE OF ASSETS AND BUSINESS BY SUBSIDIARY INSITUFORM EAST TO INSITUFORM TECHNOLOGIES", "secsgml_size_bytes": 9355}]
{"company-data": {"conformed-name": "CERBCO INC", "cik": "0000826821", "assigned-sic": "1700", "irs-number": "541448835", "state-of-incorporation": "DE", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-16749", "film-number": "03749467"}, "business-address": {"street1": "3421 PENNSY DR", "city": "LANDOVER", "state": "MD", "zip": "20785", "phone": "3017731784"}, "mail-address": {"street1": "3421 PENNSY DRIVE", "street2": "3421 PENNSY DRIVE", "city": "LANDOVER", "state": "MD", "zip": "20785"}}
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)                   June 19, 2003
                                                                   -------------

                                  CERBCO, Inc.
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

                                    Delaware
--------------------------------------------------------------------------------
                 (State or other jurisdiction of incorporation)

        0-16749                                                   54-1448835
--------------------------------------- ----------------------------------------
  (Commission File Number)                     (IRS Employer Identification No.)

3421 Pennsy Drive, Landover, Maryland                             20785-1608
--------------------------------------- ----------------------------------------
(Address of principal executive offices)                          (Zip Code)

               Registrant's telephone number including area code:
                              (301) 773-1784 (tel)
                              (301) 322-3041 (fax)

                                      None
--------------------------------------------------------------------------------
          (Former name or former address, if changed since last report)

Item 5. Other Events.

     See press release of the registrant dated June 19, 2003 attached hereto.

                                   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.

Date: June 19, 2003                                CERBCO, Inc.
                                    --------------------------------------------
                                                   (Registrant)

                                    /s/ Robert W. Erikson
                                    --------------------------------------------
                                    Robert W. Erikson
                                    President
PRESS RELEASE
                                                           For Immediate release

                CERBCO ANNOUNCES AGREEMENT FOR SALE OF ASSETS AND
              BUSINESS BY SUBSIDIARY INSITUFORM EAST TO INSITUFORM
                                  TECHNOLOGIES

     LANDOVER,  MD, June 19, 2003 - CERBCO,  Inc.  ("CERBCO")  (OTC: CERB) today
announced that its indirect,  majority owned  subsidiary,  Insituform East, Inc.
("East")  (OTC:  INEI),  has  entered  into an  Asset  Purchase  Agreement  with
Insituform  Technologies,   Inc.  ("ITI")  (Nasdaq  National  Market:  INSU)  of
Chesterfield,  MO, providing for the sale by East to ITI of substantially all of
East's  non-real  estate  assets  and  on-going   business,   including   East's
Insituform(R)  and  NuPipe(R)  licenses.  The purchase  price of $5.5 million is
payable in cash at closing, subject to adjustment and to a 10% escrow.

     The closing of the East sale to ITI,  which is expected to occur by the end
of August,  2003, is subject to certain  customary  conditions,  which include a
requirement that East provide notice of the sale to its stockholders. CERBCO has
approved  the  Asset  Purchase  Agreement  and  the  sale of  assets  to ITI and
CERBERONICS,  Inc., a wholly owned  subsidiary of CERBCO and East's  controlling
stockholder of record, has approved the Asset Purchase Agreement and the sale of
assets to ITI by a written  consent.  Therefore,  pursuant to  Delaware  law, no
further  action  of  CERBCO or of East's  stockholders  is  required  or will be
sought.  However,  East  expects  to  file  with  the  Securities  and  Exchange
Commission and provide to its stockholders an Information  Statement and related
documents  describing  the sale of assets to ITI.  Once filed with the SEC,  the
Information Statement will be available on the SEC's website, at www.sec.gov.

     The Asset Purchase Agreement provides, among other things, for the purchase
by ITI of (i) certain of East's operating  vehicles,  equipment and inventories,
(ii)  all of  East's  ongoing  contracts  and  (iii)  East's  Insituform(R)  and
NuPipe(R)  licenses.  East will retain all of its real estate assets, as well as
non-real  estate  assets,  with an aggregate  book value of  approximately  $8.9
million, not purchased by ITI, as well as all of its pre-sale liabilities.

     East has announced that,  following completion of the asset sale to ITI, it
intends to undertake  consideration,  in due course, of one or more transactions
designed to maximize  stockholder value. East currently  anticipates that such a
transaction may take the form of a corporate dissolution, the liquidation of its
remaining  assets and the ultimate  distribution  to  stockholders of any assets
remaining  after  satisfaction of East's  liabilities.  As East is CERBCO's sole
operating subsidiary, after the ITI sale and in light of East's consideration of
its future course of action,  CERBCO has announced  that it likewise  expects to
undertake  consideration  of one  or  more  transactions  designed  to  maximize
stockholder value. To the extent that East ultimately elects to dissolve, CERBCO
anticipates  that it is likely  that it will elect to  dissolve,  liquidate  its
remaining assets and, after satisfaction of its liabilities, including personnel
termination and related costs, transaction expenses and final liquidation costs,
distribute to its  stockholders any remaining  assets.  Any such dissolution and
plan of  distribution  of assets  would be subject to approval by both  CERBCO's
Board of Directors and its  stockholders.  Neither  CERBCO nor East currently is
able to  estimate  the time that  might be  required  to decide  upon its future
course of action  or, if it elects to  liquidate,  the time  required  to obtain
stockholder  approval for, or to effect,  such a  liquidation,  or the amount of
residual  assets,  if any, that ultimately may be available for  distribution to
their respective  stockholders.  However,  under the terms of the Asset Purchase
Agreement,  no distribution  to stockholders  may be made by East until at least
one year following the closing of the sale of assets to ITI.

     Upon the closing of the asset sale, ITI will have completed the acquisition
of the business of all of its North American Insituform(R) licensees,  initially
commenced by ITI in 1991.

     East's  Insituform(R)  brand  cured-in-place-pipe  ("CIPP")  rehabilitation
process utilizes  custom-manufactured  unwoven polyester fiber felt tubing, with
an elastomeric coating on the exterior surface.  The flat, pliable tube is later
impregnated with a liquid  thermosetting resin and the resin-saturated  material
is inserted in the pipe through an existing manhole or other access point. Using
a  temporary  inversion  duct and cold water  pressure,  the  material is turned
inside out as it is forced through the pipeline.  When the inverted and inflated
tube is fully extended,  the cold water is recirculated  through a heat-exchange
unit.  The  heated  water  cures the  thermosetting  resin to form a new,  hard,
jointless,  impact  and  corrosion  resistant  cured-in-place  pipe  within  the
original  pipe.  Lateral  or side  connections  are  then  reopened  by use of a
remotely controlled cutting device.

     Statements in this press release that are not  historical  fact  including,
without limitation,  statements as to East's agreement to sell substantially all
of its non-real  estate assets,  as well as the future plans of CERBCO and East,
are  forward-looking  statements,  as  that  term  is  defined  in  the  Private
Securities  Litigation  Reform  Act of 1995.  These  forward-looking  statements
involve known and unknown risks,  uncertainties and other important factors that
are  subject  to change at any time and from time to time.  Factors  that  could
cause actual results or developments  to differ  materially from those described
in or  contemplated  or  implied  by such  forward-looking  statements  include,
without limitation, the risk that the assumptions upon which the forward-looking
statements are based ultimately may prove to be incorrect or incomplete and that
the  transactions  contemplated  by the  Asset  Purchase  Agreement  will not be
consummated  in a  timely  manner  or  at  all,  as  well  as  other  risks  and
uncertainties  that are described in the Company's  filings with the  Securities
and Exchange Commission.

                                     * * *

Contact: Robert W. Erikson                           George Wm. Erikson
         President                                   Chairman
         (301) 773-1784                              (301) 773-1784