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  <TITLE> Odimo Incorporated (Form: 8-K) </TITLE>
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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	January 11, 2007
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  	Odimo Incorporated
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	Delaware
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  	000-51161
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  	223607813
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
  	(I.R.S. Employer
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	&nbsp;&nbsp;
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  	14051 N.W. 14th Street, Sunrise, Florida
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  	33323
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  _________________________________<BR>
  	(Address of principal executive offices)
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  ___________<BR>
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  	Registrant&#146;s telephone number, including area code:
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  	954-835-2233
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  	Not Applicable
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><P><FONT SIZE="2">
  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:</FONT>
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  <P><FONT SIZE="2">
  [&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  	Item 1.01 Entry into a Material Definitive Agreement.
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  The disclosures set forth in Items 2.01, 5.02 and 8.01 to this Current Report are incorporated into this Item by reference.
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  	Item 1.02 Termination of a Material Definitive Agreement.
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  The disclosures set forth in Item 5.02 to this Current Report are incorporated into this Item by reference.
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  	Item 2.01 Completion of Acquisition or Disposition of Assets.
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  On January 11, 2007, we sold selected machinery and equipment to Ice.com ("Ice) for $250,000.
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  	Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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  On January 16, 2007, Jeffrey Kornblum, our Chief Executive Officer and President and George Grous, our Chief Technology Officer each entered into Separation Agreements with the Company whereby, effective immediately, Messrs. Kornblum and Mr. Grous resigned their positions with the Company.  Under the Separation Agreements, Messrs. Kornblum and Grous received their salaries through January 15, 2007, we paid $50,000 to each of Messrs. Kornblum and Grous and all stock options granted to each of Messrs. Kornblum and Grous have been cancelled.   Copies of the Separation Agreements between the Company and each of Messrs. Kornblum and Grous are filed as Exhibits 10.1 and 10.2 and are incorporated by reference herein. <br><br>On January 15, 2007, the Company and Amerisa Kornblum, our Chief Financial Officer and Treasurer entered into a Termination Agreement whereby Ms. Kornblum's employment agreement has been terminated. Under the Termination Agreement, Ms. Kornblum received her salary through January 15, 2007, we paid $50,000 to Ms. Kornblum and all stock options granted to Ms. Kornblum have been cancelled.  Copies of the Termination Agreement between the Company and Ms. Kornblum is filed as Exhibit 10.3 and is incorporated by reference herein. Ms. Kornblum has agreed to continue to be employed by the Company as our Chief Financial Officer and to in addition, serve as our Acting Chief Executive Officer for an annual  base salary of $30,000.  <br>
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  	Item 8.01 Other Events.
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  As of January 16, 2007, Alan Lipton, our Chairman of the Board of Directors loaned to the Company the sum of $300,000.  The Company issued to Mr. Lipton an 8% secured promissory note in exchange for the funds (the "Note").  All interest and principal under the Note is repayable by the Company upon the earlier to occur of (a) January 16, 2010; or (ii) the occurrence of a change in control of the Company. Our repayment obligation under the Note is secured by all of the Company's assets.  We have used the proceeds of the loan from Mr. Lipton for working capital purposes, including payment of  our existing liabilities. <br><br><br>
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  	Item 9.01 Financial Statements and Exhibits.
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  (d)  Exhibits<br><br>Exhibit 10.1:  Separation Agreement dated January 16, 2007 between Odimo Incorporated and Jeff Kornblum    <br><br>Exhibit 10.2:  Separation Agreement dated January 16, 2007 between Odimo Incorporated and George Grous<br><br>Exhibit 10.3:  Termination Agreement dated January 15, 2007 between Odimo Incorporated and Amerisa Kornblum<br>
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  	SIGNATURES
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  	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.
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  	Odimo Incorporated
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  	&nbsp;&nbsp;
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  <I>
  	January 16, 2007
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  	By:
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  <I>
  	Amerisa Kornblum
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  <I>
  	Name: Amerisa Kornblum
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  <I>
  	Title: Chief Financial Officer
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  	Exhibit&nbsp;Index
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  	Exhibit No.
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  	Description
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  	10.1
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  	&nbsp;
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  Separation Agreement dated January 16, 2007 between Odimo Incorporated and Jeff Kornblum
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  	10.2
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  	&nbsp;
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  Separation Agreement dated January 16, 2007 between Odimo Incorporated and George Grous
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  	10.3
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  Termination Agreement dated January 15, 2007 between Odimo Incorporated and Amerisa Kornblum
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_17618.htm", "description": "LIVE FILING", "secsgml_size_bytes": 14062}]
metadata_filer: {"company-data": {"conformed-name": "Odimo INC", "cik": "0001292026", "assigned-sic": "5944", "irs-number": "223607813", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-51161", "film-number": "07537893"}, "business-address": {"street1": "14001 N.W. 4TH STREET", "city": "SUNRISE", "state": "FL", "zip": "33325", "phone": "954-835-2233"}, "mail-address": {"street1": "14001 N.W. 4TH STREET", "city": "SUNRISE", "state": "FL", "zip": "33325"}}
text: Odimo Incorporated (Form: 8-K)
  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):
  January 11, 2007
  Odimo Incorporated
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Delaware
  000-51161
  223607813
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  14051 N.W. 14th Street, Sunrise, Florida
  33323
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  954-835-2233
  Not Applicable
  ______________________________________________
  Former name or former address, if changed since last report
  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:
  [  ]  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))
  Top of the Form
  Item 1.01 Entry into a Material Definitive Agreement.
  The disclosures set forth in Items 2.01, 5.02 and 8.01 to this Current Report are incorporated into this Item by reference.
  Item 1.02 Termination of a Material Definitive Agreement.
  The disclosures set forth in Item 5.02 to this Current Report are incorporated into this Item by reference.
  Item 2.01 Completion of Acquisition or Disposition of Assets.
  On January 11, 2007, we sold selected machinery and equipment to Ice.com ("Ice) for $250,000.
  Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
  On January 16, 2007, Jeffrey Kornblum, our Chief Executive Officer and President and George Grous, our Chief Technology Officer each entered into Separation Agreements with the Company whereby, effective immediately, Messrs. Kornblum and Mr. Grous resigned their positions with the Company.  Under the Separation Agreements, Messrs. Kornblum and Grous received their salaries through January 15, 2007, we paid $50,000 to each of Messrs. Kornblum and Grous and all stock options granted to each of Messrs. Kornblum and Grous have been cancelled.   Copies of the Separation Agreements between the Company and each of Messrs. Kornblum and Grous are filed as Exhibits 10.1 and 10.2 and are incorporated by reference herein.
  On January 15, 2007, the Company and Amerisa Kornblum, our Chief Financial Officer and Treasurer entered into a Termination Agreement whereby Ms. Kornblum's employment agreement has been terminated. Under the Termination Agreement, Ms. Kornblum received her salary through January 15, 2007, we paid $50,000 to Ms. Kornblum and all stock options granted to Ms. Kornblum have been cancelled.  Copies of the Termination Agreement between the Company and Ms. Kornblum is filed as Exhibit 10.3 and is incorporated by reference herein. Ms. Kornblum has agreed to continue to be employed by the Company as our Chief Financial Officer and to in addition, serve as our Acting Chief Executive Officer for an annual  base salary of $30,000.
  Item 8.01 Other Events.
  As of January 16, 2007, Alan Lipton, our Chairman of the Board of Directors loaned to the Company the sum of $300,000.  The Company issued to Mr. Lipton an 8% secured promissory note in exchange for the funds (the "Note").  All interest and principal under the Note is repayable by the Company upon the earlier to occur of (a) January 16, 2010; or (ii) the occurrence of a change in control of the Company. Our repayment obligation under the Note is secured by all of the Company's assets.  We have used the proceeds of the loan from Mr. Lipton for working capital purposes, including payment of  our existing liabilities.
  Item 9.01 Financial Statements and Exhibits.
  (d)  Exhibits
  Exhibit 10.1:  Separation Agreement dated January 16, 2007 between Odimo Incorporated and Jeff Kornblum
  Exhibit 10.2:  Separation Agreement dated January 16, 2007 between Odimo Incorporated and George Grous
  Exhibit 10.3:  Termination Agreement dated January 15, 2007 between Odimo Incorporated and Amerisa Kornblum
  Top of the Form
  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.
  Odimo Incorporated
  January 16, 2007
  By:
  Amerisa Kornblum
  Name: Amerisa Kornblum
  Title: Chief Financial Officer
  Top of the Form
  Exhibit Index
  Exhibit No.
  Description
  10.1
  Separation Agreement dated January 16, 2007 between Odimo Incorporated and Jeff Kornblum
  10.2
  Separation Agreement dated January 16, 2007 between Odimo Incorporated and George Grous
  10.3
  Termination Agreement dated January 15, 2007 between Odimo Incorporated and Amerisa Kornblum