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<P style="font-size: 14pt" align="center"><B>UNITED STATES<BR>
SECURITIES AND
EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P style="font-size: 18pt" align="center"><B>FORM 8-K</B>

<P style="font-size: 12pt" align="center"><B>CURRENT REPORT<BR>
Pursuant to
Section 13 or 15(d) of the Securities Exchange Act of 1934</B>

<P style="font-size: 10pt" align="center"><B>Date of Report (Date of earliest
event reported): December 24, 2008</B>



<P style="font-size: 24pt" align="center"><B>IFTH ACQUISITION
CORP.<BR>
</B><FONT style="font-size: 10pt">(Exact name of registrant as
specified in its charter) </FONT>
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  <TD width="32%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="33%">&nbsp;</TD>
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  <TD width="32%">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD style="border-bottom: #000000 1px solid"><B>DELAWARE</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>000-22693</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>11-2889809</B></TD>
 </TR>
 <TR valign="top">
  <TD>(State or other Jurisdiction of Incorporation)</TD>
  <TD>&nbsp;</TD>
  <TD>(Commission File Number)</TD>
  <TD>&nbsp;</TD>
  <TD>(IRS Employer Identification No.)</TD>
 </TR>

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cellpadding="0" width="100%" border="0">

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  <TD width="49%">&nbsp;</TD>
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  <TD width="49%">&nbsp;</TD>
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 <TR valign="bottom">
  <TD style="border-bottom: #000000 1px solid"><B>1690 SOUTH CONGRESS AVENUE,
SUITE 200<BR>
DELRAY BEACH, FLORIDA<BR>
</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>33445</B></TD>
 </TR>
 <TR valign="top">
  <TD>(Address of Principal Executive Offices)</TD>
  <TD>&nbsp;</TD>
  <TD>(Zip Code)</TD>
 </TR>

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<P style="font-size: 10pt" align="center">Registrant&#8217;s telephone number,
including area code: <B>561-805-8000</B>
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cellpadding="0" width="30%" border="0">

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  <TD style="border-bottom: #000000 1px solid" nowrap><B>&nbsp;</B></TD>
 </TR>
 <TR>
  <TD nowrap>(Former name or former address if changed since last report.)</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="left">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:

<P style="font-size: 10pt" align="left"><FONT face="Wingdings">o</FONT> Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)<BR>
<BR>
<FONT face="Wingdings">o</FONT> Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR>
<BR>
<FONT
face="Wingdings">o</FONT> Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR>
<BR>
<FONT
face="Wingdings">o</FONT> Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>

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<P style="font-size: 10pt; margin-right: 2%" align="left"><B>Item&nbsp;1.01
Entry into a Material Definitive Agreement.</B>

<P style="font-size: 10pt; margin-right: 2%" align="left">On December&nbsp;29,
2008, a wholly-owned subsidiary of IFTH Acquisition Corp. (the
&#8220;Company&#8221;), National Credit Report.com, LLC (&#8220;NCRC&#8221;),
entered into a Marketing Affiliate Agreement (the &#8220;Agreement&#8221;) with
Equidata, Inc. Pursuant to the Agreement, NCRC can market personal credit,
fraud detection, credit scoring and credit monitoring services provided by
Equidata, Inc. The term of the Agreement is for one year after which time the
Agreement automatically renews for the same period. The Agreement may be
terminated by either party with cause upon thirty days written notice, except
that upon NCRC&#8217;s default in payment or other breach of the Agreement,
Equidata, Inc. may terminate the Agreement without notice. The Agreement
terminates the Marketing Affiliate Agreement, dated as of October&nbsp;1, 2008,
between NCRC and Equidata, Inc., which contained substantially the same terms
as the Agreement.

<P style="font-size: 10pt; margin-right: 2%" align="left"><B>Item&nbsp;1.02
Termination of a Material Definitive Agreement.</B>

<P style="font-size: 10pt; margin-right: 2%" align="left">See the disclosure
set forth in Item&nbsp;1.01 above, which is incorporated herein by reference.

<P style="font-size: 10pt; margin-right: 2%" align="left"><B>Item&nbsp;5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment
of Certain Officers; Compensatory Arrangements of Certain Officers.</B>

<P style="font-size: 10pt" align="left">Effective December&nbsp;24, 2008, the
board of directors of the Company appointed Charles E. Baker, III, and Kevin H.
McLaughlin as directors of the Company. In connection with the appointment,
Messrs.&nbsp;Baker and McLaughlin each received 100,000 shares of restricted
stock, which vests on January&nbsp;1, 2010. It is expected that Mr.&nbsp;Baker
will serve on the compensation and nominating committees and
Mr.&nbsp;McLaughlin will serve on the compensation and audit committees.

<P style="font-size: 10pt" align="left">There are no arrangements or
understandings between Messrs.&nbsp;Baker and McLaughlin and any other persons
pursuant to which Messrs.&nbsp;Baker and McLaughlin were selected as directors.
There are no related party transactions, as provided for in Item 404(a) of
Regulation&nbsp;S-K, between Messrs.&nbsp;Baker and McLaughlin and the Company.

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<P style="font-size: 10pt" align="center">&nbsp;

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<P style="font-size: 10pt" align="center"><U><B>SIGNATURES</B></U>

<P style="font-size: 10pt; text-indent: 3%" align="left">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.

<P style="font-size: 10pt; margin-left: 44%; margin-right: 2%"
align="left"><B>IFTH Acquisition Corp.</B>

<P style="font-size: 10pt; margin-right: 2%" align="left">Date:
December&nbsp;31, 2008

<P
style="margin-top: -11pt; font-size: 10pt; margin-left: 44%; margin-right: 2%"
align="left"><U>/s/ William J.
Caragol&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><br>William J. Caragol<BR>
Chief Executive Officer, President and<br>Acting
Chief Financial Officer

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{"company-data": {"conformed-name": "IFTH ACQUISITION CORP", "cik": "0001037417", "assigned-sic": "7373", "irs-number": "112889809", "state-of-incorporation": "DE", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-22693", "film-number": "081278577"}, "business-address": {"street1": "7 KINGSBRIDGE ROAD", "city": "FAIRFIELD", "state": "NJ", "zip": "07004", "phone": "9732278722"}, "mail-address": {"street1": "7 KINGSBRIDGE ROAD", "city": "FAIRFIELD", "state": "NJ", "zip": "07004"}, "former-company": [{"former-conformed-name": "INFOTECH USA INC", "date-changed": "20030410"}, {"former-conformed-name": "SYSCOMM INTERNATIONAL CORP", "date-changed": "19970408"}]}
Filed by Bowne Pure Compliance
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): December 24, 2008
IFTH ACQUISITION
CORP.
(Exact name of registrant as
specified in its charter)
DELAWARE
000-22693
11-2889809
(State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
1690 SOUTH CONGRESS AVENUE,
SUITE 200
DELRAY BEACH, FLORIDA
33445
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number,
including area code:
561-805-8000
(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:
o
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o
Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01
Entry into a Material Definitive Agreement.
On December 29,
2008, a wholly-owned subsidiary of IFTH Acquisition Corp. (the
"Company"), National Credit Report.com, LLC ("NCRC"),
entered into a Marketing Affiliate Agreement (the "Agreement") with
Equidata, Inc. Pursuant to the Agreement, NCRC can market personal credit,
fraud detection, credit scoring and credit monitoring services provided by
Equidata, Inc. The term of the Agreement is for one year after which time the
Agreement automatically renews for the same period. The Agreement may be
terminated by either party with cause upon thirty days written notice, except
that upon NCRC's default in payment or other breach of the Agreement,
Equidata, Inc. may terminate the Agreement without notice. The Agreement
terminates the Marketing Affiliate Agreement, dated as of October 1, 2008,
between NCRC and Equidata, Inc., which contained substantially the same terms
as the Agreement.
Item 1.02
Termination of a Material Definitive Agreement.
See the disclosure
set forth in Item 1.01 above, which is incorporated herein by reference.
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment
of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective December 24, 2008, the
board of directors of the Company appointed Charles E. Baker, III, and Kevin H.
McLaughlin as directors of the Company. In connection with the appointment,
Messrs. Baker and McLaughlin each received 100,000 shares of restricted
stock, which vests on January 1, 2010. It is expected that Mr. Baker
will serve on the compensation and nominating committees and
Mr. McLaughlin will serve on the compensation and audit committees.
There are no arrangements or
understandings between Messrs. Baker and McLaughlin and any other persons
pursuant to which Messrs. Baker and McLaughlin were selected as directors.
There are no related party transactions, as provided for in Item 404(a) of
Regulation S-K, between Messrs. Baker and McLaughlin and the Company.
2
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.
IFTH Acquisition Corp.
Date:
December 31, 2008
/s/ William J.
Caragol
William J. Caragol
Chief Executive Officer, President and
Acting
Chief Financial Officer
3