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): April 12, 2001


                           PHOENIX STAR VENTURES, INC.
                       ---- ----------------------------
             (Exact name of Registrant as specified in its charter)


     Delaware                         0-26277                    98-0204758
--------------------------------------------------------------------------------
(State or other jurisdiction    (Commission File No.)         (IRS Employer
of incorporation)                                           Identification No.)



                        999 West Hastings St., Suite 450
             Vancouver, British Columbia, Canada V6C 2W2 (Address of
                principal executive offices, including Zip Code)


       Registrant's telephone number, including area code: (604) 633-2556
                                                           --------------



                                wowtown.com, Inc.
             ----------------------------------- ------------------
          (Former name or former address if changed since last report)




<PAGE>



Item 1.  Changes in Control of Registrant

      See Item 2 of this report for information concerning shares purchased by
Century Capital Management Ltd.

Item 2.  Acquisition or Disposition of Assets

      At a special shareholder's meeting held on April 4, 2001, the shareholders
of the Company approved:

o    The sale of the Company's subsidiary,  Wowtown.com,  (Nevada) Inc., as well
     as certain other assets relating to the Company's business,  to 595796 B.C.
     Ltd., a corporation  controlled by Stephen Jackson, David Packman and David
     Jackson, all who are either present or former officers and directors of the
     Company.

o    A proposal to change the name of the Company to Phoenix Star Ventures, Inc.

o    A proposal to reverse  split of the  Company's  common stock such that each
     five  outstanding  shares of the Company's common stock were converted into
     one share of common stock.

     The sale of Wowtown/Nevada was completed on April 12, 2001. As part of this
sale, the Company sold all of the shares of  Wowtown/Nevada to 595796 B.C. Ltd.,
as well as certain  other assets  incidental  to the business of  Wowtown/Nevada
(i.e. trademarks,  trade names, Internet domain addresses, and office equipment)
in consideration for:

o    the return to the Company by 595796 B.C.  Ltd. of  9,500,000  shares of the
     Company's common stock;
o    the assumption by 595796 B.C. Ltd. of liabilities of approximately $190,000
     and certain contractual commitments relating to Wowtown/Nevada's  business;
     and
o    the   forgiveness  by  595796  B.C.  Ltd.  and  all  officers,   employees,
     shareholders  and  affiliates  of 595796 B.C. Ltd. of loans and advances in
     the amount of $28,400 made by such persons to the Company

     In  connection  with  the  sale of  Wowtown/Nevada  the  Company's  present
management,  with the exception of Stephen C. Jackson, resigned. As of April 12,
2001 Mr. Jackson was the Company's President and sole director.

     The Company has a consulting  agreement with Stephen Jackson which provides
that the Company  will pay Mr.  Jackson  $6,000 for devoting at least 25% of his
time to the  Company's  business  during the two month  period  ending April 30,
2001. The Company also granted Mr. Jackson an option to purchase  500,000 shares
of the Company's common stock at a price of $0.06 per share at any time prior to
April 30, 2002.

<PAGE>


     The change of the Company's  name to Phoenix Star  Ventures,  Inc., and the
five-for-one  reverse split were  effective on April 12, 2001. The Company's new
trading symbol on the OTC Bulletin Board is PXSV.

     On April 18, 2001 Century Capital Management Ltd. converted a $200,000 loan
to the Company into 5,000,000 shares of the Company's common stock.

     After  giving  effect to the reverse  stock  split and the  issuance of the
5,000,000 shares to Century Capital  Management  Ltd., the Company,  as of April
18, 2001, had 6,231,012 outstanding shares of common stock.

     The Company plans to acquire a new business.

Principal Shareholders

     The following  table sets forth the number of and percentage of outstanding
shares of common stock  beneficially owned by the Company's officer and director
and those  shareholders  owning more than 5% of the Company's Common Stock as of
April 18, 2001 after giving effect to (i) the return of the 9,500,000  shares by
595796  B.C.  Ltd.,  (ii) the  five-for-one  reverse  stock  split and (iii) the
issuance of the 5,000,000  shares of common stock to Century Capital  Management
Ltd.:

                                     Shares of
Name and Address                    Common Stock         Percent of Class
----------------                    ------------         -----------------

Stephen C. Jackson                     25,300 (1)               nil
Suite 450
999 West Hastings Street
Vancouver, British Columbia
Canada V6C 2W2

Century Capital Management Ltd.     5,000,000 (2)             80.2%
200 Burrard St., Suite 1650
Vancouver, British Columbia
Canada V6C 3L6

All Officers and Directors (1 person)  25,300                   nil

     (1) The 25,300 shares shown as owned by Stephen  Jackson are held of record
by 595796 B.C. Ltd. Mr. Jackson is a controlling  person of 595796 B.C. Ltd. and
may be deemed the  beneficial  owner of these  shares.  The share  ownership for
Stephen  Jackson  excludes  500,000 shares issuable upon the exercise of options
held by Mr. Jackson.

     (2) Andrew Hromyk is the sole  shareholder  of Century  Capital  Management
Ltd.


<PAGE>

Item 7.  Financial Statements, Pro Forma Financial Information

(a)  Not Applicable
(b)  Not Applicable
(c)  No exhibits are filed with this report

                                   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:  April 20, 2001

                                 PHOENIX STAR VENTURES INC.



                                 By:
                                    ------------------------------------------
                                      Stephen Jackson, President
[{"type": "8-K", "sequence": "1", "filename": "ph8-k.txt", "secsgml_size_bytes": 6686}]
{"company-data": {"conformed-name": "WOWTOWN COM INC", "cik": "0001086745", "assigned-sic": "4899", "irs-number": "980204758", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-26277", "film-number": "1608272"}, "business-address": {"street1": "SUITE 450 999 WEST HASTINGS ST", "street2": "VANCOVER BRITISH COLUMBIA", "city": "CANADA", "state": "A1", "zip": "V6C 2W2", "phone": "6046893355"}, "mail-address": {"street1": "SUITE 450 999 WEST HASTINGS ST", "street2": "VANCOUVER BRITISH COLUMBIA", "city": "CANADA", "state": "A1", "zip": "V6C 2W2"}, "former-company": {"former-conformed-name": "PARAMOUNT SERVICES CORP", "date-changed": "19990519"}}
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): April 12, 2001

                           PHOENIX STAR VENTURES, INC.
                       ---- ----------------------------
             (Exact name of Registrant as specified in its charter)

     Delaware                         0-26277                    98-0204758
--------------------------------------------------------------------------------
(State or other jurisdiction    (Commission File No.)         (IRS Employer
of incorporation)                                           Identification No.)

                        999 West Hastings St., Suite 450
             Vancouver, British Columbia, Canada V6C 2W2 (Address of
                principal executive offices, including Zip Code)

       Registrant's telephone number, including area code: (604) 633-2556
                                                           --------------

                                wowtown.com, Inc.
             ----------------------------------- ------------------
          (Former name or former address if changed since last report)
Item 1.  Changes in Control of Registrant

      See Item 2 of this report for information concerning shares purchased by
Century Capital Management Ltd.

Item 2.  Acquisition or Disposition of Assets

      At a special shareholder's meeting held on April 4, 2001, the shareholders
of the Company approved:

o    The sale of the Company's subsidiary,  Wowtown.com,  (Nevada) Inc., as well
     as certain other assets relating to the Company's business,  to 595796 B.C.
     Ltd., a corporation  controlled by Stephen Jackson, David Packman and David
     Jackson, all who are either present or former officers and directors of the
     Company.

o    A proposal to change the name of the Company to Phoenix Star Ventures, Inc.

o    A proposal to reverse  split of the  Company's  common stock such that each
     five  outstanding  shares of the Company's common stock were converted into
     one share of common stock.

     The sale of Wowtown/Nevada was completed on April 12, 2001. As part of this
sale, the Company sold all of the shares of  Wowtown/Nevada to 595796 B.C. Ltd.,
as well as certain  other assets  incidental  to the business of  Wowtown/Nevada
(i.e. trademarks,  trade names, Internet domain addresses, and office equipment)
in consideration for:

o    the return to the Company by 595796 B.C.  Ltd. of  9,500,000  shares of the
     Company's common stock;
o    the assumption by 595796 B.C. Ltd. of liabilities of approximately $190,000
     and certain contractual commitments relating to Wowtown/Nevada's  business;
     and
o    the   forgiveness  by  595796  B.C.  Ltd.  and  all  officers,   employees,
     shareholders  and  affiliates  of 595796 B.C. Ltd. of loans and advances in
     the amount of $28,400 made by such persons to the Company

     In  connection  with  the  sale of  Wowtown/Nevada  the  Company's  present
management,  with the exception of Stephen C. Jackson, resigned. As of April 12,
2001 Mr. Jackson was the Company's President and sole director.

     The Company has a consulting  agreement with Stephen Jackson which provides
that the Company  will pay Mr.  Jackson  $6,000 for devoting at least 25% of his
time to the  Company's  business  during the two month  period  ending April 30,
2001. The Company also granted Mr. Jackson an option to purchase  500,000 shares
of the Company's common stock at a price of $0.06 per share at any time prior to
April 30, 2002.
The change of the Company's  name to Phoenix Star  Ventures,  Inc., and the
five-for-one  reverse split were  effective on April 12, 2001. The Company's new
trading symbol on the OTC Bulletin Board is PXSV.

     On April 18, 2001 Century Capital Management Ltd. converted a $200,000 loan
to the Company into 5,000,000 shares of the Company's common stock.

     After  giving  effect to the reverse  stock  split and the  issuance of the
5,000,000 shares to Century Capital  Management  Ltd., the Company,  as of April
18, 2001, had 6,231,012 outstanding shares of common stock.

     The Company plans to acquire a new business.

Principal Shareholders

     The following  table sets forth the number of and percentage of outstanding
shares of common stock  beneficially owned by the Company's officer and director
and those  shareholders  owning more than 5% of the Company's Common Stock as of
April 18, 2001 after giving effect to (i) the return of the 9,500,000  shares by
595796  B.C.  Ltd.,  (ii) the  five-for-one  reverse  stock  split and (iii) the
issuance of the 5,000,000  shares of common stock to Century Capital  Management
Ltd.:

                                     Shares of
Name and Address                    Common Stock         Percent of Class
----------------                    ------------         -----------------

Stephen C. Jackson                     25,300 (1)               nil
Suite 450
999 West Hastings Street
Vancouver, British Columbia
Canada V6C 2W2

Century Capital Management Ltd.     5,000,000 (2)             80.2%
200 Burrard St., Suite 1650
Vancouver, British Columbia
Canada V6C 3L6

All Officers and Directors (1 person)  25,300                   nil

     (1) The 25,300 shares shown as owned by Stephen  Jackson are held of record
by 595796 B.C. Ltd. Mr. Jackson is a controlling  person of 595796 B.C. Ltd. and
may be deemed the  beneficial  owner of these  shares.  The share  ownership for
Stephen  Jackson  excludes  500,000 shares issuable upon the exercise of options
held by Mr. Jackson.

     (2) Andrew Hromyk is the sole  shareholder  of Century  Capital  Management
Ltd.
Item 7.  Financial Statements, Pro Forma Financial Information

(a)  Not Applicable
(b)  Not Applicable
(c)  No exhibits are filed with this report

                                   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:  April 20, 2001

                                 PHOENIX STAR VENTURES INC.

                                 By:
                                    ------------------------------------------
                                      Stephen Jackson, President