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<title>Forward Industries 8-K</title>

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<p align=center>SECURITIES AND EXCHANGE COMMISSION</p>

<p align=center>Washington, D.C. 20549</p>

<p align="center"><b>FORM 8-K</b></p>

<p align=center>CURRENT REPORT</p>

<p align=center>Pursuant
to Section 13 or 15(d) of<br>
the Securities Exchange Act of
1934</p>

<p align=center>Date
of Report (Date of Earliest Event Reported):<br>
January 6, 2003</p>

<p align=center><u>&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;FORWARD
INDUSTRIES,
INC.&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;<br>
</u>(Exact Name of
Registrant as Specified in Charter)</p>

<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="761" id="AutoNumber1">
  <tr>
    <td width="461" align="center" valign="top"><u>&nbsp;&nbsp;&nbsp;&nbsp;New
York&nbsp;&nbsp;&nbsp; </u></td>
    <td width="569" align="center" valign="top"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
0-6669&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></td>
    <td width="308" valign="top" align="center">&nbsp;<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
13-1950672&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></td>
  </tr>
  <tr>
    <td width="461" align="center" valign="top">(State
or Other<br>
    Jurisdiction of  Incorporation)</td>
    <td width="569" align="center" valign="top">(Commission
File&nbsp;&nbsp;Number)&nbsp;&nbsp;</td>
    <td width="308" valign="top" align="center">(IRS Employer<br>
    Identification No.)</td>
  </tr>
  <tr>
    <td width="461" align="center">&nbsp;</td>
    <td width="569" align="center">&nbsp;</td>
    <td width="308">&nbsp;</td>
  </tr>
  <tr>
    <td width="461" align="center">&nbsp;</td>
    <td width="569">&nbsp;</td>
    <td width="308">&nbsp;</td>
  </tr>
</table>

<p align=center>1801
Green Road Suite E<u><br>
&nbsp;&nbsp;&nbsp;
Pompano Beach, Florida 33064&nbsp;&nbsp;&nbsp;<br>
</u>(Address of Principal Executive Offices)</p>

<p align=center>Registrant's
Telephone Number, including<br>
area code: <u>&nbsp;(954) 419-9544</u></p>

<p align="center">&nbsp;<u>&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;&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;&nbsp;
<br>
</u>(Former Address, if changed since last report)</p>

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</i>
<hr color="#000080">
<pre>&nbsp;</pre>

<p><b>Item 7 <u>Financial Statements</u></b></p>

<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c)
Exhibits</p>

<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Exhibit
No</u>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Exhibit</u></p>

<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Press Release of Forward
Industries Inc. on January 6, 2003.</p>

<p><b>Item 9: <u>Regulation FD Disclosure</u></b></p>

<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On January 6, 2003, the
registrant issued the attached press release reporting that a Nasdaq
Qualifications Panel had approved the continued listing of its securities on
the Nasdaq SmallCap Market.</p>

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<p align=center>SIGNATURES</p>

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<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 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>



<p>Dated: January 6, 2003</p>

<p align="center">FORWARD INDUSTRIES, INC.</p>

<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="761" id="AutoNumber2">
  <tr>
    <td width="233">&nbsp;</td>
    <td width="528">By:<u> //s// Douglas W. Sabra___________</u></td>
  </tr>
  <tr>
    <td width="233">&nbsp;</td>
    <td width="528">&nbsp;&nbsp;&nbsp;&nbsp; Name: Douglas W. Sabra</td>
  </tr>
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    <td width="233">&nbsp;</td>
    <td width="528">&nbsp;&nbsp;&nbsp;&nbsp; Title: Vice President
and Chief Financial Officer</td>
  </tr>
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<p align=center><b>EXHIBIT INDEX</b></p>

<p>&nbsp;</p>

<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Exhibit #</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Exhibit</u></p>

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<p>&nbsp; 99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Press Release issued by Forward
Industries, Inc. on January 6, 2003.</p>





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{"company-data": {"conformed-name": "FORWARD INDUSTRIES INC", "cik": "0000038264", "assigned-sic": "3089", "irs-number": "131950672", "state-of-incorporation": "NY", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-06669", "film-number": "03505143"}, "business-address": {"street1": "400 POST AVENUE", "city": "WESTBURY", "state": "NY", "zip": "11590", "phone": "5163380700"}, "mail-address": {"street1": "400 POST AVENUE", "city": "WESTBURY", "state": "NY", "zip": "11590"}, "former-company": {"former-conformed-name": "PROGRESS HEAT SEALING CO INC", "date-changed": "19721111"}}
Forward Industries 8-K
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 6, 2003
FORWARD
INDUSTRIES,
INC.
(Exact Name of
Registrant as Specified in Charter)
New
York
0-6669
13-1950672
(State
or Other
Jurisdiction of  Incorporation)
(Commission
File  Number)
(IRS Employer
Identification No.)
1801
Green Road Suite E
Pompano Beach, Florida 33064
(Address of Principal Executive Offices)
Registrant's
Telephone Number, including
area code:
(954) 419-9544
(Former Address, if changed since last report)
Item 7
Financial Statements
(c)
Exhibits
Exhibit
No
.
Exhibit
99.1                 Press Release of Forward
Industries Inc. on January 6, 2003.
Item 9:
Regulation FD Disclosure
On January 6, 2003, the
registrant issued the attached press release reporting that a Nasdaq
Qualifications Panel had approved the continued listing of its securities on
the Nasdaq SmallCap Market.
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.
Dated: January 6, 2003
FORWARD INDUSTRIES, INC.
By:
//s// Douglas W. Sabra___________
Name: Douglas W. Sabra
Title: Vice President
and Chief Financial Officer
EXHIBIT INDEX
Exhibit #
Exhibit
99.1                 Press Release issued by Forward
Industries, Inc. on January 6, 2003.