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: - July 26, 2000

                                BIORELEASE CORP.
               --------------------------------------------------
               (Exact name of registrant as specified in charter)


  Delaware                         0-15260                     88-0218411
---------------                ---------------              -----------------
Jurisdiction of                Commission File              I. R. S. Employer
Incorporation                      Number                     Identification
                                                                 Number

               340 Granite Street, Suite 200, Manchester, NH 03102
               ---------------------------------------------------
                    (Address of principal executive offices)

                         Registrant's telephone number:
                                 (603) 641-8443

Item 5.  Other Events

On June 30, 2000, The Company and Polar Molecular Corporation executed a further
amendment to the December  20, 1999 Amended and Restated  Agreement  and Plan of
Reorganization (herein referred as the "Amendment").  Under the Amendment, Polar
Molecular  and the Company have agreed to extend the closing to a date not later
than  September  30, 2000 in order to allow time to complete year end audits for
both  companies  and to complete all  necessary  securities  filings.  Under the
Amendment,  Polar  Molecular  will continue to be  responsible  to reimburse the
Company for costs associated with the reorganization.

                                   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. BIORELEASE CORP

                                                /s/ R. Bruce Reeves, President
                                                ------------------------------
                                                    R. Bruce Reeves, President
Dated:        July 26, 2000
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{"company-data": {"conformed-name": "BIORELEASE CORP", "cik": "0000797662", "assigned-sic": "2836", "irs-number": "880218411", "state-of-incorporation": "DE", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-15260", "film-number": "679019"}, "business-address": {"street1": "340 GRANITE STREET", "street2": "SUITE 200", "city": "MANCHESTER", "state": "NH", "zip": "03102-4004", "phone": "6036418443"}, "mail-address": {"street1": "340 GRANITE STREET", "street2": "SUITE 200", "city": "MANCHESTER", "state": "NH", "zip": "13102-4004"}, "former-company": {"former-conformed-name": "OIA INC", "date-changed": "19920703"}}
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: - July 26, 2000

                                BIORELEASE CORP.
               --------------------------------------------------
               (Exact name of registrant as specified in charter)

  Delaware                         0-15260                     88-0218411
---------------                ---------------              -----------------
Jurisdiction of                Commission File              I. R. S. Employer
Incorporation                      Number                     Identification
                                                                 Number

               340 Granite Street, Suite 200, Manchester, NH 03102
               ---------------------------------------------------
                    (Address of principal executive offices)

                         Registrant's telephone number:
                                 (603) 641-8443

Item 5.  Other Events

On June 30, 2000, The Company and Polar Molecular Corporation executed a further
amendment to the December  20, 1999 Amended and Restated  Agreement  and Plan of
Reorganization (herein referred as the "Amendment").  Under the Amendment, Polar
Molecular  and the Company have agreed to extend the closing to a date not later
than  September  30, 2000 in order to allow time to complete year end audits for
both  companies  and to complete all  necessary  securities  filings.  Under the
Amendment,  Polar  Molecular  will continue to be  responsible  to reimburse the
Company for costs associated with the reorganization.

                                   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. BIORELEASE CORP

                                                /s/ R. Bruce Reeves, President
                                                ------------------------------
                                                    R. Bruce Reeves, President
Dated:        July 26, 2000