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<p align=center style='text-align:center; margin-left:0in; margin-right:0in'>&nbsp;<b>UNITED STATES<br>
SECURITIES AND EXCHANGE
COMMISSION<br>
Washington, D.C. 20549</b></p>



<p align=center style='text-align:center; margin-left:0in; margin-right:0in'><b>
<font size="4">FORM 8-K </font> </b></p>



<p align=center style='text-align:center; margin-left:0in; margin-right:0in'><b>CURRENT REPORT </b></p>



<p align=center style='text-align:center; margin-left:0in; margin-right:0in'><b>Pursuant to Section 13 OR 15(d) of
<br>
The Securities Exchange Act of 1934 </b></p>

<p align=center style='text-align:center; margin-left:0in; margin-right:0in'>Date of Report (Date of
earliest event reported) <br>
<b>January 20, 2005 </b> </p>



<p align=center style='text-align:center; margin-left:0in; margin-right:0in'><b>
<font size="5">Forward Industries, Inc.<br>
</font><font size="2">(Exact name of registrant
as specified in its charter) </font></b></p>





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  <p align=center style='text-align:center'><b>New York</b></p>
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  padding:0in 0in 0in 0in'>
  <p align=center style='text-align:center'><b>000-6669</b></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>

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  <td valign=bottom style='border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 0in 0in 0in'>
  <p align=center style='text-align:center'><b>13-1950672</b></p>
  </td>
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  <p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>(State or Other
  Jurisdiction<br>
	of Incorporation)</b></p>
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  <td valign=bottom style='padding:0in 0in 0in 0in'>

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  <td valign=top style='padding:0in 0in 0in 0in'>
  <p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>(Commission<br>
	File Number)</b></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>

  </td>
  <td valign=top style='padding:0in 0in 0in 0in'>
  <p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>(IRS Employer<br>
	Identification No.)</b></p>
  </td>
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  &nbsp;</td>
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  &nbsp;</td>
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  &nbsp;
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  &nbsp;</td>
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  &nbsp;</td>
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  &nbsp;</td>
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  &nbsp;</td>
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  &nbsp;</td>
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  padding:0in 0in 0in 0in'>
  <p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>1801 Green Road</b><b>, Suite E</b></p>
  <p align=center style='margin-top:0in;margin-right:0in;margin-bottom:.75pt;
  margin-left:0in;text-align:center'><b>Pompano Beach</b><b>, FL</b><b> </b></p>
  </td>
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  <td valign=bottom style='border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 0in 0in 0in'>
  <p align=center style='text-align:center'><b>33064</b></p>
  </td>
 </tr>
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  <p align=center style='text-align:center'><b>(Address of principal executive offices)</b></p>
  </td>
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  </td>
  <td valign=top style='padding:0in 0in 0in 0in'>
  <p align=center style='text-align:center'><b>(Zip&nbsp;Code)</b></p>
  </td>
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  &nbsp;</td>
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  &nbsp;</td>
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  &nbsp;</td>
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  &nbsp;</td>
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  &nbsp;</td>
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  &nbsp;</td>
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<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'>Registrant's telephone
number, including area code </p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>(954) 419-9544 </b></p>





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  <p align="center"><b>(Former name or former address, if changed since last
  report)</b></td>
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<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt'>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: <br>
&nbsp;</p>



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  <p>Written communications
  pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </p>
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  <p>Soliciting material
  pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </p>
  </td>
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  &nbsp;</td>
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  <p>Pre-commencement
  communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
  240.14d-2(b)) </p>
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  <p>Pre-commencement
  communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
  240.13e-4(c)) </p>
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<p style='margin:0in;margin-bottom:.0001pt;line-height:1.0pt'><b>&nbsp;</b></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt'><b>Item 2.02 Results of Operations and Financial
Condition. <br>
&nbsp;</b></p>



<p style='margin:0in;margin-bottom:.0001pt;text-indent:24.5pt'>On January 20, 2005 Forward
Industries Inc., issued a press release announcing its results of operations
for the quarter ended December 31, 2004.&nbsp; A copy of the press release is
attached as Exhibit 99.1.&nbsp; Complete unaudited financial statements as of,
and for the quarter ended, December 31, 2004, are set forth in the registrant's
Quarterly Report on Form 10-QSB filed with the Commission on the date hereof.</p>
<p style='margin:0in;margin-bottom:.0001pt;text-indent:24.5pt'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;text-indent:24.5pt'>&nbsp;</p>





<p style='margin:0in;margin-bottom:.0001pt'><b>Item 9.01. Financial Statements and Exhibits. </b></p>



<p>(c) Exhibits.</p>



<p style='margin-left:1.0in;text-indent:-1.0in'>Exhibit 99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Press release issued on January
20, 2005</p>
<p style='margin-left:1.0in;text-indent:-1.0in'>&nbsp;</p>
<p style='margin-left:1.0in;text-indent:-1.0in'>&nbsp;</p>
<p style='margin-left:1.0in;text-indent:-1.0in'>&nbsp;</p>
<p style='margin-left:1.0in;text-indent:-1.0in'>&nbsp;</p>
<p style='margin-left:1.0in;text-indent:-1.0in'>&nbsp;</p>
<p style='margin-left:1.0in;text-indent:-1.0in'>&nbsp;</p>
<p style='margin-left:1.0in;text-indent:-1.0in'>&nbsp;</p>
<p style='margin-left:1.0in;text-indent:-1.0in'>&nbsp;</p>
<p style='margin-left:1.0in;text-indent:-1.0in'>&nbsp;</p>
<p style='margin-left:1.0in;text-indent:-1.0in'>&nbsp;</p>





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line-height:1.0pt'><b>&nbsp;</b></p>

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<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center;
line-height:1.0pt'><b>&nbsp;</b></p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p>
<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p>
<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p>
<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>SIGNATURES </b></p>



<p style='margin:0in;margin-bottom:.0001pt;text-indent:24.5pt'>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 style='margin-left:1.0in;text-indent:-1.0in'><b>Forward Industries Inc.,</b></p>

<p style='margin-left:1.0in;text-indent:-1.0in'>&nbsp;</p>





<p style='margin-left:1.0in;text-indent:-1.0in'><b>By</b>:</p>





<p>/s/ Jerome E. Ball<br>
_______________________________________<br>
<b><br>
Name </b>Jerome
E. Ball<br>
<b>Title:</b> Chairman
and Chief Executive Officer<br>
<b>Dated:</b> January
20, 2005</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>

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line-height:1.0pt'><b>&nbsp;</b></p>

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<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p>
<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>EXHIBIT INDEX </b></p>
<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p>
<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p>

<p style='margin-left:1.0in;text-indent:-1.0in'><b><u>Exhibit No.</u></b><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Description</u></b></p>

<p>Exhibit 99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Press
release issued by the Registrant on January 20, 2005</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</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": "05539500"}, "business-address": {"street1": "1801 GREEN ROAD", "street2": "SUITE E", "city": "POMPANO BEACH", "state": "FL", "zip": "33064", "phone": "9544199544"}, "mail-address": {"street1": "1801 GREEN RD", "street2": "SUITE E", "city": "POMPANO BEACH", "state": "FL", "zip": "33064"}, "former-company": {"former-conformed-name": "PROGRESS HEAT SEALING CO INC", "date-changed": "19721111"}}
Forward Industries 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 20, 2005
Forward Industries, Inc.
(Exact name of registrant
as specified in its charter)
New York
000-6669
13-1950672
(State or Other
  Jurisdiction
of Incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
1801 Green Road
, Suite E
Pompano Beach
, FL
33064
(Address of principal executive offices)
(Zip Code)
Registrant's telephone
number, including area code
(954) 419-9544
(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 2.02 Results of Operations and Financial
Condition.
On January 20, 2005 Forward
Industries Inc., issued a press release announcing its results of operations
for the quarter ended December 31, 2004.  A copy of the press release is
attached as Exhibit 99.1.  Complete unaudited financial statements as of,
and for the quarter ended, December 31, 2004, are set forth in the registrant's
Quarterly Report on Form 10-QSB filed with the Commission on the date hereof.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits.
Exhibit 99.1            Press release issued on January
20, 2005
-1-
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.
Forward Industries Inc.,
By
:
/s/ Jerome E. Ball
_______________________________________
Name
Jerome
E. Ball
Title:
Chairman
and Chief Executive Officer
Dated:
January
20, 2005
-2-
EXHIBIT INDEX
Exhibit No.
Description
Exhibit 99.1            Press
release issued by the Registrant on January 20, 2005
-3-