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<title>Form 8-K - Prepared by e-Services, LLC. - www.edgar2.com</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 22, 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;</u></p>

<p align="center">(Exact Name of
Registrant as Specified in Charter)</p>

<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%">
  <tr>
    <td align="center"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u>
    </td>
    <td align="center"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    0-6669&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u></td>
    <td align="center"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    13-1950672&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;</u></td>
  </tr>
  <tr>
    <td align="center" valign="top">(State
or Other&nbsp;&nbsp; <br>
    &nbsp;Jurisdiction of&nbsp;&nbsp; <br>
&nbsp; Incorporation)&nbsp;&nbsp;&nbsp;</td>
    <td align="center" valign="top">(Commission
File<br>
    Number)&nbsp;&nbsp; </td>
    <td align="center" valign="top">(IRS
Employer<br>
    Identification
No.)</td>
  </tr>
</table>

<p align=center>1801
Green Road Suite E<br>
<u>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><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;
</u><br>
(Former Address, if changed since last report)</p>

<hr color="#000080"><P style="page-break-after: always"></p>

<p>&nbsp;</p>

<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; <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; Press
Release of Forward Industries Inc. on January 22, 2002</p>

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

<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On January 22, 2003, the
registrant issued the attached press release reporting its operating results
for the fiscal quarter ended December 31, 2002. </p>

<hr color="#808080" width="90%" size="1">

<p align="center">SIGNATURES</p>

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



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<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="730">
  <tr>
    <td width="320">Dated: January 22, 2003&nbsp;&nbsp; </td>
    <td width="30">&nbsp;&nbsp; </td>
    <td width="418">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FORWARD INDUSTRIES, INC.</td>
  </tr>
  <tr>
    <td width="320">&nbsp;</td>
    <td width="30">&nbsp;</td>
    <td width="418">&nbsp;</td>
  </tr>
  <tr>
    <td width="320">&nbsp;&nbsp; </td>
    <td width="30">By:</td>
    <td width="418"><u>&nbsp;//s// Douglas W. Sabra___________</u></td>
  </tr>
  <tr>
    <td width="320">&nbsp;&nbsp; </td>
    <td width="30">&nbsp;&nbsp; </td>
    <td width="418">Name: Douglas W. Sabra</td>
  </tr>
  <tr>
    <td width="320">&nbsp;&nbsp; </td>
    <td width="30">&nbsp;&nbsp; </td>
    <td width="418">Title: Vice President
and Chief Financial Officer</td>
  </tr>
</table>
</div>
<p>&nbsp;</p>
<hr color="#808080" width="90%" size="1">

<p align="center"><b>EXHIBIT INDEX</b></p>

<div align="left">
  <table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="730">
    <tr>
      <td width="99"> <u>Exhibit #&nbsp;&nbsp; <br>
&nbsp;</u></td>
      <td width="643"> <u>Exhibit<br>
&nbsp;</u></td>
    </tr>
    <tr>
      <td width="99">99.1&nbsp;&nbsp; </td>
      <td width="643">Press
Release issued by Forward Industries, Inc. on January 22, 2002.</td>
    </tr>
  </table>
</div>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p align="center">-2-</p>

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Form 8-K - Prepared by e-Services, LLC. - www.edgar2.com
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 22, 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 22, 2002
Item 9:
Regulation FD Disclosure
On January 22, 2003, the
registrant issued the attached press release reporting its operating results
for the fiscal quarter ended December 31, 2002.
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 22, 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 22, 2002.
-2-