UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 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): July 1, 2004


                                MONACO GROUP INC.
                                -----------------
             (Exact name of registrant as specified in its charter)

           Delaware                     0 - 50752               98-0404764
           --------                     ---------               ----------
(State or other jurisdiction of      (Commission File        (I.R.S. Employer
incorporation or organization)           Number)          Identification Number)


          20A Voyager Court South, Etobicoke, Ontario, Canada, M9W 5M7
          ------------------------------------------------------------
                    (Address of principal executive offices)


                                 (416) 213-0028
                                 --------------
                         (Registrant's telephone number)





<PAGE>






ITEM 5.   OTHER EVENTS AND REGULATION FD DISCLOSURE
---------------------------------------------------

On July 1, 2004,  Monaco Group Inc.,  a Delaware  corporation  (the  "Company"),
entered into a Share Purchase  Agreement with Amton Inc., a New York corporation
("Amton")  (the  "Share  Purchase  Agreement").  Under  the  terms of the  Share
Purchase  Agreement,  Amton  will  sell to the  Company  all of the  issued  and
outstanding shares of Bayshore Foods Inc., an Ontario corporation  ("Bayshore"),
in  consideration  of a note payable in the amount of $350,000  Canadian dollars
and 400,000 shares of the common stock of the Company ("Transaction").

The Transaction is expected to close on or about July 15, 2004.


ITEM 7.   FINANCIAL STATEMENTS AND EXHIBITS
-------------------------------------------

(c)  Exhibits

Exhibit Number   Description
--------------   ---------------------------------------------------------------
10.4             Share Purchase Agreement dated July 1, 2004 By and Among Monaco
                 Group Inc. and Amton Inc.




                                   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 thereunto duly authorized.


                                                Monaco Group Inc.
                                                -----------------
                                                (Registrant)


                                                /s/ Peter Nelipa
                                                ------------------------------
                                                Peter Nelipa
                                                Chief Executive Officer
                                                (Duly Authorized Officer)

                                                Date: July 1, 2004



<PAGE>






                                  EXHIBIT INDEX
                                  -------------


Exhibit Number  Description
--------------  ----------------------------------------------------------------
10.4            Share Purchase Agreement dated July 1, 2004 By and Among Monaco
                Group Inc. and Amton Inc.
[{"type": "8-K", "sequence": "1", "filename": "monaco8k070204.txt", "description": "MONACO GROUP 8K, 07.01.04", "secsgml_size_bytes": 3597}]
{"company-data": {"conformed-name": "MONACO GROUP INC", "cik": "0001269036", "assigned-sic": "5141", "irs-number": "980404764", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-50752", "film-number": "04900462"}, "mail-address": {"street1": "20A VOYAGER CT SOUTH", "city": "ETOBICOKE", "state": "A6", "zip": "M9W 5M7"}}
UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 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): July 1, 2004

                                MONACO GROUP INC.
                                -----------------
             (Exact name of registrant as specified in its charter)

           Delaware                     0 - 50752               98-0404764
           --------                     ---------               ----------
(State or other jurisdiction of      (Commission File        (I.R.S. Employer
incorporation or organization)           Number)          Identification Number)

          20A Voyager Court South, Etobicoke, Ontario, Canada, M9W 5M7
          ------------------------------------------------------------
                    (Address of principal executive offices)

                                 (416) 213-0028
                                 --------------
                         (Registrant's telephone number)
ITEM 5.   OTHER EVENTS AND REGULATION FD DISCLOSURE
---------------------------------------------------

On July 1, 2004,  Monaco Group Inc.,  a Delaware  corporation  (the  "Company"),
entered into a Share Purchase  Agreement with Amton Inc., a New York corporation
("Amton")  (the  "Share  Purchase  Agreement").  Under  the  terms of the  Share
Purchase  Agreement,  Amton  will  sell to the  Company  all of the  issued  and
outstanding shares of Bayshore Foods Inc., an Ontario corporation  ("Bayshore"),
in  consideration  of a note payable in the amount of $350,000  Canadian dollars
and 400,000 shares of the common stock of the Company ("Transaction").

The Transaction is expected to close on or about July 15, 2004.

ITEM 7.   FINANCIAL STATEMENTS AND EXHIBITS
-------------------------------------------

(c)  Exhibits

Exhibit Number   Description
--------------   ---------------------------------------------------------------
10.4             Share Purchase Agreement dated July 1, 2004 By and Among Monaco
                 Group Inc. and Amton Inc.

                                   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 thereunto duly authorized.

                                                Monaco Group Inc.
                                                -----------------
                                                (Registrant)

                                                /s/ Peter Nelipa
                                                ------------------------------
                                                Peter Nelipa
                                                Chief Executive Officer
                                                (Duly Authorized Officer)

                                                Date: July 1, 2004
EXHIBIT INDEX
                                  -------------

Exhibit Number  Description
--------------  ----------------------------------------------------------------
10.4            Share Purchase Agreement dated July 1, 2004 By and Among Monaco
                Group Inc. and Amton Inc.