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      1934</strong></font></div>
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right">&#160;<font size="2">Date
                of Report (Date of earliest event
                reported) </font></div>
            </td>
            <td width="50%" style="border-bottom: black thin solid;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;<strong><font size="2">February
                7, 2006 (February 1,
                2006)</font></strong></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<strong><font size="2">Conversion
                Services International,
                Inc.</font></strong></div>
            </td>
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<font size="2">(Exact
                name of registrant as specified in
                its charter)</font></div>
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            <td width="20%" style="border-bottom: black thin solid;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<font size="2">Delaware</font></div>
            </td>
            <td width="20%" style="border-bottom: #ffffff solid;">&#160;</td>
            <td width="20%" style="border-bottom: black thin solid;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<font size="2">0-30420</font></div>
            </td>
            <td width="20%" style="border-bottom: #ffffff solid;">&#160;</td>
            <td width="20%" style="border-bottom: black thin solid;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<font size="2">20-1010495</font></div>
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<font size="2">(State
                or other
                jurisdiction</font></div>
            </td>
            <td width="20%">&#160;</td>
            <td width="20%">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<font size="2">(Commission</font></div>
            </td>
            <td width="20%">&#160;</td>
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<font size="2">(IRS
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">of
                incorporation)</font></div>
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">File
                Number)</font></div>
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            <td width="20%">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Identification
                No.)</font></div>
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<font size="2">100
                Eagle Rock Avenue, East Hanover,
                </font></div>
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            <td width="33%">&#160;</td>
            <td width="33%">&#160;</td>
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<font size="2">New
                Jersey </font></div>
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            <td width="33%" style="border-bottom: #ffffff solid;">&#160;</td>
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<font size="2">07936</font></div>
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Address
                of principal executive offices)</font></div>
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            <td width="33%">&#160;</td>
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                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right">&#160;<font size="2">Registrant&#8217;s
                  telephone number, including
                  area code:</font></div>
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              <td width="50%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;<font size="2">&#160;(<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">973)
                  560-9400</font></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><a name="up"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Check
      the
      appropriate box below if the Form&#160;8-K filing is intended to simultaneously
      satisfy the filing obligation to the registrant under any of the following
      provisions: </font></a></div>
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            </td>
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                (17&#160;CFR&#160;240.14a-12)</font></div>
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pre-commencement
                communications pursuant to Rule&#160;14d-2(b) under the Exchange Act
                (17&#160;CFR&#160;240.14d-2(b))</font></div>
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          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 36pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#9633;</font></div>
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pre-commencement
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                (17&#160;CFR&#160;240.13e-4(c))</font></div>
            </td>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
      1.01 Entry into a Material Definitive Agreement</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;On
      February
      1, 2006, Conversion Services International, Inc. (the "Company") entered into
      financing agreements with Laurus Master Fund, Ltd. ("Laurus"), pursuant to
      which
      it, among other things, (a) issued a secured non-convertible term note in the
      principal amount of $1,000,000 to Laurus (the &#8220;Term Note&#8221;), (b) issued a secured
      non-convertible revolving note in the principal amount of $10,000,000 to Laurus
      (the &#8220;Revolving Note&#8221;, collectively with the Term Note, the &#8220;Notes&#8221;), and (c)
      issued an option to purchase up to 3,080,000 shares of the Company's common
      stock to Laurus (the &#8220;Option&#8221;). The proceeds from the issuance of the Notes were
      used to refinance the Company&#8217;s outstanding obligations under an existing
      facility with Laurus (originally entered into in August 2004 and subsequently
      amended in July 2005) at a 5% premium. The Notes bear an annual interest rate
      of
      prime (as reported in the Wall Street Journal, which was 7.25% as of January
      31,
      2006) plus 1.0%, with a floor of 5.0%. Payments of principal and interest will
      be made in equal monthly amounts until maturity of both notes on December 31,
      2007, at which time the 5% premium will also be due. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;In
      connection
      with the Notes, the Company and Laurus entered into an Overadvance Letter
      Agreement, pursuant to which Laurus exercised its discretion granted to it
      pursuant to the Security Agreement entered into in August 2004 to make a loan
      to
      the Company in excess of the &#8220;Formula Amount&#8221; (as defined therein). The Company
      also entered into a Stock Pledge Agreement and Security Agreement securing
      its
      obligations to Laurus, both prior to and including the Notes, as well as a
      Registration Rights Agreement pursuant to which the Company agreed to file
      a
      registration statement to register the shares of the Company&#8217;s common stock
      underlying the Option, as well as the shares of the Company&#8217;s common stock and
      the shares of the Company&#8217;s common stock underlying the warrants held by Laurus,
      within 90 days. As of the date of this filing, Laurus owns approximately 809,525
      shares of the Company&#8217;s common stock, and warrants to purchase 400,000 shares of
      the Company&#8217;s common stock at $4.35 per share, 200,000 shares of the Company&#8217;s
      common stock at $4.65 per share and 200,000 shares of the Company&#8217;s common stock
      at $5.25 per share.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
      9.01. Financial Statements and Exhibits.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Exhibits</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

          <tr valign="top" style="line-height: 1.25;">
            <td align="left" style="width: 36pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">4.1</font></td>
            <td align="left">
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Option
                issued to Laurus Master Fund, Ltd. to purchase 3,080,000 shares of
                the
                </font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 36.8pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Company's
                common stock, dated February 1,
                2006</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

          <tr valign="top" style="line-height: 1.25;">
            <td align="left" style="width: 36pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10.1</font></td>
            <td align="left">
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Nonconvertible
                Secured Revolving Note in the principal amount of
                $10,000,000</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

          <tr valign="top" style="line-height: 1.25;">
            <td align="left" style="width: 36pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10.2</font></td>
            <td align="left">
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Nonconvertible
                Secured Term Note in the principal amount of
                $1,000,000</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

          <tr valign="top" style="line-height: 1.25;">
            <td align="left" style="width: 36pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10.3</font></td>
            <td align="left">
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Security
                Agreement dated February 1, 2006</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

          <tr valign="top" style="line-height: 1.25;">
            <td align="left" style="width: 36pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10.4</font></td>
            <td align="left">
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Stock
                Pledge Agreement dated February 1,
                2006</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

          <tr valign="top" style="line-height: 1.25;">
            <td align="left" style="width: 36pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10.5</font></td>
            <td align="left">
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Overadvance
                Letter dated February 1, 2006</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This
      Current Report on Form 8-K may contain, among other things, certain
      forward-looking statements within the meaning of the Private Securities
      Litigation Reform Act of 1995, including, without limitation, statements with
      respect to the Company's plans, objectives, expectations and intentions and
      other statements identified by words such as "may", "could", "would", "should",
      "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar
      expressions. These statements are based upon the current beliefs and
      expectations of the Company's management and are subject to significant risks
      </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">and
      uncertainties. Actual results may differ from those set forth in the
      forward-looking statements. These forward-looking statements involve certain
      risks and uncertainties that are subject to change based on various factors
      (many of which are beyond the Company's control).</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">*
      *
      *</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
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      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>SIGNATURES</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><br><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;Pursuant
      to
      the requirements of the Securities Exchange Act of 1934, the registrant has
      caused this report to be signed on its behalf by the undersigned hereunto duly
      authorized.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
      <table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" width="100%">

          <tr valign="top" bgcolor="#ffffff">
            <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
            <td width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
            <td width="49%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
          </tr>
          <tr valign="top" bgcolor="#ffffff">
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">February
              7, 2006</font></td>
            <td colspan="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: "><strong>CONVERSION
              SERVICES INTERNATIONAL, INC.</strong></font></td>
          </tr>
          <tr valign="top" bgcolor="#ffffff">
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
          </tr>
          <tr valign="top" bgcolor="#ffffff">
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: "><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt" size="3">&#160;</font>&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">By:&#160;&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">/s/&#160;Scott
              Newman </font></td>
          </tr>
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            <td colspan="2"><font style="FONT-FAMILY: " size="1">&#160;</font></td>
            <td align="left">
              <hr style="COLOR: black" align="left" noshade size="2" width="80%"><font size="2">Name:
              Scott Newman </font></td>
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            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">Title:
              President and Chief Executive
              Officer&#160;</font></td>
          </tr>

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{"company-data": {"conformed-name": "CONVERSION SERVICES INTERNATIONAL INC", "cik": "0000934306", "assigned-sic": "7370", "irs-number": "113200338", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-32623", "film-number": "06585981"}, "business-address": {"street1": "100 EAGLE ROCK AVENUE", "city": "EAST HANOVER", "state": "NJ", "zip": "07936", "phone": "(973) 560-9400"}, "mail-address": {"street1": "100 EAGLE ROCK AVENUE", "city": "EAST HANOVER", "state": "NJ", "zip": "07936"}, "former-company": {"former-conformed-name": "LCS GOLF INC", "date-changed": "19990511"}}
UNITED
      STATES
SECURITIES
      AND EXCHANGE COMMISSION
Washington,
      D.C. 20549
FORM
      8-K
CURRENT
      REPORT
Pursuant
      to Section 13 or Section 15(d) of the Securities Exchange Act of
      1934
Date
                of Report (Date of earliest event
                reported)
February
                7, 2006 (February 1,
                2006)
Conversion
                Services International,
                Inc.
(Exact
                name of registrant as specified in
                its charter)
Delaware
0-30420
20-1010495
(State
                or other
                jurisdiction
(Commission
(IRS
                Employer
of
                incorporation)
File
                Number)
Identification
                No.)
100
                Eagle Rock Avenue, East Hanover,
New
                Jersey
07936
(Address
                of principal executive offices)
(Zip
                Code)
Registrant's
                  telephone number, including
                  area code:
(
973)
                  560-9400
Not
                Applicable
(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 to the registrant under any of the following
      provisions:
□
Written
                communications pursuant to Rule 425 under the Securities Act
                (17 CFR 230.425)
□
Soliciting
                material pursuant to Rule 14a-12 under the Exchange Act
                (17 CFR 240.14a-12)
□
Pre-commencement
                communications pursuant to Rule 14d-2(b) under the Exchange Act
                (17 CFR 240.14d-2(b))
□
Pre-commencement
                communications pursuant to Rule 13e-4(c) under the Exchange Act
                (17 CFR 240.13e-4(c))
Item
      1.01 Entry into a Material Definitive Agreement
On
      February
      1, 2006, Conversion Services International, Inc. (the "Company") entered into
      financing agreements with Laurus Master Fund, Ltd. ("Laurus"), pursuant to
      which
      it, among other things, (a) issued a secured non-convertible term note in the
      principal amount of $1,000,000 to Laurus (the "Term Note"), (b) issued a secured
      non-convertible revolving note in the principal amount of $10,000,000 to Laurus
      (the "Revolving Note", collectively with the Term Note, the "Notes"), and (c)
      issued an option to purchase up to 3,080,000 shares of the Company's common
      stock to Laurus (the "Option"). The proceeds from the issuance of the Notes were
      used to refinance the Company's outstanding obligations under an existing
      facility with Laurus (originally entered into in August 2004 and subsequently
      amended in July 2005) at a 5% premium. The Notes bear an annual interest rate
      of
      prime (as reported in the Wall Street Journal, which was 7.25% as of January
      31,
      2006) plus 1.0%, with a floor of 5.0%. Payments of principal and interest will
      be made in equal monthly amounts until maturity of both notes on December 31,
      2007, at which time the 5% premium will also be due.
In
      connection
      with the Notes, the Company and Laurus entered into an Overadvance Letter
      Agreement, pursuant to which Laurus exercised its discretion granted to it
      pursuant to the Security Agreement entered into in August 2004 to make a loan
      to
      the Company in excess of the "Formula Amount" (as defined therein). The Company
      also entered into a Stock Pledge Agreement and Security Agreement securing
      its
      obligations to Laurus, both prior to and including the Notes, as well as a
      Registration Rights Agreement pursuant to which the Company agreed to file
      a
      registration statement to register the shares of the Company's common stock
      underlying the Option, as well as the shares of the Company's common stock and
      the shares of the Company's common stock underlying the warrants held by Laurus,
      within 90 days. As of the date of this filing, Laurus owns approximately 809,525
      shares of the Company's common stock, and warrants to purchase 400,000 shares of
      the Company's common stock at $4.35 per share, 200,000 shares of the Company's
      common stock at $4.65 per share and 200,000 shares of the Company's common stock
      at $5.25 per share.
Item
      9.01. Financial Statements and Exhibits.
Exhibits
4.1
Option
                issued to Laurus Master Fund, Ltd. to purchase 3,080,000 shares of
                the
Company's
                common stock, dated February 1,
                2006
10.1
Nonconvertible
                Secured Revolving Note in the principal amount of
                $10,000,000
10.2
Nonconvertible
                Secured Term Note in the principal amount of
                $1,000,000
10.3
Security
                Agreement dated February 1, 2006
10.4
Stock
                Pledge Agreement dated February 1,
                2006
10.5
Overadvance
                Letter dated February 1, 2006
This
      Current Report on Form 8-K may contain, among other things, certain
      forward-looking statements within the meaning of the Private Securities
      Litigation Reform Act of 1995, including, without limitation, statements with
      respect to the Company's plans, objectives, expectations and intentions and
      other statements identified by words such as "may", "could", "would", "should",
      "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar
      expressions. These statements are based upon the current beliefs and
      expectations of the Company's management and are subject to significant risks
and
      uncertainties. Actual results may differ from those set forth in the
      forward-looking statements. These forward-looking statements involve certain
      risks and uncertainties that are subject to change based on various factors
      (many of which are beyond the Company's control).
*
      *
      *
SIGNATURES
Pursuant
      to
      the requirements of the Securities Exchange Act of 1934, the registrant has
      caused this report to be signed on its behalf by the undersigned hereunto duly
      authorized.
February
              7, 2006
CONVERSION
              SERVICES INTERNATIONAL, INC.
By:
/s/ Scott
              Newman
Name:
              Scott Newman
Title:
              President and Chief Executive
              Officer