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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</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"><strong>SECURITIES
      AND EXCHANGE COMMISSION</strong></font></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"><strong>WASHINGTON,
      D.C. 20549</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><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"><strong>FORM
      8-K</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><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"><strong>CURRENT
      REPORT</strong></font></div>
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      TO SECTION 13 OR 15(d) OF THE</strong></font></div>
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      EXCHANGE ACT OF 1934, AS AMENDED</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
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      1,
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            <td valign="bottom" width="49%">&#160;</td>
            <td width="2%">&#160;</td>
            <td valign="bottom" width="49%">&#160;</td>
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          <tr>
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                967-6000</strong></font></div>
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            <td width="2%">&#160;</td>
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          <tr>
            <td valign="bottom" width="49%">&#160;</td>
            <td width="2%">&#160;</td>
            <td valign="bottom" width="49%">&#160;</td>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
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      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:</font></div>
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(17&#160;CFR&#160;240.13e-4(c))</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#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
      8.01. Other Events.</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: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
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      that
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      to strengthen the Company&#8217;s balance sheet and to retain the continued services
      of its key employee and founder, Mr. Wayne Allyn Root. Mr. Root agreed to
      convert a six figure liability of the Company owed to Mr. Root into shares
      of
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      will
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      has
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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>
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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>
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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>
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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>
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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>
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      No. Description:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
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            <td align="left" valign="top" width="15%" style="border-bottom: black thin solid;">
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            <td width="1%">&#160;</td>
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            <td width="1%">&#160;</td>
            <td align="left" valign="top" width="20%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="top" width="15%">
              <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">Exhibit
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                Release, dated August 1, 2006</font></div>
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                herewith</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
      to the requirements of the Securities Exchange Act of 1934, as amended, the
      Company has duly caused this report to be signed on its behalf by the
      undersigned hereunto duly authorized.</font></div>
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                8, 2006</font></div>
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                INC.</strong></font></div>
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            <td align="left" valign="top" width="41%">&#160;</td>
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                Jeff Johnson</em></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font></div>
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            <td align="left" valign="top" width="41%">&#160;</td>
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{"company-data": {"conformed-name": "GWIN INC", "cik": "0000924396", "assigned-sic": "7990", "irs-number": "043021770", "state-of-incorporation": "DE", "fiscal-year-end": "0731"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-24520", "film-number": "061018099"}, "business-address": {"street1": "5092 S JONES BLVD", "city": "LAS VEGAS", "state": "NV", "zip": "89118", "phone": "9786892080"}, "mail-address": {"street1": "5092 S JONES BLVD", "city": "LAS VEGAS", "state": "NV", "zip": "89118"}, "former-company": [{"former-conformed-name": "GLOBAL SPORTS & ENTERTAINMENT INC/", "date-changed": "20011119"}, {"former-conformed-name": "IMSCO TECHNOLOGIES INC /DE/", "date-changed": "20010802"}, {"former-conformed-name": "IMSCO INC /MA/", "date-changed": "19940602"}]}
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, AS AMENDED
August
      1,
      2006
GWIN,
      INC.
(Exact
      Name of Registrant as Specified in Charter)
Delaware
000-24520
04-3021770
(State
                or other jurisdiction
(Commission
(IRS
                Employer
of
                incorporation)
File
                Number)
Identification
                No.)
5092
                South Jones Boulevard, Las Vegas, Nevada
89118
(Address
                of principal executive offices)
(Zip
                code)
(702)
                967-6000
Registrant's
                telephone number, including area code:
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 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
      8.01. Other Events.
On
      August
      1, 2006, GWIN, Inc. (the "
Company
")
      announced in a press release (the "
Press
      Release
")
      that
      the Company had completed the first step in a comprehensive restructuring plan
      to strengthen the Company's balance sheet and to retain the continued services
      of its key employee and founder, Mr. Wayne Allyn Root. Mr. Root agreed to
      convert a six figure liability of the Company owed to Mr. Root into shares
      of
      convertible Series A Preferred stock of the Company. Furthermore, Mr. Root
      will
      remain Chief Executive Officer and Chairman of the Board of the Company and
      has
      agreed to waive a termination clause in his current contract.
Item
      9.01. Financial Statements and Exhibits.
(a)       Not
      applicable.
(b)       Not
      applicable.
(c)       Not
      applicable.
(d)       Exhibits
      No. Description:
Exhibit
Description
Location
Exhibit
                99.1
Press
                Release, dated August 1, 2006
Provided
                herewith
2
SIGNATURES
Pursuant
      to the requirements of the Securities Exchange Act of 1934, as amended, the
      Company has duly caused this report to be signed on its behalf by the
      undersigned hereunto duly authorized.
Date:
August
                8, 2006
GWIN
                INC.
By:
/s/
                Jeff Johnson
Name:
Jeff
                Johnson
Title:
Chief
                Financial Officer
3