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: May 6, 2005


                        (Date of earliest event reported)

                          ----------------------------

                      CENTURY PACIFIC FINANCIAL CORPORATION
               (Exact name of registrant as specified in charter)


                                    Delaware
         (State or other Jurisdiction of Incorporation or Organization)


          0-16075                                    86-0449546
   (Commission File Number)               (IRS Employer Identification No.)

                       936A Beachland Boulevard, Suite 13
                              Vero Beach, FL 32963
              (Address of Principal Executive Offices and zip code)

                                 (772) 231-7544
              (Registrant's telephone number, including area code)


                                       n/a

          (Former Name or Former Address, if Changed Since Last Report)
<PAGE>

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

      Information  included  in  this  Form  8-K  may  contain   forward-looking
statements  within the meaning of Section 27A of the  Securities Act and Section
21E of the  Securities  Exchange Act of 1934, as amended (the  "Exchange  Act").
This  information may involve known and unknown risks,  uncertainties  and other
factors  which  may  cause  the  Company's   actual   results,   performance  or
achievements  to be materially  different  from future  results,  performance or
achievements   expressed   or   implied  by  any   forward-looking   statements.
Forward-looking statements, which involve assumptions and describe the Company's
future plans, strategies and expectations,  are generally identifiable by use of
the  words  "may,"  "will,"  "should,"   "expect,"   "anticipate,"   "estimate,"
"believe,"  "intend"  or  "project"  or the  negative  of  these  words or other
variations  on these  words or  comparable  terminology.  These  forward-looking
statements are based on assumptions  that may be incorrect,  and there can be no
assurance that these projections  included in these  forward-looking  statements
will come to pass.  Actual results could differ  materially from those expressed
or implied by the  forward-looking  statements  as a result of various  factors.
Except as required by applicable  laws,  Century Pacific  Financial  Corporation
(the "Company")  undertakes no obligation to update publicly any forward-looking
statements for any reason,  even if new information  becomes  available or other
events occur in the future.

Item 8.01  Other Events

      Effective May 6, 2005, Century Pacific Financial  Corporation,  a Delaware
corporation  ("Company")  terminated  its Letter of Intent  with Town House Land
Limited,  a private limited  liability  company  organized under the laws of the
Hong Kong Special Administrative Region in The People's Republic of China ("Town
House").  Pursuant to the Letter of Intent the Company was to acquire Town House
in  exchange  for the  issuance  of 92% of the  Company's  common  stock  to the
stockholders  of Town House.  The completion of the acquisition had been subject
to the  negotiation  and execution of a definitive  acquisition  agreement,  the
delivery of U.S. GAAP financial  statements by Town House, and the completion of
certain financing by Town House.

      Reference is hereby made to the Current Report on Form 8-K dated March 30,
2005  filed by the  Company on April 4, 2005  announcing  the  execution  of the
Letter of Intent, which is hereby incorporated by reference.

      The Company is a public "shell"  company with nominal  assets,  whose sole
business will be to identify,  evaluate and investigate  various  companies with
the intent that, if such investigation warrants, a reverse merger transaction be
negotiated  and  completed  pursuant to which the Company would acquire a target
company with an operating  business,  with the intent of continuing the acquired
company's business as a publicly held entity.
<PAGE>

                                   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.

                                   Century Pacific Financial Corporation
                                   (Registrant)


Date: May 9, 2005                  By: /s/ Kevin R. Keating
                                       ----------------------------------
                                       Kevin R. Keating, President and Secretary
{"company-data": {"conformed-name": "CENTURY PACIFIC FINANCIAL CORP", "cik": "0000791770", "assigned-sic": "6211", "irs-number": "860449546", "state-of-incorporation": "AZ", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-16075", "film-number": "05810022"}, "business-address": {"street1": "1505 E. WEBER STREET", "street2": "SUITE 120", "city": "TEMPE", "state": "AZ", "zip": "85281", "phone": "480-966-6115"}}
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: May 6, 2005

                        (Date of earliest event reported)

                          ----------------------------

                      CENTURY PACIFIC FINANCIAL CORPORATION
               (Exact name of registrant as specified in charter)

                                    Delaware
         (State or other Jurisdiction of Incorporation or Organization)

          0-16075                                    86-0449546
   (Commission File Number)               (IRS Employer Identification No.)

                       936A Beachland Boulevard, Suite 13
                              Vero Beach, FL 32963
              (Address of Principal Executive Offices and zip code)

                                 (772) 231-7544
              (Registrant's telephone number, including area code)

                                       n/a

          (Former Name or Former Address, if Changed Since Last Report)
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

      Information  included  in  this  Form  8-K  may  contain   forward-looking
statements  within the meaning of Section 27A of the  Securities Act and Section
21E of the  Securities  Exchange Act of 1934, as amended (the  "Exchange  Act").
This  information may involve known and unknown risks,  uncertainties  and other
factors  which  may  cause  the  Company's   actual   results,   performance  or
achievements  to be materially  different  from future  results,  performance or
achievements   expressed   or   implied  by  any   forward-looking   statements.
Forward-looking statements, which involve assumptions and describe the Company's
future plans, strategies and expectations,  are generally identifiable by use of
the  words  "may,"  "will,"  "should,"   "expect,"   "anticipate,"   "estimate,"
"believe,"  "intend"  or  "project"  or the  negative  of  these  words or other
variations  on these  words or  comparable  terminology.  These  forward-looking
statements are based on assumptions  that may be incorrect,  and there can be no
assurance that these projections  included in these  forward-looking  statements
will come to pass.  Actual results could differ  materially from those expressed
or implied by the  forward-looking  statements  as a result of various  factors.
Except as required by applicable  laws,  Century Pacific  Financial  Corporation
(the "Company")  undertakes no obligation to update publicly any forward-looking
statements for any reason,  even if new information  becomes  available or other
events occur in the future.

Item 8.01  Other Events

      Effective May 6, 2005, Century Pacific Financial  Corporation,  a Delaware
corporation  ("Company")  terminated  its Letter of Intent  with Town House Land
Limited,  a private limited  liability  company  organized under the laws of the
Hong Kong Special Administrative Region in The People's Republic of China ("Town
House").  Pursuant to the Letter of Intent the Company was to acquire Town House
in  exchange  for the  issuance  of 92% of the  Company's  common  stock  to the
stockholders  of Town House.  The completion of the acquisition had been subject
to the  negotiation  and execution of a definitive  acquisition  agreement,  the
delivery of U.S. GAAP financial  statements by Town House, and the completion of
certain financing by Town House.

      Reference is hereby made to the Current Report on Form 8-K dated March 30,
2005  filed by the  Company on April 4, 2005  announcing  the  execution  of the
Letter of Intent, which is hereby incorporated by reference.

      The Company is a public "shell"  company with nominal  assets,  whose sole
business will be to identify,  evaluate and investigate  various  companies with
the intent that, if such investigation warrants, a reverse merger transaction be
negotiated  and  completed  pursuant to which the Company would acquire a target
company with an operating  business,  with the intent of continuing the acquired
company's business as a publicly held entity.
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.

                                   Century Pacific Financial Corporation
                                   (Registrant)

Date: May 9, 2005                  By: /s/ Kevin R. Keating
                                       ----------------------------------
                                       Kevin R. Keating, President and Secretary