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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>UNITED
        STATES</strong></font></div>
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        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>
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        8-K</strong></font></div>
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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: 12pt; FONT-FAMILY: Times New Roman"><strong>CURRENT
        REPORT</strong></font></div>
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        to Section 13 or 15(d) of the Securities Exchange Act of
        1934</strong></font></div>
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        Interactive, Co.</strong></font></div>
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                  Lesmill Road</strong></font></div>
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                  Ontario</strong></font></div>
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          <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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:</font></div>
        </div>
      </div>
      <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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</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;Written
        communications pursuant to Rule&#160;425 under the Securities Act (17 CFR
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        Soliciting material pursuant to Rule&#160;14a-12 under the Exchange Act
        (17 CFR
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        Pre-commencement communications pursuant to Rule&#160;14d-2(b) under the
        Exchange Act (17 CFR 240.14d-2(b))</font></div>
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        Pre-commencement communications pursuant to Rule&#160;13e-4(c) under the
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        <div>
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          <div style="WIDTH: 100%; TEXT-ALIGN: center">
          </div>
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      <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
        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="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SBS
        Interactive, Co. (the &#8220;Company&#8221;) is unable to file its quarterly report on Form
        10-QSB for the quarterly period ended September 30, 2005 because the Company
        lacks the financial resources to prepare such quarterly report. The Company
        is
        currently exploring its alternatives to restructure its business plan and
        to
        obtain financing, including pursuing ongoing discussions with Ultimatte
        Corporation. To date, there are no commitments on the part of any third party
        to
        do the foregoing. If the Company is unable to successfully restructure its
        business plan and to obtain financing, it will not be able to continue as
        a
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        information in this Current Report on Form 8-K contains &#8220;forward-looking
        statements&#8221; within the meaning of the U.S. federal securities laws. These
        forward-looking statements are based on the Company&#8217;s current expectations,
        assumptions, estimates and projections about the Company&#8217;s business and
        industry. Words such as &#8220;will&#8221; and other similar expressions identify
        forward-looking statements. In addition, any statements that refer to
        expectations, projections or other characterizations of future events or
        circumstances are forward-looking statements. These forward-looking statements
        are subject to certain risks and uncertainties that could cause actual results
        to differ materially from those expressed in the forward-looking statements.
        More information about these risks, uncertainties and assumptions can be
        found
        in the risk factors and forward-looking statements cautionary language contained
        in the Company&#8217;s Annual Report on Form 10-KSB and in other filings made with the
        Securities and Exchange Commission. The Company does not undertake, and
        specifically disclaims, any obligation to revise any forward-looking statements
        to reflect the occurrence of anticipated or unanticipated events or
        circumstances after the date such forward-looking statements are
        made.</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">&#160;</div>
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        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.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div align="left">
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            <tr>
              <td align="left" valign="top" width="4%">&#160;</td>
              <td align="left" valign="top" width="7%">&#160;</td>
              <td align="left" valign="top" width="18%">&#160;</td>
              <td valign="top" width="10%">&#160;</td>
              <td align="left" valign="top" width="33%">
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              </td>
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            <tr>
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              <td align="left" valign="top" width="7%">&#160;</td>
              <td align="left" valign="top" width="18%">&#160;</td>
              <td align="left" valign="top" width="10%">&#160;</td>
              <td align="left" valign="top" width="33%">&#160;</td>
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                  Todd Gotlieb</font></div>
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              <td align="left" valign="top" width="7%">&#160;</td>
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                  Todd Gotlieb</font></div>
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                  President</font></div>
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{"company-data": {"conformed-name": "SBS INTERACTIVE CO", "cik": "0001085220", "assigned-sic": "7389", "irs-number": "650705830", "state-of-incorporation": "FL", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-28363", "film-number": "051207351"}, "business-address": {"street1": "4211 YONGE STREET", "street2": "SUITE 235", "city": "TORONTO ONTARIO CANA", "state": "A6", "zip": "M2P2A9", "phone": "(905) 660-0646"}, "mail-address": {"street1": "4211 YONGE STREET", "street2": "SUITE 235", "city": "TORONTO ONTARIO CANA", "state": "A6", "zip": "M2P2A9"}, "former-company": {"former-conformed-name": "INET COMMERCE CONDUIT CORP", "date-changed": "19991130"}}
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 (Date of earliest event reported): November 15, 2005
SBS
        Interactive, Co.
(Exact
        name of registrant as specified in its charter)
Florida
000-28363
65-0705830
(State
                  or other jurisdiction of Incorporation)
(Commission
                  File Number
)
(IRS
                  Employer Identification No.)
N/A
(Address
                      of principal executive offices)
N/A
(Zip
                        Code)
(416)
              223-9293
(Registrant's
              telephone number, including area code)
247
                  Lesmill Road
Toronto,
                  Ontario
Canada
                   M3B 2V1
(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:
□
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
        8.01 Other Events.
SBS
        Interactive, Co. (the "Company") is unable to file its quarterly report on Form
        10-QSB for the quarterly period ended September 30, 2005 because the Company
        lacks the financial resources to prepare such quarterly report. The Company
        is
        currently exploring its alternatives to restructure its business plan and
        to
        obtain financing, including pursuing ongoing discussions with Ultimatte
        Corporation. To date, there are no commitments on the part of any third party
        to
        do the foregoing. If the Company is unable to successfully restructure its
        business plan and to obtain financing, it will not be able to continue as
        a
        going concern.
The
        information in this Current Report on Form 8-K contains "forward-looking
        statements" within the meaning of the U.S. federal securities laws. These
        forward-looking statements are based on the Company's current expectations,
        assumptions, estimates and projections about the Company's business and
        industry. Words such as "will" and other similar expressions identify
        forward-looking statements. In addition, any statements that refer to
        expectations, projections or other characterizations of future events or
        circumstances are forward-looking statements. These forward-looking statements
        are subject to certain risks and uncertainties that could cause actual results
        to differ materially from those expressed in the forward-looking statements.
        More information about these risks, uncertainties and assumptions can be
        found
        in the risk factors and forward-looking statements cautionary language contained
        in the Company's Annual Report on Form 10-KSB and in other filings made with the
        Securities and Exchange Commission. The Company does not undertake, and
        specifically disclaims, any obligation to revise any forward-looking statements
        to reflect the occurrence of anticipated or unanticipated events or
        circumstances after the date such forward-looking statements are
        made.
2
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.
SBS
                  INTERACTIVE, CO.
Date:
November
                  15, 2005
By:
/s/
                  Todd Gotlieb
Name: 
                  Todd Gotlieb
Title:   
                  President
3