UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                    FORM 8-K

                                 CURRENT REPORT
   Pursuant to Section 13 OR 15(d) of the Securities and Exchange Act of 1934


            Date of Report (Date of earliest reported): April 4, 2005


                             THOMAS EQUIPMENT, INC.
               (Exact name of registrant as specified in charter)



               Delaware              333-44586              58-3565680
               --------              ---------              -----------
   (State or other jurisdiction     (Commission            (IRS Employer
          of incorporation)         File Number)        Identification No.)



                 1818 North Farwell Avenue, Milwaukee, WI       53202
                 ----------------------------------------       -----
               (Address of principal executive offices)       (Zip Code)

       Registrant's telephone number, including area code: (312) 224-8812


                                   Copies to:
                             Gregory Sichenzia, Esq.
                       Sichenzia Ross Friedman Ference LLP
                           1065 Avenue of the Americas
                            New York, New York 10018
                              Phone: (212) 930-9700

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 (see General Instructions A.2. below):

/_/   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))


<PAGE>

Item 7.01 Regulation FD Disclosure.

      On April 4, 2005, Thomas Equipment, Inc. issued a press release concerning
our condensed consolidated financial results combined with that of Pneutech,
Inc. A copy of that press release is being furnished as Exhibit 99.1 to this
current report on Form 8-K.

      The information in this Item 7.01 of this current report on Form 8-K,
together with the information in Exhibit 99.1, is being furnished and shall not
be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act
of 1934, as amended, or otherwise subject to the liabilities of that Section.
Such information shall not be deemed incorporated by reference into any
registration statement or other document filed with the SEC.

Item 9.01 Financial Statements and Exhibits.

(c) Exhibits.

      99.1 Press release issued on April 4, 2005.


                                       2
<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.


                                         THOMAS EQUIPMENT, INC.



Date:  April 5, 2005                     /s/ CLIFFORD RHEE
                                         -----------------
                                         Clifford Rhee,
                                         President


                                       3
{"company-data": {"conformed-name": "Thomas Equipment, Inc.", "cik": "0001122380", "assigned-sic": "3531", "irs-number": "000000000", "state-of-incorporation": "DE", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-44586", "film-number": "05735005"}, "business-address": {"street1": "1818 NORTH FARWELL AVENUE", "city": "MILWAUKEE", "state": "WI", "zip": "53202", "phone": "(312) 224-8812"}, "mail-address": {"street1": "1818 NORTH FARWELL AVENUE", "city": "MILWAUKEE", "state": "WI", "zip": "53202"}, "former-company": {"former-conformed-name": "MAXIM MORTGAGE CORP/", "date-changed": "20000822"}}
UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                    FORM 8-K

                                 CURRENT REPORT
   Pursuant to Section 13 OR 15(d) of the Securities and Exchange Act of 1934

            Date of Report (Date of earliest reported): April 4, 2005

                             THOMAS EQUIPMENT, INC.
               (Exact name of registrant as specified in charter)

               Delaware              333-44586              58-3565680
               --------              ---------              -----------
   (State or other jurisdiction     (Commission            (IRS Employer
          of incorporation)         File Number)        Identification No.)

                 1818 North Farwell Avenue, Milwaukee, WI       53202
                 ----------------------------------------       -----
               (Address of principal executive offices)       (Zip Code)

       Registrant's telephone number, including area code: (312) 224-8812

                                   Copies to:
                             Gregory Sichenzia, Esq.
                       Sichenzia Ross Friedman Ference LLP
                           1065 Avenue of the Americas
                            New York, New York 10018
                              Phone: (212) 930-9700

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 (see General Instructions A.2. below):

/_/   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 7.01 Regulation FD Disclosure.

      On April 4, 2005, Thomas Equipment, Inc. issued a press release concerning
our condensed consolidated financial results combined with that of Pneutech,
Inc. A copy of that press release is being furnished as Exhibit 99.1 to this
current report on Form 8-K.

      The information in this Item 7.01 of this current report on Form 8-K,
together with the information in Exhibit 99.1, is being furnished and shall not
be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act
of 1934, as amended, or otherwise subject to the liabilities of that Section.
Such information shall not be deemed incorporated by reference into any
registration statement or other document filed with the SEC.

Item 9.01 Financial Statements and Exhibits.

(c) Exhibits.

      99.1 Press release issued on April 4, 2005.

                                       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 hereunto duly authorized.

                                         THOMAS EQUIPMENT, INC.

Date:  April 5, 2005                     /s/ CLIFFORD RHEE
                                         -----------------
                                         Clifford Rhee,
                                         President

                                       3