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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">SECURITIES
      AND EXCHANGE COMMISSION</font></div>
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      D.C. 20549</font></div>
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      8-K</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#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">CURRENT
      REPORT</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: 10pt; FONT-FAMILY: Times New Roman">PURSUANT
      TO SECTION 13 OR 15(d) OF THE</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">SECURITIES
      EXCHANGE ACT OF 1934</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: 10pt; FONT-FAMILY: Times New Roman">August
      25, 2006</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">(Date
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      Video Technologies, Inc.</font></div>
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      satisfy the filing obligation of the registrant under any of the following
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    <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">On
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      25, 2006, Richard E. Bennett, Jr. resigned from his positions as the Chief
      Executive Officer and Interim Chief Financial Officer of the Company. To replace
      Mr.
      Bennett, the Board of Directors of the Company appointed David R. Ross, the
      President of the Company, as Interim Chief Executive Officer. Mr. Bennett
      resigned from his position on the Board of Directors on August 31, 2006. The
      Company is negotiating a separation and consulting arrangement with Mr.
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      25, 2006, the Board of Directors of the Company elected John E. Abdo as a
      director of the Company. Since 1968, Mr. Abdo has been President of Abdo
      Companies, Inc., a construction, development and property management firm in
      South Florida. Mr. Abdo serves on several boards of directors, including
      BankAtlantic Bancorp, Inc., BFC Financial, Levitt Corp., Bluegreen Corp. and
      Benihana Inc. </font></div>
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      stock option to purchase 75,000 shares of the Company&#8217;s common stock at an
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
      to the requirements of the Securities Exchange Act of 1934, the registrant
      has
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      duly authorized. </font></div>
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    <div>&#160;</div>
    <div>&#160;</div>
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            <td align="left" valign="top" width="40%">
              <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">SMARTVIDEO
                TECHNOLOGIES, INC.</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="40%">&#160;</td>
            <td align="left" valign="top" width="40%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="top" width="40%">&#160;</td>
            <td align="left" valign="top" width="40%">&#160;</td>
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          <tr>
            <td align="left" valign="top" width="40%">&#160;</td>
            <td align="left" valign="top" width="40%">
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                <u>/s/ William J. Loughman</u></font></div>
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            <td align="left" valign="top" width="40%">
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                William J. Loughman</font></div>
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                Chief Financial Officer</font></div>
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{"company-data": {"conformed-name": "SMART VIDEO TECHNOLOGIES INC", "cik": "0001089525", "assigned-sic": "7389", "irs-number": "911962104", "fiscal-year-end": "1204"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-26809", "film-number": "061069152"}, "business-address": {"street1": "3505 KOGER BOULEVARD", "street2": "SUITE 400", "city": "DELUTH", "state": "GA", "zip": "30093", "phone": "7072793100"}, "mail-address": {"street1": "3505 KOGER BOULEVARD", "street2": "SUITE 400", "city": "DELUTH", "state": "GA", "zip": "30093"}, "former-company": [{"former-conformed-name": "ARMAGH GROUP INC", "date-changed": "20021107"}, {"former-conformed-name": "ASPI EUROPE INC", "date-changed": "20000817"}, {"former-conformed-name": "SHOPPING SHERLOCK INC", "date-changed": "19990625"}]}
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
August
      25, 2006
(Date
      of
      earliest event reported)
Smart
      Video Technologies, Inc.
(Exact
      name of Registrant as specified in its charter)
Delaware
000-26809
91-1962104
(State
                of incorporation or
(Commission
                File No.)
(IRS
                Employer Identification No.)
organization)
3505
      Koger Boulevard
Suite
      400
Duluth,
      GA 30096
(Address
      of principal executive offices)
(770)
      279-3100
(Registrant's
      telephone number, including area code)
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
      1.01
Entry
      Into a Material Definitive Agreement
On
      August
      25, 2006, SmartVideo Technologies, Inc. (the "Company") increased the annual
      base salary of David R. Ross from $200,000 to $275,000. Mr. Ross' compensation
      was increased when he assumed the position of Interim Chief Executive Officer
      of
      the Company. See Item 5.02 of this Form 8-K.
ITEM
      5.02
Departure
      of Directors or Principal Officers; Election of Directors;
Appointment
      of Principal Officers
On
      August
      25, 2006, Richard E. Bennett, Jr. resigned from his positions as the Chief
      Executive Officer and Interim Chief Financial Officer of the Company. To replace
      Mr.
      Bennett, the Board of Directors of the Company appointed David R. Ross, the
      President of the Company, as Interim Chief Executive Officer. Mr. Bennett
      resigned from his position on the Board of Directors on August 31, 2006. The
      Company is negotiating a separation and consulting arrangement with Mr.
      Bennett.
On
      August
      28, 2006, the Board of Directors appointed William J. Loughman, the Company's
      Vice President of Finance, as Chief Financial Officer.
On
      August
      25, 2006, the Board of Directors of the Company elected John E. Abdo as a
      director of the Company. Since 1968, Mr. Abdo has been President of Abdo
      Companies, Inc., a construction, development and property management firm in
      South Florida. Mr. Abdo serves on several boards of directors, including
      BankAtlantic Bancorp, Inc., BFC Financial, Levitt Corp., Bluegreen Corp. and
      Benihana Inc.
On
      the
      date of his election to the Board of Directors, Mr. Abdo was granted a ten-year
      stock option to purchase 75,000 shares of the Company's common stock at an
      exercise price of $0.97 per share. The stock options vest on October 3, 2006.
-1-
SIGNATURE
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.
SMARTVIDEO
                TECHNOLOGIES, INC.
By:
/s/ William J. Loughman
Name:
                William J. Loughman
Title:
                Chief Financial Officer
Date:
      August 31, 2006
-2-