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): October 25, 2005


                                RONCO CORPORATION
--------------------------------------------------------------------------------
               (Exact Name of Registrant as Specified in Charter)


         Delaware                    0-27471                 84-1148206
--------------------------------------------------------------------------------
(State of Incorporation)      (Commission File No.)        (I.R.S. Employer
                                                         Identification Number)


                   21344 Superior Street, Chatsworth CA 91311
--------------------------------------------------------------------------------
                    (Address of Principal Executive Offices)

                                 (818) 775-4602
--------------------------------------------------------------------------------
              (Registrant's Telephone Number, including area code)



--------------------------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)


<PAGE>

ITEM 1.01 ENTRY INTO A MATERIAL AGREEMENT

         On October 25, 2005, Ronco Corporation (the "Registrant"), a Delaware
corporation, and Prestige Capital Corporation ("Prestige"), a private
corporation, entered into a Purchase and Sale Agreement (the "Agreement")
pursuant to which Prestige agreed to buy and accept, and the Registrant agreed
to sell and assign, certain accounts receivable owing to Registrant
("Accounts"), together with all rights of action accrued or to accrue thereon.
Under the terms of the Agreement, upon the receipt and acceptance of each
assignment of Accounts, Prestige shall pay Registrant seventy-five percent (75%)
of the face amount of the Accounts so assigned. The advance rate under the
Agreement shall increase to eighty percent (80%) of the face amount of the
Accounts assigned if the event of dilution of the Accounts is less than five
percent for the first 60 days of the term of the Agreement. Under the Agreement,
Prestige has agreed to purchase Accounts with a maximum aggregate face amount of
eight million (8,000,000) dollars. The interest rate payable by Registrant to
Prestige under the Agreement is two percent (2%) of the face amount of assigned
Accounts if the receivable is collected within 15 days, two and three-quarters
percent (2.75%) of the face amount if the receivable is collected within 30
days, three and three-quarters percent (3.75%) of the face amount if the
receivable is collected within 45 days, four and three-quarters percent (4.75%)
of the face amount if the receivable is collected within 60 days, and five and
three-quarters percent (5.75%) of the face amount if the receivable is collected
within 75 days. Thereafter, the rate goes up by one percent (1%) for each
additional fifteen (15) day period until the Account is paid. The initial term
of the Agreement expires on May 1, 2006, but the Agreement will thereafter be
automatically extended for additional one-year terms unless a party provides
written notice of cancellation at least sixty (60) days prior to the expiration
of the initial or renewal term.

         Under the terms of the Agreement, Registrant granted to Prestige a
continuing security interest in, and lien upon, all accounts, instruments,
documents, chattel paper and general intangibles, whether now owned or hereafter
created or acquired, as security for the prompt performance and payment of all
obligations of Registrant to Prestige under the Agreement.

         On October 28, 2005, Registrant sold and assigned, and Prestige bought
and received, Accounts with an aggregate face amount of approximately four
million-one hundred thousand (4,100,000) dollars. As payment for the Accounts so
sold and assigned, Prestige paid to Registrant approximately three million-one
hundred thousand (3,100,000) dollars in cash.

         The foregoing description of the Purchase and Sale Agreement and the
transactions contemplated thereby is not intended to be complete and is
qualified in its entirety by the complete text of that agreement, a copy of
which is attached as Exhibit 10.19 to this Report.


SECTION 5.02. DEPARTURE AND APPOINTMENT OF DIRECTORS AND PRINCIPAL OFFICERS.

Directors

      On October 28, 2005, Mr. Anthony C. Brown resigned from his position as a
member of the Registrant's Board of Directors. Mr. Brown resigned from the
Registrant's Board of Directors in order to pursue other personal business
interests and there were no disputes or disagreements between the Registrant and
Mr. Brown. As a result of Mr. Brown's resignation, the Registrant's Board of
Directors currently consists of Mr. Richard F. Allen, Sr., Mr. A. Emerson
Martin, II, Mr. Gregg A. Mockenhaupt, and Mr. Harold D. Kahn. As a result of Mr.
Brown's resignation, there is currently one vacant position on the Registrant's
Board of Directors.


<PAGE>

SECTION 9. FINANCIAL STATEMENT AND EXHIBITS.

(c) Exhibits.

The following Exhibits are hereby filed as part of this Current Report on Form
8-K:

Exhibit     Description
-------     -----------
10.19       Purchase and Sale Agreement by and between Prestige Capital
            Corporation and Ronco Corporation dated as of October 25, 2005.


                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
Ronco Corporation has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                          RONCO CORPORATION

                          By: /s/ Evan J. Warshawsky
                              -------------------------------------------
                              Evan J. Warshawsky
                              Chief Financial Officer, Vice-President
                              and Secretary



<PAGE>



                                  EXHIBIT INDEX

The following Exhibits are filed herewith:

Exhibit     Description
-------     -----------
10.19       Purchase and Sale Agreement by and between Prestige Capital
            Corporation and Ronco Corporation dated as of October 25, 2005.
{"company-data": {"conformed-name": "RONCO CORP", "cik": "0000869498", "assigned-sic": "5960", "irs-number": "841148206", "state-of-incorporation": "DE", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-27471", "film-number": "051166368"}, "business-address": {"street1": "21344 SUPERIOR STREET", "city": "CHATSWORTH", "state": "CA", "zip": "91311", "phone": "8187754602"}, "mail-address": {"street1": "21344 SUPERIOR STREET", "city": "CHATSWORTH", "state": "CA", "zip": "91311"}, "former-company": {"former-conformed-name": "FI TEK VII INC", "date-changed": "19930328"}}
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): October 25, 2005

                                RONCO CORPORATION
--------------------------------------------------------------------------------
               (Exact Name of Registrant as Specified in Charter)

         Delaware                    0-27471                 84-1148206
--------------------------------------------------------------------------------
(State of Incorporation)      (Commission File No.)        (I.R.S. Employer
                                                         Identification Number)

                   21344 Superior Street, Chatsworth CA 91311
--------------------------------------------------------------------------------
                    (Address of Principal Executive Offices)

                                 (818) 775-4602
--------------------------------------------------------------------------------
              (Registrant's Telephone Number, including area code)

--------------------------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)
ITEM 1.01 ENTRY INTO A MATERIAL AGREEMENT

         On October 25, 2005, Ronco Corporation (the "Registrant"), a Delaware
corporation, and Prestige Capital Corporation ("Prestige"), a private
corporation, entered into a Purchase and Sale Agreement (the "Agreement")
pursuant to which Prestige agreed to buy and accept, and the Registrant agreed
to sell and assign, certain accounts receivable owing to Registrant
("Accounts"), together with all rights of action accrued or to accrue thereon.
Under the terms of the Agreement, upon the receipt and acceptance of each
assignment of Accounts, Prestige shall pay Registrant seventy-five percent (75%)
of the face amount of the Accounts so assigned. The advance rate under the
Agreement shall increase to eighty percent (80%) of the face amount of the
Accounts assigned if the event of dilution of the Accounts is less than five
percent for the first 60 days of the term of the Agreement. Under the Agreement,
Prestige has agreed to purchase Accounts with a maximum aggregate face amount of
eight million (8,000,000) dollars. The interest rate payable by Registrant to
Prestige under the Agreement is two percent (2%) of the face amount of assigned
Accounts if the receivable is collected within 15 days, two and three-quarters
percent (2.75%) of the face amount if the receivable is collected within 30
days, three and three-quarters percent (3.75%) of the face amount if the
receivable is collected within 45 days, four and three-quarters percent (4.75%)
of the face amount if the receivable is collected within 60 days, and five and
three-quarters percent (5.75%) of the face amount if the receivable is collected
within 75 days. Thereafter, the rate goes up by one percent (1%) for each
additional fifteen (15) day period until the Account is paid. The initial term
of the Agreement expires on May 1, 2006, but the Agreement will thereafter be
automatically extended for additional one-year terms unless a party provides
written notice of cancellation at least sixty (60) days prior to the expiration
of the initial or renewal term.

         Under the terms of the Agreement, Registrant granted to Prestige a
continuing security interest in, and lien upon, all accounts, instruments,
documents, chattel paper and general intangibles, whether now owned or hereafter
created or acquired, as security for the prompt performance and payment of all
obligations of Registrant to Prestige under the Agreement.

         On October 28, 2005, Registrant sold and assigned, and Prestige bought
and received, Accounts with an aggregate face amount of approximately four
million-one hundred thousand (4,100,000) dollars. As payment for the Accounts so
sold and assigned, Prestige paid to Registrant approximately three million-one
hundred thousand (3,100,000) dollars in cash.

         The foregoing description of the Purchase and Sale Agreement and the
transactions contemplated thereby is not intended to be complete and is
qualified in its entirety by the complete text of that agreement, a copy of
which is attached as Exhibit 10.19 to this Report.

SECTION 5.02. DEPARTURE AND APPOINTMENT OF DIRECTORS AND PRINCIPAL OFFICERS.

Directors

      On October 28, 2005, Mr. Anthony C. Brown resigned from his position as a
member of the Registrant's Board of Directors. Mr. Brown resigned from the
Registrant's Board of Directors in order to pursue other personal business
interests and there were no disputes or disagreements between the Registrant and
Mr. Brown. As a result of Mr. Brown's resignation, the Registrant's Board of
Directors currently consists of Mr. Richard F. Allen, Sr., Mr. A. Emerson
Martin, II, Mr. Gregg A. Mockenhaupt, and Mr. Harold D. Kahn. As a result of Mr.
Brown's resignation, there is currently one vacant position on the Registrant's
Board of Directors.
SECTION 9. FINANCIAL STATEMENT AND EXHIBITS.

(c) Exhibits.

The following Exhibits are hereby filed as part of this Current Report on Form
8-K:

Exhibit     Description
-------     -----------
10.19       Purchase and Sale Agreement by and between Prestige Capital
            Corporation and Ronco Corporation dated as of October 25, 2005.

                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
Ronco Corporation has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                          RONCO CORPORATION

                          By: /s/ Evan J. Warshawsky
                              -------------------------------------------
                              Evan J. Warshawsky
                              Chief Financial Officer, Vice-President
                              and Secretary
EXHIBIT INDEX

The following Exhibits are filed herewith:

Exhibit     Description
-------     -----------
10.19       Purchase and Sale Agreement by and between Prestige Capital
            Corporation and Ronco Corporation dated as of October 25, 2005.