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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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    <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: 16pt; FONT-FAMILY: Times New Roman">FORM
      8-K</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">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>
    <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">June
      8,
      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
      of
      earliest event reported)</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: 20pt; FONT-FAMILY: Times New Roman">Smart
      Video Technologies, Inc.</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">(Exact
      name of Registrant as specified in its charter)</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">Delaware</font></div>
            </td>
            <td valign="top" width="34%">
              <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">000-26809</font></div>
            </td>
            <td valign="top" width="33%">
              <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">91-1962104</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">(State
                of incorporation or</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">(Commission
                File No.)</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">(IRS
                Employer Identification No.)</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">organization)</font></div>
            </td>
            <td valign="top" width="34%">&#160;</td>
            <td valign="top" width="33%">&#160;</td>
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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">3505
      Koger Boulevard</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">Suite
      400</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">Duluth,
      GA 30096</font></div>
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      of principal executive offices)</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">(770)
      279-3100</font></div>
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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">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>
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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"><font style="DISPLAY: inline; FONT-FAMILY: Wingdings">o</font></font></div>
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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">Written
                communications pursuant to Rule 425 under the Securities Act (17
                CFR
                230.425)</font></div>
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            </td>
            <td align="left" valign="middle" width="74%">
              <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">Soliciting
                material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
                240.14a-12)</font></div>
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            </td>
            <td align="left" valign="middle" width="74%">
              <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">Pre-commencement
                communications pursuant to Rule 14d-2(b) under the Exchange Act (17
                CFR
                240.14d-2(b))</font></div>
            </td>
          </tr>
          <tr>
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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"><font style="DISPLAY: inline; FONT-FAMILY: Wingdings">o</font></font></div>
            </td>
            <td align="left" valign="middle" width="74%">
              <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">Pre-commencement
                communications pursuant to Rule 13e-4(c) under the Exchange Act (17
                CFR
                240.13e-4(c))</font></div>
            </td>
          </tr>

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    </div>
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    </div><br>
    <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"><strong>Item
      3.02</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Unregistered
      Sales of Equity Securities.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <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">As
      earlier reported, on December 15, 2005, SmartVideo Technologies, Inc. (the
      &#8220;Company&#8221;) received a letter on behalf of Enable Growth Partners, L.P.
      (&#8220;Enable&#8221;) demanding that the Company pay cash damages of $1,757,567.71 within
      five business days thereafter. Enable alleges that it sold 295,001 shares of
      the
      Company&#8217;s common stock in the public markets during November and December 2005
      in reliance on the Company&#8217;s Registration Statement on Form SB-2 that was
      declared effective on July 1, 2005. The Company was unable to issue unlegended
      shares to cover Enable&#8217;s alleged sale of 295,001 shares because such
      registration statement did not contain current information regarding the
      Company. As a result, Enable alleges that it was required to purchase shares
      of
      the Company&#8217;s common stock in the open market to satisfy its sale of such
      securities.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <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">On
      June
      8, 2006, the Company entered into a settlement and release agreement
      (&#8220;Settlement Agreement&#8221;) with Enable. Pursuant to the terms of the Settlement
      Agreement, the Company agreed to issue 450,000 shares (the &#8220;Shares&#8221;) of the
      Company&#8217;s common stock to Enable, in exchange for Enable agreeing to release the
      Company and its directors, officers, shareholders, employees and agents from
      all
      suits, claims, charges, liabilities and causes of action arising out of,
      relating to, or in connection with Enable&#8217;s allegations set forth in the
      preceding paragraph. The closing price of the Company&#8217;s common stock on June 8,
      2006 was $1.44 per share. In order to compensate the Company for issuing the
      Shares to Enable, Richard E. Bennett, Jr., a director and Chief Executive
      Officer of the Company, has agreed to cause RB Family Holdings Ltd. (&#8220;RB&#8221;) to
      return 450,000 shares of the Company&#8217;s common stock owned by RB to the Company
      for cancellation. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <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">The
      Company also agreed to register the Shares for resale by Enable on a
      registration statement to be filed with the Securities and Exchange Commission
      within 30 days after June 8, 2006 and to cause such registration statement
      to be
      declared effective as soon as possible thereafter, but in any event within
      120
      days after June 8, 2006. The Company issued the shares of common stock to Enable
      pursuant to the transactional exemption under Section 4(2).</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <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">As
      part
      of the settlement, the Company agreed to release Enable and its directors,
      officers, shareholders, members, partners, employees and agents from all suits,
      claims, charges, liabilities and causes of action arising out of, relating
      to,
      or in connection with Enable&#8217;s allegations set forth in the first paragraph of
      this section.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <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">The
      foregoing description of the Settlement Agreement does not purport to be
      complete and is qualified in its entirety by reference to the Settlement
      Agreement attached hereto as Exhibit 10.1 and incorporated herein by
      reference.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <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">The
      Settlement Agreement is provided to give investors information regarding the
      terms of the document. It is not provided to give investors factual information
      about the Company or any other parties thereto. In addition, the
      representations, warranties and covenants contained in the Settlement Agreement
      were made only for purposes of the Settlement Agreement and as of the date
      thereof, were solely for the benefit of the parties to the Settlement Agreement
      and may be subject to limitations agreed by the contracting parties, including
      being qualified by disclosures exchanged between the parties in connection
      with
      the execution of the Settlement Agreement. The representations and warranties
      may have been made for the purposes of allocating contractual risk between
      the
      parties to the Settlement Agreement instead of establishing these matters as
      facts, and may be subject to standards of materiality applicable to the
      contracting parties that differ from those applicable to investors. Investors
      are not third-party beneficiaries under the Settlement Agreement and should
      not
      view the representations, warranties and covenants or any descriptions thereof
      as characterizations of the actual state of facts or conditions of the Company.
      </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"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
      9.01 </strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Financial
      Statements And Exhibits.</strong></font></div>
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    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

          <tr valign="top" style="line-height: 1.25;">
            <td align="left" style="width: 36pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(c)</font></td>
            <td align="left">
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Exhibits.</font></div>
            </td>
          </tr>

      </table>
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      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

          <tr valign="top" style="line-height: 1.25;">
            <td align="left" style="width: 36pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10.1</font></td>
            <td align="left">
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Settlement
                and Release Agreement dated as of June 8, 2006 between Enable Growth
                Partners, L.P. and SmartVideo Technologies,
                Inc.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>&#160;</div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: ">-2-</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
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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">SIGNATURE</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <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
      duly caused this report to be signed on its behalf by the undersigned hereunto
      duly authorized. </font></div>
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          <tr valign="top" bgcolor="#ffffff">
            <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
            <td width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
            <td width="49%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
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            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
            <td colspan="2"><font size="2">SMARTVIDEO TECHNOLOGIES, INC.</font></td>
          </tr>
          <tr valign="top" bgcolor="#ffffff">
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
          </tr>
          <tr valign="top" bgcolor="#ffffff">
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">By:&#160;&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">/s/
              Richard E. Bennett, Jr.</font></td>
          </tr>
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            <td align="left">
              <hr style="COLOR: black" align="left" noshade size="2" width="80%"><font size="2">Name:
              Richard E. Bennett, Jr.</font></td>
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            <td colspan="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">Title:
              Chief Executive Officer </font></td>
          </tr>

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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">Date:
      June 13, 2006</font></div>
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      Index </font></div>
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                No.</strong></font></div>
            </td>
            <td align="left" valign="top" width="3%">&#160;</td>
            <td align="left" valign="top" width="65%" style="border-bottom: black thin solid;">
              <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"><strong>Description</strong></font></div>
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            <td align="left" valign="top" width="3%">&#160;</td>
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            </td>
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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">Settlement
                and Release Agreement dated as of June 8, 2006 between Enable Growth
                Partners, L.P. and SmartVideo Technologies,
                Inc.</font></div>
            </td>
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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": "06901989"}, "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
June
      8,
      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:
o
Written
                communications pursuant to Rule 425 under the Securities Act (17
                CFR
                230.425)
o
Soliciting
                material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
                240.14a-12)
o
Pre-commencement
                communications pursuant to Rule 14d-2(b) under the Exchange Act (17
                CFR
                240.14d-2(b))
o
Pre-commencement
                communications pursuant to Rule 13e-4(c) under the Exchange Act (17
                CFR
                240.13e-4(c))
Item
      3.02
Unregistered
      Sales of Equity Securities.
As
      earlier reported, on December 15, 2005, SmartVideo Technologies, Inc. (the
      "Company") received a letter on behalf of Enable Growth Partners, L.P.
      ("Enable") demanding that the Company pay cash damages of $1,757,567.71 within
      five business days thereafter. Enable alleges that it sold 295,001 shares of
      the
      Company's common stock in the public markets during November and December 2005
      in reliance on the Company's Registration Statement on Form SB-2 that was
      declared effective on July 1, 2005. The Company was unable to issue unlegended
      shares to cover Enable's alleged sale of 295,001 shares because such
      registration statement did not contain current information regarding the
      Company. As a result, Enable alleges that it was required to purchase shares
      of
      the Company's common stock in the open market to satisfy its sale of such
      securities.
On
      June
      8, 2006, the Company entered into a settlement and release agreement
      ("Settlement Agreement") with Enable. Pursuant to the terms of the Settlement
      Agreement, the Company agreed to issue 450,000 shares (the "Shares") of the
      Company's common stock to Enable, in exchange for Enable agreeing to release the
      Company and its directors, officers, shareholders, employees and agents from
      all
      suits, claims, charges, liabilities and causes of action arising out of,
      relating to, or in connection with Enable's allegations set forth in the
      preceding paragraph. The closing price of the Company's common stock on June 8,
      2006 was $1.44 per share. In order to compensate the Company for issuing the
      Shares to Enable, Richard E. Bennett, Jr., a director and Chief Executive
      Officer of the Company, has agreed to cause RB Family Holdings Ltd. ("RB") to
      return 450,000 shares of the Company's common stock owned by RB to the Company
      for cancellation.
The
      Company also agreed to register the Shares for resale by Enable on a
      registration statement to be filed with the Securities and Exchange Commission
      within 30 days after June 8, 2006 and to cause such registration statement
      to be
      declared effective as soon as possible thereafter, but in any event within
      120
      days after June 8, 2006. The Company issued the shares of common stock to Enable
      pursuant to the transactional exemption under Section 4(2).
As
      part
      of the settlement, the Company agreed to release Enable and its directors,
      officers, shareholders, members, partners, employees and agents from all suits,
      claims, charges, liabilities and causes of action arising out of, relating
      to,
      or in connection with Enable's allegations set forth in the first paragraph of
      this section.
The
      foregoing description of the Settlement Agreement does not purport to be
      complete and is qualified in its entirety by reference to the Settlement
      Agreement attached hereto as Exhibit 10.1 and incorporated herein by
      reference.
The
      Settlement Agreement is provided to give investors information regarding the
      terms of the document. It is not provided to give investors factual information
      about the Company or any other parties thereto. In addition, the
      representations, warranties and covenants contained in the Settlement Agreement
      were made only for purposes of the Settlement Agreement and as of the date
      thereof, were solely for the benefit of the parties to the Settlement Agreement
      and may be subject to limitations agreed by the contracting parties, including
      being qualified by disclosures exchanged between the parties in connection
      with
      the execution of the Settlement Agreement. The representations and warranties
      may have been made for the purposes of allocating contractual risk between
      the
      parties to the Settlement Agreement instead of establishing these matters as
      facts, and may be subject to standards of materiality applicable to the
      contracting parties that differ from those applicable to investors. Investors
      are not third-party beneficiaries under the Settlement Agreement and should
      not
      view the representations, warranties and covenants or any descriptions thereof
      as characterizations of the actual state of facts or conditions of the Company.
Item
      9.01
Financial
      Statements And Exhibits.
(c)
Exhibits.
10.1
Settlement
                and Release Agreement dated as of June 8, 2006 between Enable Growth
                Partners, L.P. and SmartVideo Technologies,
                Inc.
-2-
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/
              Richard E. Bennett, Jr.
Name:
              Richard E. Bennett, Jr.
Title:
              Chief Executive Officer
Date:
      June 13, 2006
-3-
Exhibit
      Index
Exhibit
                No.
Description
10.1
Settlement
                and Release Agreement dated as of June 8, 2006 between Enable Growth
                Partners, L.P. and SmartVideo Technologies,
                Inc.
-4-