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      8-K</font></div>
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      TO SECTION 13 OR 15(d) OF THE</font></div>
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      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">January
      30, 2006</font></div>
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      Technologies, Inc.</font></div>
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      Koger Boulevard</font></div>
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      GA 30096</font></div>
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      of principal executive offices)</font></div>
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      279-3100</font></div>
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      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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                communications pursuant to Rule 425 under the Securities Act (17
                CFR
                230.425)</font></div>
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                material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
                240.14a-12)</font></div>
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                CFR
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                communications pursuant to Rule 13e-4(c) under the Exchange Act (17
                CFR
                240.13e-4(c))</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"><br></div>
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        </div>
      </div>
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    <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"><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="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">As
      earlier reported, on March 31, 2005, Mr. Richard Seifert and KC Ventures, Inc.
      (collectively, &#8220;Claimants&#8221;) filed with the American Arbitration Association in
      Atlanta, Georgia certain claims against SmartVideo Technologies Inc. (the
&#8220;Company&#8221;) and its wholly-owned subsidiary, OVT, Inc. (together with the
      Company, the &#8220;Respondents&#8221;). The arbitration case number is 30-181-559-05. The
      Claimants assert causes of action against the Respondents for breach of
      contract, breach of fiduciary duty, unjust enrichment, violation of
      Pennsylvania's Commissioned Sales Representative Act, and seek an accounting
      and
      declaratory judgment. The claims are based upon a Representation Agreement,
      dated February 6, 2003, between KC Ventures and OVT, Inc. and an Advisory
      Agreement dated February 19, 2003, between the Company and KC Ventures. One
      or
      both Claimants contend that they have earned or will earn compensation under
      the
      Representation Agreement in excess of $10,000,000 for providing customers and
      content to the Respondents. One or both Claimants also contend that they have
      earned fees under the Advisory Agreement in excess of $1,000,000 and certain
      stock options as a result of capital raised for the Company. </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">On
      January 30, 2006, the Respondents entered into a settlement agreement
      (&#8220;Settlement Agreement&#8221;) with the Claimants. Pursuant to the terms of the
      Settlement Agreement, the Company agreed to issue 800,000 shares of Series
      A-1
      Convertible Preferred Stock (&#8220;Preferred Stock&#8221;) to Mr. Seifert and 200,000
      shares of Preferred Stock to his attorneys, Frank, Rosen, Snyder &amp; Moss,
      L.L.P., in exchange for the Claimants agreeing to dismiss the pending
      arbitration with prejudice and to exchange mutual releases of claims. The
      Company also granted certain piggy-back registration rights with respect to
      the
      shares of common stock underlying the Preferred Stock. The Company issued the
      shares of Preferred Stock to Claimants pursuant to Section 4(2) of the
      Securities Act of 1933, as amended. </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
      conversion price for the Preferred Stock presently equals $0.75 per share,
      subject to certain adjustments in accordance with the terms set forth in the
      Company&#8217;s Certificate of Designation (the &#8220;Designation&#8221;) as filed with the
      Secretary of the State of Delaware on November 2, 2005. The conversion price
      of
      the Preferred Stock is subject to a weighted average price adjustment as
      provided in the Designation. </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
      foregoing description of the Settlement Agreement is not intended to be
      complete. Such document is filed as an exhibit to this Form 8-K, and the full
      text of such exhibit is incorporated herein by reference in its
      entirety.</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"><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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          <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>

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            </td>
            <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
                Agreement, dated January 30, 2006, among KC Ventures Inc., Richard
                Seifert, SmartVideo Technologies, Inc. and OVT,
                Inc.</font></div>
            </td>
          </tr>

      </table>
    </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">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>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
      <table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" width="100%">

          <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>
          </tr>
          <tr valign="top" bgcolor="#ffffff">
            <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>
          <tr valign="top" bgcolor="#ffffff">
            <td colspan="2"><font style="FONT-FAMILY: " size="1">&#160;</font></td>
            <td align="left">
              <hr style="COLOR: black" align="left" noshade size="2" width="80%"><font size="2">Name:
              Richard E. Bennett, Jr.</font></td>
          </tr>
          <tr valign="top" bgcolor="#ffffff">
            <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:
              President &amp; CEO</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">&#160;</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">Date:
      January 31, 2006</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": "06566315"}, "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
January
      30, 2006
(Date
      of
      earliest event reported)
SmartVideo
      Technologies, Inc.
(Exact
      name of Registrant as specified in its charter)
Delaware
000-26809
91-1962104
(State
                of incorporation or
organization)
(Commission
                File No.)
(IRS
                Employer Identification No.)
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 March 31, 2005, Mr. Richard Seifert and KC Ventures, Inc.
      (collectively, "Claimants") filed with the American Arbitration Association in
      Atlanta, Georgia certain claims against SmartVideo Technologies Inc. (the
"Company") and its wholly-owned subsidiary, OVT, Inc. (together with the
      Company, the "Respondents"). The arbitration case number is 30-181-559-05. The
      Claimants assert causes of action against the Respondents for breach of
      contract, breach of fiduciary duty, unjust enrichment, violation of
      Pennsylvania's Commissioned Sales Representative Act, and seek an accounting
      and
      declaratory judgment. The claims are based upon a Representation Agreement,
      dated February 6, 2003, between KC Ventures and OVT, Inc. and an Advisory
      Agreement dated February 19, 2003, between the Company and KC Ventures. One
      or
      both Claimants contend that they have earned or will earn compensation under
      the
      Representation Agreement in excess of $10,000,000 for providing customers and
      content to the Respondents. One or both Claimants also contend that they have
      earned fees under the Advisory Agreement in excess of $1,000,000 and certain
      stock options as a result of capital raised for the Company.
On
      January 30, 2006, the Respondents entered into a settlement agreement
      ("Settlement Agreement") with the Claimants. Pursuant to the terms of the
      Settlement Agreement, the Company agreed to issue 800,000 shares of Series
      A-1
      Convertible Preferred Stock ("Preferred Stock") to Mr. Seifert and 200,000
      shares of Preferred Stock to his attorneys, Frank, Rosen, Snyder & Moss,
      L.L.P., in exchange for the Claimants agreeing to dismiss the pending
      arbitration with prejudice and to exchange mutual releases of claims. The
      Company also granted certain piggy-back registration rights with respect to
      the
      shares of common stock underlying the Preferred Stock. The Company issued the
      shares of Preferred Stock to Claimants pursuant to Section 4(2) of the
      Securities Act of 1933, as amended.
The
      conversion price for the Preferred Stock presently equals $0.75 per share,
      subject to certain adjustments in accordance with the terms set forth in the
      Company's Certificate of Designation (the "Designation") as filed with the
      Secretary of the State of Delaware on November 2, 2005. The conversion price
      of
      the Preferred Stock is subject to a weighted average price adjustment as
      provided in the Designation.
The
      foregoing description of the Settlement Agreement is not intended to be
      complete. Such document is filed as an exhibit to this Form 8-K, and the full
      text of such exhibit is incorporated herein by reference in its
      entirety.
Item
      9.01
Financial
      Statements And Exhibits.
(c)
Exhibits.
10.1
Settlement
                Agreement, dated January 30, 2006, among KC Ventures Inc., Richard
                Seifert, SmartVideo Technologies, Inc. and OVT,
                Inc.
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:
              President & CEO
Date:
      January 31, 2006
-2-