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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="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SECURITIES
      AND EXCHANGE COMMISSION</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">Washington,
      D.C. 20549</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"><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"><strong>FORM
      8-K</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"><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"><strong>CURRENT
      REPORT</strong></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"><strong>PURSUANT
      TO SECTION 13 OR 15(d) OF </strong></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"><strong>THE
      SECURITIES EXCHANGE ACT OF 1934</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"><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">Date
      of
      Report (Date of earliest event reported): </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>February
      3, 2006 </u></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"><br></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="center"><font id="TAB1" style="MARGIN-LEFT: 9pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>TASKER
      CAPITAL CORP.</u></strong></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>
    <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"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></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"><strong>Nevada</strong></font></div>
            </td>
            <td align="left" valign="top" width="30%" style="border-bottom: black thin solid;">
              <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"><strong>000-32019</strong></font></div>
            </td>
            <td align="left" valign="top" width="30%" style="border-bottom: black thin solid;">
              <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"><strong>88-0426048</strong></font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="30%">
              <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
                or other</font></div>
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            <td align="left" valign="top" width="30%">
              <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</font></div>
            </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">(IRS
                Employer</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">jurisdiction
                of</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">File
                Number)</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">Identification
                Number)</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">incorporation)</font></div>
            </td>
            <td align="left" valign="top" width="30%">&#160;</td>
            <td align="left" valign="top" width="30%">&#160;</td>
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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"><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"><strong><u>39
      Old Ridgebury Road, Suite 14, Danbury, CT 06810-5116</u></strong></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">(Address
      of principal executive offices, including zip code)</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"><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"><strong><u>(203)
      730-4350</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>&#160;</u></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">(Registrant&#8217;s
      telephone number, including area code)</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"><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">(Former
      name or former address, if changed since last report)</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="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>
    <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"><font style="DISPLAY: inline; FONT-FAMILY: Wingdings">o</font>
      Written communications
      pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</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"><font style="FONT-FAMILY: Wingdings">o</font>
      Soliciting material pursuant to Rule
      14a-12 under the Exchange Act (17 CFR 240.14a-12)</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"><font style="FONT-FAMILY: Wingdings">o</font>
      Pre-commencement communications pursuant
      to Rule 14d-2(b) under the Exchange Act (17&#160;CFR 240.14d-2(b))</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"><font style="FONT-FAMILY: Wingdings">o</font>
      Pre-commencement communications pursuant
      to Rule 13e-4(c) under the Exchange Act (17&#160;CFR 240.13e-4(c))</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div>&#160;</div>
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    <div>&#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"><strong>Item
      1.01</strong>&#160;<strong>Entry into a Material Definitive
      Agreement</strong></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"><em><u>Employment
      Agreement with Stathis Kouninis</u></em></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">On
      February 8, 2006, the Company appointed Stathis Kouninis as Chief Financial
      Officer. Although no formal employment agreement has been entered into, the
      Board has agreed, in principal, to the following terms: (i) Mr. Kouninis will
      be
      paid a base salary of $165,000 per year; (ii) any bonus payment made to Mr.
      Kouninis will be at the discretion of the Board; and (iii) Mr. Kouninis will
      be
      eligible to participate in the Company&#8217;s existing benefit plans. In addition,
      the employment agreement will have a term of three years with provision for
      automatic renewal for successive one year terms. If Mr. Kouninis is terminated
      by the Company for any reason other than cause, as defined in his employment
      agreement, or if he should resign for good reason, as defined in his employment
      agreement, Mr. Kouninis will be entitled to receive, for a period of six months
      following termination, his base salary at the rate in effect on the date of
      termination. The obligation to pay severance is conditioned upon Mr. Kouninis&#8217;s
      execution of a mutually agreeable release of claims against the Company.
</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 has granted Mr. Kouninis stock options to purchase 450,000 shares of
      the
      Company&#8217;s common stock at an exercise price of $1.00 per share. The options have
      a ten year term, less one day. Twenty five percent (25%) of the options vested
      on the date of grant, and the remainder will vest in equal monthly installments
      over the two-year period from the date of grant, provided that Mr. Kouninis
      remains employed by the Company. If the Company undergoes a change in control,
      as defined in his employment agreement, the stock options granted above will
      fully vest upon the change in control. </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"><em><u>Separation
      Agreement with Robert D. Jenkins</u></em></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">On
      February 8, 2006, Robert D. Jenkins and the Company entered into a Separation
      Agreement and General Release in connection with Mr. Jenkins&#8217;s resignation as
      the Company&#8217;s Chief Financial Officer. Pursuant to the Separation Agreement and
      General Release, the Company has agreed to continue to pay Mr. Jenkins at his
      current annual base salary rate of $200,000 through June 28, 2006. Mr. Jenkins
      will also continue to be eligible to participate in the Company&#8217;s medical and
      dental plans until August 31, 2006, with the Company continuing to pay eighty
      percent (80%) of the premium for such coverage. In addition, the Company agreed
      that the exercise period for Mr. Jenkins&#8217;s options to purchase 1,000,000 shares
      of the Company&#8217;s common stock would be reduced from 10 years from the grant date
      to 5 years from the grant date. </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"><em><u>New
      Employment Agreement with Richard D. Falcone </u></em></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">Effective
      on the closing of the January private placement, the Board of Directors of
      the
      Company appointed Richard D. Falcone as the new President and Chief Executive
      Officer of the Company. On February 9, 2006, the Company entered into an
      employment agreement with Mr. Falcone. The principal terms agreed between the
      Board and Mr. Falcone that the Company previously disclosed are unchanged;
      namely, (i) Mr. Falcone&#8217;s base salary is $275,000 per year; (ii) any bonus
      payments made to Mr. Falcone will be at the discretion of the Board; (iii)
      Mr.
      Falcone is eligible to participate in the Company&#8217;s existing benefit plans; and
      (iv) Mr. Falcone has use of a Company car. In addition, the Company has agreed
      to provide Mr. Falcone with disability benefits, and has agreed to reimburse
      Mr.
      Falcone for health insurance coverage if the Company terminates its group health
      insurance plan. The employment agreement has a term of three years, with
      provision for automatic renewal for successive three year terms. If Mr. Falcone
      is terminated by the Company for any reason other than cause, as defined in
      his
      employment agreement, if he should resign for a good reason, as defined in
      his
      employment agreement and which includes a change in control of the Company,
      or
      if the Company should not renew his employment agreement after the expiration
      of
      the term, Mr. Falcone is entitled to severance. The severance payable to Mr.
      Falcone is dependant on how long he has been employed at the Company, beginning
      with twenty-four months of base salary (and any bonus to which he would have
      been entitled during such period) payable upon termination immediately after
      execution of his employment agreement, decreasing by one month for each month
      he
      remains employed at the Company, but subject to a minimum severance of twelve
      months of base salary. The obligation to pay severance is conditioned upon
      Mr.
      Falcone&#8217;s execution of a mutually agreeable release of claims against the
      Company. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</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
      previously disclosed, the Board also granted Mr. Falcone 2,200,000 stock options
      with an exercise price of $1.00 per share. The options have a ten year term,
      less one day. Twenty-five percent (25%) of the options vested immediately,
      and
      the remainder vest in equal monthly installments over the two-year period from
      the date of grant. If Mr. Falcone is terminated by the Company other than for
      cause, if Mr. Falcone resigns for good reason, or if termination is caused
      by
      Mr. Falcone&#8217;s death, the options will continue to vest; otherwise, vesting of
      the options ceases upon Mr. Falcone&#8217;s termination. In addition, if the Company
      undergoes a change in control, as defined in his employment agreement, the
      stock
      options granted above will fully vest upon the change in control. </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"><em><u>Consulting
      Agreement with Gordon Davis</u></em></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">As
      the
      Company has previously reported, on January 26, 2006, the Company approved
      a new
      consulting arrangement with Mr. Gordon Davis, the Company&#8217;s Chairman of the
      Board of Directors. On February 9, 2006, the Company entered into a consulting
      agreement with Mr. Davis with an effective date of February 2, 2006. The
      principal terms agreed between the Board and Mr. Davis that the Company
      previously disclosed are unchanged; namely, (i) Mr. Davis&#8217;s consulting fee is
      $120,000 per year; and (ii) Mr. Davis has use of a Company car for Company
      business. The consulting agreement has a term of three years, with provision
      for
      automatic renewal for successive one year terms. If Mr. Davis is terminated
      for
      any reason other than by the Company for cause, as defined in his consulting
      agreement, including if the consulting agreement is not renewed by the Company,
      he will be entitled to termination payments. If Mr. Davis&#8217;s termination is
      caused by his death or disability, then the termination fee is equal to
      $120,000. If the Company terminates Mr. Davis for any reason other then for
      cause, if Mr. Davis terminates the agreement for good reason, or if the Company
      does not renew the consulting agreement, then Mr. Davis&#8217;s termination fee is
      dependant on when the termination takes place. If the termination occurs prior
      to the one year anniversary of the effective date, then Mr. Davis is entitled
      to
      the $120,000 annual consulting fee for the remainder of the term of the
      consulting agreement. If the termination occurs after the one year anniversary
      of the effective date, Mr. Davis is entitled to the consulting fee then in
      effect for a period of one year following termination. The obligation to pay
      the
      termination fee is conditioned upon Mr. Davis&#8217;s execution of a release of claims
      against the Company. Mr. Davis will continue to receive remuneration for service
      on the Board of Directors. </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">As
      previously disclosed, the Board also granted Mr. Davis 1,750,000 stock options
      with an exercise price of $1.00 per share. The options have a ten year term,
      less one day. Twenty-five percent (25%) of the options vested immediately,
      and
      the remainder vest in equal monthly installments over the two-year period from
      the date of grant. If Mr. Davis is terminated by the Company other than for
      cause, if Mr. Davis terminates for good reason, or if termination is caused
      by
      Mr. Davis&#8217;s death or disability, or non-renewal of the agreement by the Company,
      the options will continue to vest, otherwise, vesting of the options ceases
      upon
      Mr. Davis&#8217;s termination as a consultant. In addition, if the Company undergoes a
      change in control, as defined in the consulting agreement, the stock options
      granted above will fully vest upon the change in control.</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="left">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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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"><em><u>Stock
      Option Grant to Mr. Canosa</u></em></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">Effective
      February 3, 2006, the Company appointed Mr. Albert A. Canosa to the Board of
      Directors. In connection with this appointment, the Board granted Mr. Canosa
      250,000 stock options with an exercise price of $1.00 per share. The options
      have a ten year term, less one day. Twenty-five percent (25%) of the options
      vested immediately, and the remainder vest in equal monthly installments over
      the two-year period from the date of grant. In addition, Mr. Canosa will receive
      remuneration for service on the Board of Directors in accordance with the
      Board&#8217;s existing policy on Director fees.</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
      description of agreements and securities contained in this Form 8-K is qualified
      in its entirety by reference to the full text of the agreements and securities
      that the Company will file as exhibits to the Company&#8217;s next periodic report.
</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: -72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
      5.02</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>Departure
      of Principal Officers; Election of Directors; Appointment of Principal
      Officers.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#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">Effective
      February 3, 2006, the Company appointed Mr. Albert A. Canosa to the Board of
      Directors of the Company to fill a vacancy on the Board of Directors. Mr. Canosa
      was suggested to the Board of Directors by the purchasers holding a majority
      of
      the units purchased in the January private placement. Mr. Canosa will serve
      on
      the Compensation Committee and will serve as the Chairman of the Audit
      Committee, replacing Mr. Falcone, who has resigned from both committee
      memberships due to his recent appointment as President and Chief Executive
      Officer of the Company. Mr. Canosa adds 35 years of executive management
      experience to the Company&#8217;s Board. He was most recently the President and Chief
      Executive Officer and Corporate Director of Raytech Corporation, a manufacturer
      of vehicular components. He also served as Raytech&#8217;s Chief Financial Officer
      prior to assuming the more senior role. Mr. Canosa also worked for Raymark
      Corporation as its industrial division&#8217;s controller and for Olin Corporation as
      financial manager. He serves on the Boards of Directors of the United Way of
      Branford and the Marlin Firearms Company, and is a trustee of Quinnipiac
      University, where he received his Bachelor of Science degree in accounting.
      </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#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">The
      Company has agreed to take all actions necessary to ensure that Mr. Canosa
      will
      be included on the Company&#8217;s slate of Board nominees submitted for a shareholder
      vote at the Company&#8217;s next scheduled annual meeting of shareholders.
</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#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">On
      February 8, 2006, the Company appointed Mr. Stathis Kouninis to serve as the
      Company&#8217;s Chief Financial Officer (and the Company&#8217;s principal financial officer
      and principal accounting officer). Mr. Kouninis, age 44, replaces Mr. Robert
      Jenkins, who&#8217;s resignation was effective upon entering the Separation Agreement
      dated February 8, 2006. Mr. Kouninis is joining the Company from the U.S.
      Securities and Exchange Commission where he worked in the Division of Corporate
      Finance. Prior to the SEC, Mr. Kouninis was the Director of Finance for
      Bottomline Technologies, Inc., a publicly traded financial process software
      and
      solutions company. Prior to Bottomline, Mr. Kouninis served as Chief Financial
      Officer of PCA, Inc., an educational non-profit organization, and as Director
      of
      Finance for CMGI, Inc., a publicly traded $1 billion Internet technology
      incubator. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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        </div>
      </div>
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    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#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">Mr.
      Kouninis is the son-in-law of Gordon Davis, the Chairman of the Company&#8217;s Board
      of Directors. </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">For
      a
      description of the terms of the proposed employment agreement with Mr. Kouninis,
      </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">see
      the
      disclosure set forth in Item 1.01 above under the heading &#8220;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Employment
      Agreement with Stathis Kouninis</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8221;,
      which
      is incorporated herein by reference. Except for those stated above, there are
      no
      transactions </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">or
      proposed transactions to which the Company or its subsidiaries is a party and
      in
      which Mr.&#160;Kouninis has or will have a direct or indirect material
      interest.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div><br>
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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"><strong>SIGNATURES</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"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><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>
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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>
          </tr>
          <tr valign="top" bgcolor="#ffffff">
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
            <td colspan="2">
              <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>TASKER
                CAPITAL CORP.</strong></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><a name="BM_2_"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Registrant)</font></a></div>
            </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>&#160;</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: Times New Roman">/s/
              Richard D. Falcone</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">
                <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">President
                  and Chief Executive
                  Officer</font></div>
              </div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><a name="BM_2_"/>&#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:
      February 9, 2006</font></div>
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{"company-data": {"conformed-name": "TASKER CAPITAL CORP", "cik": "0001084557", "assigned-sic": "2844", "irs-number": "880426048", "state-of-incorporation": "NV", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-32019", "film-number": "06594733"}, "business-address": {"street1": "39 OLD RIDGEBURY ROAD", "street2": "SUITE 14", "city": "DANBURY", "state": "CT", "zip": "06810", "phone": "2037304350"}, "mail-address": {"street1": "39 OLD RIDGEBURY ROAD", "street2": "SUITE 14", "city": "DANBURY", "state": "CT", "zip": "06810"}}
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):
February
      3, 2006
TASKER
      CAPITAL CORP.
(Exact
      name of registrant as specified in its charter)
Nevada
000-32019
88-0426048
(State
                or other
(Commission
(IRS
                Employer
jurisdiction
                of
File
                Number)
Identification
                Number)
incorporation)
39
      Old Ridgebury Road, Suite 14, Danbury, CT 06810-5116
(Address
      of principal executive offices, including zip code)
(203)
      730-4350
(Registrant's
      telephone number, including area code)
(Former
      name or former address, if changed since last report)
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
      1.01
Entry into a Material Definitive
      Agreement
Employment
      Agreement with Stathis Kouninis
On
      February 8, 2006, the Company appointed Stathis Kouninis as Chief Financial
      Officer. Although no formal employment agreement has been entered into, the
      Board has agreed, in principal, to the following terms: (i) Mr. Kouninis will
      be
      paid a base salary of $165,000 per year; (ii) any bonus payment made to Mr.
      Kouninis will be at the discretion of the Board; and (iii) Mr. Kouninis will
      be
      eligible to participate in the Company's existing benefit plans. In addition,
      the employment agreement will have a term of three years with provision for
      automatic renewal for successive one year terms. If Mr. Kouninis is terminated
      by the Company for any reason other than cause, as defined in his employment
      agreement, or if he should resign for good reason, as defined in his employment
      agreement, Mr. Kouninis will be entitled to receive, for a period of six months
      following termination, his base salary at the rate in effect on the date of
      termination. The obligation to pay severance is conditioned upon Mr. Kouninis's
      execution of a mutually agreeable release of claims against the Company.
The
      Company has granted Mr. Kouninis stock options to purchase 450,000 shares of
      the
      Company's common stock at an exercise price of $1.00 per share. The options have
      a ten year term, less one day. Twenty five percent (25%) of the options vested
      on the date of grant, and the remainder will vest in equal monthly installments
      over the two-year period from the date of grant, provided that Mr. Kouninis
      remains employed by the Company. If the Company undergoes a change in control,
      as defined in his employment agreement, the stock options granted above will
      fully vest upon the change in control.
Separation
      Agreement with Robert D. Jenkins
On
      February 8, 2006, Robert D. Jenkins and the Company entered into a Separation
      Agreement and General Release in connection with Mr. Jenkins's resignation as
      the Company's Chief Financial Officer. Pursuant to the Separation Agreement and
      General Release, the Company has agreed to continue to pay Mr. Jenkins at his
      current annual base salary rate of $200,000 through June 28, 2006. Mr. Jenkins
      will also continue to be eligible to participate in the Company's medical and
      dental plans until August 31, 2006, with the Company continuing to pay eighty
      percent (80%) of the premium for such coverage. In addition, the Company agreed
      that the exercise period for Mr. Jenkins's options to purchase 1,000,000 shares
      of the Company's common stock would be reduced from 10 years from the grant date
      to 5 years from the grant date.
New
      Employment Agreement with Richard D. Falcone
Effective
      on the closing of the January private placement, the Board of Directors of
      the
      Company appointed Richard D. Falcone as the new President and Chief Executive
      Officer of the Company. On February 9, 2006, the Company entered into an
      employment agreement with Mr. Falcone. The principal terms agreed between the
      Board and Mr. Falcone that the Company previously disclosed are unchanged;
      namely, (i) Mr. Falcone's base salary is $275,000 per year; (ii) any bonus
      payments made to Mr. Falcone will be at the discretion of the Board; (iii)
      Mr.
      Falcone is eligible to participate in the Company's existing benefit plans; and
      (iv) Mr. Falcone has use of a Company car. In addition, the Company has agreed
      to provide Mr. Falcone with disability benefits, and has agreed to reimburse
      Mr.
      Falcone for health insurance coverage if the Company terminates its group health
      insurance plan. The employment agreement has a term of three years, with
      provision for automatic renewal for successive three year terms. If Mr. Falcone
      is terminated by the Company for any reason other than cause, as defined in
      his
      employment agreement, if he should resign for a good reason, as defined in
      his
      employment agreement and which includes a change in control of the Company,
      or
      if the Company should not renew his employment agreement after the expiration
      of
      the term, Mr. Falcone is entitled to severance. The severance payable to Mr.
      Falcone is dependant on how long he has been employed at the Company, beginning
      with twenty-four months of base salary (and any bonus to which he would have
      been entitled during such period) payable upon termination immediately after
      execution of his employment agreement, decreasing by one month for each month
      he
      remains employed at the Company, but subject to a minimum severance of twelve
      months of base salary. The obligation to pay severance is conditioned upon
      Mr.
      Falcone's execution of a mutually agreeable release of claims against the
      Company.
As
      previously disclosed, the Board also granted Mr. Falcone 2,200,000 stock options
      with an exercise price of $1.00 per share. The options have a ten year term,
      less one day. Twenty-five percent (25%) of the options vested immediately,
      and
      the remainder vest in equal monthly installments over the two-year period from
      the date of grant. If Mr. Falcone is terminated by the Company other than for
      cause, if Mr. Falcone resigns for good reason, or if termination is caused
      by
      Mr. Falcone's death, the options will continue to vest; otherwise, vesting of
      the options ceases upon Mr. Falcone's termination. In addition, if the Company
      undergoes a change in control, as defined in his employment agreement, the
      stock
      options granted above will fully vest upon the change in control.
Consulting
      Agreement with Gordon Davis
As
      the
      Company has previously reported, on January 26, 2006, the Company approved
      a new
      consulting arrangement with Mr. Gordon Davis, the Company's Chairman of the
      Board of Directors. On February 9, 2006, the Company entered into a consulting
      agreement with Mr. Davis with an effective date of February 2, 2006. The
      principal terms agreed between the Board and Mr. Davis that the Company
      previously disclosed are unchanged; namely, (i) Mr. Davis's consulting fee is
      $120,000 per year; and (ii) Mr. Davis has use of a Company car for Company
      business. The consulting agreement has a term of three years, with provision
      for
      automatic renewal for successive one year terms. If Mr. Davis is terminated
      for
      any reason other than by the Company for cause, as defined in his consulting
      agreement, including if the consulting agreement is not renewed by the Company,
      he will be entitled to termination payments. If Mr. Davis's termination is
      caused by his death or disability, then the termination fee is equal to
      $120,000. If the Company terminates Mr. Davis for any reason other then for
      cause, if Mr. Davis terminates the agreement for good reason, or if the Company
      does not renew the consulting agreement, then Mr. Davis's termination fee is
      dependant on when the termination takes place. If the termination occurs prior
      to the one year anniversary of the effective date, then Mr. Davis is entitled
      to
      the $120,000 annual consulting fee for the remainder of the term of the
      consulting agreement. If the termination occurs after the one year anniversary
      of the effective date, Mr. Davis is entitled to the consulting fee then in
      effect for a period of one year following termination. The obligation to pay
      the
      termination fee is conditioned upon Mr. Davis's execution of a release of claims
      against the Company. Mr. Davis will continue to receive remuneration for service
      on the Board of Directors.
As
      previously disclosed, the Board also granted Mr. Davis 1,750,000 stock options
      with an exercise price of $1.00 per share. The options have a ten year term,
      less one day. Twenty-five percent (25%) of the options vested immediately,
      and
      the remainder vest in equal monthly installments over the two-year period from
      the date of grant. If Mr. Davis is terminated by the Company other than for
      cause, if Mr. Davis terminates for good reason, or if termination is caused
      by
      Mr. Davis's death or disability, or non-renewal of the agreement by the Company,
      the options will continue to vest, otherwise, vesting of the options ceases
      upon
      Mr. Davis's termination as a consultant. In addition, if the Company undergoes a
      change in control, as defined in the consulting agreement, the stock options
      granted above will fully vest upon the change in control.
Stock
      Option Grant to Mr. Canosa
Effective
      February 3, 2006, the Company appointed Mr. Albert A. Canosa to the Board of
      Directors. In connection with this appointment, the Board granted Mr. Canosa
      250,000 stock options with an exercise price of $1.00 per share. The options
      have a ten year term, less one day. Twenty-five percent (25%) of the options
      vested immediately, and the remainder vest in equal monthly installments over
      the two-year period from the date of grant. In addition, Mr. Canosa will receive
      remuneration for service on the Board of Directors in accordance with the
      Board's existing policy on Director fees.
The
      description of agreements and securities contained in this Form 8-K is qualified
      in its entirety by reference to the full text of the agreements and securities
      that the Company will file as exhibits to the Company's next periodic report.
Item
      5.02
Departure
      of Principal Officers; Election of Directors; Appointment of Principal
      Officers.
Effective
      February 3, 2006, the Company appointed Mr. Albert A. Canosa to the Board of
      Directors of the Company to fill a vacancy on the Board of Directors. Mr. Canosa
      was suggested to the Board of Directors by the purchasers holding a majority
      of
      the units purchased in the January private placement. Mr. Canosa will serve
      on
      the Compensation Committee and will serve as the Chairman of the Audit
      Committee, replacing Mr. Falcone, who has resigned from both committee
      memberships due to his recent appointment as President and Chief Executive
      Officer of the Company. Mr. Canosa adds 35 years of executive management
      experience to the Company's Board. He was most recently the President and Chief
      Executive Officer and Corporate Director of Raytech Corporation, a manufacturer
      of vehicular components. He also served as Raytech's Chief Financial Officer
      prior to assuming the more senior role. Mr. Canosa also worked for Raymark
      Corporation as its industrial division's controller and for Olin Corporation as
      financial manager. He serves on the Boards of Directors of the United Way of
      Branford and the Marlin Firearms Company, and is a trustee of Quinnipiac
      University, where he received his Bachelor of Science degree in accounting.
The
      Company has agreed to take all actions necessary to ensure that Mr. Canosa
      will
      be included on the Company's slate of Board nominees submitted for a shareholder
      vote at the Company's next scheduled annual meeting of shareholders.
On
      February 8, 2006, the Company appointed Mr. Stathis Kouninis to serve as the
      Company's Chief Financial Officer (and the Company's principal financial officer
      and principal accounting officer). Mr. Kouninis, age 44, replaces Mr. Robert
      Jenkins, who's resignation was effective upon entering the Separation Agreement
      dated February 8, 2006. Mr. Kouninis is joining the Company from the U.S.
      Securities and Exchange Commission where he worked in the Division of Corporate
      Finance. Prior to the SEC, Mr. Kouninis was the Director of Finance for
      Bottomline Technologies, Inc., a publicly traded financial process software
      and
      solutions company. Prior to Bottomline, Mr. Kouninis served as Chief Financial
      Officer of PCA, Inc., an educational non-profit organization, and as Director
      of
      Finance for CMGI, Inc., a publicly traded $1 billion Internet technology
      incubator.
Mr.
      Kouninis is the son-in-law of Gordon Davis, the Chairman of the Company's Board
      of Directors.
For
      a
      description of the terms of the proposed employment agreement with Mr. Kouninis,
see
      the
      disclosure set forth in Item 1.01 above under the heading "
Employment
      Agreement with Stathis Kouninis
",
      which
      is incorporated herein by reference. Except for those stated above, there are
      no
      transactions
or
      proposed transactions to which the Company or its subsidiaries is a party and
      in
      which Mr. Kouninis has or will have a direct or indirect material
      interest.
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.
TASKER
                CAPITAL CORP.
(Registrant)
By:
/s/
              Richard D. Falcone
President
                  and Chief Executive
                  Officer
Date:
      February 9, 2006