ONLINE POWER SUPPLY INC
8-K, 2000-05-24
ELECTRIC SERVICES
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                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 and 15(d) of the
                         Securities Exchange Act of 1934


Date of Report (date of earliest event reported):   May 22, 2000


                            ONLINE POWER SUPPLY, INC.
- --------------------------------------------------------------------------------
              Exact Name of Registrant as Specified in its Charter)

            Nevada                       00-29669                84-1176494
- -------------------------------   -----------------------   --------------------
 (State or other jurisdiction      (Commission File No.)      (I.R.S. Employer
       of incorporation)                                     Identification No.)



     6909 South Holly Circle, Suite 200
     Englewood, Colorado 80112                                   80112
- -------------------------------------------------            -------------------
      (Address of Principal Executive Offices)                  (Zip Code)


       Registrant's telephone number, including area code: (303) 741-5641


                                 Not Applicable
- --------------------------------------------------------------------------------
               (Former Name, Former Address or Former Fiscal Year,
                          if Changed From Last Report)




<PAGE>



ITEM 5.   OTHER EVENTS

         As of February 28, 2000,  the  registrant,  OnLine Power  Supply,  Inc.
announced      the      opening     of     its      Internet      website     at
http;://www.onlinepowersupply.com.  The site has been professionally  created by
Thomas & Perkins Advertising of Denver,  Colorado to provide use friendly access
to information on the company by potential customers and shareholders.

         The  site is  still  undergoing  development,  but  introduces  the new
corporate  logo design that will be featured on all of our  products  and in our
overall advertising program to establish a brand identity.

         The  design  approach  to the  website  is the  same  as our  corporate
philosophy:  it is efficient,  easy to use,  functional  and speedy.  We welcome
comments  from users so that we can improve the  operations of the site based on
user ideas.

         As time  goes on,  we will be making  changes  to the  site,  including
establishment of an online store for purchasing OnLine logo golf/polo shirts.

FORWARD-LOOKING STATEMENTS

         Except for the historical information,  all of the information which is
contained  in this press  release are  "forward-looking"  statements  within the
meaning  of  section  27A of the  1933  Act and  section  21E of the  Securities
Exchange  Act of 1934.  Specifically,  all  statements  regarding  our  business
strategy  and plans and  objectives  of  management  for future  operations  are
forward-looking  statements.  These forward-looking  statements are based on the
beliefs of management,  as well as assumptions made by and information currently
available to  management.  These  statements  involve  known and unknown  risks,
including the risks  resulting from economic and market  conditions,  accurately
forecasting  operating and capital  expenditures  and capital needs,  successful
anticipation  of  competition  which  may  not  yet  be  fully  developed,   the
uncertainties of litigation, and other business conditions. The use of the words
"confident",  "prove",  "anticipate,"  "believe,"  "estimate,"  "expect," "may,"
"will," "continue" and "intend" and similar words or phrases, are intended by us
to identify forward-looking  statements (also known as "cautionary statements").
These statements  reflect our current views with respect to future events.  They
are subject to the  realization  in fact of  assumptions,  but what we now think
will happen may turn out to be inaccurate or  incomplete.  Our actual  operating
results and financial  performance  may prove to be very  different from what we
now predict or anticipate.

         Although we believe that our  expectations  are  reasonable,  we cannot
assure you that our  expectations  will prove to be  correct.  Based on changing
conditions,  should any one or more of these risks or uncertainties materialize,
or should any of our underlying assumptions prove incorrect,  actual results for
the  Company  may  vary  substantially  from  what we now  anticipate,  believe,
estimate,  expect or intend.  All  subsequent  written and oral  forward-looking
statements attributable to us are expressly qualified in their entirety by these
cautionary statements.

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<PAGE>


                                   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.

                                       ONLINE POWER SUPPLY, INC.


Dated: May 24, 2000                    By:       /s/    Kris M. Budinger
                                              ----------------------------------
                                              KRIS M. BUDINGER, President


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