BEV TYME INC
8-K, 1998-03-13
GROCERIES & RELATED PRODUCTS
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                       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) March 4, 1998

                                 BEV-TYME, INC.
- --------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


Delaware                            0-21166                       36-37639323
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(State or other                   (Commission                   (IRS Employer
jurisdiction of                   File Number)               Identification No.)
Formation)


800 Sheffield Avenue, Brooklyn, New York                                   11207
- --------------------------------------------------------------------------------
(Address of principal executive offices)                              (Zip Code)



Registrant's telephone number, including area code (718) 485-9222
                                                   --------------


- --------------------------------------------------------------------------------
          (Former name or former address, if changes since last report)

 NEW DAY BEVERAGE, INC.
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 134 MORGAN AVENUE, BROOKLYN, NY  11237
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<PAGE>


Item 5.  OTHER EVENTS


         Bev-Tyme, Inc. (the "Registrant") is currently in default of certain of
its  obligations,  including a loan  agreement and a settlement  agreement.  The
Registrant has been and is presently seeking substantial  additional  financing.
In the event that the  Registrant  is  unsuccessful  in seeking such  additional
financing  in the near  future,  the  Registrant  and/or its  subsidiary  may be
required to seek protection from its creditors under bankruptcy laws.




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<PAGE>


                                   SIGNATURES


         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  Registrant  has duly  authorized  and caused the  undersigned  to sign this
Report on the Registrant's behalf.



                                                     BEV TYME, INC.



                                               By: /s/ Alfred Sipper
                                                  ------------------------------
                                                       ALFRED SIPPER
                                                       President


Dated:  March 12, 1998



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