ALGORHYTHM TECHNOLOGIES CORP /FL/
8-K, 1997-08-20
COMPUTER PROGRAMMING SERVICES
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                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549



                                    FORM 8-K



                               CURRENT INFORMATION



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



Date of Report (Date of earliest event reported)      August 13, 1997
                                                 -------------------------------

                       Algorhythm Technologies Corporation
- --------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


         Nevada                     0-25276                88-0320364
- --------------------------------------------------------------------------------
(State or other jurisdiction     (Commission           (I.R.S. Employer
      of incorporation)          File Number)         Identification No.)


4330 NW 207th Drive, Miami, FL                                      33055
- --------------------------------------------------------------------------------
(Address of principal executive offices)                          (Zip Code)


Registrant's telephone number, including area code:        (305) 625-0332
                                                    ----------------------------

                          Nitros Franchise Corporation
- --------------------------------------------------------------------------------
          (Former name or former address, if changed since last report)






<PAGE>

5.   Other Events.

      On August  13,  1997,  the  Company  signed a letter of intent to  acquire
A.D.S..  Advertising  Corporation  d/b/a The Smith  Agency.  The Smith Agency is
engaged in the business of electronic  advertising,  has been in business  since
1983 and is a fully  integrated  marketing  and  advertising  firm.  There is no
assurance that the acquisition will be consummated.


      Pursuant to the requirements of the Securities Act of 1934, the registrant
has duly  caused  this  report  to be signed  on its  behalf by the  undersigned
hereunto duly authorized.

                                      ALG0RHYTlIM TECHNOLOGIES CORPORATION
                                      ------------------------------------
                                                  REGISTRANT


Dated:  August 20,1997                /s/ David Bawarsky,
                                      ------------------------------------------
                                      DAVID BAWARSKY, President


















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