UNITED STATES

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): ~~January~~ 2,October ~~2008 (December 26~~28, ~~2007)~~2008

ASIAMART, INC.

(Exact name of registrant as specified in its charter)

Delaware		000-30292		88-0405437
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employee Identification No.)

Room 1508 Peninsula Square

18 Sung On Street

Hunghom, Kowloon, Hong Kong

(Address of principal executive offices, including zip code)

Registrant's telephone number, including area code: (852) 3580-~~8805~~8808

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 (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b))

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 41.01 ~~Change~~Entry ininto ~~Registrant’s~~a ~~Certifying~~Material ~~Accountant~~Definitive Agreement

On October 28, 2008, three of the subsidiaries of Asiamart, Inc. (the “Company”) entered into a series of Management Service Agreements (the “Agreements”) ~~Dismissal~~with Best Paramount Industrial Limited (“Best Paramount”) whereby they will act as a service provider to Best Paramount. The Company shall provide technical, commercial and operational management for Best Paramount. Under the terms of the Agreements, ~~Registrant~~the scope of services provided by the Company includes, but is not limited to, accounting, human resources, administrative, marketing and sales consultancy, retail operation and inventory management. The Company shall be in charge of running Best Paramount’s ~~Certifying~~premises ~~Accountant~~and will provide its employees to staff Best Paramount’s operation. Best Paramount shall be responsible for paying its own rent, cost of sales, commissions to travel agents and taxes. The Company shall be responsible for paying all other expenses of the operation, including, but not limited to, advertising, utilities, insurance, salaries, transportation, cleaning and administrative (“Actual Costs”) on the behalf of Best Paramount. Best Paramount shall reimburse the Company for the Actual Costs, and in addition pay Company a 5% mark-up of such Actual Costs as consideration for the Company’s services. Under the terms of the Agreements, the Company shall also have the discretion to charge Best Paramount a discretionary fee, to be negotiated in detail in three to six months pursuant to actual performance of the operation. The Agreements may be terminated by mutual agreement, by either party giving the other written notice in the event of material breach, or by giving a 60-day prior written notice without cause.

~~Effective~~Item ~~December 26, 2007, Moore Stephens Wurth Frazer and Torbet, LLP (“MSWFT”) resigned as the Company’s certifying independent accountant engaged to audit its financial statements~~8. ~~MSWFT was engaged as auditors to the Company for the~~01 Other ~~year ended December 31, 2006.~~Events

~~MSWFT’s~~The ~~report~~Company onplans to change its business model from being an outlet and discount shopping center operator to a retail service provider. The Company foresees a significant slowdown in retail sales, anticipates a reduction in tourist visits from mainland China to Hong Kong, and a reduction in spending per tourist, partly as a result of adverse changes in travel policy and the domestic economic environment in China. During the third quarter of 2008, the revenue of the Company’s ~~financial~~significantly ~~statements~~decreased ~~for~~due to these trends. In addition in the ~~past~~period leading ~~year~~up ~~ended~~to ~~December~~and during the Beijing 2008 Olympic Games, the Chinese government 31restricted outbound travel visas, ~~2006~~and ~~did~~this policy has not ~~contain~~been ~~any~~reversed following ~~adverse~~the ~~opinions~~Olympics. orFurther, ~~disclaimers~~management believes that the current ongoing global financial crisis is discouraging tourist visits to Hong Kong. In the present economic climate, management believes that the Company is not likely to be able to sustain profitability with operation of ~~opinion~~its retail outlets in their current form, and believes that changing its business model will be in its ~~were~~best interest. ~~not~~Management ~~qualified~~believes orthe ~~modified~~Company asfaces fierce competition from other local retailers seeking to ~~uncertainty~~make sales to a dwindling group of tourists, ~~audit~~which is causing ~~scope~~a trend toward lower profits. The Company is considering the closure of its two outlets in the next few months and shifting its focus to provide management services to other retail operators. Best Paramount is reputed to be an experienced retail operator that sells a wide variety of appealing items that attract tourists, orincluding, ~~accounting~~but not limited ~~principles~~to, cosmetics, electronics, jewelry and branded watches, and it also has the advantage of securing an excellent location in the coveted Emax within Hong Kong International Trade and Exhibition Center, an attractive location with heavy foot traffic from visiting tourists. The Company believes its new direction will position the Company to produce a more stable stream of income and achieve profitability for the Company and its shareholders.

~~Prior~~Item to9.01 Financial ~~their~~Statement ~~resignation,~~and there were no disagreements with MSWFT on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements if not resolved to the satisfaction of MSWFT would have caused them to make reference to this subject matter of the disagreements in connection with their report, nor were there any “reportable events” as such term is described in Item 304(a)(1)(iv) of Regulation S-BExhibits.

The Company provided MSWFT with a copy of this Current Report on Form 8-K on December 28, 2007 and requested MSWFT to furnish the Company with a copy of a letter addressed to the SEC stating whether they agree with the statements made above by the Company regarding MSWFT. The Company has requested MSWFT to provide the letter so that it can be filed with the SEC within ten business days after the filing of this Form 8-K. Notwithstanding the ten business day period, the letter shall be filed within two business days of receipt.

Exhibit Number		Description

10.1		Management Service Agreement dated October 28, 2008 by and between Allied Fine Development Limited and Best Paramount Industrial Limited.

10.2		Management Service Agreement dated October 28, 2008 by and between Manigood International Industrial Limited and Best Paramount Industrial Limited.

10.3		Management Service Agreement dated October 28, 2008 by and between Profits Dreams Development Limited and Best Paramount Industrial Limited.

(b) Appointment of Registrant’s New Certifying Accountant

Effective December 26, 2007, Cordovano and Honeck LLP (“C&H”), whose address is 88 Inverness Circle East Building M-103, Englewood, CO 80112, was engaged to serve as the Company’s new certifying accountant to audit the Company’s financial statements.

Prior to engaging C&H, the Company had not consulted C&H regarding the application of accounting principles to a specified transaction, completed or proposed, the type of audit opinion that might be rendered on the Company’s financial statements or a reportable event, nor did the Company consult with C&H regarding any disagreements with its prior auditor on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of the prior auditor, would have caused it to make reference to the subject matter of the disagreements in connection with its reports.

The engagement of C&H as the Company’s new certifying independent accountant was approved by the Company’s Board of Directors.

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.

Date: January 2, 2008	ASIAMART, INC. (Registrant)
Date: October 31, 2008	ASIAMART, INC. (Registrant)
	By:	/s/ Kwan Pui Wong
		Kwan Pui Wong Chief Financial Officer
		Kwan Pui Wong
		Chief Financial Officer

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