UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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): October 26, 2004

IPEC HOLDINGS INC.

(Exact Name of Registrant as Specified in its Charter)

Nevada
(State or Other Jurisdiction
of Incorporation)

0-30721
(Commission
File Number)

87-0621339
(IRS Employer
Identification Number)

Northgate Industrial Park, 185 Northgate Circle
New Castle, Pennsylvania
(Address of Principal Executive Office)

16105
(Zip Code)

Registrant’s telephone number, including area code: (800) 377-4732

NA

(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 (see General Instruction A.2. below):

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

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

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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition

On October 26, 2004, we issued a press release to report our financial results for the quarter ended September 30, 2004. A copy of this press release is attached to this Current Report on Form 8-K as Exhibit 99.1. The information contained in this report and the attached press release is “furnished” but not “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.

Item 9.01. Financial Statements and Exhibits

(c) Exhibits

Exhibit No.		Description
99.1		Press Release, dated October 26, 2004, of IPEC Holdings Inc.

SIGNATURE

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: October 26, 2004

IPEC HOLDINGS INC.

By: /s/ SHAWN C. FABRY
Name: Shawn C. Fabry
Title: Chief Financial Officer

EXHIBIT INDEX

Exhibit No.		Exhibit
99.1		Press Release, dated October 26, 2004, of IPEC Holdings Inc., filed herewith

IPEC HOLDINGS INC 8-K