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) ~~July~~March 1316, ~~2006~~2007 ~~(July 10, 2006)~~

Coach Industries Group, Inc.

(Exact name of registrant as specified in its charter)

Nevada

000-19471

91-1942841

(State or other jurisdiction

of incorporation)

(Commission File Number)

(IRS Employer

Identification No.)


12330 SW 53rd Street, Suite 703 Cooper City, Florida		33330
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (954) 602-1400

(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):

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

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

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

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

This Current Report on Form 8-K and other reports filed by the Registrant from time to time with the Securities and Exchange Commission (collectively the “Filings”) contain forward looking statements and information that are based upon beliefs of, and information currently available to, the Registrant’s management as well as estimates and assumptions made by the Registrant’s managementItem 1.01 ~~When~~Entry ~~used~~into ina ~~the~~Material ~~Filings~~Definitive ~~the~~Agreement words “anticipate”, “believe”, “estimate”, “expect”, “future”, “intend”, “plan” or the negative of these terms and similar expressions as they relate to the Registrant or the Registrant’s management identify forward looking statements. Such statements reflect the current view of the Registrant with respect to future events and are subject to risks, uncertainties, assumptions and other factors relating to the Registrant’s industry, operations and results of operations and any businesses that may be acquired by the Registrant. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned.

~~Section~~On March 516, –2007, ~~Corporate~~the ~~Governance~~Registrant’s wholly-owned subsidiary, Springfield Coach Industries Group, Inc. (the “Company”) and ~~Management~~Coach Financial Services, Inc. (“CFS” and together with the Company, collectively the “Seller”) entered into an Asset Purchase Agreement (the “Agreement”) with Imperial Systems, Inc. (the “Purchaser”) pursuant to which the Purchaser agreed to acquire the assets (the "Acquisition") of the Company and CFS, including the assumption of the certain of the Company’s obligations and liabilities with respect to leases of real and personal property used in the Company’s operation of the businesses in the states of Florida and Missouri. The completion of the Acquisition is subject to customary closing conditions. The Board of Directors of each of the Company and the Purchaser approved the Acquisition and the Agreement.

~~Item 5.02~~The ~~Departure~~purchase ofprice ~~Directors~~for orthe ~~Principal~~acquisition is $2,500,000, payable by a credit against the amount outstanding to Laurus Master Funds, LLC ~~Officers;~~(“Laurus”), ~~Election~~holder of ~~Directors;~~a ~~Appointment~~term note guaranteed by the Registrant with an outstanding principal balance of ~~Principal~~$6,837,209.30. ~~Officers~~Such amount was applied as a reduction to the principal, thereby leaving a principal balance of $4,337,209 owed by the Registrant to Laurus.

~~(b)~~Under ~~On July 10, 2006,~~ the ~~Board~~terms of ~~Directors~~the ~~received~~Agreement, ~~notice of~~the ~~Ms. Pamela H.~~Purchaser ~~Jarratt’s~~will ~~resignation~~assume ascertain aliabilities ~~member~~ of the ~~Board~~Seller ~~of Directors~~ and ~~Chairperson~~the ~~for~~Purchaser ~~the~~has ~~Audit~~agreed ~~Committee.~~to release ~~There~~the ~~were~~Registrant noand ~~disagreement~~Seller ~~between~~of ~~Ms. Jarratt~~all ~~and~~obligations ~~the~~with ~~Registrant.~~respect ~~Ms. Jarratt~~to iscertain ~~resigning~~liabilities ~~for~~owed ~~family medical~~by ~~reasons~~certain third-parties.

A copy of the press release relating to the matters discussed above is filed as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits.

Exhibit 2.1 Asset Purchase Agreement, dated March 16, 2007.

Exhibit 99.1 Press Release

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.

	COACH INDUSTRIES GROUP, INC.
			COACH INDUSTRIES GROUP, INC. (Registrant)
	(Registrant)
Date March 21, 2007			By:	/s/ Robert L. Lefebvre
Date July 14, 2006
			Name: Title:	Robert L. Lefebvre Chief Executive Officer
	By:	/S/ Susan Weisman
	Name:	Susan Weisman
	Title:	Chief Financial Officer

Exhibit Index


Exhibit Number		Description

Exhibit 2.1		Asset Purchase Agreement, dated March 16, 2007.

Exhibit 99.1		Press Release

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