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): March 418, ~~2009~~2010

COMMISSION FILE NO.: 333-144677

COIL TUBING TECHNOLOGY HOLDINGS, INC.

(Exact Name of Registrant As Specified In Its Charter)

NEVADA	76-0625217
(State Or Other Jurisdiction Of Incorporation)	(IRS Employer Identification No.)

19511 WIED RD. SUITE E, SPRING, TEXAS 77388

(Address of Principal Executive Offices)

281-651-0200

(Issuer Telephone Number)

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))

ITEM 58.0201 ~~DEPARTURE~~OTHER ~~OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS~~EVENTS.

On March 418, ~~2009~~2010, Coil Tubing Technology Holdings, Inc. (the “Company”) ~~appointed~~filed ~~John~~a Motion ~~Akard~~for Fairness Hearing to Issue Securities Pursuant to Section 3(a)(10) of the Securities Act of 1933, Jras Amended (the “Motion”) in connection with its ongoing lawsuit filed on July 30, 2008, in which the Company, Coil Tubing Technology, Inc. as(which currently owns a majority of the Company’s ~~Secretary~~outstanding shares (“Coil Tubing”)) and our former Chief Executive Officer, current Executive Vice President and current sole Director, Jerry Swinford ("Plaintiffs"), filed suit against Grifco International, Inc. (“Grifco”), Depository Trust & Clearing Corporation ("DTCC"), Depository Trust Corporation ("DTC") and the president of Grifco, James Dial (the "Defendants"). MrThe case is pending as Cause No. ~~Akard~~08-07-07397-CV in the Montgomery County, Texas, District Court, 9th Judicial District (the “Court”). The suit stems from Grifco's distribution of its 75,000,000 shares of Coil Tubing in August 2007 ("Grifco Distribution", as previously disclosed under “Legal Proceedings” in the Company’s ~~biography~~Report on Form ~~is provided~~10-Q ~~below:~~for the period ended March 31, 2009, as filed with the Securities and Exchange Commission (the “Commission”) on June 18, 2009).

~~John~~The ~~Akard,~~Motion ~~Jr.~~requested –that ~~Age~~the 43Court hold a fairness hearing and issue an order approving the issuance of additional shares of Coil Tubing’s common stock (the “Shares”) without restrictive legend pursuant to an exemption from registration provided by Section 3(a)(10) of the Securities Act of 1933, as amended (the “Act”).

~~Mr.~~The Shares ~~Akard~~represent shares of common stock sufficient to (a) satisfy the claims of ~~has~~DTCC/DTC ~~served~~participants aswho ~~counsel~~did ~~and~~not ~~provided~~receive ~~advisory~~a ~~services~~sufficient tonumber of shares of Coil Tubing in connection with the ~~Company~~Grifco ~~and~~Distribution; ~~its~~(b) satisfy the claims ~~predecessors~~of ~~since~~Grifco shareholders ~~approximately~~holding ~~1996. Mr.~~their ~~Akard~~shares ~~has~~in record ~~served~~form on as the ~~President~~record date of ~~John~~the ~~Akard,~~Grifco ~~Jr.,~~Distribution; ~~PC,~~(c) ~~which~~satisfy ~~serves~~the claims asof OfCoil ~~Counsel~~Tubing toshareholders holding their shares with DTCC/DTC participants on the ~~law~~record ~~firm~~date of ~~Mason,~~the ~~Coplen~~Grifco &Distribution; ~~Banks,~~(d) ~~PC,~~satisfy ~~since January~~the ~~1999. Additionally,~~claims ~~since~~of ~~2000,~~Coil ~~Mr.~~Tubing ~~Akard~~shareholders ~~has~~holding ~~served~~their asshares anin record form on the ~~Independent~~record ~~Trustee~~date of ~~Commonwealth~~the ~~International~~Grifco ~~Series~~Distribution; ~~Trust~~and (~~CIST~~e) ~~Mutual Funds,~~satisfy athe ~~registered~~claims ~~Investment~~of ~~Company~~certain shareholders ~~under~~of ~~the~~Coil ~~Securities~~Tubing ~~Act~~who purchased shares of ~~1940,~~Coil asTubing’s common stock ~~amended~~subsequent to the Grifco Distribution.

~~From~~The ~~September~~Motion ~~1996~~requests ~~to December 1998, Mr. Akard served as an attorney and partner of~~ the ~~law~~Court ~~firm~~hold ~~Akard~~a &hearing ~~Griffin,~~open ~~Attorneys~~to ateveryone ~~Law. From September 1994~~ to ~~August~~whom ~~1996,~~securities would ~~Mr.~~be ~~Akard~~issued ~~served~~in asthe aproposed ~~Briefing~~exchange ~~Attorney~~before toapproving ~~Justice Norman Lee at~~ the ~~Court~~fairness of ~~Appeals for~~ the ~~14th~~ ~~District~~terms ofand ~~Texas. From~~conditions ~~August 1999 to October 1999, Mr. Akard served as Vice President~~ of ~~Operations~~the ~~and~~transaction ~~General~~(the ~~Counsel to TLC Office Systems~~“Hearing”). ~~From August 1988 to August 1991, Mr. Akard was employed by Arthur Andersen & Co. as a Senior Auditor.~~

~~Mr. Akard~~The ~~received~~Hearing ~~his~~is ~~BBA~~scheduled infor ~~Accounting~~May ~~from~~21, ~~Texas~~2010 ~~A&M~~at ~~University~~9:30 ina.m. ~~1988~~at ~~and~~the ~~his~~Montgomery County ~~Juris~~Courthouse ~~Doctorate~~at ~~from~~301 ~~the~~North ~~Texas~~Main, ~~Tech~~Suite ~~School~~110, ofConroe, ~~Law~~Texas ~~in 1994~~77301. ~~Mr. Akard~~Notice isof athe ~~licensed~~Hearing ~~attorney~~and ~~with~~ the ~~Texas~~Motion ~~State~~is ~~Bar~~also ~~and~~being asent ~~certified~~to ~~public~~each shareholder of Coil ~~accountant~~Tubing ~~registered~~and ~~with~~Grifco shareholders as of the ~~State~~record date of ~~Texas~~the Grifco Distribution. All interested parties are invited to attend the Hearing.

~~Mr.~~Following the ~~Akard~~Hearing and assuming the issuance of the Shares is approved by the Court (of which there can be no assurance), Coil Tubing is acurrently ~~member~~contemplating terminating its previously announced distribution of 20,000,000 shares of the Company’s ~~Houston~~common ~~Bar~~stock ~~Association,~~to ~~and~~the ashareholders ~~member~~of Coil Tubing as of February 13, 2009, the ~~Houston~~previously ~~Bar~~established record date for the distribution as set forth ~~Association~~in the Company’s ~~Bankruptcy,~~Registration ~~Estate~~Statement ~~and~~on ~~Probate~~Form ~~practice~~S-1 ~~sections;~~which awas ~~Member~~declared ofeffective by the Commission on February 17, 2009. Assuming Coil Tubing takes ~~State~~steps ~~Bar~~to terminate the previously announced distribution of ~~Texas~~the Company’s ~~Bankruptcy~~common stock, ~~Real~~the ~~Estate,~~Company ~~Probates~~will ~~and~~likely ~~Trusts~~file ~~sections;~~a Form 15 with the Commission and terminate its reporting requirements under the ~~American~~Act ~~Association~~and ofthe ~~Attorney-Certified~~Securities ~~Public~~Exchange ~~Accountants~~Act of 1934, as amended (the “~~Attorney-CPA~~Exchange Act”), asthe ~~well~~result asof ~~serving~~which aswill ~~Vice~~be ~~President~~that the Company will cease being a reporting company and the shareholders of Coil Tubing will not receive any shares of the ~~Attorney-CPA~~Company in the form of a distribution. Coil Tubing is also currently contemplating filing a Form 10 Registration Statement with the Commission pursuant to which Coil Tubing will become a reporting company and be subject to Exchange Act reporting requirements, ~~among~~with the ultimate goal of listing its common stock on the ~~other~~Over-The-Counter ~~memberships~~Bulletin Board.

The Company’s current litigation counsel is Mason, Coplen & Banks, PC, which Mr. Akard, through his law firm, John Akard, Jr., PC, serves as Of Counsel to. Additionally, it is anticipated that Mr. Akard will provide and will continue to provide legal and accounting services to the Company pursuant to a fee agreement between the Company and Mr. Akard.-2-

SIGNATURES

Pursuant to the requirement of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

COIL TUBING TECHNOLOGY HOLDINGS, INC. /s/ Jerry Swinford Jerry Swinford, Executive Vice President March 1025, ~~2009~~2010

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