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): June 27, 2002

                                    NQL INC.
             (Exact Name of Registrant as Specified in its Charter)

                                    Delaware
                         (State or Other Jurisdiction of
                         Incorporation or Organization)

           0-10558                                    33-0887356
  (Commission File Number)                (I.R.S. Employer Identification No.)

                 900 Huyler Street, Teterboro, New Jersey 07608
               (Address of Principal Executive Offices) (Zip Code)

                                 (800) 477-8586
                         (Registrant's telephone number,
                              including area code)



Item 5. Other Events.

      As of May 31, 2002, the registrant, and its wholly-owned subsidiary, Delta
Computec Inc. ("DCI"), entered into an Asset Purchase Agreement with a publicly
traded developer of video products and services (the "Agreement"). Under the
terms of the Agreement, the acquirer will purchase substantially all of DCI's
operating assets, property, contracts and customer lists, and will assume the
obligation to pay certain of DCI's liabilities, including liabilities of DCI to
the organization which provides financing to DCI. The registrant is a guarantor
of that financing arrangement. If the transaction closes, both DCI and the
registrant will be relased from liability with regard to that financing
arrangement. In addition to the assumption of the stated DCI liabilities, the
acquirer will also pay a purchase price consisting of a combination of cash and
the issuance to DCI of a class of the acquirer's redeemable and convertible
preferred stock. The transaction is subject to compliance with the Agreement's
terms and conditions, including approval of the Bankruptcy Court in the
registrant's bankruptcy case. A motion to approve the transaction has been made
in the registrant's bankruptcy proceeding, and, at a hearing held on June 27,
2002, the motion was scheduled to be heard by the Bankruptcy Court in the
registrant's bankruptcy case on August 7, 2002.



                                    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.

                                       NQL INC.


Date: July 3, 2002                     By: /s/ Matthew C. Harrison, Jr.
                                          --------------------------------------
                                           Matthew C. Harrison, Jr.
                                           Chairman of the Board of Directors