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 reported) March 28, 2001

                          Aqua Vie Beverage Corporation
             (Exact name of registrant as specified in its chapter)

       Delaware                       000-24801                 820506425
(State or other jurisdiction)   (Commission File Number)      (IRS Employer
                                                           Identification No.)

333 South Main St. P.O. Box 6759, Ketchum, Idaho                   83340
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               (Address)                                       (zip code)

         Registrant's telephone number, including area code 208-622-7792


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          (former name or former address, if changed since last report)


ITEM 5. Other Events

         On  March  29,  2001,  Aqua Vie  Beverage  Corporation  ("AVBC"  or the
"Corporation")  entered  into an Agreement  with Lyons  Magnus,  Inc.  ("Lyons")
[Fresno,  Calif.],  a large contract bottling company,  which Agreement had been
finalized  during  the week of March  26,  2001.  Essentially,  the terms of the
Agreement  provide for financing of production and shipment of Aqua Vie product,
without  fixed limit as to quantity of product or duration of  Agreement,  based
upon receipt of purchase orders. Lyons has agreed to finance production, without
finance charges or interest,  and without any consideration in the form of stock
of the Corporation.

         Production  under this Agreement  commenced during the week of April 1,
2001 and shall continue without specified time limit.

         A copy of the March 28, 2001 news release  announcing the  finalization
of this Agreement is attached hereto as Exhibit 99.

                                   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.

                                            AQUA VIE BEVERAGE CORPORATION

Date: April 6, 2001                         By: /s/ Thomas Gillespie
                                            ------------------------------------
                                                    Thomas Gillespie
                                                    President, Director

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