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 Event Requiring Report: March 1, 2002




                                   ASGA, INC.
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             (Exact Name of Registrant as Specified on its Charter)


             000-32611                                  88-0451101
    -----------------------------              ---------------------------
      (Commission File Number)             (IRS Employer Identification Number)


                                     NEVADA
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         (State or Other Jurisdiction of Incorporation or Organization)




                           660 South Hughes Boulevard
                            Elizabeth City, NC 27909
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                    (Address of Principal Executive Offices)




                                 (252) 331-0351
              (Registrant's Telephone Number, Including Area Code)





ITEM 5. Other Events

On March 4,  2002,  the  Company's  Board of  Directors,  by  unanimous  written
consent, adopted a resolution to effect a two hundred to one reverse stock split
of the Company's  outstanding  stock.  The reverse stock split will be effective
for  shareholders  of record on March 16,  2002.  The Company will not issue any
fractional  shares but will round up to the  nearest  whole  share all shares of
stock that would result in a fractional  share as a result of the reverse  stock
split.

The company will  continue to be listed on the Over the Counter  Bulletin  Board
market and will carry the stock symbol ASGA

ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS

(A)  Financial Statements of Business Acquired.

     Not applicable.

(B)  Pro Forma Financial Information.

     Not applicable.

(C)  Exhibits.

     Not applicable.


                                   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.

Dated: March 6, 2002.


                                        ASGA, Inc.



                                        By:  /s/ Tom Kidd
                                           ------------------------------------
                                           Tom Kidd, President