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 event reported) December 28, 2004


                     ORBIT E-COMMERCE, INC.
     (Exact name of registrant as specified in its charter)

                Commission file number 001-03323


Nevada                                                 91-1978600
(State or other jurisdiction                     (I.R.S. Employer
of incorporation)                             Identification No.)


14845 Yonge Street
Aurora, Ontario, Canada                                   L4G 6H8
(Address of principal                                  (Zip Code)
executive offices)


Registrant's telephone number, including area code: (416) 850-7134

                         Not applicable
  (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))




Section 1 - Registrant's Business and Operations

Item 1.01 Entry into a Material Definitive Agreement.

     On December 28, 2004, Orbit E-Commerce, Inc. (the "Company")
entered  into  an  Asset  Acquisition Agreement  with  PureNet.TV
Canada  Inc., an Ontario corporation ("PureNet"), to acquire  all
of  PureNet's assets in connection with its Internet Protocol  TV
("IPTV")  business.   IPTV  enables a wide  range  of  television
programming,  low-cost  video-conferencing,  video-on-demand  and
other  services  all in digital broadcast quality  levels.   With
IPTV,  video  services  are  delivered directly  to  subscribers'
television  sets over DSL networks. The acquisition of  PureNet's
assets  will include all technical schematics covering a patented
IPTV    video/internet   system,   implementation   capabilities,
strategic  partnerships with major equipment  and  video  content
suppliers, software developers, product and services.

      Pursuant  to  the terms of the Agreement, the Company  will
acquire  the  assets  in  exchange for  15,000,000  newly  issued
restricted   shares   of  common  stock  which   will   represent
approximately  41%  of the Company's then outstanding  shares  of
common  stock.  Douglas C. Lloyd, the Company's President,  Chief
Executive Officer and director, is the President, a director  and
a principal shareholder of  PureNet.


Section 9 - Financial Statements and Exhibits

Item 9.01  Financial Statements and Exhibits.

List   below  the  financial  statements,  pro  forma   financial
information and exhibits, if any, filed as part of this report.

Exhibits:

      10.1  Asset Acquisition between Orbit E-Commerce, Inc.  and
PureNet.TV Canada Inc. dated as of December 28, 2004

     99.1 Press Release dated December 29, 2004



                           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.

                                ORBIT E-COMMERCE, INC.
                                (Registrant)


Dated:    December 30, 2004     By:  /s/ Douglas C. Lloyd
                                Name:    Douglas C. Lloyd
                                Title:   President   and   Chief
                                         Executive Officer