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):
                      November 8, 2006 (November 7, 2006 )



                                 BTHC III, INC.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)

        Delaware                      000-51891                  20-4494098
- --------------------------------------------------------------------------------
(State of Incorporation)        (Commission File No.)      (IRS Employer ID No.)

                               12890 Hilltop Road
                               Argyle, Texas 76226
                               -------------------
                    (Address of Principal Executive Offices)

                                 (972) 233-00300
                                 ---------------
              (Registrant's Telephone Number, Including Area Code)

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 1.01 Entry into a Material Definitive Agreement.

         On November 7, 2006,  BTHC III,  Inc. (the  "Company")  entered into an
Assignment Agreement (the "Assignment Agreement") with Bronze Marketing, Inc., a
Nevada corporation (the "Assignee"), Sutor Steel Technology Co., Ltd., a British
Virgin  Islands  corporation  ("Sutor"),  and the  stockholders  of  Sutor  (the
"Stockholders")  pursuant  to which the Company has agreed to assign to Assignee
all the rights,  obligations  and duties of the Company under that certain Share
Exchange Agreement ("Share Exchange Agreement"), dated September 7, 2006, by and
among the Company,  Sutor and the  Stockholders,  as if the Assignee had entered
into the Share Exchange Agreement directly with Sutor and the Stockholders.

         Timothy P.  Halter,  the  Company's  sole officer and  director,  is an
officer and director of the Assignee.  Mr. Halter also  beneficially  controls a
majority of the Assignee's outstanding common capital stock.

Item 9.01. Financial Statements and Exhibits.

         (d)      Exhibits.

10.1     Assignment  Agreement,  dated  November  7,  2006,  among the  Company,
         Assignee, Sutor and the Stockholders.


                                    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.


                                 BTHC III, INC.


                                 By: /s/ Timothy P. Halter
                                    --------------------------------------------
                                    Name: Timothy P. Halter
                                    Title: President and Chief Executive Officer
Dated: November 8, 2006



                                  EXHIBIT INDEX



Exhibit No.       Description of Exhibit
- -----------       ----------------------

10.1              Assignment  Agreement,  dated  November  7,  2006,  among  the
                  Company, Assignee, Sutor and the Stockholders.



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