a 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): January 30, 2007 Proguard Acquisition Corp. (Exact name of registrant as specified in its charter) FLORIDA 333-123910 33-1093761 (State or other (Commission File (I.R.S. Employer jurisdiction of Number) Identification No.) incorporation or organization 3040 E. Commercial Blvd Ft. Lauderdale, FL 33308 (Address of principal executive offices) (Zip Code) Registrant's Telephone number, including area code: (954) 491-0704 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)) 2 Item 8.01 Other Events On January 30, 2007, pursuant to the terms of the option dated July 5, 2006, as amended on October 25, 2006, granted to Worldwide Security Acquisitions, LLC by holders of common stock of the Registrant, the option term expired and the nonrefundable deposit was released from escrow to the Registrant and the escrow was closed. The corresponding option transaction agreements were reported by the Registrant in its Current Reports on Form 8-K dated July 5, 2006 and October 25, 2006, and the transaction documents were filed as exhibits to those Current Reports. 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. Proguard Acquisition Corp. Date: January 30, 2007 By: /s/Frank R. Bauer ----------------------- Frank R. Bauer Chief Executive Officer