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): May 1, 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 As previously reported on Form 8-K dated February 9, 2007, Proguard Acquisition accepted an offer by Worldwide Security Acquisitions, LLC to purchase approximately 2,000,000 common shares of Proguard Acquisition. WSA has been unable to successfully complete the terms of its purchase offer and Proguard Acquisition has formally terminated any further business dealings with WSA. 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: May 3, 2007 By: /s/Frank R. Bauer ----------------------- Frank R. Bauer Chief Executive Officer