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):             December 19, 2001
                                                              -----------------

                           Entheos Technologies, Inc.
                           --------------------------
             (Exact name of registrant as specified in its charter)



Nevada                                0-30456                   98-0170247
- ------                                -------                   ----------
(State or other jurisdiction   (Commission File Number)       (IRS Employer
of incorporation)                                         Identification Number)

15 Wertheim Court, Suite 311, Richmond Hill, Ontario                L4B 3H7
- ----------------------------------------------------                -------
(Address of principal executive offices)                           (Zip Code)

Registrant's telephone number, including area code:   (604) 659-5005
                                                      --------------


ITEM 1. Changes in Control of Registrant.

None.

ITEM 2.  Acquisition or Disposition of Assets.

None.

ITEM 3. Bankruptcy or Receivership.

None.

ITEM 4.  Changes in Registrant's Certifying Accountant.

None.



ITEM 5.  Other Events.

     On December  19,  2001,  the Board of  Directors  of the  Company  passed a
resolution  canceling stock options for Kesar S. Dhaliwal,  Harmel S. Rayat, and
Herdev S.  Rayat.  Kesar S.  Dhaliwal  had a 1998 stock  option plan for 192,000
shares.  Harmel S. Rayat had a 1997 stock option plan for 24,000 shares.  Herdev
S. Rayat had a 1997 stock option plan for 17,600 shares. The board resolution is
attached to this Form 8K as an exhibit.

ITEM 6.  Resignations of Registrant's Director's

None.

ITEM 7.  Financial Statements and Exhibits.

None

ITEM 8.  Change in Fiscal Year.

None.

                                   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.

                                                      ENTHEOS TECHNOLOGIES, INC.


                                                       By: /s/ Kesar S. Dhaliwal
                                                       -------------------------
                                                    Kesar S. Dhaliwal, President


Date: February 27, 2002