FORM 8-K


                       Securities and Exchange Commission

                             Washington, D.C. 20549


                                 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 2, 2001

                              HOT PRODUCTS, INC.COM
             (Exact name of registrant as specified in its charter)

         Arizona                            0-27382                   86-0737579

(State or other                       (Commission File             (IRS Employer
 Jurisdiction of                          Number)                 Identification
 Incorporation                                                           Number)


          7625 E. Redfield Road, Suite 200, Scottsdale, Arizona 85260

               (Address of Principal Executive Offices) (Zip Code)

       Registrant's Telephone Number, including area code: (480) 368-9490










Special Note Regarding Forward-Looking Statements

Some of the statements in this report may discuss future  expectations,  contain
projections  of results of operation or financial  condition,  or include  other
"forward-looking" information. Those statements are based on our assumptions and
are subject to known and unknown  risks,  uncertainties  and other  factors that
could  cause  the  actual  results  to differ  materially  from the  results  we
currently  contemplate.  Important  factors that could cause  actual  results to
differ  from  expectations  include,  for  example,  our  failure to resolve the
dispute with International Global Positioning,  Inc., described below, and other
factors set forth under the heading "Special Conditions"  beginning on page 7 of
our Annual Report on Form 10-KSB for the fiscal year ended April 30, 2001.  Item
2.  Acquisition  or  Disposition of Assets In a prior Current Report on Form 8-K
filed October 15, 2001,  Hot Products,  Inc.com  ("HPIC")  announced that it had
entered into a  Preliminary  Agreement  for a merger with  International  Global
Positioning,  Inc.  ("IGP").  On November 2, 2001,  IGP abruptly  terminated its
merger negotiations prior to the execution of the definitive  Agreement and Plan
of Merger. HPIC believes that IGP and its principals  wrongfully  terminated the
Preliminary Agreement,  and violated the doctrine of good faith and fair dealing
practices.  HPIC is  evaluating  its  options  to  ensure  that  HPIC  is  fully
compensated  for any damages it may have  suffered.  HPIC is currently  pursuing
other merger opportunities and strategic  partnership  alliances as it continues
its day-to-day operations.


                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the  registrant  has duly  caused  this report to be signed on its behalf by the
undersigned thereunto duly authorized.

November 7, 2001
                                          Hot Products, Inc.com


                                          By       /s/ James L. Copland
                                          James L. Copland
                                          President and Chief Executive Officer