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 Earliest Event Reported: October 24, 2006

                         ENVIRONMENTAL SAFEGUARDS, INC.
             (Exact name of registrant as specified in its charter)

             Nevada                      000-21953              87-0429198
(State or other jurisdiction of         (Commission           (IRS Employer
 incorporation or organization)         File Number)        Identification No.)


                        5300 North Braeswood, Suite 4-393
                              Houston, Texas 77096
                              --------------------
          (Address of principal executive offices, including zip code)

                                  (713)728-8687
                                  -------------
              (Registrant's telephone number, including area code)


                        2600 South Loop West, Suite 645
                              Houston, Texas 77054
                              --------------------
                  Former Address of principal executive offices



ITEM 8.01  OTHER EVENTS

     On  October  24,  2006,  we  were  notified by the Nasdaq Stock Market (the
"Nasdaq")  that  the  Nasdaq  has  now  reversed the corporate actions that were
incorrectly  reported  to  Nasdaq  and effected by Nasdaq on August 15, 2006. As
previously  reported  in  our  Form  8-K  on  August  23,  2006, an unauthorized
individual  filed  false documents with the Nevada Secretary of State purporting
to  change  the name of the company, change the name and address of our officers
and  directors,  increase  the  number of shares of authorized common stock, and
effect  a reverse stock split. This unknown and unauthorized person subsequently
filed these documents with the Nasdaq Stock Market to accomplish an unauthorized
change in our stock symbol. The Nasdaq has now posted a notice on its website to
reverse  the  unauthorized  corporate  actions.  Our  stock  symbol, "ELSF", and
previous  CUSIP  number  have  been  restored.  The  effects  of  the  purported
1-for-1000  reverse  stock  split have been reversed and our name, Environmental
Safeguards,  Inc.,  has  been  fully  restored  on  the  Nasdaq  Stock  Market.

     A  copy  of  the press release related to this matter is attached hereto as
Exhibit  99.1.

ITEM 9.01  FINANCIAL STATEMENTS AND EXHIBITS.

     (d)  Exhibits.

          99.1     Press Release dated October 27, 2006


                                   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.


                                        ENVIRONMENTAL SAFEGUARDS, INC.


                                        /s/ James S. Percell
                                        ----------------------------------------
Date:  October 26, 2006                 By: James S. Percell, President