UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 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 8, 2004

                                   QT 5, INC.
               (Exact name of Registrant as specified in charter)


          Delaware                    000-25022                 72-7148906
(State or other jurisdiction  (Commission File Number)        (IRS Employer
      of incorporation)                                   Identification Number)

                       5655 Lindero Canyon Road, Suite 120
                       Westlake Village, California 91362
                    (Address of principal executive offices)


Registrant's telephone number, including area code:  (818) 338-1500





ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE.

         As a result of a decision  made on  January 8, 2004 by the  arbitration
panel in the JAMS  proceeding  titled IN THE MATTER OF QT 5, INC.  VS.  MARSHALL
THOMPSON AND PLATINUM  PRODUCTS,  QT 5, Inc. (the  "Company")  will  immediately
cease marketing NICOWater(TM).

        On April 7, 2002, Mr.  Marshall Anlauf  Thompson,  owner of U.S. Patent
No. 6,268,386 relating to the formulation of nicotine  water-based products (the
"NICO  Patent"),  entered into an agreement with the Company whereby he assigned
the rights to the NICO Patent to the Company.  In May 2003, Mr. Thompson alleged
that he was entitled to terminate  the  assignment of the NICO Patent based upon
the  Company's  failure to meet certain  conditions  required by the  assignment
agreement,  including performance conditions.  The JAMS panel concluded that Mr.
Thompson was entitled to terminate the assignment agreement.

ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS

        99 Press Release


                                   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.

QT 5, INC.

By: /s/Steven H. Reder
    -------------------------------
      Steven H. Reder, President
Dated:  January 9, 2004