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): February 6, 2006


                         ELINE ENTERTAINMENT GROUP, INC.
                         -------------------------------
             (Exact Name of Registrant as Specified in Its Charter)


                                     Nevada
                                     ------
                 (State or Other Jurisdiction of Incorporation)


             000-30451                              88-0429856
             ---------                              ----------
     (Commission File Number)          (IRS Employer Identification Number)


         8905 Kingston Pike, Suite 313, Knoxville, TN          37923
         --------------------------------------------          -----
           (Address of Principal Executive Offices)          (Zip Code)


                                 (215) 895-9859
                                 --------------
              (Registrant's Telephone Number, Including Area Code)


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 133-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))



ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.

On February 6, 2006, Eline Entertainment Group, Inc. entered into an agreement
to divest its 51% holding in Industrial Fabrication & Repair, Inc. (IFR). Under
an agreement with Lester Gann, IFR's minority stockholder, Eline will return to
Mr. Gann the 51% stake in the issued and outstanding capital stock of IFR
acquired in May 2003, and will receive in return shares of Industrial Holding
Group, Inc. stock issued to Mr. Gann. As a result, Eline will have no further
equity interest in IFR. The transaction is expected to close in March 2006.

As a result of the planned disposition of IFR, we will report IFR as a
discontinued operation.


ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

On February 13, 2006 registrant issued a press release entitled "Eline
Entertainment to Divest Its 51% Holding In Industrial Fabrication & Repair", a
copy of which is filed herewith as Exhibit 99.1.




                                    SIGNATURE

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.

Dated: March 9, 2006                    Eline Entertainment Group, Inc.

                                        By: /s/ Barry A. Rothman
                                            --------------------
                                            Barry A. Rothman
                                            President

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