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): July 18, 2003

                             tds (Telemedicine) Inc.
             (Exact name of registrant as specified in its charter)

New York                          000-33513                       11-3579554
(State or other                   (Commission                     (IRS Employer
jurisdiction of                   File Number)                    Identification
incorporation)                                                    Number)

One Riverfront Plaza, Newark, NJ                                  07102
(Address of principal executive offices)                          (Zip Code)

       Registrant's telephone number, including area code: (973) 643-7000



      ITEM 9. Regulation FD Disclosure

      Tds (Telemedicine) Inc, hereby incorporates by reference the contents of
its press release regarding projected revenues and pre-tax profits for 2003,
2004 and 2005, dated July 18, 2003 furnished herewith as Exhibit 99.1

      (c)   Exhibits

            99.1  Company Press Release dated July 18, 2003

                                   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.

                                        tds (Telemedicine), Inc.


                                        By: /s/ Roger Albert Coomber
                                            ------------------------------------
                                        Name:  Roger Albert Coomber
                                        Title: Chief Executive Officer

Dated: July 18, 2003