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)

                                 MARCH 10, 2005


                               SEALIFE CORPORATION
             (Exact name of registrant as specified in its charter)

          DELAWARE                    0-13895                  34-1444240
(State or other jurisdiction        (Commission              (IRS Employer
        of incorporation)           File Number)            Identification No.)


       5601 W. SLAUSON AVE., CULVER CITY, CALIFORNIA             90293
         (Address of principal executive offices)             (Zip Code)


       Registrant's telephone number, including area code: (310) 338-9757

         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  13e-4(c))
                  under the Exchange Act (17 CFR 240.13e-4c))





ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

         On March 10, 2005, Sealife Marine Products,  Inc. ("SeaLife Marine"), a
California corporation and subsidiary of the Registrant,  SeaLife Corporation, a
Delaware corporation,  entered into a distribution  agreement (the "Distribution
Agreement") with Current,  Inc.  ("Current"),  pursuant to which Current will be
the distributor of, and will promote the sale and use of, products  manufactured
by  SeaLife  Marine  to  distributors  of  boats,  barges  and  marine  vessels,
shipyards,   boatyards  and  marine  dealers.  Current  will  be  the  exclusive
distributor of SeaLife Marine's products for a term of two years in various U.S.
states.

         A copy of the  Registrant's  press  release  issued on March 16,  2005,
announcing SeaLife Marine's entry into the Distribution  Agreement,  is attached
to this Current  Report on Form 8-K as Exhibit 99.1 and  incorporated  herein by
reference.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

         (c)      Exhibits.

                  99.1     Press Release  issued by the  Registrant on March 16,
                           2005.


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                                  EXHIBIT INDEX

EXHIBIT
NUMBER         DESCRIPTION
- -------        -----------

99.1           Press Release issued by the Registrant on March 16, 2005.


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                                   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.


March 16, 2005               SEALIFE CORPORATION


                              /S/ ROBERT A. MCCASLIN
                             ---------------------------------------------------
                             Robert A. McCaslin, Chief Executive Officer and
                             Chief Financial Officer


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