8-K

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: August 4, 2006

WILSHIRE ENTERPRISES, INC.

(Exact name of Registrant as specified in its charter)

Delaware	1-4673	84-0513668
(State or incorporation or organization)	(Commission File Number)	(I.R.S. Employer Identification No.)

1 Gateway Center, Newark, NJ, 07102

(Address of principal executive offices)

(201) 420-2796

(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:

¨ 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-4(c))

Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.

Wilshire Enterprises, Inc. (the “Company”) has named Francis J. Elenio as Senior Vice President and Chief Financial Officer (and Chief Accounting Officer pursuant to Securities and Exchange Commission rules) of the Company. Mr. Elenio will join the Company on or about September 5, 2006, at an annual salary of $175,000. The Company has agreed to grant him a total of 25,000 restricted shares on the date he begins his employment with the Company, one third of which will vest on the first anniversary of his commencement date and the remainder of which will vest on the second anniversary of his commencement date.

Mr. Elenio, age 40, has served as Chief Financial Officer of WebCollage, Inc. (a private company engaged in on-line content syndication) since March 2006, and as Interim Chief Financial Officer of TWS Holdings, Ltd. (a private company engaged in business process outsourcing) from November 2005 to March 2006. Prior to that he served as Chief Financial Officer and a director of RoomLinx, Inc. (a public company which provides wireless high-speed network solutions to the hospitality industry) from December 2003 to November 2005, and as Chief Financial Officer, Secretary and Treasurer of GoAmerica, Inc. (a public company which provides online wireless relay services to the deaf and hard of hearing community) from January 1999 to August 2003.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

The following exhibit is filed with this Current Report on Form 8-K:

Exhibit No. Description

99.1 Press Release of the Company, dated August 7, 2006

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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, thereunto duly authorized.

Dated: August 7, 2006	WILSHIRE ENTERPRISES, INC. (Registrant)
	By:	/s/ S. Wilzig Izak
		S. Wilzig Izak
		Chairman of the Board

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EX-99.1

FOR IMMEDIATE RELEASE

AMEX: WOC

Frank Elenio Named CFO of Wilshire Enterprises, Inc.

Newark, N.J., August 7, 2006 -- Wilshire Enterprises, Inc. (“Wilshire” or the “Company”) (Amex: WOC) announced today that Francis ("Frank") J. Elenio, CPA, has been named Chief Financial Officer of Wilshire.

"Frank brings many years of experience and an impressive record of accomplishment to his new senior management position at Wilshire," said Chairman and Chief Executive Officer Sherry Wilzig Izak. "His service as a public company CFO, together with his operating and leadership skills, his SEC and 'Big 4' accounting experience, and his in-depth knowledge of corporate finance, mergers and acquisitions, and financial reporting will be invaluable as we pursue our strategy to increase value for Wilshire's shareholders."

Since 1991, Elenio, 40 years old, served as Chief Financial Officer or in similar senior financial management positions with several public and private companies in New Jersey. Earlier, he was a Senior Tax Consultant at Ernst & Young.

About Wilshire Enterprises

Wilshire is engaged primarily in the ownership and management of real estate investments in the United States including the sunbelt states of Arizona, Florida, and Texas.

FORWARD-LOOKING STATEMENT:

The non-historical statements (including the statements regarding the Company’s strategy to increase value for the Company’s shareholder and the contemplated contributions of Mr. Elenio) in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to several risks and uncertainties that could cause actual results to differ materially from such statements. Such risks and uncertainties include uncertainties inherent in any analysis of business transactions, including the impact of market, economic and competitive conditions on the Company and others, as well as other risks and uncertainties disclosed in the Company's 2005 Form 10-K filed with the Securities and Exchange Commission.

Company Contact: Sherry Wilzig Izak, Chairman, 201-420-2796

Agency Contact:Neil Berkman, Berkman Associates, 310-826-5051