8-K

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                                  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)      August 15, 2003
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                                 Accessity Corp.
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             (Exact name of registrant as specified in its charter)


            New York                   0-21467                   11-2750412
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  (State or other jurisdiction       (Commission               (IRS Employer
        of incorporation)            File Number)            Identification No.)



                       12514 West Atlantic Boulevard 33071
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               (Address of principal executive offices) (Zip Code)


Registrant's telephone number, including area code      (954) 752-6161
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         (Former name or former address, if changed since last report.)

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ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS

99.1     Press release issued by the Registrant on August 15, 2003 filed herein.


ITEM 12.  RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

On August 15, 2003 the Registrant reported in a press release its financial
results for the period ended June 30, 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 thereunto duly authorized.

                                       driversshield.com

                                  By:  /s/ Barry Siegel
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                                      Name:  Barry Siegel
                                      Title:  Chairman of the Board, Secretary
                                      Chief Executive Officer


Date:  August 19, 2003


















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                                 EXHIBITS INDEX



       99.1              Press release issued by the Registrant on August 15,
                         2003 filed herein.






























                                        3

EX-99.1

                                                                    EXHIBIT 99.1
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             ACCESSITY CORP. REPORTS IMPROVEMENTS IN SECOND QUARTER

            DIVERSIFICATION STRATEGY BEGINNING TO SHOW POSITIVE TREND

CORAL SPRINGS, FL -- (MARKET WIRE) -- 08/15/2003 -- Accessity Corp. (NASDAQ:
ACTY) reported today that its net loss for 2003's second quarter began its
anticipated decline, as the Company continued its diversification away from its
traditional automotive-related businesses, and continued to reduce its related
operating costs. The cost reductions were not in effect for the entire quarter
and should be more apparent in the third quarter. In addition, the Company's
medical subrogation unit, Sentaur, had its first full quarter of revenues, which
are expected to continue to increase in the third quarter as well.

The Company recorded a net loss of $428,000, or $.04 per basic and diluted
share, for the quarter ended June 30, 2003, versus a net loss of $455,000, or
$.04 per basic and diluted share, in the second quarter of 2002. The net loss
for the current quarter was also lower than the first quarter loss of $493,000,
an improvement of $65,000, or approximately 13%.

Revenues for the quarter were $112,000, compared with $613,000 in the 2002
quarter. The drop reflected the transfer of Accessity's Internet-based CRM
business with automobile insurers to a strategic partnership operated by
ClaimsNet, Inc. in January 2003, as well as accounting for the ADS automotive
unit, now in the process of being sold, as discontinued operations and were not
counted as part of the reported revenue figures.

The revenue derived from Sentaur, the Company's recently launched medical
subrogation business, of $63,000 for the 2003 quarter was based on collections
of $188,000 on behalf of its clients. This was its first full quarter of billing
and collecting. The bulk of Sentaur's revenue occurred during the month of June
2003. The Company expects that Sentaur's revenues will continue to increase
monthly and expects it to be profitable for the third quarter. Sentaur's
revenues increased again in the month of July, demonstrating its trend of growth
is continuing. Sentaur helps hospitals by uncovering instances where health
insurers or preferred provider organizations (PPO) took discounts to which they
were not entitled in reimbursing the hospitals for treating insured patients.

"We are encouraged by the trends evident in the latest quarter," said Barry
Siegel, Chairman and CEO of Accessity. "While transitions are rarely easy or
without turmoil, our efforts to exit the automotive businesses are nearly
complete and our medical business is beginning to show very positive results.
All of Sentaur's revenues in the recent quarter came from only our first two
hospital clients. We now have four additional hospital contracts, for a total of
six, and have begun the subrogation recovery process at two more of those four.
We will continue to ramp up our work force as quickly as possible. The demand
for Sentaur's product appears to be increasing as we extend our market
awareness. We are also continuing to explore acquisitions which will complement
our new strategy and expand our business lines."

Siegel also added: "In keeping my promise to shareholders, I have personally
spent every dollar of my salary since announcing I would do so to exercise my
stock options which are increasing


my holdings in the Company, demonstrating my level of confidence in our plan and
helping to keep the Company's cash position strong."

For the six months ended June 30, 2003, Accessity recorded a net loss of
$1,110,000 from continuing operations, versus a net loss from continuing
operations of $816,000 for the comparable period of 2002. The earlier period's
results reflected an income tax benefit of $701,000.

Siegel noted that the Company is in a strong position financially, with no debt
and reduced operating expenses. Current assets total $5,333,000, including
$4,990,000 in cash or liquid investments.

This announcement contains "forward-looking statements." Words "anticipate,"
"believe," "estimate," "expect" and other similar expressions as they relate to
the Company and its management are intended to identify such forward-looking
statements. Although the Company and its management believe that the statements
contained in this announcement are reasonable, it can give no assurances that
such statements will prove correct. Factors that could affect the occurrence of
events or results discussed herein are included with those mentioned in the
Company's filings with the Securities and Exchange Commission.


Contact: Charles R. Holcomb
Phone: 954-752-6161 ext. 241
URL: http://www.AccessityCorp.com
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