8-K

                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 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): June 30, 2004

                            CHELL GROUP CORPORATION
               (Exact name of Registrant as specified in charter)


New York                              000-18066           11-2805051
(State or other jurisdiction   (Commission File Number)   (IRS Employer
of incorporation)                                         Identification Number)


                     800 3rd Ave., 21st Floor, NY, NY 10022
                    (Address of principal executive offices)


Registrant's telephone number, including area code: (416) 675-0874



This Form 8-K and other reports filed by the Registrant from time to time with
the Securities and Exchange Commission (collectively the "Filings") contain
forward looking statements and information that are based upon beliefs of, and
information currently available to, the Registrant's management as well as
estimates and assumptions made by the Registrant's management. When used in the
Filings the words "anticipate", "believe", "estimate", "expect", "future",
"intend", "plan" or the negative of these terms and similar expressions as they
relate to the Registrant or the Registrant's management identify forward looking
statements. Such statements reflect the current view of the Registrant with
respect to future events and are subject to risks, uncertainties, assumptions
and other factors relating to the Registrant's industry, operations and results
of operations and any businesses that may be acquired by the Registrant. Should
one or more of these risks or uncertainties materialize, or should the
underlying assumptions prove incorrect, actual results may differ significantly
from those anticipated, believed, estimated, expected, intended or planned.

Although the Registrant believes that the expectations reflected in the forward
looking statements are reasonable, the Registrant cannot guarantee future
results, levels of activity, performance or achievements. Except as required by
applicable law, including the securities laws of the United States, the
Registrant does not intend to update any of the forward-looking statements to
conform these statements to actual results.

ITEM 5.     OTHER EVENTS AND REGULATION FD DISCLOSURE.

            See attached press release relating to the announcement of the
letter of intent regarding the recapitalization of Logicorp.

                                   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.

CHELL GROUP CORPORATION



By: /s/ David Bolink
   ---------------------------------
   David Bolink, President
Dated: June 30, 2004

EX-99

                                                                      Exhibit 99



CHELL GROUP SIGNS LETTER OF INTENT TO RECAPITALIZE LOGICORP DATA SYSTEMS


Wednesday, June30, 2004, 2:00pm ET

      NEW YORK, June 4, 2004. CHELL GROUP CORPORATION (CHEL.PK), a technology
holding and development company, announces that it has entered into an LOI with
NewMarket Technology Inc. (OTCBB: IPVO) for the recapitialization of Logicorp
Data Systems Ltd.

      NewMarket and Logicorp anticipate executing the final stock purchase
agreement in July 2004.

      "This transaction will allow the Chell Group to work with a partner to
develop out and expand the potential of Logicorp as well as allow the Chell
Group to pursue additional technology development opportunities". Dave Bolink,
Chell Group CEO.



About Logicorp (http://www.logicorp.ca)
                ----------------------

LOGICORP is an IT services provider with offices in Calgary, Edmonton, Toronto,
and Vancouver. Established in 1988, LOGICORP serves small, medium, and large
organizations in the corporate, government, and educational sectors with
competitive and innovative IT business solutions. LOGICORP excels in Server
Based Computing, Storage, Enterprise and Operating Software, Internetworking
Technology, and Microsoft Business Solutions (Great Plains and CRM). LOGICORP
also offers full service planning, procurement, configuration, licensing, and
maintenance programs.


About NewMarket Technology Inc. (www.newmarkettechnology.com)
                                 ---------------------------

NewMarket (currently undergoing a corporate name change from IPVoice
Communications Inc.) is a six-year-old company that has reported as a research
and development concern for most of its history. In 2002, NewMarket launched a
new business plan, which resulted in the Company posting six consecutive
profitable quarters through 2003 and establishing an annualized $15 million in
revenue. The Company is actively acquiring early-stage proprietary technology
companies and financially distressed systems integration companies in specific
global markets. In 2003, NewMarket acquired Infotel Technologies in Singapore
and IP Global Voice, led by CEO Peter Geddis, a former Executive Vice President
and Chief Operating Officer of Qwest Communications (NYSE:Q). The Company
recently acquired Medical Office Software Inc., diversifying its communications
technology offering into the healthcare industry. RKM IT solutions of Caracas,
Venezuela was also recently acquired as NewMarket's entry into the Latin
American market.


About Chell Group Corporation:

Chell Group Corporation (www.chell.com) is a technology holding and development
company that strategically acquires, develops and divests of technology
businesses and assets.

CONTACT: Chell Group Corporation
         David Bolink, 403-303-8258
         dbolink@chell.com
         www.chell.com



Forward-looking statements and comments in this press release are made pursuant
to safe harbor provisions of the Securities Exchange Act of 1934. Certain
statements, which describe Chell Group Corporation's intentions, expectations or
predictions, are forward-looking and are subject to important risks and
uncertainties. The results or events predicted in these statements may differ
materially from actual results or events. Factors which could cause results or
events to differ from current expectations include, among other things: the
acceptance of Internet based application service providers in the consumer
market, the impact of rapid technological and market change, general industry
and market conditions and growth rates.