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 15, 2001

                               BRL HOLDINGS, INC.
                               ------------------
               (Exact name of registrant as specified in charter)


  Delaware                 0-15260                   88-0218411
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Jurisdiction of           Commission File            I. R. S. Employer
Incorporation             Number                     Identification Number

               340 Granite Street, Suite 200, Manchester, NH 03102
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                    (Address of principal executive offices)

                         Registrant's telephone number:
                                 (603) 641-8443

Item 2.  Acquisition of I-JAM Entertainment Assets

BRL Holdings, Inc. ("the Company") recently formed a wholly owned Delaware
subsidiary named I-JAM Entertainment, Inc. (I-JAM). I-JAM has agreed to acquire
certain assets of I-JAM Multimedia LLC associated with producing and marketing
digital book and music files and which include a license from Iomega for digital
content on Iomega's Pocket Zip(TM) drives and disks and Hip Zip(TM) digital
audio players. Terms for the acquisition include staged subsidiary cash payments
of $500,000 during calendar year 2001 plus $1,000,000 in subsidiary convertible
preferred stock. I-JAM will be owned jointly by the Company and a management
group formerly associated with I-JAM Multimedia. Dr. R. Bruce Reeves, President
of the Company, will serve as the initial I-JAM director and oversee the
organization of the I-JAM subsidiary and will retain a minority ownership in the
I-JAM subsidiary.

Item 5.  Other Events

On July 31, 2001, Biorelease Technologies, Inc., which was formerly a controlled
subsidiary of the Company, terminated its S-1 registration of shares including
certain shares currently held by the Company, which shares were to be spun off
to the Company's stockholders. Accordingly, the spin off and registration of the
shares of Biorelease Technologies, Inc., as described in the Company's recent
Form 14C filing, is being indefinitely postponed.

                                                              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.
                                                 BIORELEASE CORP

                                                /s/ R. Bruce Reeves, President

Dated:        August 15, 2001