8-K

                       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): March 24, 2005


                             TMSS LIQUIDATION, INC.
                             ----------------------
             (Exact name of registrant as specified in its charter)


        Oklahoma                      0-18250                    91-1098155
        --------                      -------                    ----------
(State or other jurisdiction   (Commission File Number)      (I.R.S. Employer
     of Incorporation                                       Identification No.)

                               5811 Trenton Avenue
                                  P.O. Box 1358
                           Stillwater, Oklahoma 74074
                                 (405) 707-9060
                                 --------------
  (Address, including zip code, and telephone numbers, including area code, of
                          Principal executive offices)


                             ----------------------
          (Former Name or Former Address, if Changed Since Last Report)

     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-4(c))


Section 7 - Regulation FD Disclosure

Item 7.01   Regulation FD Disclosure

     The Company announced by a press release dated March 24, 2005, the
tentative settlement of a patent infringement lawsuit pending in the Eastern
District of North Carolina.  The press release is attached hereto as Exhibit 99.

Section 9 - Financial Statements and Exhibits

Item 9.01   Financial Statements and Exhibits

     (c) Exhibits.

         Exhibit No.               Description
         ----------                -----------
            99                  Press release dated March 24, 2005.


                                   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.

                                    TMSS LIQUIDATION, INC.


Date:  March 24, 2005               By DEBORAH D. MOSIER
                                       Deborah D. Mosier, President


                            EXHIBIT INDEX

Exhibit
  No.          Description                     Method of Filing
  ---          -----------                     ----------------

99      Press release dated March 24, 2005   Filed herewith electronically

EX-99

PRESS RELEASE

Contact: Debbie Mosier, President
Phone: 405/707-9060
Email: debbie.mosier@tmsinc.com

TMS Reaches Tentative Settlement of Patent Infringement Lawsuit


STILLWATER, OK - March 24, 2005 - TMSS Liquidation, Inc., formerly TMS, Inc.
(OTC Bulletin Board : TMSS), announced that a tentative agreement has been
reached between TMS, Measurement Incorporated and NCS Pearson, Inc., to resolve
the patent infringement lawsuit currently pending in the Eastern District of
North Carolina. In the lawsuit, NCS Pearson alleged that the Virtual Scoring
Center technology infringed certain of its patents. The tentative settlement
provides for a dismissal of TMS from the lawsuit and a complete release of TMS
and any of its affected customers from any claims of infringement related to the
lawsuit. TMS will not be required to pay any amounts to NCS Pearson as part of
the settlement. The parties anticipate a final settlement by April 20th.

In December 2004, TMS announced the sale of its Components's Technology Business
to Pegasus, the sale of its membership interest in VSC Technologies, LLC, to
Measurement Incorporated and a plan of liquidation and dissolution for TMS.
Debbie Mosier, TMS President stated "I am pleased that a tentative agreement has
been reached so that we can now move forward more quickly to wind up the affairs
of TMS and make a final cash distribution to our shareholders."

About TMSS Liquidation, Inc.
- ---------------------------

TMSS Liquidation, Inc. is a publicly held company located in Stillwater,
Oklahoma which is in the process of implementing a plan of liquidation and
dissolution of the Company. For more information call 1-405-707-9060.

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