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): January 7, 2003


                          CONCEPTS DIRECT, INC.
            __________________________________________________
          (Exact name of registrant as specified in its charter)


    Delaware                       0-20680           52-1781893
_________________________     ___________________   ____________
(State or other jurisdiction  (Commission File     (IRS Employer
of incorporation)              Number)              Identification No.


2950 Colorful Avenue, Longmont, CO			80504
_______________________________________            _______________
(Address of principal executive offices)           (Zip Code)



Registrant's telephone number, including area code: (303) 772-9171


Item 5. Other Events and Regulation FD Disclosure.

On January 9, 2003, Concepts Direct, Inc. (the "Company") announced that
it received a delisting notification from Nasdaq on January 7, 2003.  A
copy of the press release dated January 9, 2003 announcing the foregoing
is filed as Exhibit 99.1 to this Current Report on Form 8-K.

Item 7. Financial Statements and Exhibits.

Exhibit	   Description

99.1       Concepts Direct, Inc. Press Release dated January 9, 2003 *

* Exhibit filed herewith.


                             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.

                                    CONCEPTS DIRECT, INC.




Date:  January 13, 2003             /s/ Zaid H. Haddad
                                    Zaid H. Haddad
                                    Chief Financial Officer

EX-99.1 CHARTER

                                                EXHIBIT 99.1


             2950 Colorful Avenue ( Longmont, Colorado 80504

            CONCEPTS DIRECT, INC. ANNOUNCES NASDAQ DELISTING

Longmont, Colorado, January 9, 2003 - Concepts Direct, Inc. (NASDAQ:
CDIR) announced today that it received a delisting notification from
Nasdaq.

The Company received a Nasdaq Staff Determination on January 7, 2003
indicating that the Company fails to comply with the minimum $2,500,000
stockholders' equity requirement for continued listing set forth in
Nasdaq Marketplace Rule 4310(c)(2)(B), and that its common stock is,
therefore, subject to delisting from the Nasdaq SmallCap Market.  The
Company's common stock will be delisted from the Nasdaq SmallCap Market
at the opening of business on January 15, 2003.  The Company anticipates
that its common stock will be quoted on the OTC Bulletin Board following
its delisting from the Nasdaq SmallCap Market.

About Concepts Direct, Inc.
Concepts Direct is a direct marketing company focused on building and
managing customer relationships through its catalogs and internet
retailing initiatives.  The company sells primarily personalized paper
products and a diverse line of merchandise, including gift items, home
decorative items, collectibles and apparel.  Concepts Direct sells its
merchandise primarily via the Colorful Images, Linda Anderson,
Snoopy(tm) etc., Garfield Stuff, Linda Anderson's Collectibles, and the
Music Stand catalogs.  In addition, the company owns and operates
www.ColorfulImages.com, www.LindaAnderson.com, www.SnoopyStore.com,
www.garfieldstuff.com, www.theMusicStand.com and www.NewBargains.com.

Cautionary Statement
This press release contains certain forward-looking statements as such
term is defined in the Private Securities Litigation Reform Act of 1995.
Company statements that are not historical facts, including statements
about the Company's expectations, beliefs, plans and objectives are
forward-looking statements and involve various risks and uncertainties,
including the risks associated with starting new businesses.  Additional
discussion of factors that could cause actual results to differ
materially from management's expectations, beliefs, plans and objectives
is contained in the Company's SEC filings.

For Further Information Contact

Phillip A. Wiland, Chairman & CEO  Zaid H. Haddad, Chief Financial Officer
Concepts Direct, Inc.              Concepts Direct, Inc.
(303) 772-9171                     (303) 772-9171
pwiland@conceptsdirectinc.com      zhaddad@conceptsdirectinc.com