8-K

                       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): February 2, 2001

                             THE WIDECOM GROUP, INC.
                     ---------------------------------------
             (Exact name of registrant as specified in its charter)

      ONTARIO, CANADA                    001-13588               98-0139939
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(State or other jurisdiction            (Commission            (IRS Employer
of incorporation)                       File Number)         Identification No.)

      37 GEORGE STREET NORTH, SUITE 103, BRAMPTON, ONTARIO, CANADA L6X 1R5
     ----------------------------------------------------------------------
               (Address of principal executive offices) (Zip Code)

 Registrant's telephone number, including area code............. (905) 712-0505

          72 DEVON ROAD, UNIT #17/18, BRAMPTON, ONTARIO, CANADA L6T 5B4
             ------------------------------------------------------
         (Former name or former address, if changed since last report.)
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Item 5. Other Events and Regulation FD Disclosure

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      After the market closed on Tuesday, January 30, 2001, The WideCom Group,
Inc. (the "Company") received a Nasdaq staff determination which stated that the
Company had failed to comply with Nasdaq requirements for continued listing on
the Nasdaq SmallCap Market. A copy is annexed hereto as Exhibit "10.1."

      The staff determination indicated that the Company's securities would be
delisted at the open of business on Wednesday, February 7, 2001 in view of the
fact that the Company has not provided a definitive plan evidencing its ability
to achieve compliance with the continued listing requirements.

      The Company is appealing the staff's determination to delist its
securities. The Company has requested and has been granted a hearing before a
Nasdaq Listing Qualifications Panel which will take place on Friday, March 16,
2001. The Company has submitted and intends to present to Nasdaq at the hearing,
the details of the Company's plans. Any delisting of the Company's securities
has been stayed pending the outcome of such hearing.

      The Company was also notified that in view of the fact that its Common
Stock had failed to maintain a minimum bid price of $1.00 over the preceding 30
consecutive trading days as required by the Nasdaq SmallCap Market under
Marketplace Rule 4310(c)(8)(B), the Company had 90 calendar days or until April
30, 2001 to regain compliance.

      Pursuant to Nasdaq Marketplace Rule 4815 (b), the Company released a press
release on February 2, 2001 disclosing receipt of the staff determination.



Item 7. Financial Statements and Exhibits.

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10.1 Nasdaq Staff Determination Letter to R. David Murray, Esq. Corporate
Counsel to The Widecom Group, Inc.

99.1 Press Release dated February 2, 2001

                                   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.

                                        The WideCom Group, Inc.,


Date: March 1, 2001                     By: /s/ Raja Tuli
                                           -------------------------------------
                                           Raja Tuli, President



                                  EXHIBIT INDEX

Exhibit
Number                  Description of Exhibit                         Location
- -------                 ----------------------                         --------

10.1                    Nasdaq Staff Determination Letter              Exhibit A
                        to R. David Murray, Esq. Corporate
                        Counsel to The Widecom Group, Inc.

99.1                    Press Release dated February 2, 2001           Exhibit B

EX-10.1

[Letterhead of NASDAQ]

By Facsimile and Overnight Mail

January 30, 2001

R. David Murray, Esq.
Corporate Counsel
The Widecom Group, Inc.
72 Devron Road, Unit 17
Brampton, Ontario, Canada L6T SB4

Re: The Widecom Group, Inc. (the "Company" or "Widecom")
    Nasdaq Symbol: WIDE

Dear Mr. Murray:

On July 27, 2000, Staff notified the Company that it was no longer in compliance
with the minimum $2,000,000 net tangible assets requirement as set forth in
Marketplace Rule 4310(c)(2)(B)(1) and that it had failed to file a proxy
statement or hold an annual meeting of shareholders for its fiscal year ended
March 31, 1999, as required by Marketplace Rules 4350(e)(2) and 4350(g)(3).

According to the Form 10-K for the fiscal year ended March 31, 2000, Staff
determined that the Company's net tangible assets(4) were $1,866,751.(5) The
Company reported net losses of ($1,500,840), ($2,244,351), and ($3,335,865), in
its annum filings for the years ended March 31, 2000, 1999, and 1998,
respectively. The Company's market capitalization was $5,165,970(6) on

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(1) Marketplace Rule 4310(c)(2)(B) states: "For continued inclusion, the issuer
shall maintain: (i) net tangible assets of $2 million; (ii) market
capitalization of $35 million; or (iii) net income of $500,000 in the most
recently completed fiscal year or in two of the last three most recently
completed fiscal years".
(2) Marketplace Rule 4350(e) states that "each issuer shall hold an anneal
meeting of shareholders and shall provide notice of such meeting to Nasdaq."
(3) Marketplace Rule 4350(g) states that "each issuer shall solicit proxies, and
provide proxy statements for all meetings of shareholders and shall provide
copies of such proxy solicitation to Nasdaq."
(4) Marketplace Rule 4200(a)(28) states that net tangible assets "shall mean
total assets (including the value of patents, copyrights and trademarks but
excluding the value of goodwill) less than total liabilities." Please note that
Staff, as a matter of policy, excludes redeemable securities from its
calculation of net tangible assets.
(5) The Company's net tangible assets were calculated as follows: $3,435,361
total assets, less $1,568,610 total liabilities, equals $1,866,751 net tangible
assets.
(6) The calculation is based on 2,582,985 total shares outstanding as of June
29, 2000 multiplied by the closing inside bid price of $2.00.


R. David Murray, Esq.
January 30, 2001
Page 2


July 26, 2000, and $1,695,100(7) on January 29, 2000. - According to the Form
10-Q for the quarterly period ended September 30, 2000, the Company reported net
tangible assets of $1,680,950(8) and a six month net loss of ($280,250).

Based on our review of the Company and the materials submitted to Staff on
August 10 and November 30, 2000, we have determined to deny the Company's
request for continued listing on The Nasdaq SmallCap Market.

Over a year ago on October 15, 1999, Widecom filed a Form SB-2 with the
Securities and Exchange Commission ("SEC") registering over 1,000,000 shares of
common stock to be issued pursuant to the exercise of warrants issued in
connection with its initial public offering completed during December 1995. The
registration statement was filed subsequent to the re-pricing of such warrants
to reflect the one for four reverse stock split completed during January 1999.
The Company believes, that upon effectiveness of the Form SB-2, a significant
number of warrant holders will exercise their warrants resulting in the Company
receiving a substantial amount of capital. However, the Company did not provide;
the registration statement's estimated date of effectiveness. Furthermore,
according to the Form SB-2/A dated February 4, 2000, the Company had outstanding
warrants to purchase 1,620,764 shares of its common stock. Of these warrants,
only 247,250 have exercise price ranges between $.66 per share and $3.00 per
share. The remaining 1,373,514 warrants have exercise prices ragging from $3.00
to $16.00 per share. On January 29, 2001, the Company's common stock had a
closing bid price of $0.65625 per share. Staff notes that these warrants are
"out of the money" and would unlikely be exercised at current market prices.

The Company also plans to convert approximately $382,700 in unpaid consulting
fees and salaries accrued during fiscal 2000 into shares of its common stock.
Staff notes that although the pending conversion of such related party debt may
enable Widecom to achieve compliance with the minimum net tangible asset
requirement(9), Staff is concerned that any benefits from such conversion may be
offset by the Company's current level of operating losses. Over the most
recently completed eighteen months, the Company has as experienced an average
monthly loss of approximately $100,000.

In addition to the above, during March 2000, Widecom established
PosterNetwork.com, Inc., ("Posternetwork") a wholly owned subsidiary. In that re
Bard, the Company intends to spin-off Posternetwork to its shareholders and, as
a result, believes that its financial position will

- ----------
(7) The calculation is based on 2,582,985 total shares outstanding as of
November 16, 2000 multiplied by the closing inside bid price of $0.65625.
(8) The Company's net tangible assets were calculated as follows: $3,231,828
total assets, less $1,550,878 total liabilities, equals $1,680,960 net tangible
assets.
(9) As previously noted, Staff calculated the Company's net tangible ass us at
September 30, 2000 to be $1,680,960. If converted into equity, the $382,700 in
related party debt would result in net tangible assets of $2,063,660.



R. David Murray, Esq.
January 30, 2001
Page 3

significantly improve because it will no longer be required to fund
PosterNetwork's day-to-day research and development activities. Posteretwork is
currently in the process of privately raising an anticipated $3,000,000 to be
used to commence business operations. However, Widecom did not provide any
detailed financial information pertaining to the spin-off's impact on its
financial position. In the absence of any binding agreements relating to the
proposed spin-off or to the pending private placement, Staff is concerned that
Widecom may be unable to complete the above in the near term or that such
actions will enable it to regain compliance.

The Company's original submission dated August 10, 2000, also indicated that
the annual meeting was scheduled to held on or about October 18, 2000. However,
on November 30, 2000, the Company indicated that the annual meeting is now
expected to be held during February 2001. However, Staff notes that as of the
date of this letter the Company does not have a current proxy statement on file
with the SEC.

Furthermore, Staff also notified the Company today that its Common Stock has
failed to maintain a minimum bid price of $1.00 over the last 30 consecutive
trading days as required by The Nasdaq SmallCap Market under Marketplace Rule
43100)(4). Therefore, in accordance with Marketplace Rule 4310(c)(8)(B), the
Company will be provided 90 calendar days, or until April 30, 2001 to regain
compliance with this Rule.(l0)

In view of the foregoing, Staff has determined that the Company has not provided
a definitive plan evidencing its ability to achieve near term compliance with
the continued listing requirements or to sustain compliance over an extended
period of time. Accordingly, the Company's securities will be delisted from the
Nasdaq SmallCap Market at the opening of business on February 7, 2001.

Marketplace Rule 4815(b) requires that the Company, as promptly as possible but
no later than seven calendar days from the receipt of Staff's determination,
make a public announcement through the news media which discloses receipt of
this letter and the Nasdaq rules upon which it is based. The Company must
provide a copy of this announcement to Nasdaq's StockWatch Department and
Listing Qualifications Hearings Department (the "Hearings Department") at least
10 minutes prior to its public dissemination.(11) For your convenience, we have
enclosed a list of news services that the Company may use in connection with
this announcement. In the event the Company does not make the required public
announcement, Nasdaq will halt trading in

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(10) The 90 day period relates exclusively to the bid price deficiency. The
Company may be delisted during the 90 day period for failure to maintain
compliance with any other listing requirement for which it is currently on
notice or which occurs during the period.
(11) This notice should be provided to the attention of Nasdaq's StockWatch
Department (telephone: 240/386-6046; facsimile: 240/386-6047), 9513 Key West
Avenue, Rockville, Maryland, 20850, and to Nasdaq's Hearings Department
(telephone: 301/978-8079; facsimile: 301/978-8080), 9801 Washingtonian
Boulevard, Fifth Floor, Gaithersburg, Maryland, 20878.


R. David Murray, Esq.
January 30, 2001
Page 4


its securities, even if the Company appeals Staff's determination to a Nasdaq
Listing Qualifications Panel (the "Panel's as described below.

Please be advised that Marketplace Rule 4815(b) does not relieve the Company of
its obligation to assess the materiality of Staff's determination as it relates
to the federal securities laws. This rule also does not provide a safe harbor
under the federal securities laws. Accordingly, the Company should consult with
securities counsel regarding its disclosure and other obligations mandated by
law.(12)

The Company may appeal Staffs determination to the Panel, pursuant to the
procedures set forth in the Nasdaq Marketplace Rule 4800 Series. A hearing
request will stay the delisting of the Company's securities pending the Panel's
decision. The Company may request either an oral hearing or a hearing based
solely on written submissions. The fee for an oral hearing is $2,300; the fee
for a hearing based on written submissions is $1,400. Please note that the
hearing fee is non-refundable and that the check must be made payable to "The
Nasdaq Stock Market".(13) The request for a hearing must be received by the
Hearings Department no later than 4:00 p.m. Eastern Standard Time on February 6,
2001. The request must be in writing and faxed to (301) 978-8080, with the
original sent with the appropriate fee to:

                              David A. Donohoe, Jr.
                                  Chief Counsel
                             The Nasdaq Stock Market
                      9801 Washingtonian Blvd., Fifth Floor
                             Gaithersburg, MD 20878.

Hearing requests should not contain written arguments in support of the
Company's position. If you would like additional information regarding the
heating process, please call the Hearings Department at (301) 978-8203.

Marketplace Rule 4890 prohibits communications relevant to the merits of a
proceeding under the Marketplace Rule 4800 Series between the Company and the
Hearings Department unless

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(12) Nasdaq cannot render advice to the Company with respect to the format or
content of the public announcement. The following is provided only as a guide
that should be modified following consultation with securities counsel: the
Company received a Nasdaq Staff Determination on (DATE OF RECEIPT OF STAFF
DETERMINATION) indicating that the Company fails to comply with the (NET
TANGIBLE ASSETS, MINIMUM BID PRICE, MARKET VALUE OF PUBLIC FLOAT, FILING, etc.)
requirement(s) for continued listing set forth in Marketplace Rule(s)
_____________, and that its securities are, therefore, subject to delisting from
(The Nasdaq National/SmallCap Market). The Company has requested a hearing
before a Nasdaq Listing Qualifications Panel to review the Staff' Determination.
There can be no assurance the Panel, will grant the Company's request for
continued listing. The Company may also wish to consider including in its public
disclosure whether its securities may be eligible to trade on another
marketplace.
(13) If the Company would like to pay its hearing fee by wire transfer, please
contact Donna Barnes at 301/978-8071.



R. David Murray, Esq.
January 30, 2001
Page 5

Staff is provided notice and an opportunity to participate. In that regard,
Staff waived its right to participate in any oral communications between the
Company and the Hearings Department. Should Staff determine to revoke such
waiver, the Company will be immediately notified, and the requirements of
Marketplace Rule 4890 will be strictly, enforced.

If you have any questions concerning the compliance issues discussed above,
please contact Timothy J. Larkin, Associate Director, at (800) 207-9997 or Eric
C. Washita, Lead Analyst, at (301) 978-8066.

Very truly yours


/s/ [Illegible]

Enclosure



[Letterhead of NASDAQ]

By Facsimile and First Class Mail

January 30, 2001

R. David Murray, Esq.
Corporate Counsel
The Widecom Group, Inc.
72 Devron Road, Unit 17
Brampton, Ontario, Canada UT 5B4

Re: The Widecom Group, Inc. (the "Company")

Dear Mr. Murray:

The Company's Common Stock has failed to maintain a minimum bid price of $1:00
over the last 30 consecutive trading days as required by The Nasdaq SmallCap
Market under Marketplace Rule 4310(c)(4) (the "Rule"). Therefore, in accordance
with Marketplace Rule 4310(c)(8)(B), the Company will be provided 90 calendar
days, or until April 30, 2001 to regain compliance with this Rule.(l) If at
anytime before April 30, 2001, the bid price of the Company's Common Stock is at
least $1.00 for a minimum of 10 consecutive trading days, Staff will determine
if the Company complies with the Rule. However, if the Company is unable to
demonstrate compliance with the Rule on or before April 30, 2001, Staff will
provide the Company with written notification that its securities will be
delisted. At that time, the Company may appeal Staffs decision to a Nasdaq
Listing Qualifications Panel.

If you have any questions concerning the compliance issues discussed above,
please contact Eric C. Wasiuta, Lead Analyst at (301) 978-8066.

Sincerely,


/s/ Timothy J. Larkin
Timothy J. Larkin
Associate Director
Nasdaq Listing Qualifications

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(1) The 90 day period relates exclusively to the bid price deficiency. The
Company may be delisted during the 90 day period for failure to maintain
compliance with any other listing requirement for which occurs during the
period.

EX-99.1

                  WIDECOM ANNOUNCES NASDAQ STAFF DETERMINATION

FOR IMMEDIATE RELEASE:

      BRAMPTON, ONTARIO, CANADA, February 2, 2001 - The WideCom Group Inc.,
(NASDAQ: WIDE, OTCBB: WIDWF; BSE: WDE, WDEW), today announced its receipt of a
NASDAQ staff determination.

      The WideCom Group Inc. ("WideCom") received a NASDAQ staff determination
after the market closed on Tuesday, January 30, 2001 indicating that WideCom had
failed to comply with the annual meeting and proxy statement filing requirements
set forth in NASDAQ Marketplace Rules 4350 (e) and (g), respectively. The staff
determination stated that WideCom's securities would, therefore, be subject to
delisting from the NASDAQ SmallCap Market. The staff determination also
indicated that WideCom had failed to meet the Net Tangible Asset requirement set
forth in NASDAQ Marketplace Rule 4310 (c)(2)(B). WideCom has appealed the staff
determination and requested a hearing before the Listing Qualifications Panel
(the "Panel") pursuant to the NASDAQ Marketplace Rule 4800 Series. There can be
no assurance that the Panel will grant WideCom's request for continued listing
on the NASDAQ SmallCap Market. WideCom also maintains a listing on the Boston
Stock Exchange and may be eligible for trading on the NASD OTCBB even if
unsuccessful before the Panel.

      WideCom, incorporated in 1990, is seeking to become one of world's leading
suppliers of high performance, wide-format scanning technology. WideCom markets
its products and technologies through major original equipment manufacturers,
international distributors and Value-Added Resellers (VARs). WideCom's
headquarters is near Toronto; its forty-five (45%) percent owned advanced
research venture, Technologie NovImage, Inc., is in Montreal; and its
wholly-owned manufacturing subsidiary, Indo-WideCom International, Inc., is in
India. WideCom has North American sales & service offices in Pittsburgh and
Toronto. In addition, WideCom has developed a portable printer for digital
cameras and, through its PosterNetwork subsidiary, a large format color printing
process.

      Safe Harbor statement under the Private Securities Litigation Reform Act
of 1995: certain statements in this press release with respect to future
expectations and plans may be regarded as "forward looking statements" and are
subject to the risks and uncertainties including, but not limited to, the impact
of competitive products and pricing, product demand, market acceptance, new
product development, reliance on key strategic alliances, availability of raw
materials, the regulatory environment and other risks set forth in the Company's
filings with the SEC. The Company's actual results could differ materially from
such statements.

Contact: R. David Murray, Corporate Counsel, The Widecom Group Inc.
         Tel.# (905) 712-0505, Fax.# (905)712-0506