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): ~~May~~September 1828, 2010

Electronic Game Card, Inc.

(Exact name of registrant as specified in charter)

Nevada	000-25843	87-0570975
(State or other jurisdiction	(Commission	(I.R.S. Employer
of incorporation)	File Number)	Identification No.)

5405 Alton Parkway, Suite A-353, Irvine, CA 92604

(Address of principal executive offices)

Registrant's telephone number, including area code: 866-924-2924

Not Applicable

(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))

Item 1.03 Bankruptcy or Receivership.

~~SECTION~~On 4September -28, ~~MATTERS~~2010, ~~RELATED~~Electronic TOGame ~~ACCOUNTANTS~~Card, ~~AND~~Inc., ~~FINANCIAL~~a ~~STATEMENTS~~Nevada corporation (the “Company”), filed a voluntary petition for relief under Chapter 7 of Title 11 of the United States Code in the United States Bankruptcy Court for the District of Nevada. It is expected that the court will appoint a Chapter 7 trustee who will be responsible for the liquidation of the business through the bankruptcy case.

Item 45.02 ~~Non-Reliance~~Departure onof ~~Previously~~Directors ~~Issued~~or ~~Financial~~Certain ~~Statements~~Officers; orElection aof ~~Related~~Directors; ~~Audit~~Appointment ~~Report~~of orCertain ~~Completed~~Officers; ~~Interim~~Compensatory ~~Review~~Arrangements of Certain Officers.

On ~~May~~September 1828, 2010, ~~the~~Kevin ~~Board~~Donovan oftendered ~~Directors~~his ~~Electronic~~resignation ~~Game~~from ~~Card,~~the ~~Inc.~~Board ~~("EGCI")~~of ~~concluded~~Directors ~~that~~of ~~its financial statements for~~ the ~~years~~Company ~~ended December 31, 2006, 2007~~ and ~~2008~~from ~~should~~the noBoard ~~longer be relied upon because preliminary findings~~ of ~~its~~Directors ~~previously announced forensic review~~ of the ~~circumstances that gave rise to EGCI~~Company’s ~~independent~~subsidiaries. Mr. ~~auditors’~~Donovan ~~withdrawal~~also oftendered ~~its~~his ~~audit~~resignation ~~opinions~~as ~~for~~Chief ~~those~~Executive ~~years have~~Officer ~~raised~~and ~~significant~~Interim ~~concerns~~Co-Chairman asof to the ~~integrity~~Board of ~~audited financial statements for~~ the ~~fiscal years ended December 31~~Company, ~~2006,~~effective ~~2007~~at 11:59 ~~and~~pm ~~2008. EGCI~~PST ison ~~concerned~~September ~~that~~28, ~~reported revenue may be materially overstated and that the reported carrying value of its assets and investments in third-party companies may not be fairly stated~~2010.

InOn ~~addition~~September 28, ~~EGCI~~2010, ~~has~~Eugene ~~been~~Christiansen ~~unable~~tendered tohis ~~confirm~~resignation ~~the~~from ~~existence or value of a purported investment account in~~ the ~~name~~Board of ~~Electronic~~Directors ~~Game Card (UK) Limited (“EGCL”) with R.I.C. Asset Management Limited (“R.I.C.”). While the former CFO~~ of ~~EGCI has stated that~~ the ~~R.I.C.~~Company ~~investment account exists~~ and ~~had~~from athe ~~balance~~Board of ~~$12.9~~Directors ~~million as~~ of ~~February 26, 2010, he asserts that EGCI does not own~~ the ~~funds~~Company’s ~~in the R~~subsidiaries.I Mr.C. ~~account~~Christiansen ~~because~~also ~~EGCI~~tendered nohis ~~longer~~resignation ~~owns EGCL. This assertion is based on a document described~~ as aInterim ~~2002~~Co-Chairman ~~agreement~~of ~~entered into among EGCI, EGCL and~~ the ~~original (unidentified) sellers of EGCL to EGCI. The current EGCI~~ Board ~~of Directors~~ and ~~management~~Secretary ~~were unaware~~ of ~~this~~the ~~document~~Company, ~~which~~effective ~~was~~at 11:59 ~~signed~~pm byPST ~~the former CFO~~ on ~~behalf~~September ~~of EGCL~~28, ~~until after questions had arisen concerning the company’s audited financial statements~~2010.

With ~~respect to EGCI’s Series A Convertible Preferred Stock, it appears that a certificate~~ of ~~designation establishing~~ the ~~terms~~resignations of ~~the~~Mr. ~~Series~~Donovan Aand ~~Convertible~~Mr. ~~Preferred~~Christiansen, ~~Stock was not filed with~~ the ~~Secretary~~Company no oflonger ~~State~~has ofany ~~Nevada,~~directors ~~where~~or ~~EGCI is incorporated~~officers. ~~This~~The ~~fact,~~Company ~~among~~has ~~others,~~no calls into question, among other things, the validity of the preferred stock and the accuracy of disclosures relating to capitalization and similar matters in EGCI’s historical financial statements, periodic reports and proxy statements filed with the Securities and Exchange Commissionemployees.

EGCI’s Board of Directors have discussed the matters described in this Item 4.02 with the Company’s current independent auditing firm.

SECTION 8 - OTHER EVENTS

Item 8.01 Other Events.

On May 18, 2010, EGCI issued a press release, which is attached hereto as Exhibit 99.

SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS.

Item 9.01 Financial Statements and Exhibits.
(d)		Exhibits.
		The following exhibits are filed with this report.
		99.1 - Press Release

SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Electronic Game Card, Inc.
	By:	/s/ Kevin Donovan
		Title: Chief Executive Officer
		May 18, 2010
		September 28, 2010

Exhibit Index

Exhibit
Number	Exhibit Title or Description
99.1	Press Release

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