
                                  UNITED STATES
                       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


                                NovemberJanuary 1817, 20052007
                                 Date of Report (DatesDate of earliest event reported)

                           NATIONAL AUTO CREDIT
                                   iDNA, INC.
             (Exact Namename of Registrantregistrant as Specifiedspecified in its Chartercharter)


DELAWARE                                                                 1-11601                                  34-1816760
(State or Otherother Jurisdictionjurisdiction of              (Commission                         (I.R.S. Employer
Incorporation or Organizationincorporation)                                  File No.Number)                      Identification No.)



                               555415 MADISON AVENUE
                                   29TH                                    7TH FLOOR
                               NEW YORK, NY 1002210017
              (Address of principal executive offices and zip code)


                                 (212) 644-1400
              (Registrant's telephone number, including area code)

                                 NOT APPLICABLE
          (Former name ofor former address, if changed fromsince 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 andany of the
following provisions:

__   ___ Written communications pursuant to Rule 425 under the Securities Act (17
     CFR CFR
    230.425)

__   ___ Soliciting material pursuant to Rule 14a-12 under the Exchange Act 
    (17
      CFR240.14a-12)

__   ___ Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Exchange
    Act (17CFR24017 CFR 240.14d-2(b))

__   ___ Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Exchange
    Act (17CFR24017 CFR 240.12e13e-4(c))

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ITEM 27.01 COMPLETIONREGULATION OFFD ACQUISITION OR DISPOSITION OF ASSETSDISCLOSURE

              On NovemberJanuary 1817, 20052007, National Auto CreditiDNA, Inc. ("NACiDNA") consummated
theannounced acquisitionits ofrole 100%as of the membershipagency interest in Option Technologiesof
Interactiverecord LLCfor First Response("OTI"R) from Flexner Wheatley & Associates and MeetingNet
Interactive, Inc. OTI is a technology company providing interactive software and
hardware systems and services for use in live events, training and education
satellite videoconferencing and corporate meeting services.

          OTI revenues for the year ended December 31, 2004 and the nine months
ended September 30, 2005 were approximately $5.3 million and $4.3 million,
respectively. OTI is headquartered in Orlando, FL with additional full service
sales and service offices in Ogden, UT and Chicago, IL. OTI has approximately
20 employees.

          The purchaseattached pricepress wasrelease paidfurnished inas a combination of cash at closing,
$744,000, the issuance of 496,250 shares of NAC common stock and the balance of
the purchase price, $1.5 million, is payable through two promissory notes issued
by NAC. The notes are repayable according to a formula based on future cash
flows realized from OTI and bear interest at the rate of five percent per annum
until repaid. The purchase price is subject to an upward and downward adjustmentexhibit
not to exceed $412,500 based upon OTI meeting, or failing to meet, certain
minimum financial performance criterion and an upward or downward adjustment to
the extent the book value of OTI at closing exceeded, or was less than, a
certain agreed amount.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

          (a)  Financial Statements of OTI shall be filed pursuant to an
               amendment to this Current Report on Form 8-K no later than
               February 10, 2006.

          (b)  Prois formaincorporated financialby statementsreference shall be filed pursuant to an
               amendment to this CurrentItem Report7.01 onof Form 8-K no later than
               February 10, 2006.

          (c)  ExhibitITEM 999.101 MembershipFINANCIAL InterestSTATEMENTS PurchaseAND Agreement dated as ofEXHIBITS
               November 18, 2005 between NAC, Flexner Wheatley & Associates and
               MeetingNet Interactive, Inc.

          (d)  Exhibit 99Exhibits.2 Lockup, Standstill and Voting Agreement dated as of
               November 18, 2005 among NAC, Flexner Wheatley & Associates and
               MeetingNet Interactive, Inc.

          (e)  Exhibit 99.3 Registration Rights Agreement dated as of November
               18, 2005 among NAC, Flexner Wheatley & Associates and MeetingNet
               Interactive, Inc.

          (f)  Exhibit 99.4 Employment Agreement dated as of November 18, 2005
               between NAC and Mark A. Fite.

          (g)  Exhibit 99.5 Non    -Competition and Non-Solicitation Agreement dated-------
               as of November 18, 2005 among NAC, OTI, Flexner Wheatley &
               Associates, MeetingNet Interactive, Inc., Mark A. Fite, William
               A. Flexner, Ray Franklin and Kimbal Wheatley.

          (h)  Exhibit 99.61 SuretyPress AgreementRelease datedissued asby ofiDNA November 18, 2005 among
               NAC, Flexner Wheatley & Associates and MeetingNet Interactive,
               Inc.

          (i)  Exhibit 99.7 Security Agreement from OTI dated as of NovemberJanuary 1817,
               2005 among NAC, Flexner Wheatley & Associates and MeetingNet
               Interactive, Inc2007.

          (j)  Exhibit 99.8 Security Agreement from NAC dated as of November 18,
               2005 among NAC, Flexner Wheatley & Associates and MeetingNet
               Interactive, Inc.


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          (k)  Exhibit 99.9 Non-Negotiable Promissory Note Agreement from NAC
               dated November 18, 2005 payable to Flexner Wheatley & Associates
               Inc.

          (l)  Exhibit 99.10 Non-Negotiable Promissory Note Agreement from NAC----------
               dated November 18, 2005 payable to MeetingNet Interactive, Inc.

                                   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 thereunto duly authorized.

                                                NATIONAL AUTO CREDIT, INC.
                                                (Registrant)


DatedDate: NovemberJanuary 2217, 2005                        By:2007                  iDNA, /s/ James McNamaraInc.
                                               -----------------                            ----------------------------
                                                    James McNamara                                        (Registrant)
                                                    Chief Executive Officer


Dated: November 22, 2005                                                                By: /s/ Robert V. Cuddihy, Jr.
                                               -----------------                            ----------------------------
                                                                                                Robert V. Cuddihy, Jr.
                                                                                                Chief Financial Officer





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