CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

      Date of report (Date of earliest event reported)   October 3, 2003

                             Victor Industries, Inc.
             (Exact Name of Registrant as Specified in its Charter)

            Idaho                        0-25388                 91-078484114
 ----------------------------    ------------------------    -------------------
 (State or Other Jurisdiction    (Commission File Number)       (IRS Employer
      of Incorporation)                                      Identification No.)

           4810 North Wormath Road, Missoula, Montana        598074
           ------------------------------------------      ----------
            (Address of Principal Executive Offices)       (Zip Code)

     Registrant's telephone number, including area code:   (406) 251-8501

Item 2. Acquisition or Disposition of Assets

The  Board  of  Directors  of  Victor   Industries,   Inc.  reports  that  Flinn
Broadcasting  has once  again  turned  the power off at The Heat  100.3 in Great
Falls,  MT.  The Heat  100.3 is New Wave  Media  Corporations  ( a wholly  owned
subsidiary of Victor Industries ) first radio station.

Josh Gager,  President of Victor  Industries and New Wave Media commented,  " In
just six months of  operations  we created the number one station in Great Falls
in the  18-34  age  group,  this  position  greatly  increased  the value of the
station.  This is the second time Flinn Broadcasting has turned the power off at
the  station.  The first  time New Wave  Media  secured a  permanent  injunction
requiring  Flinn to turn the power back on. The judge, in his Statements of Fact
stated  that  Flinn had  broken our  agreement  and that New Wave  would  likely
prevail in court. We bounced back from the first disruption and were approaching
profitability  when  Flinn  turned  us off the  second  time.  We have  made the
decision  not to attempt to gain  another  injunction  and instead  exercise our
legal  rights in court.  With the  reputation  we have  gained in the market our
plans are to acquire another station.  There can be no assurance that we will be
successful in accomplishing our goal.

We have  continued  developing  our  marketing  strategy  for Victor  Industries
flagship  product,  ENVIROLIZERTM . We believe,  that given the  difficulties we
have experienced in marketing to distributors  that a direct marketing  campaign
may be more effective.  To that end we expect marketing  efforts to begin during
the month of October.


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.

Dated:   October 3, 2003                       Victor Industries, Inc.

                                               By:  /s/  Josh Gager