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<PAGE>

                                  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




Date of Report     (Date of earliest event reported): MAY 14, 2001
                                                      ------------------



                           5B TECHNOLOGIES CORPORATION
      -------------------------------------------------------------------
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)


        DELAWARE                   0-27190                   11-3529387
        --------                   --------                  ----------
(STATE OR OTHER JURISDICTION      (COMMISSION               (IRS EMPLOYER
      OF INCORPORATION)            FILE NUMBER)             IDENTIFICATION NO.)


                   100 SUNNYSIDE BOULEVARD, WOODBURY, NY 11797
--------------------------------------------------------------------------------
                    (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)

Registrant's telephone number, including area code           (516) 677-6100
                                                   -----------------------------


                                 NOT APPLICABLE
 ------------------------------------------------------------------------------
          (FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)



<PAGE>



ITEM 5.  OTHER EVENTS.

      On May 14, 2001, 5B Technologies Corporation sold its DeltaForce
Personnel Services business to The Supporting Cast Inc., a privately owned
company based in New York City.

      The foregoing summary is subject to the full text of the press release
with respect thereto, a copy of which is attached hereto as Exhibit 99.1, which
exhibit is incorporated herein by reference.


ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS.

      (c)   EXHIBITS.  The following exhibit is filed with this Report:

            99.1  Press Release, dated May 15, 2001.






                                      -2-
<PAGE>

                                    SIGNATURE

      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.


                                          5B TECHNOLOGIES CORPORATION


Date:     May 16, 2001                    By: /s/ Glenn Nortman
      ------------------------               ----------------------------------
                                             Glenn Nortman, Chief Executive
                                             Officer



                                      -3-
<PAGE>

                                  EXHIBIT INDEX



            EXHIBIT           DESCRIPTION
            -------           -----------

            99.1              Press Release, dated May 15, 2001.
















                                      -4-
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a2049830zex-99_1.txt
<DESCRIPTION>EXHIBIT 99.1
<TEXT>

<PAGE>

                                                                    Exhibit 99.1


Contact:
Glenn Nortman                        or         Investors:
Chief Executive Officer                         Robert J. Giordano
5B Technologies Corporation                     KCSA Public Relations Worldwide
Phone:  (516) 677-6100                          Phone: (212) 896-1289

           5B TECHNOLOGIES DIVESTS DELTAFORCE PERSONNEL SERVICES UNIT

WOODBURY, NY, MAY 15, 2001 - 5B TECHNOLOGIES CORPORATION (NASDAQ:FIVE), a
comprehensive business solutions provider, announced today that it has sold its
DeltaForce Personnel Services business to a wholly owned subsidiary of The
Supporting Cast Inc., a privately owned company based in New York City. Terms of
the transaction were not disclosed.

"This agreement represents further progress in our continuing drive to focus on
our principal business of comprehensive IT consulting, systems integration and
application development, and to divest properties that are not considered core
to our operations," said Glenn Nortman, its Chief Executive Officer. "This
transaction will free up financial and intellectual assets that will be better
utilized in our core business where higher margins and more rapid growth are
available."

Mr. Nortman continued, " We are especially pleased that this transaction will
have an immediate positive impact on both our cash position and operating
results."

The Company also noted that Jeffrey Nortman, President and Chief Executive
Officer of Deltaforce, and a Director and Chief Operating Officer of 5B
Technologies, will be leaving the Company to pursue other interests, but will
remain as a Director of 5B, and will also remain as a consultant to the Company.
In July 1991, after a successful career at Thomas Nationwide Computer and
PacifiCorp Capital, Mr. Nortman founded Paramount Computer Leasing Corporation,
the predecessor company to 5B Technologies Corporation.

ABOUT 5B TECHNOLOGIES CORPORATION
5B Technologies Corporation is a comprehensive business solutions provider,
offering customers a wide range of integrated services, including customized
design and development of Internet infrastructure and commerce solutions,
information technology consulting, local area network and web site security,
systems integration and staffing services.

THIS PRESS RELEASE CONTAINS FORWARD-LOOKING STATEMENTS AS DEFINED IN THE PRIVATE
SECURITIES LITIGATION REFORM ACT OF 1995. READERS ARE CAUTIONED NOT TO PLACE
UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS. ACTUAL RESULTS MAY DIFFER
MATERIALLY FROM THOSE INDICATED BY THESE FORWARD-LOOKING STATEMENTS AS A RESULT
OF RISKS AND UNCERTAINTIES IMPACTING THE COMPANY'S BUSINESS INCLUDING INCREASED
COMPETITION; THE ABILITY OF THE COMPANY TO EXPAND ITS OPERATIONS THROUGH EITHER
ACQUISITIONS OR INTERNAL GROWTH, TO ATTRACT AND RETAIN QUALIFIED PROFESSIONALS,
AND TO EXPAND COMMERCIAL AND INVESTMENT BANKING RELATIONSHIPS AS BOTH A SOURCE
OF FUNDING AND STOCK SUPPORT; THE AVAILABILITY OF COMPUTER EQUIPMENT;
TECHNOLOGICAL OBSOLESCENCE; GENERAL ECONOMIC CONDITIONS; AND OTHER RISKS
DETAILED TIME TO TIME IN THE COMPANY'S FILINGS WITH THE SECURITIES AND EXCHANGE
COMMISSION (SEC).

                                      # # #
          THIS PRESS RELEASE IS AVAILABLE AT THE KCSA PUBLIC RELATIONS
                      WORLDWIDE WEB SITE AT www.kcsa.com.
</TEXT>
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