8-K

                                  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): October 15, 2003

                                 --------------


                             Sel-Leb Marketing, Inc.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)


    New York                        1-13856                         11-3180295
- --------------------------------------------------------------------------------
(State or other                   (Commission                   (IRS Employer
jurisdiction of                   File Number)               Identification No.)
incorporation)


                  495 River Street, Paterson, New Jersey 07524
             ------------------------------------------------------
               (Address of principal executive offices) (zip code)


       Registrant's Telephone Number, including Area Code: (973) 225-9880


                                       N/A
          -------------------------------------------------------------
          (Former name or former address, if changed since last report)



ITEM 5.   OTHER EVENTS.

     On October 15, 2003, Sel-Leb Marketing, Inc. (the "Company") issued a press
Release announcing the termination of its loan agreements with its primary
lender. The press release is attached hereto as Exhibit 99.1.




ITEM 7.   FINANCIAL STATEMENTS AND EXHIBITS.

          (c)  Exhibits

               99.1   Press release issued by Sel-Leb Marketing, Inc. on
                      October 15, 2003.





                                    SIGNATURE


          Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the Registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.

                               SEL-LEB MARKETING, INC.
                               (Registrant)



Dated:  October 15, 2003       By: /s/ Jorge Lazaro
                               -------------------------
                               Name:  Jorge Lazaro
                               Title: Chief Financial Officer





                                 EXHIBIT INDEX
                                 -------------


          99.1   Press release issued by Sel-Leb Marketing, Inc. on
                 October 15, 2003.

EX-99.1

                                                                    Exhibit 99.1

                             SEL-LEB MARKETING, INC.
                         ANNOUNCES THE EXPIRATION OF ITS
                       LOAN AGREEMENTS WITH MERRILL LYNCH

PATERSON, NEW JERSEY, OCTOBER 15, 2003...Sel-Leb Marketing, Inc. announced today
that its loan agreements with its primary lender, Merrill Lynch Business
Financial Services Inc. ("Merrill Lunch"), have terminated. As previously
announced, the Company has been in default under its Merrill Lynch loans.
Merrill Lynch is entitled to exercise all remedies available to it as a secured
lender.

The Company is in discussions with Merrill Lynch for an extension of its loan
agreements. There can be no assurance that Merrill Lynch would extend the
maturity of its loans to the Company, and there can be no assurance Merrill
Lynch will not pursue actions as a result of the Company's default.

Any inability to extend the Merrill Lynch loans or obtain adequate alternative
financing would have a material adverse effect on the Company, including
possibly requiring the Company to significantly curtail or cease its operations.

Sel-Leb is a company primarily engaged in the distribution and marketing of
consumer products through mass merchandisers, discount chain stores and food,
drug and electronic retailers. The Company's business also includes marketing
and selling products to be promoted by celebrity spokespersons and sold to mass
merchandise retailers.

The statements which are not historical facts contained herein are
forward-looking statements that relate to plans for future activities. Such
forward-looking information involves important risks and uncertainties that
could significantly affect results in the future, including but not limited to
general trends in the retail industry (both general as well as electronic
outlets), the ability of the Company to cure any defaults under its financing
arrangements and to maintain its financing arrangements (or to obtain
satisfactory alternative financing) on favorable terms, or at all, the ability
of the Company to successfully implement any future expansion plans, consumer
acceptance of any products developed and sold by the Company, the ability of the
Company to continue to develop its "celebrity" product business, the ability of
the Company to sell its specially purchased merchandise at favorable prices, on
a timely basis or at all, the ability of the Company to adequately source
products that it sells to its customers, pending or unanticipated litigation,
claims or assessments, the delisting from the Nasdaq SmallCap Marketing May 2003
and the future trading market, if any, for the Company's securities, and other
risks detailed in the Company's filings with the Securities and Exchange
Commission.

Contact:  Jorge Lazaro, CFO. (973) 225-9880.