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):       May 8, 2007

Wireless Xcessories Group, Inc.

(Exact name of Registrant as specified in its charter)

Deleware (State or other jurisdiction of incorporation)	0-27996 (Commission File Number)	133835420 (I.R.S. Employer Identification No.)
1840 County Line Rd. Huntingdon Valley, PA 19006 (Address of principal executive offices, including zip code) 215-322-4600 (Registrant's telephone number, including area code)

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):

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

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

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

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)).

ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION

ITEM 7.01. REGULATION FD DISCLOSURE

The following information is furnished pursuant to Item 2.02, “Results of Operations and Financial Condition” and Item 7.01, “Regulation FD Disclosure”.

On May 8^th, 2007 Wireless Xcessories Group, Inc. issued a press release announcing First Quarter Results. A copy of Wireless’ press release is attached hereto as Exhibit 99 and hereby incorporated by reference.

Exhibit Index

Exhibit Number Exhibit description

99 Press release, dated: May 8, 2007, issued by Wireless Xcessories Group, 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 hereunto duly authorized.

	WIRELESS XCESSORIES GROUP, INC.
Date:      May 8, 2007	By:	/s/ Ronald E. Badke
		Ronald E. Badke
		CFO and Secretary

EX-99

The Wireless Xcessories Group Reports First Quarter 2007 Results

Revenue Increases 10.7%to $ 6,073,000

HUNTINGDON VALLEY, Pa., May 8, 2007 (PRIMEZONE) -- The Wireless Xcessories Group, Inc. (AMEX:XWG), a nationwide manufacturer and distributor of electronic and cellular accessories and creator of private labeled websites for affiliates, announced today first quarter results for the period ended March 31, 2007.

The Company reported first quarter revenue of $ 6,073,000, an increase of 10.7% compared to $5,485,000 for the same period in fiscal 2006.

2007 first quarter pre-tax net income was $460,000, a decrease of 0.06% versus $ 463,000 in the first quarter of 2006.

The Company had after tax net income of $ 276,000, or $0.06 per basic and diluted share, which was a decrease of approximately 40% compared to $ 468,000 or $0.10 per basic and diluted share in the same period for 2006.

The Company ended the first quarter of 2007 with working capital of $6.6 million, and a current ratio of more than 11 to 1, compared to $ 6.3 million and a current ratio of 8 to 1 at the end of fiscal 2006.

The Company has no debt, and total equity has grown to $7.4 million.

Steve Rade, CEO, said, “While we are pleased to announce double digit sales growth this quarter, net income did not keep pace. The difference in our year over year results is the effect that federal and state taxes had on our net income.  In 2006, we had a tax benefit of $5,000 while in 2007, our tax expense was 40% of net income before taxes.”

“We continue to maintain that XWG is a great value story: fifteen consecutive quarters of profitability, a trailing EPS of 12, and a price to sales ratio of .5.”

About Wireless Xcessories Group

Wireless Xcessories Group, Inc. designs and distributes a range of accessories for cellular phones throughout the United States and Canada. The Company offers in excess of 3,000 items that include rechargeable batteries, personal and vehicle hands free kits, in-car and travel chargers, as well as a variety of carrying cases. The Company sells to dealers and distributors through an in-house sales force and directly from its website, http://www.wirexgroup.com. Wireless Xcessories also creates private labeled websites, GetAccessories.net, for its dealers.

``Safe Harbor'' Statement -- Under the Private Securities Litigation Reform Act of 1995, this press release may contain forward-looking statements that involve risks and uncertainties. Important factors, which could cause actual operating results to differ materially from those in the forward-looking statements, are detailed in filings with the Securities and Exchange Commission made from time to time by the company.

Copies of these filings may be obtained by contacting the company or the SEC. This press release and statements are current as of the date of the individual announcements and the company undertakes no obligation to publicly release any revisions to any forward-looking statement to reflect events or circumstances after the date thereof or to reflect the occurrence of unanticipated events.

Contact:

          Wireless Xcessories Group

          Dan Kenderdine

          800-233-0013 ext. 1404