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): April 30, 2001
                                                          --------------


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


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


                  495 River Street, Paterson, New Jersey 07524
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               (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 April 30, 2001, Sel-Leb Marketing, Inc. (the "Company") issued a
press release announcing the potential delisting of the Company's securities
from Nasdaq. 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
                         April 30, 2001.

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                                    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:  April 30, 2001                                   By: /s/ Jack Koegel
                                                         -------------------
                                                         Name:  Jack Koegel
                                                         Title: Vice Chairman

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                                  Exhibit 99.1

                    SEL-LEB MARKETING, INC. ANNOUNCES RECEIPT
                  OF NOTICE FROM NASDAQ CONCERNING FORM 10-KSB
                     FOR THE PERIOD ENDED DECEMBER 31, 2000


PATERSON,  NJ, APRIL 30, 2001 - Sel-Leb Marketing,  Inc. (Nasdaq:  SELBE), today
announced  that it  received a Nasdaq  Staff  Determination  letter on April 25,
2001,  notifying the Company that,  because it has not filed its Form 10-KSB for
the period  ended  December  31, 2000 as required  by Nasdaq  Marketplace  Rules
4310(c)(14),  the Company's  securities are subject to delisting from the Nasdaq
Small Cap Market.  The Company has requested a hearing before the Nasdaq Listing
Qualifications  Panel  to  review  the  Staff  Determination.  There  can  be no
assurance that the Panel will grant the Company's request for continued listing.

Mr. Hal Markowitz, Chairman of the Board, stated "Unfortunately,  the unexpected
simultaneous  illness  of our two top  financial  officers  left us  temporarily
understaffed  and slowed down our normal year end  internal  audit  process.  We
remedied the  situation and expect to file our annual report by May 11, 2001. We
consider  the  maintenance  of our Nasdaq  listing to be of key  importance  and
intend to take the appropriate measures to ensure that we maintain it."

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  statements  in this  press  release  that are not  historical  facts may be
"forward-looking  statements"  that  relate to plans for  future  activities  or
performance of the Company.  These  statements are only  predictions  and actual
events or results  may differ  materially  and involve  risks and  uncertainties
which are  detailed in the  Company's  reports  filed from time to time with the
Securities and Exchange  Commission,  including the Company's most recent Annual
Report on Form 10-KSB and Quarterly Report on Form 10-QSB.

The Company's headquarters are located at 495 River Street, Paterson, New Jersey
07524.



Contact: Harold Markowitz, Chairman of the Board of Sel-Leb Marketing, Inc.
Telephone: 973-225-9880.



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