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 3, 2007 (October 3, 2007)

                        Ace Marketing & Promotions, Inc.
             (Exact name of registrant as specified in its charter)

                                    New York
            (State or jurisdiction of incorporation or organization)

                            (Commission File Number)

                     (I.R.S. Employer Identification Number)

                  457 Rockaway Avenue, Valley Stream, NY 11582
               (Address of principal executive offices (Zip Code)

                  Registrant's telephone number: (516) 256-7766

          (Former name or former address, if changed since last report)

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):

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

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

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

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

Item 7.01 Regulation FD Disclosure.

         Reference is made to the press release appended hereto as Exhibit 99.1.

Item 8.01 Other Events.

         Ace Marketing & Promotions, Inc., a premier Promotional Marketing
solutions company, (OTCBB: AMKT) announces its new Corporate Overview, which is
available at http://www.acemarketing.net on the "About Us" tab. In addition the
company has also added several new revenue stream models. The long-term
strategic plan is for the Company to find new opportunities while leveraging its
core competencies.

         The Company has built its business around the concept of high quality
innovative branded merchandise, competitive pricing, and consistently superior
customer service. Its operational platform, using top-line technology, is
designed for economies of scale and ensures superior relations with major
industry suppliers. The platform also provides superior support to an expanding
team of experienced, well-connected salespeople who are key to acquiring new

         We believe the major advantage Ace holds over most companies in the
promotional product industry is the ability to provide integrated business
solutions to its customers as trusted advisors. The majority of companies in the
promotional product industry offer only branded merchandise, whereas, Ace offers
solutions in:

1.       Branded Merchandise

2.       Importing

3.       Incentive / Rewards programs

4.       Printing / Forms Management

5.       Fulfillment / Warehousing

6.       E-commerce / Website Design

7.       Database Management / Integrated Marketing Solutions

         The ability to offer multiple solutions and integrate them is what
separates Ace from the average promotional product distributor. Where nearly all
of the competition continues to be viewed as commodity based "order takers", our
solutions based services deepen the relationship with our clients as our sales
consultants become trusted advisors and Ace becomes a valued business partner.
By offering more services and solutions to their customers, potential
acquisitions and new recruits will have the ability to expand their present
business by simply making the move to Ace. Upon integrating their client base
into our system they too become trusted advisors that provide integrated
business solutions instead of a commodity based promotional product salesperson.
See Exhibit 99.1 for the Press Release regarding the foregoing new corporate

Item 9.01 Financial Statements and Exhibits.


99.1   Press Release dated October 3, 2007 regarding the new corporate overview.


Pursuant to the requirements of Section 13 or 15(b) 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.

                                        ACE MARKETING & PROMOTIONS, INC.

Dated:  October 3, 2007                 By: /s/ Michael D. Trepeta
                                        Michael D. Trepeta, President