UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): March 6, 2001

DIVERSIFIED PRODUCT INSPECTIONS, INC.

(Exact name of registrant as specified in its charter)

               Florida                 000-25429                65-0832025
------------------------------      ----------------        --------------------
(State or other jurisdiction          (Commission            (IRS Employer
   of incorporation)                  file number)           Identification No.)

3 Main Street
Oak Ridge, TN                                                     37830
-----------------------------------------                     ---------------
(Address of principal executive offices)                        (Zip Code)

Registrant's telephone number, including area code:

FAIRFAX GROUP, INC.
6758 N. Military Trail, Suite 303
West Palm Beach, FL 33407
(561) 840-9100
(Former name or former address, if changes since last report)

Copy of Communications to:
Donald F. Mintmire
Mintmire & Associates
265 Sunrise Avenue, Suite 204
Palm Beach, FL 33480
(561) 832-5696


ITEM 5. OTHER EVENTS.

On March 6, 2001, FAIRFAX GROUP, INC. (the "Company"), a Florida corporation, and DIVERSIFIED PRODUCT INVESTIGATIONS, INC., a Florida corporation, and the individual holders of the outstanding capital stock of DIVERSIFIED PRODUCT INVESTIGATIONS, INC. (the "Holders") consummated a reverse acquisition (the "Reorganization") pursuant to a certain Share Exchange Agreement ("Agreement") of such date. Pursuant to the Agreement, the Holders tendered to the Company all issued and outstanding shares of common stock of DIVERSIFIED PRODUCT INVESTIGATIONS, INC. in exchange for 10,327,420 Shares of common stock of the Company. The reorganization is being accounted for as a reverse acquisition.

Simultaneously with the closing of the Reorganization, the then officer and director of the Company tendered his resignation in accordance with the terms of the Agreement. John Van Zyll, Ann M. Furlong, Marvin Stacy, Dean Madden and David Dowell were elected to serve on the Board of Directors of the Company (the "Board"). The Board subsequently appointed John Van Zyll as Chairman of the Board, President and Chief Executive Officer; Ann M. Furlong as Secretary; Dean Madden as Chief Financial Officer and Treasurer; and Marvin Stacy as Chief Operating Officer of the Company.

The Company also announced approval of the amendment of its Articles of Incorporation in order to change the name of the Company from FAIRFAX GROUP, INC. to DIVERSIFIED PRODUCT INSPECTIONS, INC. Total issued and outstanding stock following the forward split and after effecting the Share Exchange Agreement is 12,277,420.

Copies of the Agreement are filed herewith as Exhibit 2.1, and are incorporated herein by reference. The foregoing descriptions are qualified in their entirety by reference to the full text of such agreements.

ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS

(a) Financial statements of business acquired.

(1) Financial statements of DIVERSIFIED PRODUCT INVESTIGATIONS, INC., a Florida corporation, will be filed by amendment to this Form 8-K not later than sixty (60) days from the filing of this report.

(d) Pro forma financial information.

(2) Pro forma financial information regarding the Reorganization will be filed by amendment to this Form 8-K not later than sixty (60) days from the filing of this report.

(c) Exhibits

2.1 Share Exchange Agreement between FAIRFAX GROUP, INC. and DIVERSIFIED PRODUCT INVESTIGATIONS, INC. dated March 6, 2001.


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

FAIRFAX GROUP, INC.
(Registrant)

Date:    March 6, 2001      By:   /s/ John Van Zyll
                              --------------------------------
                              John Van Zyll
                              Chairman of the Board and President


EXHIBIT 2.1

THE SECURITIES WHICH ARE THE SUBJECT OF THIS AGREEMENT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE "1933 ACT"), NOR REGISTERED UNDER ANY STATE SECURITIES LAW, AND ARE "RESTRICTED SECURITIES" AS THAT TERM IS DEFINED IN RULE 144 UNDER THE 1933 ACT. THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD OR OTHERWISE TRANS FERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE 1933 ACT, OR PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE 1933 ACT, THE AVAILABILITY OF WHICH IS TO BE ESTABLISHED TO THE SATISFACTION OF THE COMPANY.

AGREEMENT FOR THE EXCHANGE OF COMMON STOCK

AGREEMENT made this 6th day of March 2001, by and between FAIRFAX GROUP, INC., a Florida corporation, (the "ISSUER") and for the benefit of the individual shareholders, (the "SHAREHOLDERS"), which SHAREHOLDERS own of all the issued and outstanding shares of DIVERSIFIED PRODUCT INVESTIGATIONS, INC. a Florida corporation. ("DPI")

In consideration of the mutual promises, covenants, and representations contained herein, and other good and valuable consideration,

THE PARTIES HERETO AGREE AS FOLLOWS:

1. EXCHANGE OF SECURITIES. Subject to the terms and conditions of this Agreement, ISSUER agrees to issue to SHAREHOLDERS, a total of 10,327,420 shares of the common stock of ISSUER, $0.01 par value (the "Shares"), in exchange for the issued and outstanding shares of DPI, such that DPI shall become a wholly owned subsidiary of the ISSUER.

2. REPRESENTATIONS AND WARRANTIES. ISSUER represents and warrants to SHAREHOLDERS and DPI the following:

i. Organization. ISSUER is a corporation duly organized, validly existing, and in good standing under the laws of Florida, and has all necessary corporate powers to own properties and carry on a business, and is duly qualified to do business and is in good standing in Florida. All actions taken by the Incorporators, directors and shareholders of ISSUER have been valid and in accordance with the laws of the State of Florida.

ii. Capital. The authorized capital stock of ISSUER consists of 50,000,000 shares of common stock, $0.01 par value, of which 16,150,000 are issued and outstanding. All outstanding shares are fully paid and nonassessable, free of liens, encumbrances, options, restrictions (with the exception of Rule 144 requirements) and legal or equitable rights of others not a party to this Agreement. Following this closing, there shall be a total of 12,277,420 shares of common stock of ISSUER issued and outstanding and there will be no outstanding subscriptions, options, rights, warrants, convertible securities, or other agreements or commitments obligating ISSUER to issue or to transfer from treasury any additional shares of its capital stock. None of the outstanding shares of ISSUER are subject to any stock restriction agreements. All of the shareholders of ISSUER have valid title to such shares and acquired their shares in a lawful transaction and in accordance with the laws of Florida.


iii. Financial Statements. The financial statements of the Company have been prepared in accordance with generally accepted accounting principles consistently followed by ISSUER throughout the periods indicated, and fairly present the financial position of ISSUER as of the date of the balance sheet and the financial statements, and the results of its operations for the periods indicated. ISSUER is current in its filings with the Securities and Exchange Commission.

iv. Absence of Changes. Since the date of the financial statements filed with the Securities and Exchange Commission, there has not been any change in the financial condition or operations of ISSUER, except changes in the ordinary course of business, which changes have not in the aggregate been materially adverse.

v. Liabilities. ISSUER does not have any debt, liability, or obligation of any nature, whether accrued, absolute, contingent, or otherwise, and whether due or to become due, that is not reflected on the ISSUERS' financial statement. ISSUER is not aware of any pending, threatened or asserted claims, lawsuits or contingencies involving ISSUER or its common stock. There is no dispute of any kind between the ISSUER and any third party, and no such dispute will exist at the closing of this Agreement. At closing, ISSUER will be free from any and all liabilities, liens, claims and/or commitments.

vi. Ability to Carry Out Obligations. ISSUER has the right, power, and authority to enter into and perform its obligations under this Agreement. The execution and delivery of this Agreement by Issuer and the performance by ISSUER of its obligations hereunder will not cause, constitute, or conflict with or result in (a) any breach or violation or any of the provisions of or constitute a default under any license, indenture, mortgage, charter, instrument, articles of incorporation, bylaw, or other agreement or instrument to which ISSUER or its shareholders are a party, or by which they may be bound, nor will any consents or authorizations of any party other than those hereto be required, (b) an event that would cause ISSUER to be liable to any party, or (c) an event that would result in the creation or imposition or any lien, charge or encumbrance on any asset of ISSUER or upon the securities of ISSUER to be acquired by SHAREHOLDERS.

vii. Full Disclosure. None of the representations and warranties made by the ISSUER, or in any certificate or memorandum furnished or to be furnished by the ISSUER, contains or will contain any untrue statement of a material fact, or omit any material fact the omission of which would be misleading.

viii. Contract and Leases. ISSUER is not currently carrying on on any business and is not a party to any contract, agreement or lease. No person holds a power of attorney from ISSUER.

ix. Compliance with Laws. ISSUER has complied with, and is not in violation of any federal, state, or local statute, law, and/or regulation pertaining to ISSUER. ISSUER has complied with all federal and state securities laws in connection with the issuance, sale and distribution of its securities.

x. Litigation. ISSUER is not (and has not been) a party to any suit, action, arbitration, or legal, administrative, or other proceeding, or pending governmental investigation. To the best knowledge of the ISSUER, there is no basis for any such action or proceeding and no such action or proceeding is threatened against ISSUER and ISSUER is not subject to or in default with


respect to any order, writ, injunction, or decree of any federal, state, local, or foreign court, department, agency, or instrumentality.

xi. Conduct of Business. Prior to the closing, ISSUER shall conduct its business in the normal course, and shall not (1) sell, pledge, or assign any assets (2) amend its Articles of Incorporation or Bylaws, (3) declare dividends, redeem or sell stock or other securities, (4) incur any liabilities,
(5) acquire or dispose of any assets, enter into any contract, guarantee obligations of any third party, or (6) enter into any other transaction.

xii. Documents. All minutes, consents or other documents pertaining to ISSUER to be delivered at closing shall be valid and in accordance with the laws of Florida.

xiv. Title. The Shares to be issued to SHAREHOLDERS will be, at closing, free and clear of all liens, security interests, pledges, charges, claims, encumbrances and restrictions of any kind, shall be issued pursuant to Regulation D, Section 506 and 4(2)of the Act and shall bear a Rule 144 legend. None of such Shares are or will be subject to any voting trust or agreement. No person holds or has the right to receive any proxy or similar instrument with respect to such shares, except as provided in this Agreement, the ISSUER is not a party to any agreement which offers or grants to any person the right to purchase or acquire any of the securities to be issued to SHAREHOLDERS. There is no applicable local, state or federal law, rule, regulation, or decree which would, as a result of the issuance of the Shares to SHAREHOLDERS, impair, restrict or delay SHAREHOLDERS' voting rights with respect to the Shares.

3. SHAREHOLDERS and DPI represent and warrant to ISSUER the following:

i. Organization. DPI is a corporation duly organized, validly existing, and in good standing under the laws of Florida, has all necessary corporate powers to own properties and carry on a business, and is duly qualified to do business and is in good standing in Florida. All actions taken by the Incorporators, directors and shareholders of DPI have been valid and in accordance with the laws of Florida.

ii. Shareholders and Issued Stock. Exhibit A annexed hereto sets forth the names and share holdings of 100% of DPI shareholders.

iii. General Obligations. Following the closing, ISSUER shall comply with applicable federal and state securities laws.

iv. Counsel. SHAREHOLDERS and DPI represent and warrant that prior to Closing, that they are represented by independent counsel or have had the opportunity to retain independent counsel to represent them in this transaction.

4. INVESTMENT INTENT. SHAREHOLDERS agree that the shares being issued pursuant to this Agreement may be sold, pledged, assigned, hypothecate or otherwise transferred, with or without consideration (a "Transfer"), only pursuant to an effective registration statement under the Act, or pursuant to an exemption from registration under the Act, the availability of which is to be established to the satisfaction of ISSUER. SHAREHOLDERS agree, prior to any transfer, to give written notice to ISSUER expressing his desire to effect the transfer and describing the proposed transfer.


5. CLOSING. The closing of this transaction shall take place at the offices of the Company.

6. DOCUMENTS TO BE DELIVERED AT CLOSING.

i. By the ISSUER

(1) Board of Directors Minutes authorizing the issuance of a certificate or certificates for 10,327,420 Shares, registered in the names of the SHAREHOLDERS equal to their pro-rata holdings in DPI. All certificates shall be delivered promptly after closing.

(2) The resignation of all officers of ISSUER.

(3) A Board of Directors resolution appointing such person as SHAREHOLDERS designate as a director(s) of ISSUER.

(4) The resignation of all the directors of ISSUER, except that of SHARE HOLDER'S designee, dated subsequent to the resolution described in 3, above.

(5) Current SEC filings of the ISSUER, which shall include a current balance sheet and statements of operations, stockholders equity and cash flows for the twelve month period then ended.

(6) All of the business and corporate records of ISSUER, including but not limited to correspondence files, bank statements, checkbooks, savings account books, minutes of shareholder and directors meetings, financial statements, shareholder listings, stock transfer records, agreements and contracts.

(7) Such other minutes of ISSUER's shareholders or directors as may reasonably be required by SHAREHOLDERS.

(8) An Opinion Letter from ISSUER's Attorney attesting to the validity and condition of the ISSUER.

ii. By SHAREHOLDERS AND DPI:

(1) Delivery to the ISSUER, or to its Transfer Agent, a Resolution cancelling the issued and outstanding stock of DPI.

(2) Consents signed by John Van Zyll, Marvin Stacy and Ann Furlong consenting to the terms of this Agreement.

7. REMEDIES.

i. Arbitration. Any controversy or claim arising out of, or relating to, this Agreement, or the making, performance, or interpretation thereof, shall be settled by arbitration in Oak Ridge, Tennessee in accordance with the Rules of the American Arbitration Association then existing, and judgment on the arbitration award may be entered in any court having jurisdiction over the subject matter of the controversy.


8. MISCELLANEOUS.

i. Captions and Headings. The Article and paragraph headings throughout this Agreement are for convenience and reference only, and shall in no way be deemed to define, limit, or add to the meaning of any provision of this Agreement.

ii. No oral change. This Agreement and any provision hereof, may not be waived, changed, modified, or discharged orally, but only by an agreement in writing signed by the party against whom enforcement of any waiver, change, modification, or discharge is sought.

iii. Non Waiver. Except as otherwise provided herein, no waiver of any covenant, condition, or provision of this Agreement shall be deemed to have been made unless expressly in writing and signed by the party against whom such waiver is charged; and (I) the failure of any party to insist in any one or more cases upon the performance of any of the provisions, covenants, or conditions of this Agreement or to exercise any option herein contained shall not be construed as a waiver or relinquishment for the future of any such provisions, covenants, or conditions, (ii) the acceptance of performance of anything required by this Agreement to be performed with knowledge of the breach or failure of a covenant, condition, or provision hereof shall not be deemed a waiver of such breach or failure, and (iii) no waiver by any party of one breach by another party shall be construed as a waiver with respect to any other or subsequent breach.

iv. Time of Essence. Time is of the essence of this Agreement and of each and every provision hereof.

v. Entire Agreement. This Agreement contains the entire Agreement and understanding between the parties hereto, and supersedes all prior agreements and understandings.

vi. Counterparts. This Agreement may be executed simultaneously in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

vii. Notices. All notices, requests, demands, and other communications under this Agreement shall be in writing and shall be deemed to have been duly given on the date of service if served personally on the party to whom notice is to be given, or on the third day after mailing if mailed to the party to whom notice is to be given, by first class mail, registered or certified, postage prepaid, and properly addressed, and by fax, as follows:

ISSUER:          Donald F. Mintmire, Esq.
                 Mintmire & Associates
                 265 Sunrise Avenue
                 Suite 204
                 Palm Beach, FL 33480
                 Phone: (561) 832-5696
                 Fax:     (561) 659-5371

DPI:             Lisa Temple, Esq.
                 Wimberly Lawson & Seale, PLLC
                 Bank of America Center
                 550 Main Avenue Suite 601
                 P.O. Box 2231
                 Knoxville, TN 37901-2231
                 Phone: (865) 546-1000
                 Fax: (865) 546-1001

         IN WITNESS  WHEREOF,  the  undersigned has executed this Agreement this

6th day of March 2001.

FAIRFAX GROUP, INC.

         /s/ Charles Adams
By:      ____________________________________
         Charles Adams, Sole Officer and Director

DIVERSIFIED PRODUCT
INVESTIGATIONS, INC.

         /s/ John Van Zyll
By:      ___________________________________
         John Van Zyll, President and CEO