Company Update

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): 07/02/2004 RELIABILITY INC (Exact Name of Registrant as Specified in its Charter) Commission File Number: 0-7092 TX 75-0868913 (State or Other Jurisdiction of (I.R.S. Employer Incorporation or Organization) Identification No.) P.O. Box 218370 Houston, TX 77218-8370 (Address of Principal Executive Offices, Including Zip Code) 281-492-0550 ext.203 (Registrant’s Telephone Number, Including Area Code) Items to be Included in this Report Item 5. Other events and Regulation FD Disclosure The following information is being reported under Item 5 of Form 8-K: Press release, dated July 2, 2004, by Reliability Incorporated ("the Company") announcing delisting from Nasdaq National Market and application for listing on Nasdaq SmallCap Market. Signature(s) 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. RELIABILITY INC Date: July 02, 2004. By: /s/ Carl V. Schmidt Carl V. Schmidt Chief Financial Officer, Secretary and Treasurer Exhibit Index Exhibit No. Description EX-99.1 Press release dated July 2, 2004