UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, ~~D.C.~~DC 20549

FORM 8-K

~~June 30,~~CURRENT ~~2006~~REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

~~CURRENT~~Date ~~REPORT~~of Report (Date of earliest event reported): May 31, 2007

PURSUANT TO SECTION 13 OR 15(d) of the SECURITIES EXCHANGE ACT OF 1934

VALENTEC SYSTEMS, INC.

(~~Exact~~EXACT ~~Name~~NAME ofOF ~~Registrant~~REGISTRANT asAS ~~Specified~~SPECIFIED inIN ~~Charter~~ITS CHARTER)

Delaware	0-11454	59-2332857
DELAWARE	0-11454	59-2332857
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)
(State or other jurisdiction incorporation)	(Commission File Number)	(IRS Employer Identification No.)

2629 York Avenue, Minden, LA		71055
(Address of principal executive offices)		(Zip code)

2629 York Avenue
Minden, LA 71055
(Address of Principal Executive Offices)

(318) 382-4574 (Registrant’s telephone number, including area code:)

~~(Former~~Check ~~Name~~the orappropriate ~~Former~~box ~~Address,~~below Ifif ~~Changed~~the ~~Since~~Form ~~Last~~8-K ~~Report~~filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (SEE General Instruction A.2. below):

~~Check~~o Written communications pursuant to Rule 425 under the ~~appropriate~~Securities ~~box~~Act ~~below~~(17 ifCFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the ~~Form~~Exchange 8Act (17 CFR 240.14a-K12) ~~filing~~o isPre-commencement ~~intended~~communications pursuant to ~~simultaneously~~Rule ~~satisfy~~ 14d-2(b) under the ~~filing~~Exchange ~~obligation~~Act of(17 ~~the~~CFR ~~registrant~~240.14d-2(b)) ~~under~~o ~~any~~Pre-commencement ofcommunications pursuant to Rule 13e-4(c) under the ~~following~~Exchange ~~provisions:~~ Act (17 CFR 240.13e-4(c))

~~o Written~~ITEM ~~communications~~1.01. ~~pursuant~~ENTRY toINTO ~~Rule 425~~A ~~under~~MATERIAL ~~the~~DEFINITIVE ~~Securities Act (17 CFR 230~~AGREEMENT.~~425)~~

~~o Soliciting~~ Pursuant ~~material~~to ~~pursuant~~the binding term sheet entered into between Valentec Systems, Inc. and MAST Technology, Inc. (“MAST”) to ~~Rule~~acquire all of the outstanding capital stock of MAST (“Term Sheet”) on January ~~14a~~22, 2007 (“Term Sheet Date”), the parties agreed on May 11, 2007, to extend the period during which the definitive agreements for such a transaction may be executed by additional 90 days, namely 210 days as of the Term Sheet Date. During such extended period the Term Sheet will be binding and MAST and its shareholders shall be bound by a standard no-12shop obligation. If no definitive agreements are executed within such 210-day period, the parties’ obligations under the Term ~~Exchange~~Sheet ~~Act~~will ~~(17~~automatically ~~CFR~~expire ~~240~~unless otherwise extended by mutual written agreement.~~14a-12)~~ All other terms of the Term Sheet shall remain unchanged except to the extent necessary to give effect to the foregoing extension.

~~o Pre~~ Statements in this Current Report on Form 8-~~commencement~~K ~~communications~~that ~~pursuant~~are tonot ~~Rule 14d~~historical, may be deemed forward-~~2(b)~~looking ~~under~~statements within the ~~Exchange~~meaning ~~Act~~of ~~(17~~the ~~CFR~~federal ~~240~~securities laws.~~14d~~ Although the registrants believe the expectations reflected in any forward-~~2(b))~~looking statements are based on reasonable assumptions, the registrants can give no assurance that their expectations will be attained and it is possible that our actual circumstances and results may differ materially from those indicated by these forward-looking statements due to a variety of risks and uncertainties. The registrants undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The reader is directed to the registrants’ various filings with the SEC, including quarterly reports on Form 10-Q, reports on Form 8-K and its annual reports on Form 10-K for a discussion of such risks and uncertainties.

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

ITEM 8.01 OTHER EVENTS

The common stock of Valentec Systems, Inc. (the “Company”) began trading on the Nasdaq-operated Over-the-Counter Bulletin Board (“OTCBB”), when the market opened on Friday, June 30, 2006. The shares of the Company will trade under the ticker symbol “VSYN.OB”.

The OTCBB is a regulated quotation service that displays real-time quotes, last-sale prices and volume information for over-the-counter equity securities. OTC securities are traded by a community of market makers that enter quotes and trade through a sophisticated computer network. Information on the OTCBB can be found at www.otcbb.com.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(~~a) Not applicable. (b) Not applicable. (~~c) Exhibits — None.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, ~~as amended,~~ the ~~Registrant~~ registrant has duly caused this report to be signed on its behalf by the undersigned ~~hereunto~~thereunto duly authorized.

~~Date~~ Dated: ~~July~~May 631, ~~2006~~ 2007

VALENTEC SYSTEMS, INC. By: /s/ Robert A. Zummo Name: Robert A. Zummo Title: President and Chief Executive Officer

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