UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D)

TOOF ~~SECTION~~THE SECURITIES 13EXCHANGE ORACT ~~15(D)~~ OF ~~THE~~1934

~~SECURITIES~~Date ~~EXCHANGE~~of report ~~ACT~~(Date OFof ~~1934~~earliest event reported): April 17, 2007

~~Date~~ENERGTEK ~~of report (Date of earliest event reported): May 24, 2006~~INC.

ELDERWATCH, INC.

(Exact Name of Registrant as Specified in Its Charter)

~~Florida~~ Nevada

(State or Other Jurisdiction of Incorporation)

0-51249 (Commission File Number) 65-0891381 (IRS Employer Identification No.)

000-51249	42-1708652
(Commission File Number)	(IRS Employer Identification No.)

~~11731~~26 ~~Briarwood~~East Hawthorne ~~Circle, #1~~Avenue

~~Boynton~~Valley ~~Beach~~Stream, FLNY ~~33457~~11580

(Address of Principal Executive Offices, Zip Code)

(~~561~~516) ~~740~~887-~~0103~~8200

(Registrant's Telephone Number, Including Area Code)

-----------------------------------------------------------------------

(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):

~~|_|~~o Written ~~Written~~ communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

~~|_|~~o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

~~|_|~~ o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

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

- 1 -

Section 51 -~~Corporate~~ ~~Governance~~Registrant’s Business and ~~Management~~Operations

Item 51.01 ~~Changes~~Entry ininto ~~Control~~a ofMaterial ~~Registrant.~~Definitive Agreement

OnUkcyl ~~May 24~~Ltd., ~~2006,~~a ~~Allan~~Ukrainian ~~Weiss,~~limited ~~the~~liability ~~principal~~company, ~~shareholder~~is ~~and~~a ~~President~~wholly-owned ~~and~~subsidiary ~~Chief~~of ~~Executive~~Primecyl ~~Officer~~LLC, which is a wholly-owned subsidiary of ~~Elderwatch,~~Energtek Inc. ~~(the~~On ~~“Company”)~~April 17, 2007, Ukcyl Ltd. entered into a Purchase ~~and~~ ~~Sale~~ Agreement ~~which~~with ~~provided,~~Pavlograd ~~among~~Plant ~~other~~for Technological ~~things~~Equipment, ~~for~~a Ukrainian limited liability company (“Pavlograd”). ~~the sale~~Pursuant ofto 4such agreement,~~537,500~~ ~~shares~~Pavlograd ofagreed ~~common~~to ~~stock~~sell ofto ~~the~~Ukcyl ~~Company~~Ltd. certain ~~(the “Purchased~~machinery. ~~Shares”)~~The toaggregate ~~the~~purchase ~~buyers~~price ~~listed~~to inbe ~~such~~paid ~~Purchase~~by ~~and~~Ukcyl ~~Sale~~Ltd. ~~Agreement~~to Pavlograd ~~(the~~for ~~“Purchase~~such ~~Transaction”).~~machinery ~~The~~is ~~Purchased~~approximately ~~Shares~~$343,000. ~~represent~~Such anpurchase ~~aggregate~~price ofwill ~~58%~~be paid ofas ~~the~~follows: ~~issued~~$160,000 ~~and~~is ~~outstanding~~to ~~share~~be ~~capital~~paid ofin the ~~Company~~period onApril ~~a fully~~-~~diluted~~ June 30, 2007, and ~~basis.~~an ~~The Purchased~~additional ~~Shares~~$183,000 ~~were~~is ~~purchased~~to bybe ~~twenty~~paid ~~three~~in ~~unaffiliated~~the ~~foreign~~period ~~persons~~July - December 2007. Pursuant ~~and entities.~~to ~~The~~such ~~source~~agreement, ofUkcyl ~~the~~Ltd. ~~cash~~has ~~consideration~~an ~~for~~option ~~the~~to ~~Purchased~~order ~~Shares~~additional ~~was~~machinery at ~~the~~a ~~buyers’~~purchase ~~personal~~price ~~funds~~equal to $220,000.

~~There~~Ukcyl ~~are~~Ltd nohas ~~arrangements~~undertaken ~~or understandings among members of both~~ the ~~former~~following ~~and new control group and their associates with respect to the election of directors of the Company or other matters.~~obligations:

~~Item 5~~1.02 ~~Departure~~To ofperform ~~Directors~~timely orpayments ~~Principal~~in ~~Officers;~~accordance ~~Election~~with ofthe ~~Directors~~agreement; ~~Appointment of Principal Officers.~~

~~Effective as~~2. ofIn ~~May~~case ~~24,~~of ~~2006,~~default inof ~~connection~~timely ~~with~~payments ~~the~~for ~~closing~~more ofthan ~~the~~5 ~~Purchase Transaction~~days, ~~(i)~~ ~~Allan~~to ~~Weiss,~~pay ~~resigned~~a ~~from~~penalty ~~all~~that ofis ~~his~~presently ~~positions~~approximately as0.06% ~~director and officer~~ of the ~~Company,~~amount ~~(ii)~~in ~~Brant~~default E.per ~~Hodyno,~~each ~~resigned~~day ~~from~~that ~~his~~such ~~positions~~default ascontinues ~~officer of the Company and~~ (~~iii)~~This ~~the~~rate ~~Board~~may ofvary ~~Directors~~according ~~of the Company elected Doron Uziel~~ to ~~serve~~ as a ~~director~~reference ~~and~~rate aspublished ~~President,~~by ~~Chief~~the ~~Executive~~National ~~Officer,~~Bank ~~Chief Financial Officer, and Chief Accounting Officer~~ of ~~the Company~~Ukraine.);

~~In addition, Brant E~~3. ~~Hodyno~~To ~~will~~supply ~~resign~~2 ~~from~~pipes ~~the Company’s Board~~ (of ~~Directors effective~~22 ~~ten~~- ~~days~~25 ~~after~~meters ~~the~~each) ~~delivery~~for to the ~~shareholders~~tests of the ~~Company~~machines ~~of an Information~~to ~~Statement~~take ~~pursuant~~place toin ~~Rule~~the ~~14f-1.~~plant of Pavlograd;

~~There are no~~4. ~~family~~To ~~relationships~~prepare ~~among~~ the ~~directors~~required ofinfrastructure ~~the~~for ~~Company.~~installation ~~Each of the~~and ~~directors~~start-up of the ~~Company~~machines ~~holds~~on ~~or will hold office until~~ the ~~next~~plant ~~annual meeting~~ of ~~shareholders~~Ukcyl ~~or until their successors have been duly elected and qualified~~Ltd. ~~The following~~(according isto ~~a brief account of~~ the ~~education~~detailed ~~and~~technical ~~business~~description ~~experience~~provided ofby ~~Doron Uziel during the past five years, and any other directorships held in reporting companies.~~Pavlograd);

Doron Uziel, age 35, became a director and the President, Chief Executive Officer, Chief Financial Officer, and Chief Accounting Officer of the Company as of the close of business on May 24, 20065. ~~Since 2005~~To ~~until~~receive the ~~present,~~machines ~~Mr.~~from ~~Uziel~~Pavlograd ~~has~~not ~~been~~later ~~employed~~then ~~by TraceGuard~~10 ~~Technologies~~days ~~Inc.,~~from ~~a public company engaged in~~ the ~~development~~written ~~of homeland~~notice ~~security~~that ~~technology ("TraceGuard"). Mr. Uziel has been employed by TraceGuard as~~ the ~~assistant~~equipment tois ~~the~~ready; ~~CFO. In such position, he assists TraceGuard in raising funds through public~~ and private placements, prepares its financial statements and SEC filings, manages its financial matters and prepares and controls its annual budget. From 2004 until 2005, Mr. Uziel was employed by the Israeli Defense Forces as a strategic consultant, and from 1999 until 2003, he was employed by Minibit Insurance Agency Ltd., as the head of economic planning. Mr. Uziel received an MA in Economics from Tel Aviv University in 1997 and a BA in Economics from Tel Aviv University in 1992.

~~-2-~~6. To transport the machines to the plant of Ukcyl Ltd. Ukcyl Ltd. is responsible for the machinery after receiving it on the plant of Pavlograd.

~~Currently~~Section ~~there~~8 ~~are~~- noOther employment agreements or arrangements between the Company and Doron Uziel. There is no transaction during the last two years, or any proposed transactions, to which the Company was or is a party with Doron Uziel or any members his immediate family.Events

Item 8.01 Other Events

The disclosure set forth above under Item 1.01 (Entry into a Material Definitive Agreement) is hereby incorporated by reference into this Item 8.01.

Energtek Inc. has determined to lend to its wholly-owned subsidiary, Primecyl LLC, approximately $310,000 during April-May 2007. Such funds will be used by Primecyl LLC for the purpose of paying the purchase price of the machinery purchased by Ukcyl Ltd. pursuant to Purchase Agreement described above under Item 1.01, for the purchase of additional assets, and for the payment of operating expenses and other expenses incurred in the development of the business of Primecyl LLC and Ukcyl Ltd. In addition, Energtek Inc. has determined to allocate an additional $183,000 to be lent to Primecyl LLC during July - December 2007 for the payment of the amounts due under the Purchase Agreement.

- 2 -

SIGNATURES

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.

ELDERWATCH, INC. By: /s/ Doron Uziel Name: Doron Uziel Title: President, Chief Executive Officer, Chief Financial Officer, and Chief Accounting Officer


	ENERGTEK INC.

Date: April 23, 2007	By:	/s/ Doron Uziel
		Name: Doron Uziel
		Title: President, Chief Executive Officer, Chief Financial Officer, and Chief Accounting Officer

~~Date:~~- ~~May 31,~~ 3 ~~2006~~-

-3-

Filing Compare · Energtek Inc