UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT PURSUANT ~~TO SECTION 13 OR 15(D) OF THE~~

TO SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of of report (Date of earliest event reported): ~~May~~November 84, 2009

POWERSAFE TECHNOLOGY CORP.

~~--------------------------------------------------------------~~(Exact Name of Registrant as Specified in Its Charter)

~~(Exact name of Registrant as specified in its charter)~~Delaware

Delaware		333-143645		98-0522188
(State or other jurisdiction of incorporation or organization)		(Commission File Number)		(IRS Employer Identification No.)

(State or Other Jurisdiction of Incorporation)

1400 Coney Island Avenue, Brooklyn, NY 11230

333-143645		98-0522188
(Commission File Number)		(IRS Employer Identification No.)

~~(Address~~1400 ofConey ~~principal~~Island ~~executive offices)~~Ave.

~~718-951-8021~~Brooklyn, NY 11230

(Address of Principal Executive Offices, Zip Code)

(718) 951-8021

(Registrant's Telephone Number, Including Area Code)

~~_____________________________~~Not applicable

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(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 (17 CFR 240.14d-2(b))

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

~~- 1~~Section -4. Matters Related to Accountants and Financial Statements

~~Section~~Item 4.01. –Changes ~~Matters~~in ~~Related~~Registrant’s toCertifying ~~Accountants and Financial Statements~~Accountant.

~~Item~~On November 5, 2009, Powersafe Technology Corp. (the “Registrant”) changed its principal independent accountants. On November 4, 2009, Morgenstern, Svoboda & Baer CPA’s P.01C. ~~Changes~~informed inthe Registrant that it no longer plans to perform audits for companies such as the Registrant and resigned as the Registrant’s principal ~~Certifying~~independent ~~Accountant~~accountants. On November 5, 2009 the Registrant retained Acquavella, Chiarelli, Shuster, Berkower & Co., LLP, (“ACSB”) as its principal independent accountants. The decision to retain ACSB was approved by the Registrant’s Board of Directors. Morgenstern, Svoboda & Baer CPA’s P.C. The former partner of Morgenstern, Svoboda & Baer CPA’s P.C. who, to the Registrant’s understanding, had primary responsibility for auditing the Registrant, is now a partner of ACSB.

OnThe Resignation May 8, 2009, Powersafe Technology Corp. (the “Company”) changed its principal independent accountants. On such date, the Company informed Davis Accounting Group P.C. (“Davis”) that it was terminating the services of ~~Davis and retained~~ Morgenstern, Svoboda & Baer, CPA’S,s P.C. ~~(“Morgenstern”) as its principal independent accountants. The decision to change accountants was approved by the Company’s Board of Directors.~~

~~During~~Morgenstern, Svoboda & Baer CPA’s P.C. was the ~~Company~~independent registered public accounting firm for the Registrant’s ~~engagement~~from May 8, 2009 until November 4, 2009. None of Morgenstern, ~~Davis~~Svoboda & Baer CPA’s P.C. reports on the Registrant’s financial statements from May 8, 2009 until November 4, 2009, (ia) ~~there~~contained an adverse opinion or disclaimer of opinion, or (b) was nomodified ~~disagreement~~as ~~with~~to ~~Davis~~uncertainty, onaudit scope, or accounting principles, or (c) contained any ~~matter~~disagreements on any matters of accounting principles or practices, financial statement disclosure, or auditing scope or ~~procedure~~procedures, which ~~disagreement~~disagreements, if not resolved to the satisfaction of ~~Davis~~Morgenstern, Svoboda & Baer CPA’s P.C., would have caused ~~Davis~~ it to make reference to the subject matter of the ~~disagreement~~disagreements in connection with its ~~report~~reports. ~~and~~None ~~(ii)~~of ~~there were~~the ~~no “~~reportable events” ~~(as~~set ~~defined~~forth in Item 304(a)(1)(viv) of Regulation S-K occurred during the period in which Morgenstern, Svoboda & ~~and~~Baer ~~related~~CPA’s ~~instructions)~~P.C. ~~Davis~~served as the Registrant’s principal independent accountants. Morgenstern, Svoboda & Baer CPA’s P.C. did express a concern about the Company’s ability to continue as a going concern for the year ended December 31, 2008.

The ~~Company~~Registrant has provided ~~Davis~~Morgenstern, Svoboda & Baer CPA’s P.C. with a copy of this disclosure and has requested that Morgenstern, Svoboda & Baer CPA’s ~~Davis~~P.C. furnish it with a letter addressed to the U.S. Securities and Exchange Commission stating whether ~~or not~~ it agrees with the above statements, inand ~~the~~if ~~preceding~~not, ~~paragraph~~stating the respects in which it does not agree. A copy of ~~such~~the ~~response~~letter ~~received~~from Morgenstern, bySvoboda ~~the~~& ~~Company~~Baer toCPA’s ~~that~~P.C. ~~request~~addressed ~~will be~~to ~~filed~~the asSecurities anand Exchange ~~amendment~~Commission todated ~~this~~November ~~Form~~11, ~~8-K~~2009 nois ~~later~~filed ~~than~~as ~~two~~Exhibit ~~business~~16.1 ~~days~~to ~~after~~this itCurrent isReport ~~received~~on ~~from~~Form ~~Davis~~8-K.

~~Prior~~The ~~to May~~Engagement ~~8, 2009, the date that Morgenstern was retained as the principal independent accountants~~ of ~~the Company:~~ ACSB

~~(1)~~Prior ~~The~~to ~~Company~~November ~~did~~5, ~~not~~2009, ~~consult with Morgenstern LLP regarding either~~ the ~~application~~date ~~of accounting~~that ~~principles~~ACSB towas aretained ~~specified~~as ~~transaction,~~the ~~either~~principal ~~completed or proposed,~~independent oraccountants ~~the type~~ of ~~audit opinion that might be rendered on~~ the ~~Company’s financial statements;~~Registrant:

(21) The ~~Neither~~Registrant adid ~~written~~not ~~report~~consult ~~nor~~ACSB ~~oral~~regarding ~~advice~~either ~~was provided to~~ the ~~Company~~application byof accounting ~~Morgenstern~~principles ~~that~~to ~~they~~a ~~concluded~~specified ~~was~~transaction, aneither ~~important~~completed ~~factor~~or ~~considered~~proposed, byor the type ~~Company~~of inaudit ~~reaching~~opinion athat ~~decision~~might asbe torendered ~~the~~on ~~accounting,~~Registrant’s ~~auditing or~~ financial ~~reporting issue~~statements; ~~and~~

(32) ~~The~~ ~~Company~~Neither ~~did~~a ~~not~~written ~~consult~~report ~~Morgenstern~~nor ~~regarding~~oral ~~any~~advice ~~matter that~~ was ~~either~~provided to the ~~subject~~ ofRegistrant aby ~~“disagreement”~~ACSB that ~~(as~~they ~~defined~~concluded inwas ~~Item~~an ~~304(a)(1)(iv)~~important offactor ~~Regulation~~considered ~~S-K and~~by the ~~related~~Registrant ~~instructions)~~in reaching ora ~~any~~decision ofas to the ~~reportable~~accounting, ~~events~~auditing ~~set~~or ~~forth~~financial inreporting ~~Item~~issue; ~~304(a)(1)(iv)(B) of Regulation S-K.~~and

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(3) The Registrant did not consult ACSB regarding any matter that was either the subject of a “disagreement” (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) or any of the reportable events set forth in Item 304(a)(1)(v) of Regulation S-K

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.	Description
16.1	Letter, dated November 11, 2009, from Morgenstern, Svoboda & Baer CPA’s P.C. to the Securities and Exchange Commission.

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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.

~~Date: May 20,~~POWERSAFE ~~2009~~TECHNOLOGY CORP

~~POWERSAFE TECHNOLOGY CORP.~~ By. : /s/ Jack Mayer ~~Name: Jack Mayer Title: President~~

~~- 3~~Name: Jack -Mayer

Title: President and Chief Executive Officer

Date: November 11, 2009

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