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 report (Date of earliest event reported): ~~June~~November 284, ~~2010~~20010

POWERSAFE TECHNOLOGY CORP.

(Exact ~~name~~Name of Registrant as ~~specified~~Specified in ~~its~~Its ~~charter~~Charter)

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

Delaware

~~1400~~(State ~~Coney~~or ~~Island~~Other ~~Avenue,~~Jurisdiction ~~Brooklyn,~~of ~~NY 11230~~Incorporation)

(Address of principal executive offices)

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

1400 Coney Island Ave.

Brooklyn, NY 11230

(Address of Principal Executive Offices, Zip Code)

718-951-8021

(Registrant's Telephone Number, Including Area Code)

Not applicable

(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 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))

~~Item~~Section 75.~~01 Regulation~~ FDCorporate ~~Disclosure.~~Governance and Management

~~The disclosures set forth below under~~ Item 85.0102. ~~(Other~~Departure ~~Events)~~of ~~are~~Directors ~~hereby~~or ~~incorporated~~Principal byOfficers; ~~reference~~Election ~~into~~of ~~this~~Directors; ~~Item~~Appointment 7of Principal Officers.~~01.~~

~~Limitation~~Effective as of November 4, 2010, the Board of Directors (the “Board”) of Amplification Technologies, Inc. (“ATI”), a wholly owned subsidiary of Powersafe Technology Corp. (the “Registrant”), appointed Mikhail Leibov as the Chief Executive Officer of ATI. In consideration for the services to be rendered, ATI has agreed to compensate Mr. Leibov with an annual salary of $225,000, and issue him 7,254,930 restricted shares of the Registrant’s common stock, such shares to vest 25% immediately, and 25% each on ~~Incorporation~~May by1, ~~Reference~~2011, November 1, 2011, and May 1, 2012.

InMikhail ~~accordance~~Leibov ~~with~~is ~~General~~currently ~~Instruction~~serving ~~B.2~~as ofa ~~Form~~director ~~8-K,~~and ~~the~~consultant ~~information~~of inthe ~~this Item 7~~Registrant.01 isFrom ~~being~~1995 ~~furnished~~to ~~for~~2007 ~~informational~~Mr. ~~purposes~~Leibov ~~only~~founded and ~~shall~~was ~~not~~the beCEO ~~deemed~~and ~~“filed”~~Chairman ~~for purposes~~ of ~~Section~~the 18Board of ~~the~~Corbina ~~Exchange Act~~Telecom, orone ~~otherwise~~of ~~subject to~~ the ~~liabilities~~largest oftelecom ~~that~~carriers ~~section~~in Russia, ~~nor~~providing ~~shall~~a ~~such~~wide ~~information~~range beof ~~deemed~~telecommunications ~~incorporated~~services. byHe ~~reference~~was inChairman ~~any~~and ~~filing~~President ~~under the Securities Act~~ of ~~1933,~~IDT asTelecom ~~amended,~~from ~~except~~December as2006 ~~otherwise~~through ~~expressly~~April ~~stated in such filing~~2008. ~~The~~Thereafter ~~filing~~he ofwas ~~this~~a ~~Form~~board ~~8-K~~member ~~shall~~of ~~not~~and beconsultant ~~deemed an admission as~~ to ~~the~~a ~~materiality~~number of ~~any~~technology ~~information~~ventures ~~herein~~including ~~that~~Registrant, isand ~~required~~became toPresident beof ~~disclosed~~Laser ~~solely~~Operations byLLC ~~Regulation~~in FD2009.

~~Item~~Section 8.01 Other Events.

OnItem ~~June 28, 2010 Powersafe Technology Corp~~8., a Delaware corporation (the “Company”) received the compiled financial statements for the years ended December 31, 2008 and December 31, 2007 for its wholly-owned subsidiary Amplification Technologies Inc, a Delaware corporation (“ATI”) which was acquired by the Company in February 200901. ~~The~~ ~~Company~~Other ~~is working diligently to bring its financial information current.~~Events

~~Section~~The ~~9-Financial~~Registrant ~~Statements~~had 4,363,200 warrants outstanding exercisable at $0.125 that expired on November 5, 2010. Pursuant to cashless exercise provisions 3,303,900 warrants were exercised causing the issuance of 513,993 shares of common stock, and ~~Exhibits~~the remaining warrants expired unexercised. No warrants were exercised for cash.

~~Item~~On 9November 5, 2010, the Registrant issued a press release regarding the appointment of Mikhail Leibov as Chief Executive Officer of ATI.~~01 Financial~~ ~~Statements~~A copy of the press release is being furnished to the Securities and ~~Exhibits~~Exchange Commission and is attached as Exhibit 99.1 to this Form 8-K.

~~(a)~~Section ~~Exhibit 99~~9.1 Financial Statements and Exhibits

~~Unaudited~~Item 9.01. Financial ~~Information.~~Statements and Exhibits

~~Balance~~(a) ~~Sheet~~Financial Statements of business acquired. Not applicable

~~Statement~~(b) ofPro ~~Income~~forma financial information Not applicable

~~Statement~~(c) ~~of Change in Stockholders’ Equity~~Exhibits:

~~Statement~~Exhibit of99.1 ~~Change~~Press inRelease ~~Cash~~dated ~~Flow~~November 5, 2010

Notes

(b) Pro forma financial information. Not applicable

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: June 30, 2010

	POWERSAFE TECHNOLOGY CORP.

	By:	/s/ Jack N. Mayer
		Name : Jack N. Mayer
		Title : President
Date: December 1, 2010

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

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