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  <TITLE> DataWave Systems Inc. (Form: 8-K) </TITLE>
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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	December 14, 2006
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  	DataWave Systems Inc.
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	Delaware
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  	000-26698
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  	98-0186455
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
  	(I.R.S. Employer
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	Wayne Interchange Plaza One, 145 Route 46 West, 3rd Floor, Wayne, New Jersey
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  	07470
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  _________________________________<BR>
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  ___________<BR>
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  	Registrant&#146;s telephone number, including area code:
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  	(973) 774-5000
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  	Not Applicable
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><P><FONT SIZE="2">
  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:</FONT>
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  [&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  <B>
  	Item 8.01 Other Events.
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  DataWave Systems Inc. ("DataWave") announced that at its annual stockholders&#x2019; meeting, held on December 14, 2006 at DataWave&#x2019;s principal operating office located at 13575 Commerce Parkway, Suite 110, Richmond, British Columbia, Canada, at the hour of 10:00 a.m. (local time in Richmond, B.C.), the stockholders of DataWave approved the proposed acquisition of DataWave by InComm Holdings, Inc. ("InComm") in an all-cash merger transaction. <br><br>Under the terms of the approved merger transaction, InComm will acquire DataWave, which will become a wholly owned subsidiary of InComm, and DataWave will cease to be a public company and its stock will no longer be publicly traded.  Closing of the merger transaction is subject to satisfaction of other closing conditions, and is currently anticipated to occur on January 2, 2007.<br><br>
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  	SIGNATURES
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  	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.
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  	DataWave Systems Inc.
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  <I>
  	December 14, 2006
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  	By:
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  	/s/ John Gunn
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  <I>
  	Name: John Gunn
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  	Title: General Manager and Chief Financial Officer
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_17037.htm", "description": "LIVE FILING", "secsgml_size_bytes": 9086}]
metadata_filer: {"company-data": {"conformed-name": "DATAWAVE SYSTEMS INC", "cik": "0001000157", "assigned-sic": "4812", "irs-number": "980186455", "state-of-incorporation": "DE", "fiscal-year-end": "0331"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-26698", "film-number": "061278377"}, "business-address": {"street1": "13575 COMMERCE PARKWAY", "street2": "SUITE 110", "city": "RICHMOND", "state": "A1", "zip": "V6V 2L1", "phone": "6042951800"}, "mail-address": {"street1": "13575 COMMERCE PARKWAY", "street2": "SUITE 110", "city": "RICHMOND", "state": "A1", "zip": "V6V 2L1"}, "former-company": {"former-conformed-name": "DATAWAVE VENDING INC", "date-changed": "19950905"}}
text: DataWave Systems Inc. (Form: 8-K)
  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):
  December 14, 2006
  DataWave Systems Inc.
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Delaware
  000-26698
  98-0186455
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  Wayne Interchange Plaza One, 145 Route 46 West, 3rd Floor, Wayne, New Jersey
  07470
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  (973) 774-5000
  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:
  [  ]  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))
  Top of the Form
  Item 8.01 Other Events.
  DataWave Systems Inc. ("DataWave") announced that at its annual stockholders' meeting, held on December 14, 2006 at DataWave's principal operating office located at 13575 Commerce Parkway, Suite 110, Richmond, British Columbia, Canada, at the hour of 10:00 a.m. (local time in Richmond, B.C.), the stockholders of DataWave approved the proposed acquisition of DataWave by InComm Holdings, Inc. ("InComm") in an all-cash merger transaction.
  Under the terms of the approved merger transaction, InComm will acquire DataWave, which will become a wholly owned subsidiary of InComm, and DataWave will cease to be a public company and its stock will no longer be publicly traded.  Closing of the merger transaction is subject to satisfaction of other closing conditions, and is currently anticipated to occur on January 2, 2007.
  Top of the Form
  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.
  DataWave Systems Inc.
  December 14, 2006
  By:
  /s/ John Gunn
  Name: John Gunn
  Title: General Manager and Chief Financial Officer