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    <title>Prepared and filed by St Ives Financial</title>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>UNITED
      STATES</strong></font></div>
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      AND EXCHANGE COMMISSION</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>WASHINGTON,
      DC 20549</strong></font><br></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>FORM
      8-K</strong></font><br></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>CURRENT
      REPORT PURSUANT</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>TO
      SECTION 13 OR 15(D) OF THE</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>SECURITIES
      EXCHANGE ACT OF 1934</strong></font><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><b><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date
  of report (Date of earliest event reported) </font></b><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>August
  14, 2006</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 441pt">&#160;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 16pt; FONT-FAMILY: Times New Roman"><strong>Stellar
  Technologies, Inc.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Exact
      Name of Registrant as Specified in Its Charter)</font></div>
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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Colorado</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(State
      or
      Other Jurisdiction</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">of
      Incorporation)</font></div>
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        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<strong><font size="2">000-33099</font></strong><font id="TAB2" style="COLOR: black; LETTER-SPACING: 225pt">&#160;</font></div>
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        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<strong><font size="2">84-1553046</font></strong></div>
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<font size="2">(Commission
                File Number)</font></div>
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(IRS
                Employer Identification No.)</font></div>
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<strong><font size="2">7935
                Airport Pulling Road, Suite
                201<br>
          Naples, FL</font></strong></div>
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        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>34109</strong></font></div>
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<font size="2">(Address
                of Principal Executive
                Offices)</font></div>
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Zip
                Code)</font></div>
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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>(239)
  592-1816</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Registrant&#8217;s
      Telephone Number, Including Area Code)</font><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Former
      Name or Former Address, if Changed Since Last Report)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 18pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>see
      </em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">General
      Instruction A.2. below):</font></div>
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            <td width="1%">&#160;</td>
            <td width="94%"><font size="2">Written communications pursuant to Rule
              425
              under the Securities Act (17 CFR 230.425)</font></td>
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            <td width="1%">&#160;</td>
            <td width="94%">&#160;</td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><img src="emptybox.gif" alt=""></div>
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            <td width="1%">&#160;</td>
            <td width="94%"><font size="2">Soliciting material pursuant to Rule
              14a-12
              under the Exchange Act (17 CFR 240.14a-12)</font></td>
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            <td width="5%">&#160;</td>
            <td width="1%">&#160;</td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><img src="emptybox.gif" alt=""></div>
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            <td width="1%">&#160;</td>
            <td width="94%"><font size="2">Pre-commencement communications pursuant
              to
              Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></td>
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            <td width="1%">&#160;</td>
            <td width="94%"><font size="2">Pre-commencement communications pursuant
              to
              Rule 13e-4(c) under the Exchange Act (17 CFR
              240.13e-4(c))</font></td>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
<div style="border:none;border-bottom:solid .25em;padding:0in 0in 1.0pt 0in">
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    <div>&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Section
      1 <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">&#8211;
      </font></font>Registrant&#8217;s Business and Operations</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
      1.01</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Entry
      into a Material Definitive Agreement.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      information provided in Item 3.02 regarding the issuance of the convertible
      preferred stock and warrants is hereby incorporated by reference.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: -9pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Section
      3 &#8211;&#160;Securities And Trading Markets </strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: -72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
      3.02</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Unregistered
      Sales of Equity Securities.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Between
      July 31 and August 17, 2006, pursuant to a series of securities purchase
      agreements, we sold shares of our Series B Convertible Preferred Stock
      convertible into 4,400,000 shares of common stock and warrants to purchase
      an
      additional 2,200,000 shares of common stock for aggregate gross cash proceeds
      of
      $660,000. The securities were sold in units consisting of one (1) share of
      Series B Convertible Preferred Stock (the &#8220;Series B Shares&#8221;) and a warrant to
      purchase fifty (50) shares of common stock at a purchase price of $15.00 per
      unit. The foregoing securities were issued in an offering (the &#8220;Private
      Offering&#8221;) solely to accredited investors of up $3</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">,300,000
      of units consisting of 220,000 Series B Shares </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">convertible
      into an aggregate of 22,000,000 shares of common stock and warrants to purchase
      up to an aggregate of 11,000,000 shares of common stock. We have reserved the
      right to offer and sell additional units for an aggregate purchase price in
      excess of $3,300,000 to cover any over-allotments. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Series B Shares have an original issue price of $15.00 per share and are
      convertible at any time at the option of the holder into shares of common stock
      at a conversion price of $0.15 per share. Accordingly, each Series B Share
      is
      initially convertible into 100 shares of common stock. The Series B Shares
      automatically convert into shares of common stock in the event that (i) the
      average closing price of our common stock over 20 consecutive trading
      days equals or exceeds $0.75 per share; and (ii) the shares of common stock
      issuable upon conversion of the Series B Shares are either subject to an
      effective registration statement permitting the public resale of such shares
      under the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;), or
      transferable pursuant to Rule 144(k) promulgated under the Securities Act. The conversion
      price will be adjusted for stock splits, combinations, recapitalizations and
      stock dividends. In the event of a consolidation or merger in which we are
      not
      the surviving corporation, lawful provision shall be made so that upon
      conversion of the Series B Shares the holder shall be entitled to receive the
      number of shares of stock or other securities or property of the successor
      entity that such holder would have been entitled to receive if the Series B
      Shares had been converted immediately prior to such transaction. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Each
      warrant is immediately exercisable into fifty (50) shares of common stock at
      an
      exercise price of $0.40 per share for a term of three years. The exercise price
      of the warrants will be adjusted for stock splits, combinations,
      recapitalizations and stock dividends. In the event of a consolidation or merger
      in which we are not the surviving corporation (other than a merger with a wholly
      owned subsidiary for the purpose of incorporating the Company in a different
      jurisdiction), all holders of the warrants shall be given at least </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">fifteen
      (15)</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      days
      notice of such transaction and shall be permitted to exercise the warrants
      during such fifteen (15) day period. Upon expiration of such fifteen (15) day
      period, the warrants shall terminate. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div align="center"><font style="FONT-FAMILY: serif" size="2">2</font></div>
    <hr align="center" noshade size="2" width="100%">
    <div style="PAGE-BREAK-BEFORE: always">
    </div><page>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      units
      were sold in a private placement transaction to a limited number of accredited
      investors pursuant to the exemption from registration provided by Section
        4(2) of the Securities Act and Rule 506 of Regulation D thereunder. We
        paid aggregate
      placement agent fees of $52,800 to certain broker-dealers registered under
      the
      Securities Exchange Act of 1934, as amended, and members of the National
         Association of Securities Dealers, Inc. We also issued warrants to the
        placement
      agents to purchase 352,000 shares of common stock (equal to 8% of the shares
      issuable upon conversion of the preferred stock included in the units)
        at an exercise price of $0.40 per share. The other material terms of
        these warrants
      are identical to the terms of the warrants issued to investors in the Private
      Offering and described above. </font></div>
    <div>&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We
      have
      agreed to include the shares of common stock issuable upon conversion of the
      Series B Shares and exercise of the warrants sold in the Private Offering in
      any
      registration statement we file under the Securities Act (excluding registration
      statements on SEC Forms S-4, S-8 or any similar or successor forms) in order
      to
      permit the public resale of such shares. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">As
     previously reported in our Current Reports on Form 8-K dated May 12, 2006
    and
  June 8, 2006, between May 8, 2006 and June 2, 2006, we sold 80,000 units for
    aggregate gross cash proceeds of $1,200,000 in a private offering solely
    to a limited

  number of accredited investors who are not &#147;U.S. persons&#148; pursuant
   to the exemption from registration provided by Rules 901 and 903 of Regulation

  S under the Securities Act (the &#147;Non US Private Offering&#148;). After
   giving affect to the forgoing, we have sold an aggregate of 124,00 units for

  aggregate gross cash proceeds of $1,860,000 in the Private Offering and Non
  US Private Offering which are continuing. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      descriptions of the securities purchase agreements, the Series B Shares and
      the
      warrants set forth above are qualified in their entirety by reference to a
      copies of such agreements filed as exhibits to this report and incorporated
      herein by this reference.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
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            <td width="1%">&#160;</td>

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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font size="2">Form
                of Securities Purchase Agreement by and
                between the Company and Purchasers of Units consisting of Series
                B
                Convertible Preferred Stock and Warrants. </font></div>
            </td>
          </tr>
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font size="2">Form
                of Warrant issued to Purchasers of Units and
                placement agents in Unit Offering consisting of Series B Convertible
                Preferred Stock and Warrants. </font></div>
            </td>
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    <div style="PAGE-BREAK-BEFORE: always">
    </div><page>
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    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>SIGNATURES</strong></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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.</font></div>
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            <td width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
            <td width="49%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
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                Technologies, Inc.</font></div>
            </td>
          </tr>
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            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
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            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">Date:&#160;August
              18, 2006<font id="TAB2" style="COLOR: black; LETTER-SPACING: 243pt" size="3">&#160;</font></font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">By:&#160;&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">/s/&#160;
John
              E.
              Baker </font></td>
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              </div>
              <div><font size="2">John E. Baker</font></div>
              <div><font size="2">Chief Financial Officer </font></div>
            </td>
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    <div align="center"><font style="FONT-FAMILY: serif" size="2">4</font></div>
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[{"type": "8-K", "sequence": "1", "filename": "p414594_8k.htm", "description": "FORM 8-K", "secsgml_size_bytes": 31334}]
{"company-data": {"conformed-name": "STELLAR TECHNOLOGIES, INC.", "cik": "0001132590", "assigned-sic": "7373", "irs-number": "841553046", "state-of-incorporation": "CO", "fiscal-year-end": "0605"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-33099", "film-number": "061044099"}, "business-address": {"street1": "7935 AIRPORT PULLING ROAD", "street2": "SUITE 201", "city": "NAPLES", "state": "FL", "zip": "34109", "phone": "2395291816"}, "mail-address": {"street1": "7935 AIRPORT PULLING ROAD", "street2": "SUITE 201", "city": "NAPLES", "state": "FL", "zip": "34109"}, "former-company": {"former-conformed-name": "INTERNATIONAL TRAVEL CD S INC", "date-changed": "20010117"}}
Prepared and filed by St Ives Financial
UNITED
      STATES
SECURITIES
      AND EXCHANGE COMMISSION
WASHINGTON,
      DC 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)
August
  14, 2006
Stellar
  Technologies, Inc.
(Exact
      Name of Registrant as Specified in Its Charter)
Colorado
(State
      or
      Other Jurisdiction
of
      Incorporation)
000-33099
84-1553046
(Commission
                File Number)
(IRS
                Employer Identification No.)
7935
                Airport Pulling Road, Suite
                201
Naples, FL
34109
(Address
                of Principal Executive
                Offices)
(Zip
                Code)
(239)
  592-1816
(
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):
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))
Section
      1
–
Registrant's Business and Operations
Item
      1.01
Entry
      into a Material Definitive Agreement.
The
      information provided in Item 3.02 regarding the issuance of the convertible
      preferred stock and warrants is hereby incorporated by reference.
Section
      3 – Securities And Trading Markets
Item
      3.02
Unregistered
      Sales of Equity Securities.
Between
      July 31 and August 17, 2006, pursuant to a series of securities purchase
      agreements, we sold shares of our Series B Convertible Preferred Stock
      convertible into 4,400,000 shares of common stock and warrants to purchase
      an
      additional 2,200,000 shares of common stock for aggregate gross cash proceeds
      of
      $660,000. The securities were sold in units consisting of one (1) share of
      Series B Convertible Preferred Stock (the "Series B Shares") and a warrant to
      purchase fifty (50) shares of common stock at a purchase price of $15.00 per
      unit. The foregoing securities were issued in an offering (the "Private
      Offering") solely to accredited investors of up $3
,300,000
      of units consisting of 220,000 Series B Shares
convertible
      into an aggregate of 22,000,000 shares of common stock and warrants to purchase
      up to an aggregate of 11,000,000 shares of common stock. We have reserved the
      right to offer and sell additional units for an aggregate purchase price in
      excess of $3,300,000 to cover any over-allotments.
The
      Series B Shares have an original issue price of $15.00 per share and are
      convertible at any time at the option of the holder into shares of common stock
      at a conversion price of $0.15 per share. Accordingly, each Series B Share
      is
      initially convertible into 100 shares of common stock. The Series B Shares
      automatically convert into shares of common stock in the event that (i) the
      average closing price of our common stock over 20 consecutive trading
      days equals or exceeds $0.75 per share; and (ii) the shares of common stock
      issuable upon conversion of the Series B Shares are either subject to an
      effective registration statement permitting the public resale of such shares
      under the Securities Act of 1933, as amended (the "Securities Act"), or
      transferable pursuant to Rule 144(k) promulgated under the Securities Act. The conversion
      price will be adjusted for stock splits, combinations, recapitalizations and
      stock dividends. In the event of a consolidation or merger in which we are
      not
      the surviving corporation, lawful provision shall be made so that upon
      conversion of the Series B Shares the holder shall be entitled to receive the
      number of shares of stock or other securities or property of the successor
      entity that such holder would have been entitled to receive if the Series B
      Shares had been converted immediately prior to such transaction.
Each
      warrant is immediately exercisable into fifty (50) shares of common stock at
      an
      exercise price of $0.40 per share for a term of three years. The exercise price
      of the warrants will be adjusted for stock splits, combinations,
      recapitalizations and stock dividends. In the event of a consolidation or merger
      in which we are not the surviving corporation (other than a merger with a wholly
      owned subsidiary for the purpose of incorporating the Company in a different
      jurisdiction), all holders of the warrants shall be given at least
fifteen
      (15)
days
      notice of such transaction and shall be permitted to exercise the warrants
      during such fifteen (15) day period. Upon expiration of such fifteen (15) day
      period, the warrants shall terminate.
2
The
      units
      were sold in a private placement transaction to a limited number of accredited
      investors pursuant to the exemption from registration provided by Section
        4(2) of the Securities Act and Rule 506 of Regulation D thereunder. We
        paid aggregate
      placement agent fees of $52,800 to certain broker-dealers registered under
      the
      Securities Exchange Act of 1934, as amended, and members of the National
         Association of Securities Dealers, Inc. We also issued warrants to the
        placement
      agents to purchase 352,000 shares of common stock (equal to 8% of the shares
      issuable upon conversion of the preferred stock included in the units)
        at an exercise price of $0.40 per share. The other material terms of
        these warrants
      are identical to the terms of the warrants issued to investors in the Private
      Offering and described above.
We
      have
      agreed to include the shares of common stock issuable upon conversion of the
      Series B Shares and exercise of the warrants sold in the Private Offering in
      any
      registration statement we file under the Securities Act (excluding registration
      statements on SEC Forms S-4, S-8 or any similar or successor forms) in order
      to
      permit the public resale of such shares.
As
     previously reported in our Current Reports on Form 8-K dated May 12, 2006
    and
  June 8, 2006, between May 8, 2006 and June 2, 2006, we sold 80,000 units for
    aggregate gross cash proceeds of $1,200,000 in a private offering solely
    to a limited

  number of accredited investors who are not "U.S. persons" pursuant
   to the exemption from registration provided by Rules 901 and 903 of Regulation

  S under the Securities Act (the "Non US Private Offering"). After
   giving affect to the forgoing, we have sold an aggregate of 124,00 units for

  aggregate gross cash proceeds of $1,860,000 in the Private Offering and Non
  US Private Offering which are continuing.
The
      descriptions of the securities purchase agreements, the Series B Shares and
      the
      warrants set forth above are qualified in their entirety by reference to a
      copies of such agreements filed as exhibits to this report and incorporated
      herein by this reference.
Item
      9.01
Financial
      Statements and Exhibits.
(c)
      Exhibits. The following exhibits are filed with this report:
Exhibit No
.
Description of Exhibit
10.1
Form
                of Securities Purchase Agreement by and
                between the Company and Purchasers of Units consisting of Series
                B
                Convertible Preferred Stock and Warrants.
10.2
Form
                of Warrant issued to Purchasers of Units and
                placement agents in Unit Offering consisting of Series B Convertible
                Preferred Stock and Warrants.
3
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.
Stellar
                Technologies, Inc.
Date: August
              18, 2006
By:
/s/ 
John
              E.
              Baker
John E. Baker
Chief Financial Officer
4