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<title>Prepared and filed by St Ives Financial</title>
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<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><B><font style='font-size:16PT'>UNITED STATES</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font style='font-size:16PT'>SECURITIES AND EXCHANGE COMMISSION</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font style='font-size:10PT'>WASHINGTON, DC 20549</font></B></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><B><font style='font-size:16PT'>FORM 8-K</font></B></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><B><font style='font-size:10PT'>CURRENT REPORT PURSUANT</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font style='font-size:10PT'>TO SECTION 13 OR 15(D) OF THE</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font style='font-size:10PT'>SECURITIES EXCHANGE ACT OF 1934</font></B></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><font style='font-size:10pt'><b>Date
  of report (Date of earliest event reported) December 1, 2006</b></font></p>

<p style=' margin-bottom:0pt; margin-top:8pt;text-align:center;'><b><font style='font-size:18pt'>GeM Solutions, Inc.</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font style='font-size:10pt'>(Exact Name of Registrant as Specified in Its Charter)</font></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><b><font style='font-size:10pt'>Delaware</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font style='font-size:10pt'>(State or Other Jurisdiction of Incorporation)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font style='font-size:10pt'>&nbsp;</font></p>

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    <td align=center valign=top width="320"><b><font style='font-size:10pt'>000-33099</font></b><br>
      <font style='font-size:10pt'>(Commission File Number)</font><br>
    </td>
        <td align=center width="280" >&nbsp;</td>

    <td align=center valign=top width="320"><b><font style='font-size:10pt'>84-1553046</font></b><br>
<font style='font-size:10pt'>(IRS Employer Identification No.)</font></td>
        <td width="50">&nbsp;</td></tr></table>

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    <td align=center valign=top width="320"><font style='font-size:10pt'>&nbsp;</font><br>
    </td>
        <td align=center width="280" >&nbsp;</td>

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    <td align=center valign=top width="320"><b><font style='font-size:10pt'>7935
      Airport Pulling Road, Suite 201</font></b><br>
<b><font style='font-size:10pt'>Naples, FL</font></b><br>
<font style='font-size:10pt'>(Address of Principal Executive Offices)</font><br></td>
        <td align=center width="280" >&nbsp;</td>

    <td align=center valign=top width="320"><font style='font-size:10pt'>&nbsp;</font><br>
      <b><font style='font-size:10pt'>34109</font></b><br>
      <font style='font-size:10pt'>(Zip Code)</font></td>
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<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><b><font style='font-size:10pt'>(239) 592-1816</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font style='font-size:10pt'>(Registrant&#146;s Telephone Number, Including Area Code)</font></p>

<p style=' margin-bottom:0pt; margin-top:8pt;text-align:center;'><b><font style='font-size:18pt'>Stellar Technologies, Inc.</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font style='font-size:10pt'>(Former Name or Former Address, if Changed Since Last Report)</font></p>

<p style=' margin-bottom:0pt; margin-top:8pt; text-indent:5%;text-align:left;'><font style='font-size:10pt'>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><i><font style='font-size:10pt'>see </font></i><font style='font-size:10pt'>General Instruction A.2. below):</font></p>

<p style=' margin-bottom:0pt; margin-top:8pt; text-indent:5%;text-align:left;'><img src="emptybox.gif"><font style='font-size:10pt'> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></p>

<p style=' margin-bottom:0pt; margin-top:8pt; text-indent:5%;text-align:left;'><img src="emptybox.gif"><font style='font-size:10pt'> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>

<p style=' margin-bottom:0pt; margin-top:8pt; text-indent:5%;text-align:left;'><img src="emptybox.gif"><font style='font-size:10pt'> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>

<p style=' margin-bottom:0pt; margin-top:8pt; text-indent:5%;text-align:left;'><img src="emptybox.gif"><font style='font-size:10pt'> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>
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<p style=' margin-bottom:0pt; margin-top:16pt;text-align:center;'><b><font style='font-size:10pt'>Section 3 &#150; Securities and Trading Markets</font></b></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><b><font style='font-size:10pt'>Item 3.02 Unregistered Sale of Equity Securities</font></b></p>

<p style=' margin-bottom:0pt; margin-top:8pt; text-indent:5%;text-align:left;'><font style='font-size:10pt'>On
    December 8, 2006, GeM Solutions, Inc. (the &#147;Company&#148;, &#147;we&#148;,
    or &#147;us&#148;) issued options to purchase 6,567,780 shares of common
    stock to certain of our employees and executive officers. Options to purchase
    6,240,000 shares of common stock have an exercise price of $.25 per share,
    vest in three equal installments over an eighteen month period from the date
    of grant, and terminate ten years from the date of grant. Options to purchase
    327,780 shares of common stock have an exercise price of $.15 per share,
    are immediately vested and exercisable in full, and terminate ten years from
    the date of grant. The foregoing securities were issued to our employees
    in a private placement transaction pursuant to the exemption from registration
    provided by Section 4(2) of the Securities Act of 1933, as amended, without
    engaging in any advertising or general  solicitation of any kind and without
    payment of underwriting discounts or commissions to any person.</font></p>

<p style=' margin-bottom:0pt; margin-top:16pt;text-align:center;'><b><font style='font-size:10pt'>Section 5 &#150; Corporate Governance and Management</font></b></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><b><font style='font-size:10pt'>Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</font></b></p>

<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><u><font style='font-size:10pt'>Resignation of President</font></u></p>

<p style=' margin-bottom:0pt; margin-top:8pt; text-indent:5%;text-align:left;'><font style='font-size:10pt'>On
    December 13, 2006, we accepted the resignation of Donald R. Innis as President
    of the Company effective November 30, 2006. </font></p>

<p style=' margin-bottom:0pt; margin-top:8pt; text-indent:5%;text-align:left;'><font style='font-size:10pt'>In
    connection with his resignation, we entered into a letter agreement (the &#147;Agreement&#148;)
    with Mr.&nbsp;Innis. The Agreement provides for: (i) a severance payment
    equal to Mr.&nbsp;Innis&#146; base salary for the month of December, 2006
    together with payment for all accrued and unused vacation time; (ii) payment
    of health insurance coverage for Mr.&nbsp;Innis and his dependants through
    February 28, 2007; (iii) the issuance of a fully vested option (the &#147;Option&#148;)
    to purchase 250,000 shares of common stock at an exercise price of $0.25
    per share which terminates two years from the date of grant; and (iv) immediate
    vesting of all options previously issued to Mr.&nbsp;Innis which will be
    exercisable for a period of two years. In consideration of the foregoing,
    Mr.&nbsp;Innis released any and all claims he has or may have against the
    Company, our subsidiaries, or  any of our affiliates, and will remain available
    to assist us in concluding any pending business matters during December,
    2006.  </font></p>

<p style=' margin-bottom:0pt; margin-top:8pt; text-indent:5%;text-align:left;'><font style='font-size:10pt'>The foregoing description of the Agreement and Option are qualified in their entirety by reference to the complete text of the Agreement and Option, copies of which are attached hereto as Exhibits 10.1 and 10.2, respectively.</font></p>

<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><u><font style='font-size:10pt'>Issuance of Options to Executive Officers</font></u></p>

<p style=' margin-bottom:0pt; margin-top:8pt; text-indent:5%;text-align:left;'><font style='font-size:10pt'>On December 8, 2006, we issued options to Mark Sampson, our chief executive officer,  John E. Baker, our chief financial officer, Rusty Wright, our senior vice president of sales, and Brian Ellis, our vice president of marketing and corporate communications to purchase 4,000,000, 350,000, 350,000, and 500,000 shares of common stock, respectively.  The options have an exercise price of $0.25 per share, vest in three equal installments over an eighteen month period from the date of grant, and terminate ten years from the date of grant.  In the event the officer is terminated without cause, the options become immediately vested and exercisable in full for a period of two years following termination. The options issued to Mr.&nbsp;Baker were issued under our 2005 Stock Incentive Plan.</font></p>
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<p style=' margin-bottom:0pt; margin-top:8pt; text-indent:5%;text-align:left;'><font style='font-size:10pt'>Effective December 1, 2006, we reduced the salaries of Messrs.&nbsp;Sampson, Baker, Wright and Ellis for the months of December and January by an aggregate of $49,167.  In lieu of such   salary, on December 8, 2006, we issued options to Messrs.&nbsp;Sampson, Baker, Wright and Ellis to purchase 200,000, 27,780, 50,000, and 50,000 shares of common stock, respectively. The options have an exercise price of $0.15 per share, are immediately vested and exercisable in full, and are otherwise identical to the options described in the preceding paragraph. The options issued to Mr.&nbsp;Baker were issued under our 2005 Stock Incentive Plan.</font></p>

<p style=' margin-bottom:0pt; margin-top:8pt; text-indent:5%;text-align:left;'><font style='font-size:10pt'>The foregoing description of the options are qualified in their entirety by reference to the complete text of the options, attached hereto as Exhibits 10.3, 10.4, 10.5, 10.6, 10.7, 10.8, 10.9 and 10.10.</font></p>

<p style=' margin-bottom:0pt; margin-top:16pt;text-align:center;'><b><font style='font-size:10pt'>Section 8 &#150; Other Events</font></b></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><b><font style='font-size:10pt'>Item 8.01 Other Events.</font></b></p>

<p style=' margin-bottom:0pt; margin-top:8pt; text-indent:5%;text-align:left;'><font style='font-size:10pt'>Effective
    November 27, 2006, we reduced our headcount by nine. This consisted of six
    members of our sales force, two members of our information technology staff,
    and one administrative person. The foregoing was done in order to reduce
    fixed monthly expenses and utilize more independent sales agents and resellers
    who are compensated on a commission only basis. </font></p>

<p style=' margin-bottom:0pt; margin-top:8pt; text-indent:5%;text-align:left;'><font style='font-size:10pt'>On December 8, 2006, we issued options under our 2005 Stock Incentive Plan to certain of our employees to purchase an aggregate of 1,040,000 shares of common stock. The options have an exercise price of $0.25 per share, vest in three equal installments over an eighteen month period from the date of grant, and terminate ten years from the date of grant.</font></p>
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<p style=' margin-bottom:0pt; margin-top:16pt;text-align:center;'><b><font style='font-size:10pt'>Section 9 &#150; Financial Statements and Exhibits</font></b></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><b><font style='font-size:10pt'>Item 9.01 Financial Statements and Exhibits. </font></b></p>

<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><font style='font-size:10pt'>(d) Exhibits. The following exhibits are filed with this report:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='font-size:10pt'>&nbsp;</font></p>


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      <td width="14%" valign=bottom >
        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><b><font style='font-size:10pt'><u>Exhibit
          No</u>.</font></b></p>
      </td>
      <td valign=bottom >
        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><b><u><font style='font-size:10pt'>Description</font></u></b></p>
      </td>
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      <td valign=top style=' height:.05in;'>
        <p style=' margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p>
      </td>
      <td valign=bottom style=' height:.05in;'>
        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p>
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        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='font-size:10pt'>10.1</font></p>
      </td>
      <td valign=bottom >
        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='font-size:10pt'>Letter
             Agreement dated December 13, 2006 by and between the Company and
            Donald
          R. Innis</font></p>
      </td>
    </tr>
    <tr style='height:.05in;'>
      <td valign=top style=' height:.05in;'>
        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p>
      </td>
      <td valign=bottom style=' height:.05in;'>
        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p>
      </td>
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      <td valign=top >
        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='font-size:10pt'>10.2</font></p>
      </td>
      <td valign=bottom >
        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='font-size:10pt'>Option
             Agreement dated December 13, 2006 by and between the Company and
            Donald
          R. Innis</font></p>
      </td>
    </tr>
    <tr style='height:.05in;'>
      <td valign=top style=' height:.05in;'>
        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p>
      </td>
      <td valign=bottom style=' height:.05in;'>
        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p>
      </td>
    </tr>
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      <td valign=top >
        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='font-size:10pt'>10.3</font></p>
      </td>
      <td valign=bottom >
        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='font-size:10pt'>Option
          Agreement dated December 8, 2006 by and between the Company and Mark
          G. Sampson </font></p>
      </td>
    </tr>
    <tr style='height:.05in;'>
      <td valign=top style=' height:.05in;'>
        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p>
      </td>
      <td valign=bottom style=' height:.05in;'>
        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p>
      </td>
    </tr>
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      <td valign=top >
        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='font-size:10pt'>10.4</font></p>
      </td>
      <td valign=bottom >
        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='font-size:10pt'>Option
          Agreement dated December 8, 2006 by and between the Company and Mark
          G. Sampson in lieu of salary</font></p>
      </td>
    </tr>
    <tr style='height:.05in;'>
      <td valign=top style=' height:.05in;'>
        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p>
      </td>
      <td valign=bottom style=' height:.05in;'>
        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p>
      </td>
    </tr>
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      <td valign=top >
        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='font-size:10pt'>10.5</font></p>
      </td>
      <td valign=bottom >
        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='font-size:10pt'>Option
          Agreement dated December 8, 2006 by and between the Company and Brian
          Ellis</font></p>
      </td>
    </tr>
    <tr style='height:.05in;'>
      <td valign=top style=' height:.05in;'>
        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p>
      </td>
      <td valign=bottom style=' height:.05in;'>
        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p>
      </td>
    </tr>
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      <td valign=top >
        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='font-size:10pt'>10.6</font></p>
      </td>
      <td valign=bottom >
        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='font-size:10pt'>Option
          Agreement dated December 8, 2006 by and between the Company and Brian
          Ellis in lieu of salary</font></p>
      </td>
    </tr>
    <tr style='height:.05in;'>
      <td valign=top style=' height:.05in;'>
        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p>
      </td>
      <td valign=bottom style=' height:.05in;'>
        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p>
      </td>
    </tr>
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      <td valign=top >
        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='font-size:10pt'>10.7</font></p>
      </td>
      <td valign=bottom >
        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='font-size:10pt'>Option
          Agreement dated December 8, 2006 by and between the Company and Rusty
          Wright</font></p>
      </td>
    </tr>
    <tr style='height:.05in;'>
      <td valign=top style=' height:.05in;'>
        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p>
      </td>
      <td valign=bottom style=' height:.05in;'>
        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p>
      </td>
    </tr>
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      <td valign=top >
        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='font-size:10pt'>10.8</font></p>
      </td>
      <td valign=bottom >
        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='font-size:10pt'>Option
          Agreement dated December 8, 2006 by and between the Company and Rusty
          Wright in lieu of salary</font></p>
      </td>
    </tr>
    <tr style='height:.05in;'>
      <td valign=top style=' height:.05in;'>
        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p>
      </td>
      <td valign=bottom style=' height:.05in;'>
        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p>
      </td>
    </tr>
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      <td valign=top >
        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='font-size:10pt'>10.9</font></p>
      </td>
      <td valign=bottom >
        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='font-size:10pt'>Option
          Agreement under the GeM Solutions, Inc. 2005 Stock Incentive Plan dated
          December 8, 2006 by and between the Company and John E. Baker </font></p>
      </td>
    </tr>
    <tr style='height:.05in;'>
      <td valign=top style=' height:.05in;'>
        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p>
      </td>
      <td valign=bottom style=' height:.05in;'>
        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p>
      </td>
    </tr>
    <tr>
      <td valign=top >
        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='font-size:10pt'>10.10</font></p>
      </td>
      <td valign=bottom >
        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='font-size:10pt'>Option
          Agreement under the GeM Solutions, Inc. 2005 Stock Incentive Plan dated
          December 8, 2006 by and between the Company and John E. Baker in lieu
          of salary</font></p>
      </td>
    </tr>
    <tr style='height:.05in;'>
      <td valign=top style=' height:.05in;'>
        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p>
      </td>
      <td valign=bottom style=' height:.05in;'>
        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p>
      </td>
    </tr>
  </table>
</div>



<p style=' margin-bottom:0pt; margin-top:16pt;text-align:center;'><B><font style='font-size:10PT'>SIGNATURES</font></B></p>

<p style=' margin-bottom:0pt; margin-top:8pt; text-indent:5%;text-align:left;'><font style='font-size:10pt'>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></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='font-size:10pt'>&nbsp;</font></p>


<div align=center>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style=' border-collapse:collapse;'>
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<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>

        <td width="7%" valign=bottom >

<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom >

<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='font-size:10pt'>GeM Solutions, Inc.</font></p> </td> </tr>
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        <td width="49%" valign=bottom >

<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><br> <font style='font-size:10pt'>Date:  December 13, 2006</font></p> </td>

        <td width="7%" valign=bottom >

<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>

        <td width="4%" valign=bottom >

<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='font-size:10pt'>By:&nbsp;</font></p> </td>

        <td width="40%" valign=bottom >

<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><br> <font style='font-size:10pt'>/s/ John E. Baker</font></p> </td> </tr>
    <tr>

        <td valign=top >

<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>

        <td valign=top >

<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>

        <td valign=top >

<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>

        <td valign=top >

<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-bottom:0pt;'>
<hr noshade width="100%" color="Gray" size="1"> </td> </tr>
    <tr>

        <td valign=top >

<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>

        <td valign=top >

<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>

        <td valign=top >

<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>

        <td valign=top >

<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='font-size:10pt'>John E. Baker</font><br> <font style='font-size:10pt'>Chief Financial Officer</font></p> </td> </tr></table>
</div>



<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='font-size:10pt'>&nbsp;</font></p>
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[{"type": "8-K", "sequence": "1", "filename": "b416013_8k.htm", "description": "FORM 8-K", "secsgml_size_bytes": 28571}]
{"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": "061274759"}, "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) December 1, 2006
GeM Solutions, Inc.
(Exact Name of Registrant as Specified in Its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
000-33099
(Commission File Number)
84-1553046
(IRS Employer Identification No.)
7935
      Airport Pulling Road, Suite 201
Naples, FL
(Address of Principal Executive Offices)
34109
(Zip Code)
(239) 592-1816
(Registrant's Telephone Number, Including Area Code)
Stellar Technologies, Inc.
(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 3 – Securities and Trading Markets
Item 3.02 Unregistered Sale of Equity Securities
On
    December 8, 2006, GeM Solutions, Inc. (the "Company", "we",
    or "us") issued options to purchase 6,567,780 shares of common
    stock to certain of our employees and executive officers. Options to purchase
    6,240,000 shares of common stock have an exercise price of $.25 per share,
    vest in three equal installments over an eighteen month period from the date
    of grant, and terminate ten years from the date of grant. Options to purchase
    327,780 shares of common stock have an exercise price of $.15 per share,
    are immediately vested and exercisable in full, and terminate ten years from
    the date of grant. The foregoing securities were issued to our employees
    in a private placement transaction pursuant to the exemption from registration
    provided by Section 4(2) of the Securities Act of 1933, as amended, without
    engaging in any advertising or general  solicitation of any kind and without
    payment of underwriting discounts or commissions to any person.
Section 5 – Corporate Governance and Management
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Resignation of President
On
    December 13, 2006, we accepted the resignation of Donald R. Innis as President
    of the Company effective November 30, 2006.
In
    connection with his resignation, we entered into a letter agreement (the "Agreement")
    with Mr. Innis. The Agreement provides for: (i) a severance payment
    equal to Mr. Innis' base salary for the month of December, 2006
    together with payment for all accrued and unused vacation time; (ii) payment
    of health insurance coverage for Mr. Innis and his dependants through
    February 28, 2007; (iii) the issuance of a fully vested option (the "Option")
    to purchase 250,000 shares of common stock at an exercise price of $0.25
    per share which terminates two years from the date of grant; and (iv) immediate
    vesting of all options previously issued to Mr. Innis which will be
    exercisable for a period of two years. In consideration of the foregoing,
    Mr. Innis released any and all claims he has or may have against the
    Company, our subsidiaries, or  any of our affiliates, and will remain available
    to assist us in concluding any pending business matters during December,
    2006.
The foregoing description of the Agreement and Option are qualified in their entirety by reference to the complete text of the Agreement and Option, copies of which are attached hereto as Exhibits 10.1 and 10.2, respectively.
Issuance of Options to Executive Officers
On December 8, 2006, we issued options to Mark Sampson, our chief executive officer,  John E. Baker, our chief financial officer, Rusty Wright, our senior vice president of sales, and Brian Ellis, our vice president of marketing and corporate communications to purchase 4,000,000, 350,000, 350,000, and 500,000 shares of common stock, respectively.  The options have an exercise price of $0.25 per share, vest in three equal installments over an eighteen month period from the date of grant, and terminate ten years from the date of grant.  In the event the officer is terminated without cause, the options become immediately vested and exercisable in full for a period of two years following termination. The options issued to Mr. Baker were issued under our 2005 Stock Incentive Plan.
2
Effective December 1, 2006, we reduced the salaries of Messrs. Sampson, Baker, Wright and Ellis for the months of December and January by an aggregate of $49,167.  In lieu of such   salary, on December 8, 2006, we issued options to Messrs. Sampson, Baker, Wright and Ellis to purchase 200,000, 27,780, 50,000, and 50,000 shares of common stock, respectively. The options have an exercise price of $0.15 per share, are immediately vested and exercisable in full, and are otherwise identical to the options described in the preceding paragraph. The options issued to Mr. Baker were issued under our 2005 Stock Incentive Plan.
The foregoing description of the options are qualified in their entirety by reference to the complete text of the options, attached hereto as Exhibits 10.3, 10.4, 10.5, 10.6, 10.7, 10.8, 10.9 and 10.10.
Section 8 – Other Events
Item 8.01 Other Events.
Effective
    November 27, 2006, we reduced our headcount by nine. This consisted of six
    members of our sales force, two members of our information technology staff,
    and one administrative person. The foregoing was done in order to reduce
    fixed monthly expenses and utilize more independent sales agents and resellers
    who are compensated on a commission only basis.
On December 8, 2006, we issued options under our 2005 Stock Incentive Plan to certain of our employees to purchase an aggregate of 1,040,000 shares of common stock. The options have an exercise price of $0.25 per share, vest in three equal installments over an eighteen month period from the date of grant, and terminate ten years from the date of grant.
3
Section 9 – Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. The following exhibits are filed with this report:
Exhibit
          No
.
Description
10.1
Letter
             Agreement dated December 13, 2006 by and between the Company and
            Donald
          R. Innis
10.2
Option
             Agreement dated December 13, 2006 by and between the Company and
            Donald
          R. Innis
10.3
Option
          Agreement dated December 8, 2006 by and between the Company and Mark
          G. Sampson
10.4
Option
          Agreement dated December 8, 2006 by and between the Company and Mark
          G. Sampson in lieu of salary
10.5
Option
          Agreement dated December 8, 2006 by and between the Company and Brian
          Ellis
10.6
Option
          Agreement dated December 8, 2006 by and between the Company and Brian
          Ellis in lieu of salary
10.7
Option
          Agreement dated December 8, 2006 by and between the Company and Rusty
          Wright
10.8
Option
          Agreement dated December 8, 2006 by and between the Company and Rusty
          Wright in lieu of salary
10.9
Option
          Agreement under the GeM Solutions, Inc. 2005 Stock Incentive Plan dated
          December 8, 2006 by and between the Company and John E. Baker
10.10
Option
          Agreement under the GeM Solutions, Inc. 2005 Stock Incentive Plan dated
          December 8, 2006 by and between the Company and John E. Baker in lieu
          of salary
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.
GeM Solutions, Inc.
Date:  December 13, 2006
By:
/s/ John E. Baker
John E. Baker
Chief Financial Officer
4