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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>UNITED
      STATES</strong></font></div>
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      AND EXCHANGE COMMISSION</strong></font></div>
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      D.C. 20549</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
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      <div>&#160;

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        <div>&#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"><strong>FORM
      8-K</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</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>CURRENT
      REPORT</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>Pursuant
      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><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"><strong>&#160;</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</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>Date
      of report (Date of earliest event reported): June 16, 2006 (May 19,
      2006)</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="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>QPC
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      name of registrant as specified in charter)</strong></font></div>
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                or organization)</strong></font></div>
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                File No.)</strong></font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0.8pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>(IRS
                Employee Identification
                No.)</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="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>15632
      Roxford Street</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>Sylmar,
      California 91342</strong></font>&#160;</div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 216pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 215.9pt" align="center">&#160;</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>(Address
      of Principal Executive Offices)</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</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>(818)
      986-0000</strong></font>&#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"><strong>(Issuer
      Telephone number)</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 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 (see General Instruction A.2. below):</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
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      Written communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
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Soliciting
      material
      pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR
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Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
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Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</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">&#160;</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>Forward
      Looking Statements</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#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">This
      Form
      8-K and other reports filed by Registrant from time to time with the Securities
      and Exchange Commission (collectively the &#8220;Filings&#8221;) contain or may contain
      forward looking statements and information that are based upon beliefs of,
      and
      information currently available to, Registrant&#8217;s management as well as estimates
      and assumptions made by Registrant&#8217;s management. When used in the filings the
      words &#8220;anticipate&#8221;, &#8220;believe&#8221;, &#8220;estimate&#8221;, &#8220;expect&#8221;, &#8220;future&#8221;, &#8220;intend&#8221;, &#8220;plan&#8221;
or the negative of these terms and similar expressions as they relate to
      Registrant or Registrant&#8217;s management identify forward looking statements. Such
      statements reflect the current view of Registrant with respect to future events
      and are subject to risks, uncertainties, assumptions and other factors relating
      to Registrant&#8217;s industry, Registrant&#8217;s operations and results of operations and
      any businesses that may be acquired by Registrant. Should one or more of these
      risks or uncertainties materialize, or should the underlying assumptions prove
      incorrect, actual results may differ significantly from those anticipated,
      believed, estimated, expected, intended or planned.</font></div>
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    <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">Although
      Registrant believes that the expectations reflected in the forward looking
      statements are reasonable, Registrant cannot guarantee future results, levels
      of
      activity, performance or achievements. Except as required by applicable law,
      including the securities laws of the United States, Registrant does not intend
      to update any of the forward-looking statements to conform these statements
      to
      actual results. The following discussion should be read in conjunction with
      Registrant&#8217;s pro forma financial statements and the related notes that will be
      filed herein.</font></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">&#160;&#160;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: -54pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item&#160;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="left">&#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">From
      May
      19, 2006 to June 16, 2006, the Registrant held four closings in which it offered
      and sold an aggregate of 5,466,900 shares of its common stock at $1.25 per
      share
      to certain accredited investors and received gross proceeds of $6,833,625 (the
      &#8220;Offering&#8221;) pursuant to subscription agreements. These shares were offered
      through a private placement in which Brookstreet Securities Corporation acted
      as
      the placement agent. The placement agent received a commission of 8.0% of the
      gross proceeds along with a 2.0% non-accountable marketing allowance and a
      3.0%
      non-accountable expense allowance. The Registrant received net proceeds of
      $5,945,253 from the Offering. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><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
      Registrant has received subscriptions for&#160;an additional 452,500 shares of
      common stock at $1.25 per share as part of this Offering for gross proceeds
      up
      to $565,625. The Registrant will accept these subscriptions as a part of this
      Offering if the documents are approved. The Registrant is not accepting any
      further subscriptions as a part of this Offering and has terminated the Offering
      subject to approving and accepting the additional subscriptions already received
      for&#160;452,500 shares.&#160;Such sale of additional shares shall constitute
      the final closing of the Offering.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><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">Brookstreet
      also received warrants to purchase Registrant common stock in an amount equal
      to
      20% of the shares sold, at an exercise price of $1.25 per share. Based on the
      sale of 5,466,900 shares in the Offering, Brookstreet received warrants to
      purchase 1,093,380 shares of common stock. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><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">This
      Offering continues a private placement (&#8220;Subsidiary Private Placement&#8221;) of
      common stock of Quintessence Photonics Corporation (&#8220;Subsidiary&#8221;), a Delaware
      corporation recently acquired (&#8220;Acquisition&#8221;) by the Registrant, that lasted
      from November 2005 to May 2006. The Subsidiary Private Placement closed prior
      to
      the Acquisition. Through the Subsidiary Private Placement, the Subsidiary issued
      an aggregate of 5,660,800 shares of its common stock and issued to certain
      early
      investors, warrants to purchase 572,500 shares of common stock at $1.50 per
      share. In connection with the Acquisition, investors of the Subsidiary Private
      Placement exchanged their Subsidiary common stock for Registrant common stock
      on
      a one-for-one basis. As a result, the Registrant issued to such investors an
      aggregate of 5,660,800 shares of the Registrant&#8217;s newly-issued common stock and
      warrants to purchase 572,500 shares of common stock at $1.50 per share in
      exchange for their Subsidiary common shares and warrants. Combined, the
      Registrant will have raised gross proceeds of $14.2 million and net proceeds
      of
      $12.4 million through the Offering and the Subsidiary Private
      Placement.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><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
      securities issued in the Offering have not been registered under the Securities
      Act of 1933, as amended, and until so registered the securities may not be
      offered or sold in the United States absent registration or availability of
      an
      applicable exemption from registration. The Offering requires the Registrant,
      no
      later than 60 days after the final closing date (the &#8220;Scheduled Filing
      Deadline&#8221;), to prepare and file with the Commission a registration statement for
      the purpose of registering under the Securities Act of 1933 all of the shares
      of
      the Registrant&#8217;s common stock issued pursuant to the Subscription Agreements and
      the Placement Agent warrants. The Registrant is also required to register its
      common shares issued and common stock underlying warrants issued in connection
      with the Subsidiary Private Placement. If the Registration Statement is not
      filed with the Commission prior to the Schedule Filing Deadline, the Registrant
      must deliver liquidated damages of common stock equal to 1% of the shares
      purchased by the investors in the Offering. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#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">This
      announcement is not an offer to sell securities of the Registrant and any
      opportunity to participate in the Offering was available to certain accredited
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                Agreement</font></div>
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      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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              16, 2006</font></td>
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                LASERS, INC.</strong></font></div>
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{"company-data": {"conformed-name": "QPC Lasers", "cik": "0001310753", "assigned-sic": "7380", "irs-number": "201568015", "state-of-incorporation": "NV", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-121598", "film-number": "06910488"}, "business-address": {"street1": "15632 ROXFORD STREET", "city": "SYLMAR", "state": "CA", "zip": "91342", "phone": "818-986-0000"}, "mail-address": {"street1": "15632 ROXFORD STREET", "city": "SYLMAR", "state": "CA", "zip": "91342"}, "former-company": {"former-conformed-name": "Planning Force, Inc.", "date-changed": "20041206"}}
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): June 16, 2006 (May 19,
      2006)
QPC
      LASERS, INC.
(Exact
      name of registrant as specified in charter)
Nevada
000-28153
20-1568015
(State
                or other jurisdiction of
incorporation
                or organization)
(Commission
                File No.)
(IRS
                Employee Identification
                No.)
15632
      Roxford Street
Sylmar,
      California 91342
(Address
      of Principal Executive Offices)
(818)
      986-0000
(Issuer
      Telephone number)
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(b) under the Exchange Act (17 CFR
      240.14a-12(b))
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))
Forward
      Looking Statements
This
      Form
      8-K and other reports filed by Registrant from time to time with the Securities
      and Exchange Commission (collectively the "Filings") contain or may contain
      forward looking statements and information that are based upon beliefs of,
      and
      information currently available to, Registrant's management as well as estimates
      and assumptions made by Registrant's management. When used in the filings the
      words "anticipate", "believe", "estimate", "expect", "future", "intend", "plan"
or the negative of these terms and similar expressions as they relate to
      Registrant or Registrant's management identify forward looking statements. Such
      statements reflect the current view of Registrant with respect to future events
      and are subject to risks, uncertainties, assumptions and other factors relating
      to Registrant's industry, Registrant's operations and results of operations and
      any businesses that may be acquired by Registrant. Should one or more of these
      risks or uncertainties materialize, or should the underlying assumptions prove
      incorrect, actual results may differ significantly from those anticipated,
      believed, estimated, expected, intended or planned.
Although
      Registrant believes that the expectations reflected in the forward looking
      statements are reasonable, Registrant cannot guarantee future results, levels
      of
      activity, performance or achievements. Except as required by applicable law,
      including the securities laws of the United States, Registrant does not intend
      to update any of the forward-looking statements to conform these statements
      to
      actual results. The following discussion should be read in conjunction with
      Registrant's pro forma financial statements and the related notes that will be
      filed herein.
Item 1.01
Entry
      into a Material Definitive Agreement.
From
      May
      19, 2006 to June 16, 2006, the Registrant held four closings in which it offered
      and sold an aggregate of 5,466,900 shares of its common stock at $1.25 per
      share
      to certain accredited investors and received gross proceeds of $6,833,625 (the
      "Offering") pursuant to subscription agreements. These shares were offered
      through a private placement in which Brookstreet Securities Corporation acted
      as
      the placement agent. The placement agent received a commission of 8.0% of the
      gross proceeds along with a 2.0% non-accountable marketing allowance and a
      3.0%
      non-accountable expense allowance. The Registrant received net proceeds of
      $5,945,253 from the Offering.
The
      Registrant has received subscriptions for an additional 452,500 shares of
      common stock at $1.25 per share as part of this Offering for gross proceeds
      up
      to $565,625. The Registrant will accept these subscriptions as a part of this
      Offering if the documents are approved. The Registrant is not accepting any
      further subscriptions as a part of this Offering and has terminated the Offering
      subject to approving and accepting the additional subscriptions already received
      for 452,500 shares. Such sale of additional shares shall constitute
      the final closing of the Offering.
Brookstreet
      also received warrants to purchase Registrant common stock in an amount equal
      to
      20% of the shares sold, at an exercise price of $1.25 per share. Based on the
      sale of 5,466,900 shares in the Offering, Brookstreet received warrants to
      purchase 1,093,380 shares of common stock.
This
      Offering continues a private placement ("Subsidiary Private Placement") of
      common stock of Quintessence Photonics Corporation ("Subsidiary"), a Delaware
      corporation recently acquired ("Acquisition") by the Registrant, that lasted
      from November 2005 to May 2006. The Subsidiary Private Placement closed prior
      to
      the Acquisition. Through the Subsidiary Private Placement, the Subsidiary issued
      an aggregate of 5,660,800 shares of its common stock and issued to certain
      early
      investors, warrants to purchase 572,500 shares of common stock at $1.50 per
      share. In connection with the Acquisition, investors of the Subsidiary Private
      Placement exchanged their Subsidiary common stock for Registrant common stock
      on
      a one-for-one basis. As a result, the Registrant issued to such investors an
      aggregate of 5,660,800 shares of the Registrant's newly-issued common stock and
      warrants to purchase 572,500 shares of common stock at $1.50 per share in
      exchange for their Subsidiary common shares and warrants. Combined, the
      Registrant will have raised gross proceeds of $14.2 million and net proceeds
      of
      $12.4 million through the Offering and the Subsidiary Private
      Placement.
The
      securities issued in the Offering have not been registered under the Securities
      Act of 1933, as amended, and until so registered the securities may not be
      offered or sold in the United States absent registration or availability of
      an
      applicable exemption from registration. The Offering requires the Registrant,
      no
      later than 60 days after the final closing date (the "Scheduled Filing
      Deadline"), to prepare and file with the Commission a registration statement for
      the purpose of registering under the Securities Act of 1933 all of the shares
      of
      the Registrant's common stock issued pursuant to the Subscription Agreements and
      the Placement Agent warrants. The Registrant is also required to register its
      common shares issued and common stock underlying warrants issued in connection
      with the Subsidiary Private Placement. If the Registration Statement is not
      filed with the Commission prior to the Schedule Filing Deadline, the Registrant
      must deliver liquidated damages of common stock equal to 1% of the shares
      purchased by the investors in the Offering.
This
      announcement is not an offer to sell securities of the Registrant and any
      opportunity to participate in the Offering was available to certain accredited
      investors.
The
      foregoing description of the private placement does not purport to be complete
      and is qualified in its entirety by reference to the Form of Subscription
      Agreement.
Item 3.02
Unregistered
      Sales of Equity Securities
.
The
      information called for by this item is contained in Item 1.01, which is
      incorporated herein by reference. The Registrant's common shares were issued to
      the investors in the Offering without registration under the Securities Act
      of
      1933 as amended, pursuant to an exemption under Rule 506 of Regulation D
      promulgated by the Commission.
Item 9.01
Financial
      Statements and Exhibits.
(c)
      Exhibits.
Ex. 10.1
-
Form
                of Subscription and Registration Rights
                Agreement
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.
Dated: June
              16, 2006
QPC
                LASERS, INC.
(Registrant)
By:
/s/
George Lintz
Name:
George
                Lintz
Title:
Chief
              Financial Officer