================================================================================

                                  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)

                                 March 10, 2006

                          ----------------------------

                       Applied Spectrum Technologies, Inc.
               (Exact name of registrant as specified in charter)


                                    Delaware
         (State or other Jurisdiction of Incorporation or Organization)


        0-16397                                          41-2185030
(Commission File Number)                      (IRS Employer Identification No.)


                                 936A Beachland
                               Boulevard, Suite 13
                              Vero Beach, Fl 32963
              (Address of Principal Executive Offices and zip code)


                                 (772) 231-7544
              (Registrant's telephone number, including area code)


                                       N/A
          (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 registrant under any of the
following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)

[ ] Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17
CFR 240.14a-12(b))

[ ] 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))

================================================================================

<PAGE>

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

         Information included in this Form 8-K may contain forward-looking
statements within the meaning of Section 27A of the Securities Act and Section
21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act").
This information may involve known and unknown risks, uncertainties and other
factors which may cause the Company's actual results, performance or
achievements to be materially different from future results, performance or
achievements expressed or implied by any forward-looking statements.
Forward-looking statements, which involve assumptions and describe the Company's
future plans, strategies and expectations, are generally identifiable by use of
the words "may," "will," "should," "expect," "anticipate," "estimate,"
"believe," "intend" or "project" or the negative of these words or other
variations on these words or comparable terminology. These forward-looking
statements are based on assumptions that may be incorrect, and there can be no
assurance that these projections included in these forward-looking statements
will come to pass. The Company's actual results could differ materially from
those expressed or implied by the forward-looking statements as a result of
various factors. Except as required by applicable laws, the Company undertakes
no obligation to update publicly any forward-looking statements for any reason,
even if new information becomes available or other events occur in the future.

Item 3.02  Unregistered Sales of Equity Securities

         On March 10, 2006, Applied Spectrum Technologies, Inc. (the "Company")
issued 700,000 shares of its common stock ("Common Stock") to KI Equity Partners
III, LLC ("KI Equity") for a purchase price of $35,000, or $0.05 per share. The
proceeds from the purchase price with be used for working capital to pay
expenses to maintain the reporting status of the Company.

         The above shares of Common Stock were issued under an exemption from
registration under Section 4(2) of the Securities Act of 1933, as amended
("Securities Act"). As such, the shares of Common Stock issued to KI Equity will
be restricted shares, and the holder thereof may not sell, transfer or otherwise
dispose of such shares without registration under the Securities Act or an
exemption therefrom. The Company has agreed to grant "piggyback" registration
rights to KI Equity with respect to the above shares.

         Immediately following the above stock issuances, the Company had
5,353,941 shares of Common Stock outstanding. KI Equity owns a total of
4,481,302 shares of the Company's Common Stock immediately after the above stock
issuances.

<PAGE>

                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
Applied Spectrum Technologies, Inc. has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.

                                         APPLIED SPECTRUM TECHNOLOGIES, INC.


Date:  March 10, 2006                    By: /s/ Kevin R. Keating
                                             -------------------------------
                                             Kevin R. Keating, President
{"company-data": {"conformed-name": "APPLIED SPECTRUM TECHNOLOGIES INC", "cik": "0000705868", "assigned-sic": "3661", "irs-number": "411419457", "state-of-incorporation": "MN", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-16397", "film-number": "06677804"}, "business-address": {"street1": "65 NORWOOD AVENUE", "city": "UPPER MONTCLAIR", "state": "NJ", "zip": "07043", "phone": "9737831117"}, "mail-address": {"street1": "65 NORWOOD AVENUE", "city": "UPPER MONTCLAIR", "state": "NJ", "zip": "07043"}}
================================================================================

                                  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)

                                 March 10, 2006

                          ----------------------------

                       Applied Spectrum Technologies, Inc.
               (Exact name of registrant as specified in charter)

                                    Delaware
         (State or other Jurisdiction of Incorporation or Organization)

        0-16397                                          41-2185030
(Commission File Number)                      (IRS Employer Identification No.)

                                 936A Beachland
                               Boulevard, Suite 13
                              Vero Beach, Fl 32963
              (Address of Principal Executive Offices and zip code)

                                 (772) 231-7544
              (Registrant's telephone number, including area code)

                                       N/A
          (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 registrant under any of the
following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)

[ ] Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17
CFR 240.14a-12(b))

[ ] 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))

================================================================================
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

         Information included in this Form 8-K may contain forward-looking
statements within the meaning of Section 27A of the Securities Act and Section
21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act").
This information may involve known and unknown risks, uncertainties and other
factors which may cause the Company's actual results, performance or
achievements to be materially different from future results, performance or
achievements expressed or implied by any forward-looking statements.
Forward-looking statements, which involve assumptions and describe the Company's
future plans, strategies and expectations, are generally identifiable by use of
the words "may," "will," "should," "expect," "anticipate," "estimate,"
"believe," "intend" or "project" or the negative of these words or other
variations on these words or comparable terminology. These forward-looking
statements are based on assumptions that may be incorrect, and there can be no
assurance that these projections included in these forward-looking statements
will come to pass. The Company's actual results could differ materially from
those expressed or implied by the forward-looking statements as a result of
various factors. Except as required by applicable laws, the Company undertakes
no obligation to update publicly any forward-looking statements for any reason,
even if new information becomes available or other events occur in the future.

Item 3.02  Unregistered Sales of Equity Securities

         On March 10, 2006, Applied Spectrum Technologies, Inc. (the "Company")
issued 700,000 shares of its common stock ("Common Stock") to KI Equity Partners
III, LLC ("KI Equity") for a purchase price of $35,000, or $0.05 per share. The
proceeds from the purchase price with be used for working capital to pay
expenses to maintain the reporting status of the Company.

         The above shares of Common Stock were issued under an exemption from
registration under Section 4(2) of the Securities Act of 1933, as amended
("Securities Act"). As such, the shares of Common Stock issued to KI Equity will
be restricted shares, and the holder thereof may not sell, transfer or otherwise
dispose of such shares without registration under the Securities Act or an
exemption therefrom. The Company has agreed to grant "piggyback" registration
rights to KI Equity with respect to the above shares.

         Immediately following the above stock issuances, the Company had
5,353,941 shares of Common Stock outstanding. KI Equity owns a total of
4,481,302 shares of the Company's Common Stock immediately after the above stock
issuances.
SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
Applied Spectrum Technologies, Inc. has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.

                                         APPLIED SPECTRUM TECHNOLOGIES, INC.

Date:  March 10, 2006                    By: /s/ Kevin R. Keating
                                             -------------------------------
                                             Kevin R. Keating, President