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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
POWER TECHNOLOGY, INC.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
989447-10-7
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(CUSIP Number)
STEPHEN A. ZRENDA, JR., STEPHEN A. ZRENDA, JR., P.C.,
100 NORTH BROADWAY, SUITE 1520,
OKLAHOMA CITY, OKLAHOMA 71302-8601; (405) 235-2111
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
OCTOBER 15, 1998
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check the following
box. / /
Check the following box if a fee is being paid with the statement. / /
(A fee is not required only if the reporting person: (1) has a previous
statement on file reporting beneficial ownership of more than five percent
of the class securities described in Item 1; and (2) has filed no amendment
subsequent thereto reporting beneficial ownership of five percent or less of
such class). (See Rule 13d-7.)
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section
of the Act but shall be subject to all other provisions of the Act (however,
see the Notes).
Exhibit Index on Page 5
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SCHEDULE 13D
CUSIP NO. 989447-10-7
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(1) Names of Reporting Person. S.S. or I.R.S. Identification No. of Above
Person
LEE A. BALAK
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) / /
NOT APPLICABLE
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(3) SEC Use Only
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(4) Source of Funds*
PF
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(5) Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) / /
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(6) Citizenship or Place of Organization
CANADA
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Number of Shares (7) Sole Voting Power
Beneficially Owned 3,488,000
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting Power
0
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(9) Sole Dispositive Power
3,488,000
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(10) Shared Dispositive Power
0
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
3,488,000
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares*
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(13) Percent of Class Represented by Amount in Row (11)
30.4%
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(14) Type of Reporting Person*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
INCLUDES BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
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ITEM 1. SECURITY AND ISSUER
This statement relates to the Common Stock, $.001 par value (the "Common
Stock") of Power Technology, Inc., a Nevada corporation (the "Issuer"), which
has its principal executive offices at 1000 West Bonanza Road, Las Vegas,
Nevada 89106.
ITEM 2. IDENTITY AND BACKGROUND
This statement relates to the securities of the Issuer that were acquired
by Lee A. Balak ("Balak"). Balak is an individual. The principal occupation
of Balak is President of the Issuer, and is also a consultant. His business
address is 2450 Palmerston Avenue, West Vancouver, B.C., Canada V7V 2W3.
Mr. Balak has not during the last five years, been convicted in any
criminal proceeding (excluding traffic violations or similar misdemeanors) or
been a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction and, as a result of such proceeding, was or is subject
to a judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities
laws or finding any violations with respect to such laws.
Balak is a citizen of Canada.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Balak originally acquired 3,500,000 shares of Common Stock, $.001 par
value ("Common Stock") in regard to the reorganization of the Issuer in
January 1998. The purchase was made from the personal funds of Balak,
without loans or other financing arrangements.
ITEM 4. PURPOSE OF TRANSACTION
The purpose of the acquisition of the securities of the Issuer by Balak
was for investments purposes.
(a) There are no current plans or proposals by Balak to acquire any
additional securities of the Issuer, or to dispose of any securities of the
Issuer.
(b) There are no current plans or proposals regarding an extraordinary
transaction, such as a merger, reorganization, or liquidation involving the
Issuer or its subsidiaries.
(c) There are no current plans or proposals involving a sale or
transfer of a material amount of the assets of the Issuer or its subsidiaries.
(d) The Board of Directors of the Issuer has an authorized number of
three members. There are no present plans to change the total authorized
number of directors (4) on the Board of Directors, or to change their term of
office. No persons have been proposed or selected to serve as new directors
or officers at this time.
(e) There are no current plans or proposals to cause any material change
in the present capitalization or dividend policy of the Issuer.
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(f) There are no current plans or proposals to makes material changes in
the Issuer's business or corporate structure.
(g) There are no current plans or proposals to make any changes in the
Issuer's charter, bylaws or similar instruments, or other actions that may
impede the acquisition of control of the Issuer by any person.
(h) There are no current plans or proposals to cause the Common Stock of
the Issuer to be delisted from the NASD electronic bulletin board.
(i) There are no current plans or proposals to cause the Common Stock of
the Issuer to become eligible for termination of registration pursuant to
Section 12(g)(4) of the Securities Exchange Act of 1934.
(j) There are no current plans or proposals regarding any action similar
to those enumerated above.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) As of the date hereof, Balak is the direct beneficial owner of
3,488,000 shares of the Common Stock of the Issuer.
(b) Balak has the sole power to vote and to dispose of the securities of
the Issuer described herein.
(c) No purchases or sales of the Common Stock of the Issuer have been
made by Balak in the past 60 days, except one transfer of 32,000 shares of
the Issuer.
(d) To the best knowledge of Balak, no other person has the right to
receive or the power to direct the receipt of dividends from, or the proceeds
from the sale of, the securities beneficially owned by Balak.
(e) Not Applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
There are no contracts, arrangements, understandings or relationships
(legal or otherwise) to the best of Balak's knowledge, concerning the transfer
or the voting of any securities of the Issuer, finder's fees, joint ventures,
loan or option arrangements, puts or calls, guarantees of profits, division
of profits or loss, or the giving or withholding of proxies regarding the
securities of the Issuer owned by Balak.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
None
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SIGNATURE
After reasonable inquiry and to the best of his knowledge and belief, he
certifies that the information set forth in this statement is true, correct
and complete.
October 15, 1998 /s/ Lee A. Balak
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Lee A. Balak
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EXHIBIT INDEX
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None
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