UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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) July 25, 2006
ADVANCE TECHNOLOGIES, INC.
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(Exact name of registrant as specified in its charter)
NEVADA 0-27175 95-4755369
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
15 N. Longspur Drive
The Woodlands, TX, 77380
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(Address of principal executive offices) (Zip Code)
(310) 213-2143
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Registrant's telephone number, including area code
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(Former name or former address, if changed since last report)
Check the appropriate box below of the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the 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 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))
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ITEM 8.01 OTHER EVENTS.
Advance Technologies Inc. reports an improvement in Enhanced Vision Systems
sales for the first 6 months of 2006. The EVS sales of 52 units for the first
six months of 2006 is +63% above last year. The increasing sales continued in
2006 with the second quarter of 2006 +125% increase over the previous quarter
(the first quarter of 2006). These figures are based upon same-customer sales.
Advanced Technologies Inc. has been receiving sales credit from Kollsman Inc.
since 2002 for EVS. The first 200 units sold were stipulated as "without
royalties". The next 1,800 units will earn royalties as specified under the
Kollsman license agreement. In that agreement, 63% of the royalty income on the
first 210 units is applied to an "advance royalty" account. It is anticipated
that payment in full of the "advance royalty" account will be achieved by the
end of 2006 based upon most current sales levels.
The satisfying of the "Advance Royalty Account" will have the effect of
increasing royalty earnings on subsequent EVS sales for Advance Technologies
Inc. by 167% through increased margins on a same-sales basis.
This announcement contains certain forward-looking statements and information
that are based on the beliefs of management as well as assumptions made by and
information currently available to management. When used in this document, the
words "anticipate," "believe," "estimate," "expect," "intend," "will," "plan,"
"should," "seek," and similar expressions, are intended to identify
forward-looking statements. Such statements reflect the current view of
management regarding future events and are subject to certain risks,
uncertainties and assumptions. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove incorrect,
actual actions or results may vary materially from those described herein as
anticipated, believed, estimated, expected or intended.
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: July 25, 2006 ADVANCE TECHNOLOGIES, INC.
By: /s/ GARY E. BALL
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Gary E. Ball
President and Director
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