FILER:

     COMPANY DATA:
           COMPANY CONFORMED NAME:            ASI ENTERTAINMENT, INC.
           CENTRAL INDEX KEY:                 1067873
           STANDARD INDUSTRIAL CLASSIFICATION: AIRCRAFT PART & AUXILIARY
                                              EQUIPMENT, NEC [3728]
           IRS NUMBER:                        522101695
           STATE OF INCORPORATION:            DE
           FISCAL YEAR END:                   0630

     FILING VALUES:
           FORM TYPE:                   10QSB
           SEC ACT:                     1934 Act
           A-B
           SEC FILE NUMBER:             000-27881
           FILM NUMBER:                 544289

     BUSINESS ADDRESS:
           STREET 1:                    954 LEXINGTON AVE.
           STREET 2:                    SUITE 242
           CITY:                        NEW YORK
           STATE:                       NY
           ZIP:                         10021
           BUSINESS PHONE:              210 775 2468

     MAIL ADDRESS:
           STREET 1:                    Level 1, 45 EXHIBITION STREET
           STREET 2:
           CITY:                        MELBOURNE
           STATE:                       VICTORIA
           ZIP:                         3000






































                                UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                                 FORM 10-QSB
(Mark One)
              QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE
                       SECURITIES EXCHANGE ACT OF 1934
                For the quarterly period ended MARCH 31, 2008


[ ]        TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT


                 Commission file number  000-27881

                 ASI ENTERTAINMENT, INC.
(Exact name of small business issuer as specified in its charter)


              Delaware                                 522101695
(State or other jurisdiction of           (IRS Employer Identification No.)
incorporation or organization)

                        Level 1, 45 Exhibition Street
                     Melbourne, Victoria, 3000, Australia
                  (Address of principal executive officers)

                               +61 3 9016 3021
                         (Issuer's telephone number)


  (Former name, former address and former fiscal year, if changed since last
                                   report)


   APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE
                             PRECEDING FIVE YEARS

Check whether the registrant filed all documents and reports required to be
filed by Section l2, 13 or 15(d) of the Exchange Act after the distribution of
securities under a plan confirmed by a court. Yes [ ] No [ ]

                     APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of
common equity, as of the latest practicable date: 58,213,654

Transitional Small Business Disclosure Format (Check one): Yes [ ] No [ ]













<PAGE>







                   ASI ENTERTAINMENT, INC. AND SUBSIDIARIES


                                 FORM 10-QSB

                     FOR THE QUARTER ENDED MARCH 31, 2008

                                    INDEX

PART I. FINANCIAL INFORMATION.................................................2

ITEM 1. Financial Statements..................................................2

PART 1: FINANCIAL INFORMATION.................................................7

ITEM 2. Management's Discussion and Analysis or Plan of Operation.............7

PART II.OTHER INFORMATION....................................................10

ITEM 1.Legal Proceedings.....................................................10

ITEM 2.Changes in Securities.................................................10

ITEM 3.Defaults upon Senior Securities.......................................10

ITEM 4.Submission of Matters to a Vote of Security Holders...................10

ITEM 5.Other Information.....................................................10

ITEM 6.Exhibits and Reports on Form 8-K......................................10

ITEM 7.Controls and Procedures...............................................10

SIGNATURES...................................................................11
























                                    - 1 -
<PAGE>








PART I. FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS
                   ASI ENTERTAINMENT, INC. AND SUBSIDIARIES
                          CONSOLIDATED BALANCE SHEET
                             AS OF MARCH 31, 2008
                                 (UNAUDITED)

ASSETS

CURRENT ASSETS
Cash and cash equivalents                                             1,485
Receivables                                                         100,000
Other receivables                                                         0
                                                             --------------
Total Current Assets                                                101,485
                                                             --------------

NON CURRENT ASSETS
Property and equipment                                                    0
                                                             --------------
Total Non Current Assets                                                  0
                                                             --------------
TOTAL ASSETS                                                        101,485
                                                             ==============

LIABILITIES AND SHARHOLDERS' EQUITY

CURRENT LIABILITIES
Accounts payable and accrued expenses                                 18,831
Other creditors                                                           0
Due to related parties                                              531,311
Stock subscription payable                                                0
                                                             --------------
Total Liabilities                                                   550,142
                                                             --------------

STOCKHOLDERS' EQUITY
Preferred stock $0.0001 par value, 20,000,000 shares          $            0
authorized, non issued and outstanding

Common stock, $0.0001 par value, 100,000,000                  $        5,822
 shares authorized, 58,213,654 shares issued and outstanding

Additional paid-in capital                                    $    7,683,897
Treasury stock -
              - par value (50,000 shares)                    $        (   5)
Accumulated deficit                                                  $
                                                                 (8,138,370)
Accumulated other comprehensive loss                                 $     0
                                                             --------------
Total Stockholders' Equity                                    $     (448,656)
                                                             --------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                    $      101,486
                                                             ==============

    See accompanying notes to unaudited consolidated financial statements.




                                    - 2 -
<PAGE>








                   ASI ENTERTAINMENT, INC. AND SUBSIDIARIES
           CONSOLIDATED STATEMENT OF INCOME AND COMPREHENSIVE INCOME
                             AS OF MARCH 31, 2008
                                 (UNAUDITED)
<TABLE>
<CAPTION>
                                           Three              Nine              Three              Nine
                                           months            months            months            months
                                           ending            ending            ending            ending
                                        Mar 31, 2008      Mar 31, 2008      Mar 31, 2007      Mar 31, 2007
<S>                                   <C>               <C>               <C>               <C>
REVENUE                                       100,000           100,000                 0                 0
Interest Received                                   0                 0                 0                23
Cost of Sales                                       0                 0                 0                 0
                                       --------------     --------------     --------------     --------------
Gross Profit                                  100,000           100,000                 0                23
                                       --------------     --------------     --------------     --------------
EXPENSES:
Accounting and auditing                             0            12,500                 0            15,797
Advertising and promotion                           0                 0                 0               175
Banking                                           158               703                 0               309
Consulting fees                                     0                 0                 0            58,177
Convention expenses                                 0                 0                 0            49,653
Corporate administration                        1,221             2,707             2,007             6,941
Corporate promotion                               267               267             2,297             3,213
Depreciation                                        0                 0                 0             2,607
Directors fees                                  8,000             8,000                 0             6,646
Engineering                                         0            20,000                 0            65,760
Management fee                                 19,500           152,917            60,600           168,769
Marketing expense                                   0                 0                 0            37,940
Office expenses, rent, utilities                  543             2,140               120            18,850
Patent Attorney                                   634             8,903                 0                 0
Travel                                          2,912             3,596               604                22
                                      ---------------    ---------------    ---------------    ---------------
Total Expenses                                 33,235           211,733            65,628           434,859
                                      ---------------    ---------------    ---------------    ---------------
Net Profit/(Loss)                       $      66,765    $      (111,733)   $      (65,628)   $      (434,836)
                                       ==============     ==============     ==============     ==============
Foreign Currency Translation                $       0         $       0         $       0         $       0
Gain/(Loss), net-of-tax
                                      ---------------    ---------------    ---------------    ---------------
Comprehensive Profit/(Loss)             $      66,765    $      (111,733)   $      (65,628)   $      (434,836)
                                      ===============    ===============    ===============    ===============
Weighted average number of shares           58,213,654        56,745,042        30,953,265        25,655,950
outstanding during the period
                                      ===============    ================   ===============    ================
Net Profit/(Loss) per common share       $        0.001   $        (0.002)   $        (0.002)   $        (0.017)
and equivalents
                                      ===============    ================   ===============    ================
</TABLE>

    See accompanying notes to unaudited consolidated financial statements.








                                    - 3 -
<PAGE>








                   ASI ENTERTAINMENT, INC. AND SUBSIDIARIES
                     CONSOLIDATED STATEMENT OF CASH FLOWS
                             AS OF MARCH 31, 2008
                                 (UNAUDITED)
<TABLE>
<CAPTION>
                                                                             Nine                Nine
                                                                            months              months
                                                                            ending              ending
                                                                         Mar 31, 2008         Mar 31, 2007
<S>                                                                   <C>                 <C>
Cash flows from operating activities:
Net Profit/(Loss)                                                            (111,733)            (434,836)
                                                                      --------------       --------------
Adj. To reconcile net loss to net cash provided by operating
activities:
    Depreciation                                                                   0               2,608
    Compensatory stock issuances                                                    0              44,285
    Consulting expenses paid by stock and/or options                                0              79,063

Changes in operating assets and liabilities:
    (Increase)/decrease in:
        Trade accounts receivable                                           (100,000)                  0
        Other Receivables                                                     75,000               ( 913)

    Increase/(decrease) in:
        Accounts payable and accrued expenses                                 (11,695)              95,485
        Loans & Advances                                                     (61,814)                  0
                                                                      --------------       --------------
Total adjustments to reconcile net loss to cash provided by operating          (98,509)             220,528
activities:
                                                                      --------------       --------------
Net cash used in operating activities                                        (210,242)            (214,308)
                                                                      --------------       --------------
Net Cash flow from investing activities:
    (Increase)/decrease in plant and equipment                                      0             (250,000)
    Monetary accounts on privatisation of subsidiary                                0              (83,096)
                                                                      --------------       --------------
Net cash provided by (used in) investing activities                                 0             (333,096)
                                                                      --------------      --------------
Cash flow from financing activities:
    Increase/(decrease) in amount due to related parties                      160,598              296,451
    Equity for debt swap                                                      15,100                   0
    Proceeds from issuance of common stock, net                                30,046                   0
    Other loans and advances                                                       0              250,000
                                                                      --------------       --------------
Net cash from financing activities                                            205,744              546,451
                                                                      --------------       --------------
Effect of exchange rate changes on cash                                             0                   0
Net increase/(decrease) in cash                                                (4,498)              ( 953)
                                                                      --------------      --------------
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD                                5,984                 953
                                                                      --------------       --------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD                                      1,486                   0
                                                                      ==============       ==============
</TABLE>

    See accompanying notes to unaudited consolidated financial statements.


                                    - 4 -
<PAGE>









Note 1. Summary of Significant Accounting Policies

Principles of Consolidation

The accompanying unaudited consolidated financial statements include the
accounts of ASI Entertainment, Inc. and its wholly owned subsidiary, ASI
Technologies, Inc.  All entities are collectively referred to as "the Company".
All intercompany accounts and transactions have been eliminated in
consolidation.


Basis of Presentation

The accompanying unaudited consolidated financial statements of the Company
have been prepared in accordance with Generally Accepted Accounting Principles
used in the United States and with the rules and regulations of the United
States Securities and Exchange Commission for the interim financial
information.  Accordingly, they do not include all the information and
footnotes necessary for a comprehensive presentation of financial position and
results of operations.

The functional currency of the company is the United States dollar.  The
unaudited consolidated financial statements are expressed in United States
dollars.  It is management's opinion that any material adjustments (consisting
of normal recurring adjustments) have been made which are necessary for a fair
consolidated financial statement presentation.  The results for the interim
period are not necessarily indicative of the results to be expected for the
year.

For further information, refer to the financial statements and footnotes of ASI
Entertainment, Inc. included in the Company's Form 10KSB for the year ended
June 30, 2007.
..

Per Share Data

Net loss per common share is computed by dividing net loss by the weighted
average common shares outstanding during the period as defined by Financial
Accounting Standards, No. 128, "Earnings per Share".  The assumed exercise of
common share equivalents was not utilized for the 341,500 $1.00 options
currently outstanding to purchase the Company's shares, since the effect was
anti-dilutive.

















                                    - 5 -
<PAGE>







              ASI ENTERTAINMENT, INC. AND SUBSIDIARIES
                            NOTES TO BALANCE SHEET
                             AS OF MARCH 31, 2008
                                 (UNAUDITED)
NOTE 2. Going Concern

The accompanying financial statements have been prepared assuming that the
Company will continue as a going concern.  As such, they do not include
adjustments relating to the recoverability of recorded asset amounts and
classification of recorded assets and liabilities.  The Company had accumulated
losses of approximately $8,138,370 at March 31, 2008 and will be required to
make significant expenditure in connection with development of the SafeCell
intellectual property and in seeking other investments along with general and
administrative expenses.  The Company's ability to continue its operations is
dependant upon its raising of capital through debt or equity financing in order
to meet its working needs.

These conditions raise substantial doubt about the Company's ability to
continue as a going concern, and if substantial additional funding is not
acquired or alternative sources developed, management will be required to
curtail its operations.

The Company may raise additional capital by the sale of its equity securities,
through an offering of debt securities, or from borrowing from a financial
institution.  The Company does not have a policy on the amount of borrowing or
debt that the Company can incur.  Management believes that actions presently
being taken to obtain additional funding provides the additional opportunity
for the Company to continue as a going concern.


Note 3. Issuance of common stock

During the three month period ended March 31, 2008, the Company issued no
shares of common stock and as a result has taken up Common Stock of nil.


























                                    - 6 -
<PAGE>








PART 1: FINANCIAL INFORMATION
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

The following discussion should be read in conjunction with the accompanying
consolidated financial statements for the three-month period ended March 31,
2008 and the Form 10-KSB for the fiscal year ended June 30, 2007.

Certain statements contained in this report, that are not historical facts are
"forward-looking" statements within the meaning of Section 21E of the
Securities and Exchange Act of 1934, and because such statements involve risks
and uncertainties, actual results may differ materially from those expressed or
implied by such forward-looking statements. Forward-looking statements are
statements regarding the intent, belief, or current expectations, estimates, or
projections of the company, its directors, or its officers about the company
and the industry in which it operates and are based on assumptions made by
management. Forward-looking statements include without limitation statements
regarding: (a) the company's strategies regarding growth and business
expansion, including future acquisitions; (b) the company's financing plans;
(c) trends affecting the company's financial condition or results of
operations; (d) the company's ability to continue to control costs and to meet
its liquidity and other financing needs; (e) the declaration and payment of
dividends; and (f) the company's ability to respond to changes in customer
demand and regulations. Although the company believes that its expectations are
based on reasonable assumptions, it can give no assurance that the anticipated
results will occur. When issued in this report, the words "expects",
"anticipates", "intends", "plans", "believes", "seeks", "estimates", and
similar expressions are generally intended to identify forward-looking
statements. Important factors that could cause the actual results to differ
materially from those in the forward-looking statements include, among other
items, (i) changes in the regulatory and general economic environment; (ii)
conditions in the capital markets, including the interest rate environment and
the availability of capital; (iii) changes in the competitive marketplace that
could affect the company's revenue and/or cost and expenses, such as increased
competition, lack of qualified marketing, management or other personnel, and
increased labor and inventory costs; (iv) changes in technology or customer
requirements, which could render the company's technologies noncompetitive or
obsolete; (v) new product introductions, product sales mix, and the geographic
mix of sales. The company disclaims any intention or obligation to update or
revise forward-looking statements, whether as a result of new information,
future events, or otherwise.

RESULTS AND PLAN OF OPERATIONS

THREE MONTHS ENDED MARCH 31, 2008 COMPARED TO THREE MONTHS ENDED MARCH 31, 2007

Revenue and Gross profit in the three month period ended March 31, 2008 was
$100,000 as a result of sale of a license to the Company's SafeCell Technology.
In the corresponding three month period ended March 31, 2007 revenue and gross
profit was nil.

The Company had a net profit of $66,765 in the three month period ended March
31, 2008 compared to a net loss of $65,628 in the three month period ended
March 31, 2007.  Expenses decreased from $65,628 in the three months ended
March 31, 2007 to $33,235 in the three months ended March 31, 2008 because of
decreased management fees.

The Company recorded a comprehensive profit of $66,765 for the three month
period ended March 31, 2008 compared to a comprehensive loss of $65,628 for the
three month period ended March 31, 2007.
                                    - 7 -
<PAGE>









NINE MONTHS ENDED MARCH 31, 2008 COMPARED TO NINE MONTHS ENDED MARCH 31, 2007

Revenue and Gross profit in the nine month period ended March 31, 2008 was
$100,000 as a result of sale of a license to the Company's SafeCell Technology.
In the corresponding nine month period ended March 31, 2007 revenue and gross
profit was $23.

The Company had a net loss of $111,733 in the nine month period ended March 31,
2008 compared to a net loss of $434,836 in the nine month period ended March
31, 2007.  Expenses decreased from $434,859 in the nine months ended March 31,
2007 to $211,733 in the nine months ended March 31, 2008 because of decreased
marketing expenses, engineering, convention expenses and consulting fees but
after increased patent attorney fees.

The Company recorded a comprehensive loss of $111,733 for the nine month period
ended March 31, 2008 compared to a comprehensive loss of $434,836 for the nine
month period ended March 31, 2007.









































                                    - 8 -
<PAGE>









LIQUIDITY AND CAPITAL RESOURCES

The Company has used the proceeds from the sale of the securities and operating
revenue for payment of operating costs to date. The Company's cash and cash
equivalents decreased from $5,984 at July 1, 2007, to $1,486 at March 31, 2008.

The Company incurred a net loss of $111,733 from operating activities for the
period July 1, 2007 to March 31, 2008 primarily due to management fees and
engineering expenses.

The Company's revenue in the nine months ending March 31, 2008 was $100,000
compared to $  23 in the nine month period ending March 31, 2007.

The Company had cash flow of nil from investing activities for the nine months
ending March 31, 2008, compared to negative $333,096 in the nine months ending
March 31, 2007 as a result of privatization of a subsidiary.

The cash flow of the Company from financing activities for the nine months
ending March 31, 2008 was from increased advances from related parties, sale of
shares and a debt for equity swap.

The Company's plan for the SafeCell intellectual property will require funding
for the completion of the patent application, then further funding for
marketing to set up license and royalty agreements.

The Company may raise additional capital by the sale of its equity securities,
through an offering of debt securities, or from borrowing from a financial
institution. The Company does not have a policy on the amount of borrowing or
debt that the Company can incur.





























                                    - 9 -
<PAGE>









PART II.OTHER INFORMATION

ITEM 1.LEGAL PROCEEDINGS

None

ITEM 2.CHANGES IN SECURITIES

None

ITEM 3.DEFAULTS UPON SENIOR SECURITIES

None

ITEM 4.SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

None

ITEM 5.OTHER INFORMATION

None

ITEM 6.EXHIBITS AND REPORTS ON FORM 8-K

(a) The following report on Form 8-K was filed during the last quarter:

(1) 8-K filed March 12, 2008 reporting a licence agreement had been entered
    into for the Company's SafeCell system.

(b) The following exhibits are included herein:

Exhibit No.
          Document Description

99.1       Press release of ASI Entertainment, Inc. dated March 12, 2008


ITEM 7.CONTROLS AND PROCEDURES

(a) Evaluation of disclosure controls and procedures. Ronald J. Chapman, who
serves as the Company's Chief Executive Officer, and Philip A. Shiels,
Principal Financial Officer, after evaluating the effectiveness of the
Company's disclosure controls and procedures (as defined in Exchange Act Rules
13a-14(c) and 15d-14(c) as of a date within 90 days of the filing date of the
quarterly report (the "Evaluation Date") concluded that as of the Evaluation
Date, the Company's disclosure controls and procedures were adequate and
effective to ensure that material information relating to the Company and its
consolidated subsidiaries would be made known to them by individuals within
those entities, particularly during the period in which this quarterly report
was being prepared.

(b) Changes in internal controls.
There were no significant changes in the Company's internal controls or in
other factors that could significantly affect the Company's disclosure controls
and procedures subsequent to the Evaluation Date, nor any significant
deficiencies or material weaknesses in such disclosure controls and procedures
requiring corrective actions. As a result, no corrective actions were taken.

                                   - 10 -
<PAGE>








SIGNATURES

In accordance with the Exchange Act, the registrant has duly caused this report
to be signed on its behalf by the undersigned thereunto duly authorized.


ASI ENTERTAINMENT, INC.

 SIGNATURE                  TITLE                              DATE





By:    /s/
Richard Lukso                Director                            05/10/2008





By:    /s/
Ronald J. Chapman             Director                           05/10/2008





By:    /s/
Philip A.  Shiels             Director                           05/10/2008





By:    /s/
Graham O. Chappell            Director                           05/10/2008







</SEC-DOCUMENT>














                                   - 11 -
<PAGE>