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


                                  FORM 10-KSB/A
                                 Amendment No. 1


                                  ANNUAL REPORT
        UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
                     For the fiscal year ended June 30, 2000


                          LOG POINT TECHNOLOGIES, INC.
                          ----------------------------
                 (Name of Small Business Issuer in its Charter)


                Colorado                                  84-1360787
                --------                                  ----------
(State or other jurisdiction of incorporation or        (IRS Employer
 organization)                                          Identification  Number)

465 Fairchild  Drive,  Suite  111,  Mountain  View,  CA                94043
----------------------------------------------------------            --------
(Address  of  principal executive offices)                           (Zip Code)

                                 (650) 967-3974
                                 --------------
                           (Issuer's Telephone Number)


Securities  to  be  registered  pursuant  to  Section  12(b)  of  the  Act:

Title of each class to be registered:            Name of each exchange on which
                                                 each class is to be registered:

                 N/A                                         N/A
-----------------------------------            ---------------------------------



Securities  to  be  registered  pursuant  to  Section  12(g)  of  the  Act:

                                  Common  Stock
--------------------------------------------------------------------------------


<PAGE>
Check  whether  the issuer (1) filed all reports required to be filed by Section
13  or  15(d)  of  the  Exchange  Act during the past 12 months (or such shorter
period  that the registrant was required to file such reports), and (2) has been
subject  to  such  filing  requirements  for  the  past  90 days. [X] Yes [ ] No

Check  if there is no disclosure of delinquent filers in response to Item 405 of
Regulation  S-B  is  not  contained  in  this  form,  and  no disclosure will be
contained,  to  the best of registrant's knowledge, in definitive or information
statements  incorporated  by  reference  in  Part III of this Form 10-KSB or any
amendment  to  this  Form  10-KSB.  [X]

The  Company's  revenues  for  its  most  recent  year  were  $0.00.
                                                              ------

The  aggregate  market  value of the voting and non-voting common equity held by
non-affiliates  was  approximately  $4,500,000  as  of  September  25,  2000.

The  number  of  shares  outstanding  of  the  Company's  classes  of common and
preferred  equity  are  as  follows.

a.  Common  Stock
  ---------------

The  Company  is authorized to issue 50,000,000 shares of no par value per share
common stock.  The holders of each share are entitled to one vote for each share
held,  and  are  entitled  to  dividends  when  and  as declared by the Board of
Directors.  At September 25, 2000,  common shares issued and outstanding totaled
11,247,333.

b.  Preferred  Stock
  ------------------

The  Company  is  authorized to issue 5,000,000 shares of no par value per share
preferred  stock,  which  may be issued in classes or series with various rights
and  designations  by the Board of Directors.  No shares have been issued.  Each
share  of  preferred  stock is entitled to dividends when and if declared by the
Board  of  Directors.


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


<PAGE>
                          LOG POINT TECHNOLOGIES, INC.

                          ANNUAL REPORT ON FORM 10-KSB

                        FOR THE YEAR ENDED JUNE 30, 2000

                                TABLE OF CONTENTS

PART I
ITEM  1.     DESCRIPTION  OF  BUSINESS
ITEM  2.     DESCRIPTION  OF  PROPERTY
ITEM  3.     LEGAL  PROCEEDINGS
ITEM  4.     SUBMISSION  OF  MATTERS  TO  A  VOTE  OF  SECURITIES  HOLDERS
PART II
ITEM  5.     MARKET  FOR  REGISTRANT'S  COMMON  EQUITY  AND  RELATED
             STOCKHOLDER  MATTERS
ITEM  6.     MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OF  FINANCIAL  CONDITION
             AND  RESULTS  OF  OPERATIONS
ITEM  7.     FINANCIAL  STATEMENTS
ITEM  8.     CHANGES  IN  AND  DISAGREEMENTS  WITH  ACCOUNTANTS
             ON  ACCOUNTING  AND  FINANCIAL  DISCLOSURES
PART III
ITEM  9.     DIRECTORS  AND  EXECUTIVE  OFFICERS  OF  THE  REGISTRANT
ITEM  10.    EXECUTIVE  COMPENSATION
ITEM  11.    SECURITY  OWNERSHIP  OF  CERTAIN  BENEFICIAL  OWNERS
             AND  MANAGEMENT
ITEM  12.    CERTAIN  RELATIONSHIPS  AND  RELATED  TRANSACTIONS
ITEM  13.    EXHIBITS  AND  REPORTS  ON  FORM  8-K

Certain  statements  contained  in  this Annual Report on Form 10-KSB, including
without  limitation,  statements containing the words "believes", "anticipates",
"hopes",  "intends",  "expects",  and  other words of similar import, constitute
"forward looking" statements within the meaning of the Private Litigation Reform
Act  of  1995. Such statements involve known and unknown risk, uncertainties and
other  factors  which  may  cause  actual  events  to  differ  materially  from
expectations.  Such  factors  include  the  following:  (1)  technological,
engineering,  quality  control or other circumstances which could delay the sale
or  shipment  of  products.;  (2)  economic,  business,  market  and competitive
conditions  in  the  software industry and technological innovations which could
affect  the Company's business; (3) the Company's inability to protect its trade
secrets  or  other  proprietary  rights,  operate  without  infringing  upon the
proprietary  rights  of  others  or  prevent  others  from  infringing  on  the
proprietary  rights  of  the  Company;  and  (4)  general  economic and business
conditions  and  the  availability  of  sufficient  financing.


<PAGE>
                                     PART I

ITEM  1.     DESCRIPTION  OF  BUSINESS.

INTRODUCTION
------------

Log Point is, and has been for the past seven years, a development stage digital
electronics  company that develops high performance embedded digital computation
products.   Log  Point's  innovations  include  software that can be embedded in
software  applications,  a set of mathematical functions that can be embedded in
computer  software  languages,  and  electronic  firmware that can be mounted on
printed-circuit  boards.  These  products  are  used  to  perform  specific
mathematical  functions  many  times faster than currently available technology.
These products can be used to complement or modify existing microcontrollers and
microprocessors  to  substantially  improve their performance.  They can also be
used  to  build  stand-alone  math  coprocessors,  graphics  chips  and graphics
accelerators  that  work  with  or  expand the capabilities of existing hardware
numerical  processors.

Log  Point began as a private, California based research and development firm in
February,  1993.  On  October  24,  1997,  a transaction was closed in which Log
Point  California  was  merged  into  Sandtech  Developments,  Inc.,  a Colorado
corporation organized on July 19, 1996.  Through this merger, accounted for as a
reverse  purchase  acquisition,  Sandtech Developments, Inc. acquired all of the
assets  and  liabilities  of  Log  Point  California,  the  name  of  Sandtech
Developments, Inc. was changed to Log Point Technologies, Inc., new officers and
directors  were elected, and the shareholders of Log point California became the
controlling  shareholders  of  Sandtech  Developments,  Inc.

There  have  been  no bankruptcies, receiverships or similar proceedings in this
Company.

BUSINESS
--------

General
-------

Log Point is, and has been for the past seven years, a development stage digital
electronics  company that develops high performance embedded digital computation
products.   Log  Point's  innovations  include  software that can be embedded in
software  applications,  a set of mathematical functions that can be embedded in
computer  software  languages,  and  electronic  firmware that can be mounted on
printed-circuit  boards.  These  products  are  used  to  perform  specific
mathematical  functions  many  times faster than currently available technology.
These products can be used to complement or modify existing microcontrollers and
microprocessors  to  substantially  improve their performance.  They can also be
used  to  build  stand-alone  math  coprocessors,  graphics  chips  and graphics
accelerators  that  work  with  or  expand the capabilities of existing hardware
numerical  processors.


<PAGE>
The  Company's  products are based upon its patented logarithm-based computation
processes  for  use  in  the  software  and  digital  electronics  industries.
Math-intensive  applications  that  are  enhanced  by  Log  Point's  processes
experience  speed increases of 2 to 1000 times faster than conventional methods.
The  Company  uses  its  exponential floating-point computational methodology to
increase greatly the speed of computer applications, such as sound and graphics.
When  applied  to low-cost high-volume computer chips, the Company believes that
resulting speed increases can make such chips economical for use in all sorts of
digital  electronic  products,  making  them  "smart"  products.  In  addition,
applying  the  Company's  technology  in  newer  chips  significantly  enhances
performance  in  software  and  digital  electronic  products.

The  Company's  products  can  be  incorporated in digital electronics chips and
microprocessors  in  areas  such  as  automotive  controls,  games,  2-D and 3-D
graphics, handheld and desktop personal computers, computer networks and related
computer  peripherals, signal processing, multimedia, avionics, instrumentation,
laser  printers,  robotics,  imaging, instrumentation, computers and peripheral,
and  communications.

To  maintain  a  competitive edge in price sensitive volume consumer electronics
products,  the  Company  believes  that manufacturers of such products face many
challenges,  such  as  a market that demands increasing product performance, the
need  of a lower cost per function, the problem of a decreasing product life and
the  need  to  decrease  the time from product development to market.  Log Point
believes  its  products  meet  these  needs.

Log  Point's  technology  is  based  on  logarithms  and ultra efficient look-up
table-based  function  generators  providing fast and precise calculations. This
technology allows many new design alternatives, and efficient computations, even
in  pure  software  executed  by  low-cost  embedded  computer  chips.

While  developing  its hardware designs, Log Point made what it believes to be a
breakthrough  in  numerical computation.  Through electronic design, the silicon
area  for  Log  Point technology was shown to be more than 10 times smaller than
the  area  required  for conventional floating point hardware. This reduction in
silicon  area  means that less power is consumed by the hardware chip that leads
to  less  heat  generation.  Thus  the  reduced silicon area leads to lower-cost
product  designs  and  to  longer  battery  life  for  the  end user of consumer
electronics.

Log  Point  possesses  exclusive  rights  to market and vend products based upon
patents  on  its  technology.  Log  Point  has completed construction of several
SuperSpeed  Soft  CoProcessor  products  and  is  now  marketing  these products
directly  and  as  a third-party vendor on Microsoft and Inprise (f/k/a Borland)
and  several  major  semiconductor  chip manufacturers (Intel, Fujitsu, National
Semiconductor  and  Mitsubishi)  websites. These companies have placed Log Point
products  on  their  web  sites  with  links  to  Log  Point's  web  site  at
http://www.logpoint.com.  Log  Point  also  has  links  to  the  above companies
websites  at  http://www.logpoint.com/interest.htm.


<PAGE>
The  Company is targeting its present SuperSpeed software product designs to the
manufacturers  and users of embedded microprocessors, including manufacturers of
numerous categories of lower-cost, volume manufactured electronic products.  The
SuperSpeed  software  products  include  Soft  CoProcessor  high  performance
exponential  floating-point  (efp)  virtual  processors  and  scaled-integer
generators  of  numerous  scientific  and  engineering  functions heretofore not
available  at  ultra-high  speed  and  low  cost.  "Floating  point" and "scaled
integer"  refers  to particular ways that numbers are represented in a computer.

The  Company  is targeting its electronics efp hardware designs to manufacturers
of  32  to  64 bit embedded microprocessors, including manufacturers of numerous
categories  of  volume  manufactured  consumer  digital  electronic  products.

Log Point's marketing effort is centered on developing joint marketing and sales
efforts  with microprocessor manufacturers, compiler vendors, and other embedded
systems  vendors  such  that  both  Log  Point and other companies leverage each
other's  capabilities  to  increase  product  sales.  Log Point is continuing to
develop  joint  relationships  with  other  companies.

Log  Point  is  designing  hardware  versions  of  its  technology  for  various
manufacturing processes in the electronics industry.  The first hardware designs
should  be  available  for  licensing  in  the  near  future.


Log  Point is working with Monmouth Partners for possible financing for hardware
production of digital-signal-processing (DSP) chips, graphics accelerator chips,
and  efp microprocessor designs. Log Point plans to out-source the production of
hardware  chips  to  semiconductor  manufacturers.  As  sales  of hardware chips
increase,  Log  Point  plans to purchase or build a fabrication plant to produce
its  own  chips.


As  of  June  30,  2000, no sales of Log Point products have been made. Software
products,  that  have  been  completed  by  Log  Point,  are  being evaluated by
companies.  Log Point expects that some of the companies evaluating the software
to  become  customers.  The  hardware  design  products,  for  licensing  to the
electronics  industry  are  still  being  developed.  The production of hardware
chips,  that  are  based  on  the  hardware  designs, will require financing. No
significant  licensing  of  hardware  designs  and  sales  of hardware chips are
expected  until Log Point receives financing. Therefore no significant licensing
or  sales  of products are expected over the twelve-month period ending June 30,
2001.  When  financing  is  obtained,  Log  Point  will  accelerate  its product
development,  and  increase  its  sales  and  marketing  activities.

PRODUCT  LINES
--------------

The Company is developing and marketing software, hardware designs, and hardware
product  lines.  Products  completed  and  being  marketed  are:

Software-Soft  CoProcessors

     -     Portable  C  source  for basic efp arithmetic and scientific function
           libraries
     -     32-bit  C  and  assembler  source  for SPARC and SPARClite 930 Series
     -     32-bit  C  and  assembler  source  for  Intel  386,  486  and Pentium
     -     24-bit  DSP  (digital  signal  processing) assembler source for 8-bit
           Intel  8051/2  and  Motorola  68HC11/12/16
     -     In-house  GNU  tools  support  (GNU tools is a C computer programming
           language)
     -     32-bit  C++  class  arithmetic  and  scientific  function  libraries.


<PAGE>
Products  for  future  development  and  marketing  are:

Software  for  licensing  to  the  electronics  industry:

     -     Function  Generators  (development is complete but is currently being
           upgraded)
     -     Assembler  efp  for  the  following  microprocessors: PowerPC, 68xxx,
           ColdFire,  HPPA,  MIPS,  ARM, StrongArm, Hitachi SH Series and
           Mitsubishi M32R/D (in  final  development  stage)
     -     Enhanced  Conventional  Floating-Point  Math  Libraries  (in  R&D)
     -     Application  software  (in  R&D)

Hardware  Designs  for  licensing  to  the  electronics  industry:

     -     Function  Generators  (development is complete but is currently being
           upgraded)
     -     Electronic  design  Standard  Cell  Libraries  (in  final development
           stage)
     -     New  Microprocessor  Instructions  (in  final  development  stage)
     -     EFP  Cores  (in  R&D)
     -     Hardware,  intellectual  property  (in  final  development  stage)

Hardware  chips  for  sale  to  the  consumer  electronics  industry:

     -     Function  Generators  (in  final  development  stage)
     -     FPGA  Chips  (in  final  development  stage)
     -     DSP  Chips  (in  final  development  stage)
     -     ASIC  Chips  (in  final  development  stage)
     -     Microprocessor  Chips  (in  final  development  stage)

MARKET  AND  MARKETING  STRATEGY/DISTRIBUTION  METHODS
------------------------------------------------------

The  Company's  technology  has applications in virtually all aspects of digital
electronics  chips  and  equipment,  including computers.  The markets for these
products  are  huge  and  growing  rapidly.  According to DataQuest, electronics
equipment markets for calendar year 1992 were $642 billion and will grow to over
one  trillion  dollars  for  calendar  year  1999.  Other  products,  such  as
automobiles,  that  have  a  high  electronic  content,  but  not  enough  to be
classified  as  electronic  equipment,  add  considerably  to  that  number.
Automobiles,  with  over $400 of electronics each, would account for at least an
additional  $50  billion  annually.  The microprocessor market is expected to be
over  $30  billion  for  calendar  year  1999  and  growing 13.4% per year.  The
ASIC/Logic  Chips  market is expected to be over $21 billion by 1999 and growing
8.1%  per  year.  By the calendar year 2000, the combined microprocessor and the
ASIC/Logic  Chips  markets  will  be over $70 billion. [The DSP market and other
markets  are  neglected  in  this  analysis.]

Target  Markets
---------------


<PAGE>
Log  Point is a developer of high performance embedded digital computation.  Its
products  include  software  that  can  be  embedded  directly  in  software
applications,  a  complete  set  of  algorithms that can be embedded in computer
programming  languages,  and  firmware  that  can  be mounted on printed-circuit
boards.  This  firmware  would  be  used  to  perform  specific high performance
numerical  computations many times faster than conventional technology.  The Log
Point  technology  can  also  be  implemented  in  digital  electronic design to
complement  existing  computer  chips.  It can be used to build stand alone math
coprocessors  that  work  with  existing  computer  chips  or used to expand the
capabilities  of  existing hardware numerical processors. Log Point products fit
many  applications  across  the  entire  digital  electronics  industry.

The  Company's  target  market  includes  all  users  and  developers  of:

     -     Microprocessors
     -     DSP  (digital  signal  processors),  graphics,  filter  chips
     -     FPGA  (field-programmable  gate  array)  users  and  manufacturers
     -     Standard  cells,  ASIC  (application  specific  integrated  circuit)
           chips
     -     Custom  chips  incorporating  any  of  the  above.
     -     Design  software  for  chips
     -     Compilers  for  high  level  programming languages (C/C++, Basic,
           FORTRAN)
     -     Application  software

The  Company  anticipates  the  following  marketing  obstacles:

-     Getting  its  message  of  new  computational capabilities to the embedded
system  designers  that buy development tools.  This includes FAA certification,
which  is  a  strong selling point to decision-makers, not just in aviation, but
throughout  the  embedded computation industry. Some Log Point software products
have  been  completed and have been thoroughly tested for speed and reliability.
The  products  are ready for FAA certification when a customer has a requirement
for  FAA  certification.  This  enables  the  designers to demand that all major
development  tool  vendors support the Company's products. This then enables the
Company's  products  to  have direct distribution channels to the entire body of
vendors'  customer  bases  throughout  the  world.

-     PR,  advertising,  and  articles in trade publications require substantial
time  to  make  a  real  impact  in  the  industry.

-     When  a  customer requires FAA certification of Log Point products for the
first  time,  FAA  certification  will take at least a few weeks to commence and
likely  several  months to complete. After FAA certification has been completed,
the  certification will not have to be repeated for future customers who require
FAA  certified  products. It must be point out, that Log Point does not need FAA
certification  to  sell  its products. Some companies require FAA certification.
Log  Point  desires FAA certification of its products, because FAA certification
will  lend  credibility  to  Log  Point  products.

-     After  sufficient  numbers  of designers request the Company's products, a
few  months are likely required for the release of a vendor's tools that provide
support  of  the  Company's  products.


<PAGE>
-     There is a delay while designers use such tools to examine the effect that
the  Company's  products  have on their embedded designs before they license the
Company's  products.

-     While  making  a  strenuous  effort  toward  market  penetration,  price
concessions  will  also  be  used  to  maximize  the  quantity  of  design  wins
incorporating  Company  products.

Log Point has made great strides to overcome the obstacles to its entry into the
floating-point  market.  The  Company  has  created a website (www.logpoint.com)
                                                               ----------------
which  has  received  over  20,000  visits.  The  Company has also arranged with
Intel, IBM, Microsoft, Fujitsu, Mitsubishi and National Semiconductor to publish
Log  Point's  product  information  on  their websites with web links to the Log
Point  website.  This  Internet  exposure has attracted many Beta testers of Log
Point's  products  and  has attracted potential investors and take-over suitors.
The  Company  expects  some  of  the  Beta  testers  to  become customers of its
products.  The  Company  is  contemplating  debt financing and private placement
investments  from  potential  investors  as  well  as  being  acquired  by other
corporations.

The  thrust  of  the  Company's  marketing  strategy  includes:

Software:

     -     Developing joint marketing and sales efforts with each microprocessor
           manufacturer  such  that  both  the  Company and the microprocessor
           manufacturer leverage each other's capabilities to  increase  product
           sales.
     -     Conducting  direct  mail  campaigns  targeted  at  the  technology
           decision-makers  at  volume  manufacturers  of  consumer  products.
     -     Telemarketing  follow  up.
     -     Providing  beta  site developer kits for evaluation of the Company's
           products.
     -     Giving  engineering  presentations  to  the  evaluation  team.
     -     Benchmarking  potential  customer  software  using  the  Company's
           technology.
     -     Negotiating  licenses.
     -     Supporting  customer product development to optimize performance and
           quality.
     -     Receiving  royalties  for  each  unit  of  customer product shipped.
     -     Teaching  seminars  for  customers.

Hardware  Designs:

     -     Obtaining  software  porting/proof-of-concept  contracts  with
           microprocessor  manufacturers.
     -     Obtaining  hardware  feasibility  contracts  with  microprocessor
           manufacturers.
     -     Negotiating  license  for  hardware  design.
     -     Supporting  microprocessor manufacturer with the design of SuperSpeed
           pipelined  floating-point  technology  into  their  microprocessor.
     -     Receiving  royalty  payments  for  each  microprocessor  shipped.

Hardware:


<PAGE>
     -     Design  hardware  products.
     -     Produce evaluation boards for distribution to the digital electronics
           market.
     -     Help  potential  customers  efficiently design their product with Log
           Point  hardware  products.
     -     Receive orders from customers for hardware and firm commitment to pay
           for  hardware.
     -     Contract  with  computer  chip  manufacturer  to  produce  chip  from
           hardware  design.
     -     Deliver  completed  hardware  chips  to  customer.


World  Wide  Web
----------------

The  Company has a World Wide Web home page at the URL: http://www.logpoint.com.
This  Web  page  contains  basic information about the Company, its latest news,
technology,  products, application notes, special programs, investor information
and  frequently  asked  questions,  as  well as how to contact the Company.  Log
Point's  Web  page  is  also  listed  with  many  of the most popular Web search
engines.  When  the Company receives sufficient capital, it intends to advertise
the  Web  page  on  the World Wide Web and in trade publications oriented toward
embedded systems and digital signal processing.  Log Point is also listed in the
Web  pages of Intel, Fujitsu, Wind River Systems, Mitsubishi, Inprise, Motorola,
Integrated  Systems  and  National Semiconductor, among others.  The Company has
identified  many sales leads, beta testers, and potential joint ventures through
its  Web  page.

Marketing  Efforts
------------------

The  Company  has  established  third-party marketing efforts on IBM, Microsoft,
Intel,  National  Semiconductor,  Fujitsu,  Motorola,  Integrated  Systems,
Mitsubishi,  and  Wind  River  Systems  websites through which Log Point product
descriptions  and Log Point web link on each of these companies web sites. While
there  are  no  written  agreements  with these companies, they have voluntarily
included  Log  Point  on  their  respective web sites.  These relationships will
continue  as  long  as  it  is  mutually  beneficial  to  each  company.

Intel  has  stopped  producing  the 187 and 387 hardware numerical coprocessors.
Many  of Intel's customers presently manufacture products requiring the hardware
numerical  performance of the 187, 287 and 387.  In most cases, Log Point's Soft
CoProcessor  can  replace  the  discontinued hardware. National Semiconductor is
displaying  the Company's products, through the National Semiconductor web site,
to  its  customer  base.  Integrated Systems has incorporated the Company's Soft
CoProcessor  product  into  their  Embedded  Systems  Development  Tools and has
created  an  automobile  cruise  control  demonstration  model  using  the  Soft
CoProcessor.

PATENTS
-------

The Company has more than 60 patents that have issued in the U.S. and 41 foreign
countries.  Some  patents  are  still  pending in the PCT which covers Japan and
Europe,  and  the  Company  expects  more patents to issue in 17 foreign country
soonThe patents cover method and apparatus, using logarithmic and table-look-up
technology,  to  generate  functions  and  complete  floating-point  systems for
digital  electronics.  The  Company  has  filed  a  patent  in  the  U.S.  and


<PAGE>
internationally,  that  covers  improvements  in  the  software  performance for
microprocessors.  The  Company has filed patents on small-silicon-area pipelined
versions  of  its  floating-point  hardware  designs  and  graphics  accelerator
designs.  The  new technology improves the Company's competitive edge in silicon
designs and performance of its Soft CoProcessor products.  The life of these new
patents  will  be  approximately  20  years.

TRADEMARKS
----------

The  Company has trademarks on "Log Point,""SuperSpeed", "Soft CoProcessor," and
"FastFun."

TECHNOLOGY  LICENSE  AGREEMENT
------------------------------

On  February  18,  1993, the Company entered into a technology license agreement
with  the  founders  of  the  Company, one of whom is the holder of three United
States  Patents,  a  pending patent, pending international patents, and licensed
trademarks  and logo for founders common shares, $210,000 to the one founder who
is the owner of the patents, and royalties based upon revenues to be paid to the
owner  of the patents.  The $210,000 was due upon signing of the agreement or in
installment  payments  over an unstated period.  Royalties of 5% of annual gross
receipts  to  $25,000,000, and 2% of annual gross receipts over $25,000,000.  At
June  30,  1999 and 2000, the unpaid balance of the $210,000 amount was $160,574
and  $170,428,  respectively.  The  aforementioned  agreement  does  not  have a
termination date, and provides the Company with the exclusive worldwide right to
manage  all leasing, marketing, selling and vending of sub-licenses with respect
to  the  licensed  technology  and  products under the patents.  The approximate
remaining  life  of  the  three  United  States  patents  is  15  years.

COMPETITION
-----------

The computer technology industry is highly competitive. The Corporation competes
with many other companies in the computer technology industry, many of which are
larger  and  better capitalized than the Company.  The Company's primary sources
of  competition  are  microprocessor  manufacturers  and vendors of conventional
floating-point  software  systems.

The  Company  believes its competitive advantages include a reduced silicon area
needed  on  a  computer  chip  coupled  with  the  fact  that hardware using the
Company's  technology is 10 to 100 times faster than conventional floating point
hardware,  which gives Log Point a competitive advantage in products using chips
or microprocessors with floating point technology. Silicon is very expensive and
cost  of  manufacturing  electronic hardware chips increases dramatically as the
chip  area  required increases. These advantages provide for a greater selection
of  functions,  fitting  applications  in  more end user products, allowing more
design  alternatives and flexibility, being more cost effective, upgrading lower
cost  components,  and invading existing markets as well as opening up whole new
ones.

SEASONALITY
-----------


<PAGE>
The  Company's  product  diversification  is  such  that  it  does not expect to
experience  seasonal  up  or  down  turns.

WORKFORCE
---------

The  Company  currently  employs six individuals; two individuals in management,
two  individuals  in  administrative,  and  two  individuals  in engineering and
research  and  development.  The Company currently has two part-time individuals
working on a consultant basis who provides marketing assistance for the Company.
There  is  no  collective  bargaining  agreement  with  employees.  The  Company
considers  its  relationship  with  its  employees  to  be  excellent.

YEAR  2000
----------

Overview
--------

Historically,  certain computerized systems have had two digits rather than four
digits  to  define  the  applicable  year,  which  could  result  in  the system
recognizing a date using  "00" as the year 1900 rather than the year 2000.  This
could cause significant software and hardware failures or miscalculations and is
generally  referred  to  as  the  "Year  2000"  problem.

The  company  recognizes that the impact of the Year 2000 problem extends beyond
its  computer  hardware  and  software  and  may  ultimately  affect utility and
telecommunication  services,  as  well  as  the  systems  of  its  customers and
suppliers.  The  company  acknowledges  that  none  of  its  products  are  date
sensitive and therefore, are all Year 2000 compliant. The company is prepared to
take  corrective action that may be required within each of the following areas:

Log  Point  Products
--------------------

Log  Point  has  completed  its  internal  Year 2000 testing and analysis of its
products.  The Company believes that all of its products are Year 2000 compliant
and  is  committed  to  maintaining  compliance  in  any future revisions of its
products.

Internal  Information  Systems
------------------------------

The  Company's  internal  information systems utilize hardware and software from
several  commercial  suppliers.  The  Company  has  investigated  its  internal
information  systems  for  Year  2000 compliance, and certain modifications have
been  identified  and corrected on critical systems to ensure that the Company's
operations  will  be  Year  2000 compliant. This effort will continue throughout
2000.

Third  Parties
--------------

The Company has had communications with certain of its significant suppliers and
customers  to  evaluate their Year 2000 compliance plans, state of readiness and
to  determine  the  extent  to  which  the Company's systems and products may be
affected  by  the  failure of others to remedy their own Year 2000 issues.  Year
2000  compliance  is a prerequisite to new supplier relationships.  There can be
no assurance that such other parties will complete their Year 2000 conversion in
a  timely  fashion  or  will not suffer a Year 2000 business disruption that may
adversely  affect  the  Company's  business,  financial  condition or results of
operations.


<PAGE>
Cost  for  Year  2000  Compliance
---------------------------------

The  Company  believes that the total cost of Year 2000 compliance activity will
not  be  material  to the Company's operations, liquidity and capital resources.

Year  2000  Risks  Faced  by  Log  Point
----------------------------------------

The  Company  may  not  be  able  to identify, successfully remedy or assess all
date-handling  problems  in  its  business systems or operations or those of its
customers  and  suppliers.  As  a  result,  the  Year  2000 problem could have a
materially  adverse  affect  on  the  Company's  business financial condition or
results  of  operation. Log Point has conducted a review of its business systems
in  an  attempt  to identify ways in which its systems could be affected by Year
2000  problems.  Based on this review, the company does not expect the Year 2000
issue  to  have  a  material  adverse  affect  on  its  systems.

ITEM  2.     DESCRIPTION  OF  PROPERTY.

The  Issuer's  principal  offices are located at 465 Fairchild Drive, Suite 111,
Mountain  View,  California  94043.  This  leased location has approximately 680
square  feet  of  office space.  The current lease expires on December 31, 2000.
The  Issuer  feels  that  this  facility  is  overcrowded and inadequate for its
current  level  of  activity  and plans to expand to approximately 10,000 square
feet  of  office  space  in  the  near  future.

ITEM  3.     LEGAL  PROCEEDINGS.

From time to time, in the normal course of doing business, the Company has legal
proceedings.  The  Company is not involved in legal proceedings that will have a
material  effect  on  the  Company.

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

None.


<PAGE>
                                     PART II

ITEM  5.     MARKET  FOR  COMMON  EQUITY  AND  RELATED  STOCKHOLDER  MATTERS.

The Company's common stock is listed on the OTC Bulletin Board under the trading
symbol "LGPT."   The Company's common stock has been traded since October, 1997,
before  which  there  was  little  or  no  activity.  Currently,  the  following
brokerage firms are making a market in the Company's common stock: Hill Thompson
Magid  &  Co.,  Herzog & Co., Sharpe Capital, Inc., GVR Company, Paragon Capital
Corp.,  Sherwood  Securities,  Wm. V. Frankel & Co. Inc., Wien Securities Corp.,
Sierra Brokerage Services, Inc., M. H. Meyerson, Knight Securities, USCC Trading
and  Lloyd  Wade  Securities.

The  following  table sets forth for the period indicated, the range of high and
low  closing  bid quotations per share.  These quotations represent inter-dealer
prices, without retail markups, markdowns or commissions and may not necessarily
represent  actual  transactions.

                              Price per Share
                              ---------------
Period Ended                    High    Low
------------------------------  -----  -----

Fourth Quarter 1999 (6/30/00)   $1.38  $0.91

Third Quarter 1999 (3/31/00)    $1.19  $0.53

Second Quarter 1999 (12/31/99)  $3.19  $0.53

First Quarter 1999 (9/30/99)    $3.19  $0.97

The  Company  has  approximately  150  shareholders  of  record.

The  Company  has  not  paid,  nor  does  it  anticipate paying dividends in the
foreseeable  future.


<PAGE>
The  common shares of the Company are subject to the "Penny Stock Rules" of Rule
15(g)  of  the  Securities  Exchange Act of 1934.  These rules impose additional
sales  requirements  on  broker dealers selling securities to persons other than
established  customers and accredited investors as defined in the Securities Act
of  1933.  Brokerage  transactions falling within these rules require brokers to
make  a  special  suitability  determination for the purchaser and to obtain the
purchaser's  written  consent  to  make  the  trade  before  making  the  sale.
Accordingly,  these  Penny  Stock  Rules may adversely affect the ability of the
purchasers  to  resell  these  securities.


ITEM  6.      MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OR  PLAN  OF  OPERATION.


During  the  fiscal  years  ended  June  30, 1999 and 2000, the Company incurred
losses  of  $782,706  and  $1,015,831,  respectively.

Log  Point  is  a development stage company that incurred losses of $782,706 and
$1,015,831 for years ended June 30, 1999 and 2000, respectively. Since inception
the  Company  has  incurred  losses  totaling  $3,103,377.

To  date,  Log  Point  has  been  dependent  upon  the  proceeds  from an equity
transaction,  under  a  504  offering, to fund its development stage operations.
Management  believes  that its borrowings from private individuals, officers and
directors  will  be  adequate  to  fund its minimum requirements for fiscal year
ending June 30, 2001.  Log Point does not expect any significant revenues during
the  twelve-month  period  ending  June  30,  2001.

The  general  and  administrative expenses increased from $303,318 in the fiscal
year  ending  June 30, 1999 to $657,353 in the fiscal year ending June 30, 2000.
Approximately $280,000, of the general and administrative expenses in the fiscal
year  ending June 30, 2000, was for deferred salaries. Approximately $377,000 of
the  general  and  administrative  expenses  was for an advanced funding fee and
related  fees  and  interest, in an effort to obtain a substantial investment in
Log  Point Technologies, Inc. The additional expense was covered by the $400,000
loan. Research and development expenses were reduced from $411,364 in the fiscal
year  ending  June 30, 1999 to $220,300 in the fiscal year ending June 30, 2000.
The  reduction in research and development expenses happened because the company
had  completed  certain  research and development projects and did not start new
projects  in  the  fiscal  year  ending  June  30,  2000.

When  Log Point emerges from its development stage, additional financing will be
needed.  Log  Point  is  still  working  with  Monmouth  Partners  for  possible
financing  of Log Point.  If the financing is obtainrd, the current price of the
stock  will have no effect on the financing. As far as the possible financing is
concerned,  the  price  of  the  stock  will  not be a factor in dilution of the
Company  stock. The Company also has the opportunity to obtain additional funds,
as needed, through Monmouth Partners, provided Monmouth Partners continues to do
business  in the area of financing public companies. These additional funds will
be  used to increase sales and marketing efforts and to accelerate production of
hardware  chips  from  the  Company's  hardware  designs.



<PAGE>
Log  Point  will not conduct any significant research and development during the
next  twelve  months  ending  June  30,  2001.

Log Point has no plans to purchase any plant or significant equipment during the
next  twelve  months  ending  June  30,  2001.

The  Company  does  not  anticipate  any  significant  changes  in its number of
employees  during  the  next  twelve  months  ending  June  30,  2001.


<PAGE>
ITEM  7.      FINANCIAL  STATEMENTS

AUDITORS  REPORT  FOR  THE  YEAR  ENDED  JUNE  30,  2000

Board  of  Directors
Log  Point  Technologies,  Inc.
(A  development  stage  company)
Mountain  View,  California
We  have  audited the accompanying balance sheet of Log Point Technologies, Inc.
(a  development stage company) as of June 30, 2000 and the related statements of
operations,  stockholders' equity and cash flows for the year then ended.  These
financial  statements  are  the responsibility of the Company's management.  Our
responsibility  is  to express an opinion on these financial statements based on
our  audit.  The  financial  statements  of  Log  Point  Technologies,  Inc.  (a
development  stage  company)  as  of  June  30,  1999  and  for the period since
inception  (February  1,  1993) to June 30, 1999, were audited by other auditors
whose  report  dated  October  27, 1999 expressed an unqualified opinion, with a
going  concern issue, on those statements. The financial statements for the year
ended  June 30, 1999 are presented for comparative purposes only and are covered
by  the  prior  auditors'  opinion.

We conducted our audit in accordance with generally accepted auditing standards.
Those standards require that we plan and perform the audits to obtain reasonable
assurance  about  whether  the  financial  statements  are  free  of  material
misstatement.  An  audit includes examining on a test basis, evidence supporting
the  amounts and disclosures in the financial statements. An audit also includes
assessing  the  accounting  principles  used  and  significant estimates made by
management,  as well as evaluating the overall financial statement presentation.
We  believe  that  our  audit  provides  a  reasonable  basis  for our opinions.

In  our  opinion,  the financial statements referred to above present fairly, in
all material respects, the financial position of Log Point Technologies, Inc. (a
development stage company) as of June 30, 2000 and the results of its operations
and  cash  flows  for  the year then ended in conformity with generally accepted
accounting  principles.

The  accompanying  financial  statements  have  been  prepared assuming that the
Company  will  continue  as  a  going  concern. As discussed in the notes to the
financial  statements, the Company is in the development stage, has not realized
revenues  and  profitable  operations,  and  is  dependent upon loans and equity
financing  to  conduct  its operations, which situation raises substantial doubt
about  its  ability  to continue as a going concern. The financial statements do
not  include  any  adjustments  that  might  result  from  the  outcome of these
uncertainties.




                                              /s/  Robert  C.  Olivieri,  Jr.
                                              --------------------------------
                                              Robert  C.  Olivieri,  Jr.  P  C
                                              CERTIFIED  PUBLIC  ACCOUNTANT
September  26,  2000
Bensalem,  Pennsylvania



<PAGE>
<TABLE>
<CAPTION>
                         LOG  POINT  TECHNOLOGIES,  INC.
                        (A  Development  Stage  Company)
                                Balance  Sheets
                           June  30,  2000  and  1999

                                          Assets
                                      2000      1999
                                    --------  --------
<S>                                 <C>       <C>
Current assets

  Cash                              $     67  $    466



Furniture and equipment

  Furniture and equipment, at cost    68,695    68,695
  Less: accumulated depreciation      39,574    29,100
                                    --------  --------

                                      29,121    39,595
                                    --------  --------
Other assets

  Product technology license, net
    of accumulated amortization of
    $103,250 and $89,250             106,750   120,750
  Deposits                             4,377     4,281
                                    --------  --------

  Total other assets                 111,127   125,031
                                    --------  --------

  Total assets                      $140,315  $165,092
                                    ========  ========
</TABLE>

             See auditors' report and notes to financial statements


<PAGE>
<TABLE>
<CAPTION>
                        LOG  POINT  TECHNOLOGIES,  INC.
                       (A  Development  Stage  Company)
                               Balance  Sheets
                         June  30,  2000  and  1999


                      Liabilities and stockholders' equity

                                              2000          1999
                                          ------------  ------------
<S>                                       <C>           <C>

Current liabilities
  Current portion of capital
    lease obligations                     $    11,673   $    11,861
  Accounts payable                            174,985       148,648
  State franchise taxes payable                   800             -
  Accrued accounting fees                      13,500             -
                                          ------------  ------------

                                              200,958       160,509
                                          ------------  ------------

Long-term liabilities
  Loans from officers                         515,020         6,761
  Capital lease obligation, net
    of current maturities                       1,358        13,031
  Due on product license                      170,428       160,574
                                          ------------  ------------

  Total long term liabilities                 686,806       180,366
                                          ------------  ------------

  Deferred salaries and related
    payroll taxes and interest              1,241,734       882,569
                                          ------------  ------------


Stockholders' equity

  Preferred stock, no par value
    Authorized: 5,000,000 shares
    No shares issued                                -             -
  Common stock, no par value
    Authorized: 50,000,000 shares
    Issued:
      11,233,333 and 10,757,403 shares
    Outstanding:
      10,932,403 and 10,757,403             1,559,630     1,029,194
  Treasury stock:
      300,930 shares and 300,930 shares      (445,436)            -
  Retained earnings (deficit)              (3,103,377)   (2,087,546)
                                          ------------  ------------

                                           (1,989,183)   (1,058,352)
                                          ------------  ------------

                                          $   140,315   $   165,092
                                          ============  ============

       See auditors' report and notes to financial statements
</TABLE>


<PAGE>
<TABLE>
<CAPTION>

                      LOG  POINT  TECHNOLOGIES,  INC.
                     (A  Development  Stage  Company)
                       Statements  of  Operations
      Years  ended  June  30,  2000  and  1999  and  the  period
      from  inception  (February  1,  1993)  to  June  30,  2000

                                                         FEBRUARY 1, 1993
                                                          (INCEPTION) TO
                                   2000          1999      JUNE  30,2000
                               ------------  ------------  -------------
<S>                            <C>           <C>           <C>
Revenues                       $     1,200   $         -   $     71,680
                               ------------  ------------  -------------

Cost of goods sold                       -             -              -
                               ------------  ------------  -------------
Operating expenses

General and administrative
  Expenses                         657,353       303,318      1,173,885
Research and development           220,300       411,364      1,569,999
Depreciation and amortization       24,474        23,640        142,823
                               ------------  ------------  -------------

     Total operating expenses      902,127       738,322      2,886,707
                               ------------  ------------  -------------

Loss before other income and
  Expenses                        (900,927)     (738,322)    (2,815,027)
                               ------------  ------------  -------------


Other income and expenses
  Interest expense                (114,910)      (56,278)      (301,163)
  Interest income                        6        11,894         12,813
                               ------------  ------------  -------------

    Total other income and
      Expenses                    (114,904)      (44,384)      (288,350)

Net loss                       $(1,015,831)  $  (782,706)  $ (3,103,377)
                               ============  ============  =============

Loss per share                 $    (0.094)  $    (0.072)
                               ============  ============
Weighted average number
  of shares                     10,814,820    10,865,503
                               ============  ============

             See auditors' report and notes to financial statements

</TABLE>


<PAGE>
<TABLE>
<CAPTION>
                           LOG POINT TECHNOLOGIES, INC.
                          (A Development Stage Company)
                             Statement of Cash Flows
                Years ended June 30, 2000 and 1999 and the period
               from inception (February 1, 1993) to June 30, 2000


                                                                                     February  1,  1993
                                                                                       (inception)  to
                                                           1999            2000         June 30, 2000
                                                     ---------------  ---------------  ---------------
<S>                                                  <C>              <C>              <C>
CASH FLOWS FROM OPERATING ACTIVITIES:

  Net income (loss) from operations:                 $   (1,015,831)  $     (782,706)  $   (3,103,377)
  Adjustments to reconcile net income to net
    cash provided from operating activities:
      Depreciation and amortization                          24,474           23,640          142,823
      Deferred salaries, related taxes and interest         359,166          277,352        1,241,735
      Payment of expenses and loans with stock               85,000                -          251,060
      Accrued interest on officers' loans                     3,859           (5,042)           2,122
      Accrued interest on other loans payable                 9,853            9,490           84,036
      Changes in assets and liabilities:
       (Increase) decrease in prepaid expenses                    -            2,500                -
        (Increase) decrease in deposits                         (96)            (510)          (4,377)
        Increase (decrease) in accounts payable              26,337          143,858          174,985
        Increase (decrease) in accrued expenses              14,300                -           14,300
                                                     ---------------  ---------------  ---------------
Net cash provided (used) by operating activities           (492,938)        (331,418)      (1,196,693)
                                                     ---------------  ---------------  ---------------

CASH FLOWS FROM INVESTING ACTIVITIES:

  Acquisition of equipment                                        -          (17,092)         (68,694)
                                                     ---------------  ---------------  ---------------
Net cash provided (used) by investing activities                  -          (17,092)         (68,694)
                                                     ---------------  ---------------  ---------------

CASH FLOWS FROM FINANCING ACTIVITIES:
  Proceeds from capitalized leases                                -            7,484           45,049
  Repayment of debt                                         (11,861)         (30,109)        (155,627)
  Proceeds from officers' Loans                             504,400          109,000          512,898
  Proceeds from sales of preferred and common stock               -                -        1,308,570
  Purchases of treasury stock                                     -         (445,436)        (445,436)
                                                     ---------------  ---------------  ---------------
Net cash provided (used) by financing activities            492,539         (359,061)       1,265,454
                                                     ---------------  ---------------  ---------------
Net increase in cash                                           (399)        (707,571)              67

Cash at beginning of year                                       466          708,037                -

Cash at end of year                                  $           67   $          466   $           67
                                                     ===============  ===============  ===============

Supplemental disclosure of cash flow information:
  Interest paid                                      $            -   $       15,904
                                                     ===============  ===============

             See auditors' report and notes to financial statements
</TABLE>


<PAGE>
<TABLE>
<CAPTION>
                          LOG POINT TECHNOLOGIES, INC.
                          (A Development Stage Company)
                  Statement of Changes in Stockholders' Equity
                Years ended June 30, 2000 and 1999 and the period
               from inception (February 1, 1993) to June 30, 2000

                                                                                                 Retained
                                                   Preferred  Stock           Common  Stock      Earnings
                                                 Shares          $         Shares        $        (Loss)
<S>                                          <C>           <C>         <C>          <C>         <C>
-------------------------------------------------------------------------------------------------
Proceeds from issuance of common stock                                    648,800   $ 160,000
Exchanges of loans payable for common stock                                            34,000
Common stock issued for services                                            1,520       7,600
Net loss                                                                                        $ (213,300)
-------------------------------------------------------------------------------------------------
Balance June 30, 1994                                                     650,320   $ 201,600   $ (213,300)

Cancellation of common shares in
  exchange for preferred shares                  403,200   $ 201,600     (650,320)   (201,600)
Issuance of preferred shares to founders         610,000
Sale of preferred shares                           4,400      10,000
Sale of common shares                                                   1,931,792      24,147
Common stock issued for receivable
  subsequently paid                                                     2,015,000      25,188
Net loss                                                                                          (230,677)
-------------------------------------------------------------------------------------------------
Balance June 30, 1995                          1,017,600   $ 211,600    3,946,792   $  49,335   $ (443,977)

Common stock issued for receivable
  subsequently paid                                                       152,763       1,910
Sale of common shares                                                      10,000         125
Sale of preferred shares                           9,240      19,500
Exchange of preferred shares for loans           118,000      99,000
Exchange of preferred shares for services          2,000       5,000
Net loss                                                                                         (193,432)
-------------------------------------------------------------------------------------------------
Balance June 30, 1996                          1,146,840   $ 335,100    4,109,555   $  51,370   $(637,409)

Sale of preferred shares                          36,780      76,950
Exchange of preferred shares for loans            10,000       5,000
Sale of common shares for loans                                            60,000         750
Exchange of common shares for loans                                     1,236,825      15,460
Net loss                                                                                         (234,404)

-------------------------------------------------------------------------------------------------
Balance June 30, 1997                          1,193,620   $ 417,050    5,406,380   $  67,580   $(871,813)

Adjustment to reflect reverse purchase
  Acquisition                                 (1,193,620)   (417,050)   2,793,620     417,050
Sale of common shares                                                   2,858,333     990,000
Net Loss                                                                                         (433,027)
</TABLE>


<PAGE>
<TABLE>
<CAPTION>
                          LOG POINT TECHNOLOGIES, INC.
                          (A Development Stage Company)
                  Statement of Changes in Stockholders' Equity (continued)
                Years ended June 30, 2000 and 1999 and the period
               from inception (February 1, 1993) to June 30, 2000

                                                                                            Retained
                                              Preferred  Stock           Common  Stock      Earnings
                                            Shares          $         Shares        $        (Loss)
<S>                                     <C>          <C>         <C>         <C>         <C>
--------------------------------------------------------------------------------------------
Balance June 30, 1998                            -           -   11,058,333  $1,474,630  $(1,304,840)

Purchase of treasury stock                                        (300,930)   (445,436)
Net Loss                                                                                   (782,706)

--------------------------------------------------------------------------------------------
Balance June 30, 1999                            -           -   10,757,403  $1,029,194  $(2,087,546)

Exchange of common shares for services                              175,000      85,000
Net Loss                                                                                  (1,015,831)

--------------------------------------------------------------------------------------------
Balance June 30, 2000                            -   $       -   10,932,403  $1,114,194  $(3,103,377)

              =====================================================================
</TABLE>
             See auditors' report and notes to financial statements


<PAGE>
                          LOG POINT TECHNOLOGIES, INC.
                          Notes To Financial Statements
                             June 30, 2000 and 1999

NOTE 1-ORGANIZATION AND HISTORY
----------------------------

Log  Point  Technologies,  Inc. ("Company") is the result of the acquisition and
merger  of  Sandtech  Developments,  Inc.  (a Colorado corporation and Log Point
Technologies,  Inc.  (a  California
corporation)  ("Log  Point  California").

Log  Point  California  was  organized  on  February  1,  1993  under  the  laws
of  the  State  of California. Since inception to date, Log Point California has
been  in  the  development  stage with respect to its primary product(s) that is
centered  upon  mathematical functions and systems that are embedded in computer
microprocessor  chips  to  enable  and  enhance  mathematical  calculations.

Sandtech  Developments, Inc. was organized as a Colorado corporation on July 19,
1996.  Since  inception,  Sandtech has been in the development stage and has not
conducted  operations, excepting for minor administrative matters.  Sandtech had
minimal  assets  and  liabilities  at  the  date  of  the  merger.

In  October  1997  Log  Point  California  received  18,400,000  shares  of  the
20,000,000  outstanding  common  shares of Sandtech, and the 300,000 outstanding
shares of preferred stock for the 1,600,000 remaining outstanding common shares.
All  the  300,000  preferred  shares  received, and 11,800,000 of the 18,400,000
common  shares received were retired. Simultaneously, 6,600,000 common shares of
the  Company  were  exchanged  for  all  of  the outstanding shares of Log Point
California;  the assets and liabilities of Log Point California were transferred
to  Sandtech; Log Point California was dissolved; and, Sandtech changed its name
to  Log  Point  Technologies,  Inc.  As  a  result of the merger and exchange of
shares,  the  shareholders  of  Log  Point  California  became  the  controlling
shareholders  of  the  Company.  The Company also declared a one for ten reverse
split  of its preferred and common stocks. For financial reporting purposes, the
transaction  was accounted for as a reverse purchase acquisition under which the
companies  were recapitalized to include the historical financial information of
Log  Point  California.  For  financial reporting purposes, all shares have been
reflected  in  post  split  shares.

NOTE2-BASIS OF PRESENTATION
---------------------------

The financial statements of the Company as of June 30, 2000 and 1999 and for the
years  then  ended have been prepared using the accrual basis of accounting, and
on  the  basis  that  the  Company  is  a  going concern, which contemplates the
realization  of  assets  and satisfaction of liabilities in the normal course of
business.  To  date,  the Company has realized minimal revenues from the sale of
its  products  and


<PAGE>
                           LOG POINT TECHNOLOGIES, INC.
                          Notes To Financial Statements
                             June 30, 2000 and 1999

NOTE 2-BASIS OF PRESENTATION (CONTINUED)
---------------------------------------

services,  and  has  been  dependent  upon  proceeds  of loans from officers and
directors  and  equity  transactions  to  fund its development stage operations.
Management  believes,  as  a  minimum, that its borrowings from officers will be
adequate to fund its need for the next year. No adjustments have been recognized
in  the  financial  statements  to  reflect  the uncertainties of the Company to
develop  profitable  operations  and/or  to continue funding its operations from
borrowings  and  equity  transactions.

NOTE 3-CASH AND CASH EQUIVALENTS
-------------------------------

At  June  30, 2000 and June 30, 1999, $ 46 and $ 255, respectively, of the total
cash  and  cash  equivalents  represented monies deposited in an uninsured money
market  fund.

NOTE4-SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
------------------------------------------------

Revenue  recognition  -  Revenue  is  recognized  when  products  are shipped or
--------------------
services  are  rendered.

Furniture  and  equipment  -  Furniture and equipment is recorded at acquisition
-------------------------
cost.  Repairs and maintenance that do not extend the useful life are charged to
expense  when  incurred, and improvements and betterments that extend the useful
life  are capitalized. Depreciation is calculated using methods that approximate
the  straight-line  method  over  the  estimated lives, generally five and seven
years.

Technology  license  agreement  - The technology license agreement is carried at
------------------------------
cost,  and  is being amortized ratably over the remaining life (approximately 15
years)  of  the  underlying  patents.

Research  and  development  -  Research  and development expenses are charged to
--------------------------
operations  as  incurred.

Deferred  salaries  &  wages - All the officers of the Company and other Company
----------------------------
personnel  have  agreed  to defer part, or all, of their salaries.  The deferred
amounts,  which include the estimated related payroll taxes, will not be payable
until  the  Company  attains revenues of $250,000 per calendar quarter, at which
time  a  percentage, to be determined by the Company, of the amounts of revenues
over  $ 250,000 will be devoted to paying the deferred amounts.  Interest at the
rate  of  6% per annum, compounded quarterly, has been recognized on the accrual
of  the  deferred  salaries  &  wages.


<PAGE>
                           LOG POINT TECHNOLOGIES, INC.
                          Notes To Financial Statements
                             June 30, 2000 and 1999

NOTE4-SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
------------------------------------------------------------

Income  taxes - The provision (benefit) for income taxes is based on the pre-tax
-------------
earnings  (loss)  reported  in  the  statement  of  operations,  adjusted  for
transactions  that  may  never enter into the computation of income and expenses
for  financial  statements  and  income  tax  purposes. A valuation allowance is
provided  in  the  event  that the tax benefits are not expected to be realized.

Earnings  (Loss)  per share - Earnings (loss) per common share is based upon the
---------------------------
weighted  average number of common shares (after the reverse split) outstanding.

Economic  and  Concentration  Risk - The business of the Company is primarily in
----------------------------------
the  development, under existing patents, and marketing of enhanced mathematical
functions  embedded  in computer microprocessor chips to customers in the United
States  of America and certain foreign countries. The Company may encounter risk
from  competitors  who  have  significantly  greater  resources,  and  from
technological  breakthroughs  that  are  commonplace  in  the computer industry.

Use  of  Estimates  - The preparation of financial statements in conformity with
------------------
generally  accepted  accounting principles requires management to make estimates
and assumptions that affect the reported amounts of revenues and expenses during
the  reporting  period(s).  Actual  results  could  differ from those estimates.

Statement  of  Cash  Flows  -  For  purposes of the statement of cash flows, the
--------------------------
Company  considers  all  highly  liquid  financial instruments purchased with an
original  maturity  of  three  months  of  less  to  be  cash
equivalents.

NOTE5-EQUIPMENT
---------------

Property  and  equipment  consists  of  the  following:


                                   6/30/00    6/30/99
                                  ---------  ---------
   Computers & related items      $ 42,665   $ 42,665
   Office furniture & fixtures      26,030     26,030
                                  ---------  ---------
   Total                            68,695     68,695
   Less:accumulated depreciation   (39,574)   (29,100)
                                  ---------  ---------
                                  $ 29,121   $ 39,595
                                  =========  =========


<PAGE>
                           LOG POINT TECHNOLOGIES, INC.
                          Notes To Financial Statements
                             June 30, 2000 and 1999

NOTE6-TECHNOLOGY LICENSE AGREEMENT
----------------------------------

On  February  18,  1993, the Company entered into a technology license agreement
with the founders of the Company, one of whom is the holder of two United States
Patents,  a  pending  patent,  pending  international  patents,  and  licensed
trademarks  and logo for founder's common shares that were not ascribed a value.
The  agreement  also  required $210,000 to be paid to the one founder who is the
owner  of  the patents, and royalties based upon the signing of the agreement or
in installment payments over an unstated period. Royalties of 5% of annual gross
receipts  to  $ 25,000,000 and 2% of annual gross receipts over $ 25,000,000 are
also  required.  At, June 30, 2000 and 1999, the unpaid balance of the $ 210,000
amount  was  $170,428 and $160,574, respectively, including interest at the rate
of  6%  per  annum,  compounded quarterly. The aforementioned agreement does not
have  a  termination date, and provides the Company with the exclusive worldwide
right to manage all leasing, marketing, selling, and vending of sublicenses with
respect  to  the  licensed  technology  and  products  under  the  patents.

The  amount  of  $  210,000  is  being  amortized  ratably  over  15  years, the
approximate remaining life of the two United States Patents and 20 years for the
third United States Patent.  At June 30, 2000 and 1999, the unamortized portions
were  $  106,750  and  $  120,750  respectively.

NOTE 7-DEPOSITS
---------------

At  June  30,  2000  and  1999  the  Company  had  a  deposit  of  $  3,326  and
$  3,230,  respectively,  on its operating lease with Pecten Court Mountain View
Associates,  LLC  for the lease of its office space and a deposit of $ 760 and $
760,  respectively,  on  its  capital lease for computer equipment with Newcourt
Financial  Services.  In  addition, there were other miscellaneous deposits of $
291  and  $  291,  respectively,  for  the  years  ended June 30, 2000 and 1999.


<PAGE>
                           LOG POINT TECHNOLOGIES, INC.
                          Notes To Financial Statements
                             June 30, 2000 and 1999


NOTE 8-LOANS FROM OFFICERS
-------------------------

At June 30, 2000 and 1999, the officers of the Company had advanced a total of $
115,020  and $ 6,761 with the approval of the Board of Directors of the Company.
The  advanced  amounts bear interest at six percent annum, compounded quarterly,
and are due no later than five years from June 30, 2000.  Also, at June 30, 2000
and  1999,  the  officers  had deferred salary amounts, including interest at 6%
annum,  compounded  quarterly,  from  the  Company  of  $ 681,063 and $ 465,537.

In  December  1999,  an  officer  of  the Company put up 1,440,000 shares of his
restricted  stock as collateral on a short-term financing loan from a nonrelated
individual  in  the amount of $ 400,000, which included $ 60,000 in accrued fees
and  $  38,000  in  accrued interest, originally due to be repaid on February 1,
2000.  These  shares  were put into an escrow account in the name of the lender.
As  of  June  30, 2000 the Company is in negotiations with the lender to pay the
loan  balance  in full and have the stock returned to them.  This matter has not
been  resolved  as  of the date of this report. Provisions have been made trough
shareholders  that  represent  more  than fifty percent (50%) of the outstanding
shares,  a  board  action,  and an agreement between the officer and the Company
that  if stock used by the Company as collateral were to be lost for any reason,
the company will issue enough stock to make the stockholder's ownership equal to
the  percentage  of  ownership  on  the  date  the  loan  becomes  effective.

NOTE 9-CAPITALIZED LEASED PAYABLES
----------------------------------

The  Company  has  entered  into  agreements  for  the lease purchase of certain
computer  and  related  equipment,  which  agreements  have  been  determined to
constitute  financing  leases. Accordingly, the Company recorded the asset costs
of  $  35,573  and  related  principal lease obligations of an equal amount. The
capitalized  lease agreements require monthly payments, including interest, of $
1,289 through November 2000; of $ 1,047 from December 2000 to May 2001; and of $
289  from  June  2001  to  November  2001.


<PAGE>
                           LOG POINT TECHNOLOGIES, INC.
                          Notes To Financial Statements
                             June 30, 2000 and 1999

NOTE 10-DEFERRED SALARIES AND WAGES
-----------------------------------

At  June  30,  2000  and  1999,  the  Company  had accrued salaries and wages to
officers  and  employees  of $ 1,241,734 and $ 882,568, respectively. Because of
the  development  stage  of the Company, it made arrangements with its employees
under informal letter agreements to defer all or a part of the salaries or wages
until  the  Company  attains ability to permit payments. The arrangements do not
specify  a  time  period for payment, and the Company has recognized interest at
the  rate  of  6%  per  annum,  compounded  quarterly.



                             6/30/00    6/30/99
                            ----------  --------

          Officers          $  597,832  $417,832
          Employees            411,390   307,510
          Accrued interest     131,590    83,694
          Payroll taxes        100,922    73,533
                            ----------  --------

          Total             $1,241,734  $882,569
                            ==========  ========

NOTE 11-EMPLOYEE COMMON STOCK
-----------------------------

The  Company  has  a non-qualified employee common stock purchase program, under
which  employees, from time to time, are granted the right to purchase a certain
number  of shares at a stipulated price, with ownership vesting over a period of
time.  In  the  event  the  employee  is  terminated or leaves the employ of the
Company  before  the  vesting  period  is  complete,  the employee must sell the
unvested shares to the Company at the same amount for which they were purchased.
At  June  30,  2000,  a total of 5,199,153 of common shares had vested under the
program,  and  207,228  common  shares  were  unvested.

NOTE 12-INCOME TAXES
--------------------

At  June 30, 2000 the Company has accumulated losses of $ 2,953,377 which may be
available  to  offset future operating income.  The Company will need to realize
significant  profits  to utilize the losses, all of which may not be immediately
available due to the merger and issuance of additional stock, and capitalization
matters.  If  deductible,  the accumulated losses represent a deferred tax asset
of  approximately  $  704,000 for which a valuation allowance of the same amount
has been provided because it is more likely than not that the amounts may not be
immediately  deductible.


<PAGE>
                           LOG POINT TECHNOLOGIES, INC.
                          Notes To Financial Statements
                             June 30, 2000 and 1999

NOTE 12-INCOME TAXES (CONTINUED)
---------------------------------

A  reconciliation  of  current  and  deferred  income  taxes  is  as  follows:

                                     6/30/00     6/30/99
                                    ----------  ----------
  Current tax expense:
    Federal                         $       -   $       -
    State                                   -           -
                                    ----------  ----------

      Total current                         -           -

  Deferred tax expense (benefit):
    Federal                          (587,139)   (414,747)
    State                            (116,778)    (83,994)
                                    ----------  ----------

      Total deferred                 (703,917)   (498,741)

  Valuation allowance                 703,917     498,741
                                    ----------  ----------

  Total provision for income taxes  $       -   $       -
                                    ==========  ==========

      At June 30, 2000 the Company had unused net operating losses for regular
    income tax purposes, which are due to expire in the following tax years:

Tax Year  Federal Amount   State Amount
--------  ---------------  ------------

   2000   $        77,665
   2001           104,428
   2002           123,938
   2003           507,948
   2004           507,035
   2007                     $      31,024
   2008                           238,661
   2009                           136,180
   2010                            77,665
   2011                           104,428
   2017                           123,938
   2018                           507,948
   2019                           507,035


<PAGE>
                           LOG POINT TECHNOLOGIES, INC.
                          Notes To Financial Statements
                             June 30, 2000 and 1999

NOTE 13 - COMMON AND PREFERRED STOCK
------------------------------------

Preferred  Stock
----------------

At June 30, 2000, the Company was authorized to issue 5,000,000 shares of no par
value  preferred  stock,  which  may be issued in classes or series with various
rights  and  designations  by  the Board of Directors. No shares were issued and
outstanding  at  June  30,  2000.  Each  share of preferred stock is entitled to
dividends  when  and  if  declared  by  the Board of Directors, and other rights
and/or  preferences  as  may  be  designated  by  the  Board  of  Directors.

Common  Stock
-------------

The  Company  is  authorized  to  issue 50,000,000 shares of no par value common
stock.  The  holders of each share are entitled to one vote for each share held,
and are entitled to dividends when and if declared by the Board of Directors. At
June  30, 2000 and 1999, common shares issued and outstanding totaled 10,932,403
and  10,757,403, respectively, which includes 175,000 shares issued between June
30,  1999 and June 30, 2000.  Treasury stock at June 30, 2000 and 1999 consisted
of  300,930 shares at cost. Treasury stock at June 30, 2000 consisted of 300,930
shares  at  cost.  As of June 30, 1999, the Company intende to retire the shares
that were held in the treasury. This was not accomplished as of the date of this
report, and, therefore, the shares are reported as treasury stock as of June 30,
2000

NOTE 14 - COMMITMENTS AND CONTINGENCIES
---------------------------------------

The  Company  leases  its  office  space  under  a lease that requires a minimum
monthly  rental  payment  of $1,326, which monthly rate increases at the rate of
2.5%  each  year  through  December  2003.

The  Company  is presently, and from time to time, subject to pending claims and
lawsuits  arising  in  the  ordinary  course  of  business.  In  the  opinion of
management,  the ultimate resolution of these pending legal proceedings will not
have  a  material  adverse  effect  upon  the  Company's operations or financial
position.

The  Company has completed negotiations and has received a commitment letter for
a  $20,000,000  financing.  The  commitment is subject to the Company satisfying
covenants,  which  have  not  been  satisfied  as  of  the  date of this report.


<PAGE>
                           LOG POINT TECHNOLOGIES, INC.
                          Notes To Financial Statements
                             June 30, 2000 and 1999

NOTE 15- FAIR VALUE OFFINANCIALINSTRUMENTS
--------------------------------------

The  carrying  amounts of the Company's cash equivalents (money market fund) and
receivables  are considered to approximate its fair market value. Similarly, the
amount  of the Company's obligations are considered to represent the approximate
fair  value  of  such  instruments  based  upon  management's  best  estimate.

NOTE16-REPORTING  STATUS
----------------  ------

On  February  19,  2000  the  Company  became a fully reporting company with the
Securities  and  Exchange  Commission.

NOTE17-RECLASSIFICATIONS
------------------------

Certain  reclassifications  have  been  made  to  the  June  30,  1999 financial
statements  to  conform  to  the  June  30,  2000  classifications.


<PAGE>
Auditors'  Report  and Financial Statements from Inception through June 30, 1999

ALESSANDRI  &  ALESSANDRI,  P.A.
CERTIFIED  PUBLIC  ACCOUNTANTS
--------------------------------------------------------------------------------

                         INDEPENDENT  AUDITORS'  REPORT


LOG  POINT  Technologies,  Inc.
Mountain  View,  California

     We  have audited the accompanying balance sheets of LOG POINT Technologies,
Inc.  ("Company"),  as  of  June 30, 1999 and 1998 and the related statements of
operations,  stockholders'  equity,  and cash flows for the years then ended and
for  the  period  since  inception  (February  1993)  to  June  30, 1999.  These
financial  statements  are  the responsibility of the Company's management.  Our
responsibility  is  to express an opinion on these financial statements based on
our  audits.

     We  conducted  our  audits  in  accordance with generally accepted auditing
standards.   Those  standards  require  that  we  plan and perform the audits to
obtain  reasonable  assurance about whether the financial statements are free of
material  misstatement.  An  audit includes examining, on a test basis, evidence
supporting  the  amounts  and disclosures in the financial statements.  An audit
also includes assessing the accounting principles used and significant estimates
made  by  management,  as  well  as  evaluating  the overall financial statement
presentation.  We  believe  that  our  audits provide a reasonable basis for our
opinion.

     In  our opinion, the financial statements referred to above present fairly,
in  all  material  respects,  the  financial position of LOG POINT Technologies,
Inc.,  as of June 30, 1999 and 1998, and the results of its operations, and cash
flows  for  the  years  then  ended and for the period since inception (February
1993)  to  June  30,  1999  in  conformity  with  generally  accepted accounting
principles.

     The  accompanying financial statements have been prepared assuming that the
Company  will  continue  as  a  going concern.  As discussed in the notes to the
financial  statements, the Company is in the development stage; has not realized
revenues  and  profitable  operations,  and  is  dependent upon loans and equity
financing  to  conduct  its operations, which situation raises substantial doubt
about  its  ability to continue as a going concern.  The financial statements do
not  include  any  adjustments  that  might  result  from  the  outcome of these
uncertainties.


                                   /s/  Alessandri  &  Alessandri,  P.A.
October  27,  1999


<PAGE>
<TABLE>
<CAPTION>
                                        LOG POINT TECHNOLOGIES, INC.
                                       (A DEVELOPMENT STAGE COMPANY)
                                               BALANCE SHEETS
                                           JUNE 30, 1999 AND 1998

                                                                                     1999          1998
                                                                                 ------------  ------------
<S>                                                                              <C>           <C>
ASSETS

CURRENT ASSETS
  Cash                                                                           $       466   $   708,037
  Prepaid expenses                                                                                   2,500

                                                                                 ------------  ------------
Total Current Assets                                                                     466       710,537
                                                                                 ------------  ------------
EQUIPMENT & FURNITURE
  Office Equipment & Furniture (net of depreciation of $29,099 & $19,459)             39,595        32,143
                                                                                 ------------  ------------

OTHER ASSETS
  Product technology license (net of amortization of $89,250 & $75,250)              120,750       134,750
  Receivable from officers                                                            97,197
  Deposits                                                                             4,281         3,771
                                                                                 ------------  ------------
Total Other Assets                                                                   125,031       235,718
                                                                                 ------------  ------------

TOTAL                                                                            $   165,092   $   978,398
                                                                                 ============  ============

LIABILITIES & STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
  Current portion of capitalized lease obligation                                $    11,861   $     5,071
  Accounts Payable                                                                   148,648         4,790
                                                                                 ------------  ------------
Total Current Liabilities                                                            160,509         9,861
                                                                                 ------------  ------------
LONG-TERM DEBT
  Due on product license                                                             160,574       172,084
  Capitalized lease obligation less current portion                                   13,031        21,446
  Loans from officers                                                                  6,761
                                                                                 ------------  ------------
Total Long-Term Debt                                                                 180,366       193,530
                                                                                 ------------  ------------

OTHER LIABILITIES
  Deferred salaries & wages, and related payroll taxes                               882,569       605,217
                                                                                 ------------  ------------

Total Liabilities                                                                  1,223,444       808,608
                                                                                 ------------  ------------

STOCKHOLDERS' EQUITY
   Preferred stock-No par value: 5,000,000 shares authorized; no shares issued
  Common Stock - No par value; 50,000,000 shares authorized; shares
    issued and outstanding 10,757,403 and 11,058,333,  respectively                1,029,194     1,474,630
  Deficit accumulated during the development stage                                (2,087,546)   (1,304,840)
                                                                                 ------------  ------------
Total Stockholders' Equity                                                        (1,058,352)      169,790
                                                                                 ------------  ------------

TOTAL                                                                            $   165,092   $   978,398
                                                                                 ============  ============
</TABLE>


             See auditors' report and notes to financial statements
<PAGE>
<TABLE>
<CAPTION>
                                  LOG POINT TECHNOLOGIES, INC.
                                 (A DEVELOPMENT STAGE COMPANY)
                                    STATEMENT OF OPERATIONS
                           FOR THE YEARS ENDED JUNE 30, 1999 AND 1998
              AND FOR THE PERIOD FROM INCEPTION ( FEBRUARY 1993) TO JUNE 30, 1999


                                                                            SINCE

                                                  1999          1998      INCEPTION
<S>                                          <C>          <C>           <C>
                                             ------------  -----------  ------------
SALES                                             None         None     $     70,480
                                                                        -------------
COST OF SALES                                     None         None             None

OPERATING EXPENSES
  General and Administrative                 $   303,318   $  127,730   $   516,532
  Research and development                       411,364      247,424     1,349,699
  Depreciation and Amortization                   23,640       17,993       118,349
                                             ---------------------------------------
            Total Operating Expenses             738,322      393,147     1,984,580
                                             ---------------------------------------

LOSS BEFORE OTHER ITEMS                         (738,322)    (393,147)   (1,914,100)

OTHER INCOME & EXPENSE
  Interest expense                               (56,278)     (40,793)     (186,253)
  Interest income                                 11,894          913        12,807
                                             ---------------------------------------


NET LOSS                                     $  (782,706)  $ (433,027)  $(2,087,546)
                                             =======================================


LOSS PER SHARE                               $    (0.072)  $   (0.052)
                                             --------------------------

WEIGHTED AVERAGE NUMBER OF SHARES             10,865,503    8,353,888
                                             --------------------------
</TABLE>

             See auditors' report and notes to financial statements


<PAGE>
<TABLE>
<CAPTION>
                                   LOG POINT TECHNOLOGIES, INC.
                                   (A DEVELOPMENT STAGE COMPANY)
                                      STATEMENT OF CASH FLOWS
                            FOR THE YEARS ENDED JUNE 30, 1999 AND 1998
                AND FOR THE PERIOD FROM INCEPTION (FEBRUARY 1993) TO JUNE 30, 1999


                                                                1999        1998         Since
                                                                                       Inception
                                                             -------------------------------------
<S>                                                          <C>         <C>          <C>

CASH FLOWS FROM (TO) OPERATING ACTIVITIES:
Net Income (Loss) From Operations:                           $(782,706)  $ (433,027)  $(2,087,546)
Add: Non-Cash Items
    Depreciation and Amortization                               23,640       17,993       118,349
    Deferred salaries, related taxes and interest              277,352      282,118       882,569
    Payment of loans with preferred & common stock                                        153,460
    Payment of expenses with preferred & common stock                                      12,600
Changes in Assets and Liabilities:
     Prepaid expenses                                            2,500       (2,500)
     Receivable & payables from officers-net                   103,958     (105,723)        6,761
     Deposits                                                     (510)      (1,051)       (4,281)
     Accounts payable                                          143,858      (16,309)      148,648
     Stock receivable                                                         1,719

                                                             -------------------------------------
Net Cash From (To) Operating Activities                       (231,908)    (256,780)     (769,440)
                                                             -------------------------------------

CASH FLOWS FROM (TO) INVESTING ACTIVITIES:
Acquisition of Equipment                                       (17,092)     (28,842)      (68,694)

                                                             -------------------------------------
Net Cash From (To) Investing Activities                        (17,092)     (28,842)      (68,694)
                                                             -------------------------------------

CASH FLOWS FROM (TO) FINANCING ACTIVITIES:
Proceeds from capitalized leases                                 7,484       28,101        45,049
Repayment of Debt                                              (20,619)     (35,957)      (69,583)
Proceeds from sales of preferred & common stock                             990,000     1,308,570
Purchases of common stock                                     (445,436)                  (445,436)

                                                             -------------------------------------
Net Cash From (To) Financing Activities                       (458,571)     982,144       838,600
                                                             -------------------------------------

Increase (Decrease) in Cash                                   (707,571)     696,522           466
CASH BALANCE, BEGINNING                                        708,037       11,515             0
                                                             -------------------------------------
CASH BALANCE, ENDING                                         $     466   $  708,037   $       466
                                                             =====================================

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
   Interest Paid                                             $  15,904   $    1,017   $    33,916

SUPPLEMENTAL DISCLOSURE OF NON-CASH TRANSACTIONS:
   The Company issued 1,368,345 common shares in payment
     of liabilities and expenses, and acquired a technology
</TABLE>

             See auditors' report and notes to financial statements


<PAGE>
<TABLE>
<CAPTION>
                                         LOG POINT TECHNOLOGIES, INC.
                                        (A DEVELOPMENT STAGE COMPANY)
                                 STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
                                  FOR THE YEARS ENDED JUNE 30, 1999 AND 1998
                      AND FOR THE PERIOD FROM INCEPTION (FEBRUARY 1993) TO JUNE 30, 1999

                                                                       RETAINED
                                PREFERRED STOCK     COMMON STOCK               EARNINGS


                                              SHARES         $          SHARES          $          (LOSS)
                                           ==================================================================
<S>                                        <C>           <C>         <C>           <C>          <C>
Proceeds from issuance of common stock                                   648,800   $ 160,000
Exchange of loans payable for common
    stock                                                                             34,000
Common stock issued for services                                           1,520       7,600

Net loss                                                                                         $  (213,300)
                                           ------------------------------------------------------------------
Balance, June 30, 1994                                                     650,320   $ 201,600   $  (213,300)
Cancellation of common shares in
  exchange for preferred shares                403,200   $ 201,600        (650,320)   (201,600)
Issuance for preferred shares
   to founders                                 610,000
Sale of preferred shares                         4,400      10,000
Sale of common shares                                                   1,931,792      24,147
Common stock issued for receivable
  subsequently paid                                                     2,015,000      25,188
Net Loss                                                                                            (230,677)
                                           ------------------------------------------------------------------
Balance, June 30, 1995                       1,017,600   $ 211,600     3,946,792   $   49,335   $   (443,977)

Common stock issued for receivable
 subsequently paid                                                       152,763       1,910
Sale of common shares                                                     10,000         125
Sale of preferred shares                         9,240      19,500
Exchange of preferred shares for loans         118,000      99,000
Exchange of preferred shares for services        2,000       5,000
Net Loss                                                                                            (193,432)
                                           ------------------------------------------------------------------
Balance, June 30, 1996                       1,146,840   $ 335,100     4,109,555   $   51,370   $   (637,409)

Sale of preferred sales                         36,780      76,950
Exchange of preferred shares for loans          10,000       5,000
Sale of common shares                                                      60,000         750
Exchange of common shares for loans                                     1,236,825      15,460
Net Loss                                                                                            (234,404)
                                           ------------------------------------------------------------------
Balance, June 30, 1997                       1,193,620   $ 417,050     5,406,380   $   67,580   $   (871,813)

Adjustment to reflect reverse purchase
    acquisition                             (1,193,620)   (417,050)    2,793,620      417,050
Sale of common shares                                                  2,858,333      990,000
Net Loss                                                                                            (433,027)
                                           ------------------------------------------------------------------
Balance, June 30, 1998                     None          None         11,058,333   $1,474,630   $ (1,304,840)
Purchase of common shares                                               (300,930)   (445,436)
Net Loss                                                                                            (782,706)
                                           ------------------------------------------------------------------
Balance, June 30, 1999                     None          None         10,757,403   $1,029,194    ($2,087,546)
                                           ==================================================================
</TABLE>


<PAGE>
                          LOG POINT TECHNOLOGIES, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                             JUNE 30, 1999 AND 1998
--------------------------------------------------------------------------------

NOTE  1  -  ORGANIZATION  AND  HISTORY

     Log  Point Technologies, Inc. ("Company"), is the result of the acquisition
and  merger of Sandtech Developments, Inc. (a Colorado corporation) ("Sandtech")
and  Log  Point  Technologies,  Inc.  (a  California  corporation.)  ("Log Point
California").

     Log  Point  California  was organized on February 1, 1993 under the laws of
the State of California.  Since inception to date, Log Point California has been
in the development stage with respect to its primary product(s) that is centered
upon  mathematical  functions  and  systems  that  are  embedded  in  computer
microprocessor  chips  to  enable  and  enhance  mathematical  calculations.

     Sandtech  was  organized  as a Colorado corporation on July 19,1996.  Since
inception  Sandtech  has  been  in  the  development stage and has not conducted
operations,  excepting  for  minor administrative matters.  Sandtech had minimal
assets  and  liabilities  at  the  date  of  merger.

     In  October  1997  Log  Point  California received 18,400,000 shares of the
20,000,000  outstanding  common  shares of Sandtech, and the 300,000 outstanding
shares of preferred stock for the 1,600,000 remaining outstanding common shares.
All  of  the 300,000 preferred shares received, and 11,800,000 of the 18,400,000
common shares received were retired.  Simultaneously, 6,600,000 common shares of
Sandtech  were  exchanged  for  all  of  the  outstanding  shares  of  Log Point
California;  the assets and liabilities of Log Point California were transferred
to  Sandtech; Log Point California was dissolved; and, Sandtech changed its name
to  LOG  POINT  Technologies,  Inc.  As  a  result of the merger and exchange of
shares,  the  shareholders  of  Log  Point  California  became  the  controlling
shareholders  of  the  Company.  The Company also declared a one for ten reverse
split of its preferred and common stocks.  For financial reporting purposes, the
transaction  was accounted for as a reverse purchase acquisition under which the
companies  were recapitalized to include the historical financial information of
Log  Point  California.  For  financial reporting purposes, all shares have been
reflected  in  post  split  shares.

Note  2  -  Basis  of  Presentation

     The  financial  statements of the Company as of June 30, 1999 and 1998, and
for  the  years  then  ended  have  been  prepared  using  the  accrual basis of
accounting,  and  on  the  basis  that  the  Company  is  a going concern, which
contemplates  the  realization  of assets and satisfaction of liabilities in the
normal  course  of business.  To date, the Company has realized minimal revenues
from sale of its products and services, and has been dependent upon the proceeds
from  loans  and  equity  transactions to fund its development stage operations,
and,  management  believes  that its borrowings and equity transactions, if any,
will  be adequate to fund its needs for the next year.  No adjustments have been
recognized  in  the  financial  statements  to  reflect the uncertainties of the
Company  to  develop  profitable  operations  and/or  to  continue  funding  its
operations  from  borrowings  and  equity  transactions.


<PAGE>
Note  3  -Cash  and  Cash  Equivalents
     At  June  30,  1998,  $690,668  of  the  total  cash  and  cash equivalents
represented  monies  deposited  in  an  uninsured  money  market  fund.

Note  4  -  Summary  of  Significant  Accounting  Policies

     Revenue  recognition  -  Revenue is recognized when products are shipped or
     --------------------
services  are  rendered.

     Equipment  -  Equipment  is  recorded  at  acquisition  cost.  Repairs  and
     ---------
maintenance  that  do  not  extend  the  useful life are charged to expense when
incurred,  and  improvements  and  betterments  that  extend the useful life are
capitalized.  Depreciation  is  calculated  using  methods  that approximate the
straight-line  method  over the estimated lives, generally five and seven years.

     Technology  license agreement - The technology license agreement is carried
     -----------------------------
at cost, and is being amortized ratably over the remaining life (appx. 15 years)
of  the  underlying  patents.

     Research and development - Research and development expenses are charged to
     ------------------------
operations  as  incurred.

     Deferred  salaries  &  wages - All of the officers of the Company and other
     ----------------------------
Company  personnel  have  agreed  to  defer  part or all of their salaries.  The
deferred amounts, which include the estimated related payroll taxes, will not be
payable  until the Company attains revenues of $250,000 per calendar quarter, at
which  time  a  percentage,  to  be determined by the Company, of the amounts of
revenues over $250,000 will be devoted to paying the deferred amounts.  Interest
at  the  rate  of 6% per annum, compounded quarterly, has been recognized on the
accrual  of  the  deferred  salaries  &  wages.

     Income  taxes  -  The  provision (benefit) for income taxes is based on the
     -------------
pre-tax earnings (loss) reported in the balance sheet, adjusted for transactions
that  may  never enter into the computation of income taxes payable.  A deferred
tax  liability  or  asset  is  recognized  for  the  estimated future tax effect
attributable  to temporary differences in the recognition of income and expenses
for  financial  statements  and  income  tax purposes.  A valuation allowance is
provided  in  the  event  that the tax benefits are not expected to be realized.

     Earnings  (Loss) per share - Earnings (loss) per common share is based upon
     --------------------------
the  weighted  average  number  of  common  shares  (after  the  reverse  split)
outstanding.

     Economic  and Concentration Risk - The business of the Company is primarily
     --------------------------------
in  the  development,  under  existing  patents,  and  marketing  of  enhanced
mathematical functions embedded in computer microprocessor chips to customers in
the  United  States  of  America and certain foreign countries.  The Company may
encounter  risk  from  competitors who have significantly greater resources, and
from  technological breakthroughs that are commonplace in the computer industry.


<PAGE>
     Use  of  Estimates  - The preparation of financial statements in conformity
     ------------------
with  generally  accepted  accounting  principles  requires  management  to make
estimates  and  assumptions  that  affect  the  reported  amounts  of assets and
liabilities  and disclosures of contingent assets and liabilities at the date of
the  financial  statements  and  the  reported  amounts of revenues and expenses
during  the  reporting  period(s).  Actual  results  could  differ  from  those
estimates.

     Statement  of Cash Flows - For purposes of the statement of cash flows, the
     ------------------------
Company  considers  all  highly  liquid  financial instruments purchased with an
original  maturity  of  three  months  or  less  to  be  cash  equivalents.

Note  5  -  Equipment

     Equipment  consists  of  the  following:

<TABLE>
<CAPTION>
                                                    6/30/99    6/30/98
                                                   ----------  --------
<S>                                  <C>                       <C>
      Computers & related items                   $    52,641  $ 44,191
      Office furniture & fixtures                      16,053     7,411
                                                   ----------  --------
      Total                                            68,694    51,602
      Less-accumulated depreciation                    29,099    19,459
                                                   ----------  --------
          Net                                          39,595   $32,143
                                                   ----------  --------
</TABLE>

Note  6  -  Technology  License  Agreement

     On  February  18,  1993,  the  Company  entered  into  a technology license
agreement  with  the  founders  of the Company, one of whom is the holder of two
United  States  Patents,  a  pending  patent, pending international patents, and
licensed  trademarks and  logo for founders common shares that were not ascribed
a value.  The agreement also required $210,000 to be paid to the one founder who
is the owner of the patents, and royalties based upon revenues to be paid to the
holder  of  the patents.  The $210,000 was due upon the signing of the agreement
or  in  installment payments over an unstated period.  Royalties of 5% of annual
gross  receipts to $25,000,000, and 2% of annual gross receipts over $25,000,000
are  also  required.  At,  June  30,  1999  and  1998, the unpaid balance of the
$210,000  amount  was $160,574 and $172,084, respectively, including interest at
the  rate  of  6% per annum, compounded quarterly.  The aforementioned agreement
does  not  have  a termination date, and provides the Company with the exclusive
worldwide  right  to  manage  all  leasing,  marketing,  selling, and vending of
sub-licenses  with  respect  to  the  licensed technology and products under the
patents.

     The  amount  of  $210,000  is  being  amortized  ratably over 15 years, the
approximate  remaining  life of the two United States Patents.  At June 30, 1999
and  1998,  the  unamortized  portions were $120,750 and $134,750, respectively.


<PAGE>
Note  7  -  Receivable  From  Officers

     At  June  30,  1998, one of the officers of the Company had been advanced a
total  of  $97,197,  with the approval of the Board of Directors of the Company.
The  advanced  amounts  bear  interest  at  six  percent  per  annum, compounded
quarterly,  and  are due on demand, but, not later than five years from June 30,
1998.  Also,  at  June  30,  1999  and  1998,  the  officers had deferred salary
amounts,  including  interest  at  6%  per annum, compounded quarterly, from the
Company  of  $465,537  and $375,059.  At June 30, 1999 an officer of the Company
had  loaned  the  Company  $6,761.

Note  8  -  Capitalized  Lease  Payables

     The  Company  has entered into agreements for the lease purchase of certain
computer  and  related  equipment,  which  agreements  have  been  determined to
constitute  financing leases.  Accordingly, the Company recorded the asset costs
of  $35,573  and  related  principal  lease obligations of an equal amount.  The
capitalized  lease  agreements  require monthly payments, including interest, of
$1,289  through November 2000; of $1,047 from December 2000 to May 2001; and, of
$289  from  June  2001  to  November  2001.

NOTE  9  -  DEFERRED  SALARIES  AND  WAGES

     At  June 30, 1998 and 1997, the Company had accrued and unpaid salaries and
wages to officers and employees of $882,568 and $605,217, respectively.  Because
of the development stage of the Company, it made arrangements with its employees
under informal letter agreements to defer all or a part of the salaries or wages
until  the  Company attains the ability to permit payments.  The arrangements do
not  specify  a time period for payment, and the Company has recognized interest
at  the  rate  of  6%  per  annum,  compounded  quarterly.

<TABLE>
<CAPTION>
                                          6/30/99  6/30/98
                                         --------  --------
<S>                                      <C>       <C>
      Officers                           $417.832  $237,832
      Employees                           307,510   269,560
      Accrued interest                     83,694    47,086
      Payroll taxes                        73,532    50,739
                                         --------  --------
        Total                             882,568  $605,217
                                         --------  --------
</TABLE>

Note  10  -  Employee  Common  Stock

     The  Company  has  a  non-qualified employee common stock purchase program,
under  which  employees,  from time to time, are granted the right to purchase a
certain  number  of  shares at a stipulated price, with ownership vesting over a
period  of time. In the event the employee is terminated or leaves the employ of
the  Company  before  the vesting period is complete, the employee must sell the
unvested shares to the Company at the same amount for which they were purchased.
At  June  30,  1999,  a total of 4,899,153 of common shares had vested under the
program,  and  507,228  common  shares  were  unvested.


<PAGE>
Note  11  -  Income  Taxes

     At June 30, 1999 the Company has accumulated losses of $2,088,000 which may
be  available  to  offset  future  operating  income.  The  Company will need to
realize  significant  profits  to  utilize  the  losses, all of which may not be
immediately  available  due  to the merger and issuance of additional stock, and
capitalization  matters.  If  deductible,  the  accumulated  losses  represent a
deferred  tax asset of approximately $710,000 for which a valuation allowance of
the  same  amount  has been provided because it is more likely than not that the
amounts  may  not  be  immediately  deductible.

     The  provision (benefit) for income taxes differs from the amount of income
tax determined by applying the applicable U.S. statutory federal income tax rate
to  pre-tax  income  as  a  result  of  the  following  differences  at June 30.

                                                         1999           1998
                                                      ----------     -----------
Income  tax  provision  (benefit) - 34%               $(266,120)     $( 147,229)
---------------------------------------               ----------     -----------
     Increase  (decrease)  in  rates  resulting  from
          State  taxes                                  (46,358)        (25,265)
                                                      ----------     -----------
     Valuation  allowance  for  deferred  tax  assets   312,478         172,494
                                                      ----------     -----------

     Effective  tax  rates                                   -0-            -0-
                                                      ----------     -----------
     The  accumulated  losses  expire for tax purposes generally as shown below:

                    Year               Amount
                    ----               --------
                    2009               $ 212,000
                    2010                 231,000
                    2011                 195,000
                    2012                 234,000
                    2013                 433,000
                    2014                 783,000


NOTE  12  -  COMMON  AND  PREFERRED  STOCK
                                 Preferred Stock

     At  June  30, 1999, the Company was authorized to issue 5,000,000 shares of
no par value per share preferred stock, which may be issued in classes or series
with  various rights and designations by the Board of Directors.  No shares were
issued  and  outstanding  at  June  30,  1999.  Each share of preferred stock is
entitled  to dividends when and if declared by the Board of Directors, and other
rights  and/or  preferences  as  maybe  designated  by  the  Board of Directors.

                                  Common Stock

     The  Company  is  authorized  to issue 50,000,000 of no par value per share
common stock.  The holders of each share are entitled to one vote for each share
held,  and  are  entitled  to  dividends  when  and  is declared by the Board of
Directors.  At  June  30,  1999,  common  shares  issued and outstanding totaled
10,757,403.


<PAGE>
Note  13  -  Commitments  and  Contingencies

     The  Company  leases  its  office space under a lease that requires monthly
rental  payment of $1,462, which monthly rate increases at the rate of 2.5% each
year,  through  December  2003.

     The  Company is presently, and from time to time, subject to pending claims
and  lawsuits  arising  in  the  ordinary course of business.  In the opinion of
management,  the ultimate resolution of these pending legal proceedings will not
have  a  material  adverse  effect  upon  the  Company's operations or financial
position.

     Management asserts that it has reviewed the computers and computer programs
that it utilizes to conduct its activities, and believes that such are Year 2000
compliant.  While  management  has not conducted specific inquiries, it believes
that  the  entities  with which it interacts are Year 2000 compliant as they are
primarily  in  the  computer  industry.

Note  14  -  Fair  Value  of  Financial  Instruments

     The  carrying amounts of the Company's cash equivalents (money market fund)
and receivables are considered to approximate its fair market value.  Similarly,
the  amount  of  the  Company's  obligations  are  considered  to  represent the
approximate  fair  value  of  such  instruments  based  upon  management's  best
estimate.

Note  15  -  Public  Offering

     During  June  1998,  the  Company completed an offering under Regulation D,
Rule 504.  As a result of the offering, the Company realized $990,000 and issued
2.858,333  common  shares.  The  Company expects to file with the Securities and
Exchange  Commission  to  become  a  reporting  company.


<PAGE>
ITEM  8.     CHANGES  IN  AND  DISAGREEMENTS  WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL  DISCLOSURE.

None.


<PAGE>
                                       PART III

ITEM  9.     DIRECTORS  AND  EXECUTIVE  OFFICERS, PROMOTERS AND CONTROL PERSONS;
COMPLIANCE  WITH  SECTION  16(A)  OF  THE  EXCHANGE  ACT.

SAMUEL  P.  SHANKS,  PH.D.  -  PRESIDENT,  CHIEF EXECUTIVE OFFICER AND DIRECTOR.
--------------------------------------------------------------------------------

Samuel P. Shanks, age 53, has served as the Company's President, Chief Executive
Officer  and  Director since its inception in 1993. Dr. Shanks was co-founder of
the Company along with Lester C. Pickett.   From 1987 to 1993, Dr. Shanks served
with  JAI Associates, Inc., a firm that performs government contracted numerical
research,  where  he served as its President from 1989.  Dr. Shanks earned B.S.,
M.S.,  and  Ph.D.  degrees in Engineering, Mathematics and Computer Science from
Mississippi  State  University.  Over  the  past 30 years, Dr. Shanks has worked
with many major corporations including General Dynamics, Flow Simulations, Inc.,
and  Rocketdyne  Division  of  Rockwell  International  where  he  worked on the
redesign  of  the  space  shuttle  main  engine.  Dr. Shanks developed a powered
missile  separation  Navier-Stokes  code  for  missile  launches  from realistic
aircraft configurations and in 1985, Dr. Shanks received the highest award given
at  NASA/Ames for research, the H. Julian Award, for his work on redesign of the
space  shuttle  main  engine.  Dr.  Shanks  has  over  30 years of experience in
computational fluid dynamics and has made many substantial advances to the state
of  the  art  in  that  field.

LESTER  C.  PICKETT  -  CHAIRMAN  OF  THE  BOARD,  EXECUTIVE  VICE PRESIDENT AND
--------------------------------------------------------------------------------
SECRETARY.
----------

Lester  C.  Picket,  age  59, has served as the Company's Chairman of the Board,
Executive  Vice  President  and Assistant Secretary since its inception in 1993.
Mr.  Pickett  was made Secretary in August, 1998.  Mr. Pickett was co-founder of
the  Company along with Samuel P. Shanks.  Mr. Pickett has more than 30 years of
engineering  experience, including more than 20 years as an independent engineer
consulting  to numerous California manufacturing companies in the development of
new  electronic  products.  Mr.  Pickett  has  worked  for  such  well-known
corporations  as  Douglas  Aircraft  (McDonnell  Douglas,  now Boeing) and Texas
Instruments.   Mr.  Pickett  is  the  inventor  of  the  ultra  high performance
function  generators  and  other central elements of a new type of processor for
performing  exponential  floating  point  computation  at  high speed in various
hardware  technologies  as well as pure software.  Mr. Pickett has also shown in
detail how to construct a complete floating point computing environment based on
such a processor.  Mr. Pickett holds two applicable patents that issued February
1993  and  March  1993,  a third that issued in October 1994 and many issued and
pending  international  patents.  All  substantial rights to the many issued and
pending  patents  held  by  Mr.  Pickett  have  been  assigned  to  Log  Point.


ERROL  FLYNN  -  DIRECTOR.
--------------------------

Errol  Flynn,  age 59, has served as Director of the Company since its inception
in  1993.  Mr. Flynn has over 25 years of experience in all aspects of sales and
marketing.  In 1992, he retired from his position as Vice President of Sales for
Xircom where he was responsible for the increase in annual sales from $4 million
to  $90  million  in  just  under  three  years.


<PAGE>
CHARLES  BOND  -  DIRECTOR.
---------------------------

Charles  Bond,  age 61, has served as Director of the Company since 1994.  Since
January  1998,  Mr.  Bond  has  been self-employed as an independent consultant.
From  June  1997  to  December  1997,  Mr.  Bond  served  as Director of Systems
Development  of  Ampex  Corporation,  a company specializing in electronic video
recording and other electronic consumer products.  From March 1991 to June 1997,
Mr.  Bond served as Director of Engineering for Read-Rite Corporation, a company
specializing  in  Read-Rite  magnetic  heads used in hard drives.   Mr. Bond has
over  20  years  of experience in design engineering and technical management of
disk  drives,  peripherals, and media products and holds several patents in that
area.  Mr. Bond has worked for QUME Corp., Trace Products, Inc., Verbatim Corp.,
Nestar  Systems,  Inc.,  BASF  Systems,  Inc.,  Shugart  and  IBM.  Mr. Bond has
experience  in  all  phases  of  development  from  product  concept  through
manufacturing  and  in  financial  planning,  staffing  and resource management.

WARREN  E.  PICKETT,  PH.D.  -  DIRECTOR.
-----------------------------------------

Warren  E.  Pickett,  age 52, has served as Director of the Company 1994.  Since
July  1997,  Dr.  Pickett has served as a professor of Physics at the University
of  California  at  Davis.  From  October  1979  to June 1997, Dr. Pickett was a
Senior  Research  Physicist  at the Naval Research Laboratory in Washington, D.C
where  he  formulated  and  performed  research in condensed matter theory using
state-of-the-art theoretical approaches and computational methods.  The emphasis
of  his  work  was on superconductivity, magnetism and related unusual materials
properties.  Dr.  Pickett  is  the  brother  of  Lester  C.  Pickett.


<PAGE>

<TABLE>
<CAPTION>
ITEM  10.     EXECUTIVE  COMPENSATION.

                                       SUMMARY COMPENSATION TABLE

                           Annual Compensation               Long Term Compensation
                           -------------------               ----------------------
                                                                      Awards                 Payouts
                                                                      ------                  -------
                                                              Other              Securities
     Name                                                    Annual   Restricted Underlying   LTIP    All Other
and Principal                                               Compensa-   Stock    Options/    Payouts   Compensa-
   Position             Year        Salary*       Bonus       tion     Award(s)    SARs                  tion
      ($)                             ($)          ($)        ($)        ($)       (#)        ($)         ($)
      (a)                (b)          (c)          (d)        (e)        (f)       (g)        (h)         (j)
<S>                  <C>          <C>          <C>          <C>       <C>         <C>       <C>  <C>
Samuel P. Shanks,
  President
Lester C. Pickett,
  Chairman, Exec.
  Vice President &
  Secretary
</TABLE>

*At  June  30,  1999  and  2000, the Company had accrued and unpaid salaries and
wages  to  Lester  C.  Pickett  and  Samuel  P. Shanks of $417,832 and $597,832,
respectively,  excluding  interest  Because  of  the  development  stage  of the
Company,  it  made  arrangements  with  its  employees  under  informal  letter
agreements  to  defer  all  or a part of the salaries or wages until the Company
attains  the ability to permit payments.  The arrangements do not specify a time
period  for  payment.  The deferred amounts, which include the estimated related
payroll  taxes,  will  not  be  payable  until  the  Company attains revenues of
$250,000  per  calendar quarter, at which time a percentage, to be determined by
the  Company, of the amounts of revenues over $250,000 will be devoted to paying
the  deferred  amounts.


<PAGE>
ITEM  11.     SECURITY  OWNERSHIP  OF  CERTAIN BENEFICIAL OWNERS AND MANAGEMENT.

                Name  and  Address            Amount     Percent  Title of Class
                of  Owner                    Owned      of Class
 ----

Common         Samuel  P.  Shanks,
               President/CEO/Director
               655  Fair  Oaks  Ave.,  F205
               Sunnyvale,  CA  94086         2,029,824         18.35

Common         Lester  Pickett
               Chairman/Exec.  VP/Secretary
               178  Centre  St.,  #21
               Mountain  View,  CA  94041     2,595,000        23.46

Common         Charles  R.  Bond,  Director
               502  Sark  Ct.
               Milpitas,  CA  9505              20,000          0.18

Common         Errol  Flynn,  Director
               407  W.  Main  St.
               Sackets  Harbor,  NY  13685      182,000         1.64

Common         Warren  Pickett,  Director
               2613  Chateau  Lane
               Davis,  CA  95616               180,000          1.62
                                               -------          ----
                                            5,006,824          45.25

No  officers,  directors,  or  security  holders  listed above own any warrants,
options  or  rights.

The  Company  has an employee common stock purchase program, see Exhibit of form
of  Restricted  Stock Purchase Agreement, under which employees are permitted to
purchase  shares  at a price of $0.00125 per share. At June 30, 2000, a total of
5,199,153  common shares had vested under the program, and 207,228 common shares
were  unvested and subject to repurchase.  If the employee leaves the employment
of  the  Company  during  a  certain  period of time, the employee must sell the
unvested shares to the Company at the price for which the shares were purchased.


<PAGE>
ITEM  12.     CERTAIN  RELATIONSHIPS  AND  RELATED  TRANSACTIONS.

Lester C. Pickett, Chairman of the Board, Executive Vice President and Secretary
of the Company is the brother of Warren Pickett, who serves as a Director of the
Company.

As  of  June 30, 2000, officers of the Company had advanced a total of $115,020,
to the Company. Also, at June 30, 2000, the officers had deferred salary amounts
from  the  Company  of  $597,832,  excluding  interest.

On  February  18,  1993, the Company entered into a technology license agreement
with the founders of the Company, one of whom is the holder of two United States
Patents,  a  pending  patent,  pending  international  patents,  and  licensed
trademarks  and logo for founders common shares, $210,000 to the one founder who
is the owner of the patents, and royalties based upon revenues to be paid to the
owner  of the patents.  The $210,000 was due upon signing of the agreement or in
installment  payments  over an unstated period.  Royalties of 5% of annual gross
receipts  to  $25,000,000, and 2% of annual gross receipts over $25,000,000.  At
June  30,  1999 and 2000, the unpaid balance of the $210,000 amount was $160,574
and  $170,428,  respectively.   The  aforementioned  agreement  does  not have a
termination date, and provides the Company with the exclusive worldwide right to
manage  all leasing, marketing, selling and vending of sub-licenses with respect
to  the  licensed  technology and products under the patents.  The approximately
remaining  life  of  the  two  United  States  patents  is  15  years.



               (Remainder of this page left intentionally blank.)

<PAGE>
ITEM  13.               EXHIBITS  AND  REPORTS  ON  FORM  8-K

     (A)  EXHIBITS
                    INDEX  TO  EXHIBITS.

EXHIBIT               DESCRIPTION  OF  DOCUMENT
-------               -------------------------

3(i)          Articles  of  Incorporation  filed  July  19,  1996.*

3(ii)         Amendment  to  Articles of Incorporation filed January 22, 1997.*

3(iii)        Amendment  to Articles of Incorporation filed November 6, 1997.*

3(iv)         Bylaws.*

10.0          Confidential  Technology  License  Agreement  dated  February  18,
              1993.*

10.1          Non-Disclosure  Statement,  Employee  Proprietary and Confidential
              Information Agreement with  Samuel  P. Shanks dated May 2,  1994.*

10.2          Non-Disclosure  Statement,  Employee  Proprietary and Confidential
              Information Agreement with Lester  Pickett  dated  May  2,  1994.*

10.3          Stock  Purchase  Agreement,  Form  of*


23.1          Consent  of  Accountants.


99.0          Form  of  Stock  Certificate.*


               DESCRIPTION  OF  EXHIBITS.
               --------------------------

The  required  exhibits  are  attached  hereto,  as  noted  in  Item  1  above.


     (B).     REPORTS  ON  FORM  8-K


Note:  *  Previously  filed  with  Securities  and Exchange Commission on EDGAR.


<PAGE>
Pursuant  to  the  requirements  of Section 12 of the Securities Exchange Act of
1934, the registrant has duly caused this registration statement to be signed on
its  behalf  by  the  undersigned,  thereunto  duly  authorized.


                               LOG  POINT  TECHNOLOGIES,  INC.

Date:  February  14,  2001       By:     /s/Samuel  P.  Shanks
       -------------------         -----------------------------
                                    Samuel P. Shanks, President



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