UNITED
STATES SECURITIES AND EXCHANGE COMMISSION


Washington,
D.C. 20549





FORM
10-K/A


(Amendment
No. 1)





ANNUAL
REPORT UNDER SECTION 13 OR 15(d)


OF THE
SECURITIES EXCHANGE ACT OF 1934





For
the fiscal year ended September 30, 2008





Commission
file number: 0-6428





ASI
Technology Corporation


(Exact
name of registrant as specified in its charter)




Nevada
            88-0105586(State
      or other jurisdiction of
            (I.R.S.
      Employerincorporation
      or organization)
            Identification
      Number)





980
American Pacific Drive, Suite #111


Henderson,
Nevada 89014


(Address
of principal executive offices)





(702)
734-1888


(Registrant’s
Telephone Number, Including Area Code)





Securities
registered pursuant to Section 12(b) of the Exchange Act: None





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


Common
Stock, par value $0.02





Indicate
by check mark if the registrant is a well-known seasoned issuer, as defined in
Rule 405 of the Securities Act. Yes o No x





Indicate
by check mark if the registrant is not required to file reports pursuant to
Section 13 or Section 15(d) of the Exchange Act.  Yes o No x





Indicate
by check mark whether the registrant (1) has filed all reports required to be
filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the
preceding 12 months (or for 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.   Yes x No o





Indicate
by check mark if disclosure of delinquent filers pursuant to Item 405 of
Regulation S-K is not contained herein, and will not be contained, to the best
of registrant’s knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. o





Indicate
by check mark whether registrant is a large accelerated filer, an accelerated
filer, a non-accelerated filer or a smaller reporting company .  See
the definitions of “accelerated filer,” “large accelerated filer,” and “smaller
reporting company” in Rule 12b-2 of the Exchange Act. (Check one):





Large
Accelerated Filer o  Accelerated
filer o  Non-accelerated
filer   o   Smaller
reporting company x





Indicate
by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Act). Yes o No x





The
aggregate market value of the issuer’s Common Stock held by non-affiliates of
the registrant on March 31, 2008 was approximately $3,828,000 based on the
closing price as reported on the NASD’s OTC Electronic Bulletin Board
system.





As of
December 15, 2008 there were 17,125,723 shares of ASI Technology Corporation
Common Stock, par value $.02, outstanding.




















TABLE
OF CONTENTS




PagePART
      IVSIGNATURES
            5Exhibit
      Index



















































2











EXPLANATORY
NOTE





We filed
our Annual Report on Form 10-K for the year ended September 30, 2008 on December
17, 2008 (the “Original Filing”) and are filing this Amendment No. 1 to the
Annual Report on Form 10-K/A for the year ended September 30, 2008, solely to
replace Exhibits 31.1 and 31.2 for the year ended September 30,
2008.





Other
than as noted above, no other changes have been made to the Original Report.
This Amendment does not reflect events occurring after the filing of the
Original Report. Accordingly, this Amendment should be read in conjunction
with the Original Report and our other filings subsequent to the filing of the
Original Report.
















































3





SIGNATURES





In
accordance with Section 13 or 15(d) of the Exchange Act, the Registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.





ASI
      TECHNOLOGY CORPORATIONBy:   /s/ JERRY E.
      POLISJerry
      E. PolisPresident





Date:
February 18, 2010





In
accordance with the Exchange Act, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.





Name
            Position
            Date/s/
      JERRY E.
      POLIS
            President
            February
      18, 2010Jerry
      E. Polis
            and
      Chairman(principal
      executive officer)/s/
      ERIC M.
      POLIS
            Secretary,
      Treasurer and Director
            February
      18, 2010Eric
      M. Polis
            (principal
      financial and accounting officer)/s/
      GERALD L.
      EHRENS
            Director
            February
      18, 2010Gerald
      L. Ehrens/s/
      RICHARD A.
      FAIT
            Director
            February
      18, 2010


Richard
A. Fait








4








EXHIBIT
INDEX





ExhibitNumber
            Description of
      Exhibit31.1
            Certification
      of Principal Executive Officer, Pursuant to Exchange Act Rule 13a-14(a),
      as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of
      2002.31.2
            Certification
      of Principal Financial Officer, Pursuant to Exchange Act Rule 13a-14(a),
      as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of
      2002.








































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