U.S. Securities and Exchange Commission

                    Washington, D.C. 20549
                                                        CONFORMED
                           Form 10-KSB
(Mark One)
   [X]      ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                  SECURITIES EXCHANGE ACT OF 1934

               For the fiscal year ended      June 30, 1997     
                                    OR
       [ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                      SECURITIES EXCHANGE ACT OF 1934

          For the transition period from                        

           Commission File Number        0-15545               

                          Logitek, Incorporated     
              (Name of small business issuer in its charter)

                New York                       No. 11-2203507
      (State or other jurisdiction of              (I.R.S. Employer
      incorporation or organization)              Identification No.)

       101 Christopher St., Ronkonkoma, N.Y.             11779      
   (Address of principal executive offices)                  (Zip Code)

Registrant's Telephone Number, including area code     516-467-4200   

Securities registered pursuant to Section 12(b) of the Act:
 Title of each class           Name of each exchange on which registered

         None                                     None            

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

                                         Common Stock, $.01 par value   
                             (Title of class)
Check whether the issuer (1) filed all reports required to be filed by 
Section 13 or 15(d) of the Securities Exchange Act during the past 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     

Check if there is no disclosure of delinquent filers pursuant to Item 405 of 
Regulation S-B in this form, and no disclosure will 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-KSB or any amendment 
to this Form 10-KSB 
[ X ]

Issuer's revenues for its most recent fiscal year:    $4,157,472 
The aggregate market value of voting common stock held by non-affiliates,
computed based upon the average of the closing bid and asked prices on 
September 3, 1997 was $2,617,990.  As of September 3, 1997, there were
3,423,730 shares of common stock outstanding (of which 1,925,753 shares were
 held by non-affiliates).
                                    
        Documents Incorporated by Reference: 1996 Proxy Statement<PAGE>






ITEM 6.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                  CONDITION AND RESULTS OF OPERATIONS 
                                    
General 

The Company ("Logitek, Inc.") reported a
net profit after tax of $324,566 for the year
ended June 30,1997 compared to a $259,975
profit for the year ended June 30, 1996.   

Results of Operations
Comparison of Fiscal Years Ended June 30,
1997 and 1996

Sales for fiscal 1997 were $4,157,472
compared to $3,461,412 for the prior year,
or a 20% increase of $696,060. The increase
was due primarily to additional sales as a
result of new product lines. The company
has also begun to utilize fully automated test
and automatic assembly equipment  and has
redesigned certain of its products to take
advantage of the more cost effective surface
mount manufacturing technologies.

Gross profit margins were 38.7 % and
40.9% for the twelve month periods ended
June 30, 1997 and 1996. This reflects the
company's committment to manufacturing its
products in a more efficient manner, as well
as close cost containment.

Operating expenses for fiscal 1997 were
approximately $1,188,000 compared to
$1,054,000 or a increase of $134,000. Of
this increase,research and development
expenses accounted for approximately 
$27,000. This increase is a reflection of the
company's efforts to develope the digital
power monitor and a high density power
supply, both of which will be unique in the
marketplace and  differentiate he company.
The remaining $ 107,000 consists of a
reclassification of the Vice President &
General Manager's salary as well as an
increase in general overhead.   

Interest expense decreased approximately10%
due to decreased borrowing levels.  During the
past twelve month period the Company has
reduced total debt by $123,284.  By December
1994 all then existing equipment loans  had
been satisfied. The Company will now be
required to service its two mortgages on the
building and a term loan with a  balance of
$116,000  as of June 30, 1997 (see Notes 7
and 8). In June 1995 and October 1995 the
Company decided to borrow $ 65,000 and
$47,500 in order to pay off its remaining
equipment leases and to purchase additional
new equipment as part of its plan to
streamline its operations and to make more of
the manufacturing an automatic  process
rather than labor intensive.  

The  legal expenses of $47,000 for the twelve
month period ended June 30, 1997 were for
normal ongoing legal matters, compared to
$24,000 for the year ended June 30,1996. The
company has made a settlement on a
trademark  infringement  suit. The settlement
is for $105,000 of which $55,000 was collected
in the year ended June 30,1996 and the
remaining $50,000 was collected during the
year ended June 30,1997.

The Company's effective tax rate of 18.8%
differs from the statutory tax rate of 34% due
principally to the impact of a deferred tax , 
utilization of federal tax credits and a state
income tax provision.  

Liquidity and Capital Resources

Total borrowings were $605,680 and $728,964, 
at June 30, 1997 and 1996 , respectively, which
represent decreases of $123,284, or 17%, and
$29,555, or 4%, for the latest two twelve
month periods.  As of June 30, 1997 the
Company has decreased total debt, accounts
payable and accrued expenses by
approximately $211,000 . As of June 30,1996
the Company had increased total
debt,accounts payable and accrued expenses
by $195,398. During this two year period the
Company has built its cash reserves to
approximately $394,000 as of June 30, 1997.

During the year ended June 30,1997, the
Company increased its cash by about $45,000
through its operating activities primarily from
its net income and depreciation.The Company 
used its cash to purchase equipment of
$39,000 and paid down debt by about
$123,000.

The Company is not aware of any
committments or contingencies that are likely 
to have a material impact on the financial 
statements.

Term Loan

In January 1996 the lender agreed to extend
the loan to March 1999. Therefore the  loan
of $116,000 was classified partially as current
and partially as long term as of the date of the 
June 30,1997 report. 
  
Due to the Company's current cash resources
of  $394,000 and it's continued profitability the
Company does not anticipate a need for
additional outside financing.  <PAGE>
Directors Fees

The Board of Directors meets annually each 
year as well as on an interim basis as the need 
arises. All Directors, with the exception of
Herbert Fischer are paid $ 150 per meeting
for their services.


<PAGE>
<PAGE>

                              BALANCE SHEETS 

                                                     June 30,
 ASSETS                                        1997           1996
Current Assets:
Cash and cash equivalents                    $393,797       $348,979
Accounts receivable                           422,549        328,801
Inventories                                 1,046,082      1,018,074
Prepaid expenses and other current assets      34,292         33,941
Due from officer                               30,500         30,500
    Total Current Assets                    1,927,220      1,760,295


Property, Plant, and Equipment, net           668,861        720,929
Deferred income taxes,state                       0            7,000
Goodwill                                       34,441         34,441
Other Assets                                   36,323         33,111
    TOTAL ASSETS                           $2,666,845     $2,555,776

LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Current portion of long-term debt            $145,182       $140,491
Capitalized lease obligation, current          11,783          7,150
Accounts payable                              385,882        463,889
Accrued expenses and taxes                    154,507        166,561
    Total Current Liabilities                 697,354        778,091
Capitalized lease obligation, less current portion 
                                               50,119         39,402
Long-term debt, net of current portion        398,596        541,921
Deferred income taxes payable                  15,380         13,380

     TOTAL LIABILITIES                      1,161,449      1,372,794


COMMITMENTS 
 
STOCKHOLDERS' EQUITY 

Common stock, $.01 par value; authorized
 10,000,000 shares; issued 3,600,000 shares, of which
 187,941 and 176,000 shares are held in treasury, respectively
                                              36,000          36,000

Capital in excess of par value               280,355         280,355
Retained earnings                          1,196,693         872,127
                                           1,513,048       1,188,482
Less: Treasury stock, at cost                  7,652           5,500
Total Stockholders' Equity                 1,505,396       1,182,982


TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $2,666,845     $2,555,776


   The accompanying notes are an integral part of the financial statements.    <PAGE>
Weighted average shares
  outstanding                               3,423,730       3,424,000 

                                  
  <PAGE>
                              LOGITEK, INC. 
                      Notes to Financial Statements 

NOTE 1 - Description of Business and Summary of Significant Accounting 
Policies:Description of business: 

Logitek, Inc. ("the Company") is engaged in the design, development and 
production of electronic power monitoring equipment and electronic power 
supplies.  The Company sells its products and provides services to domestic 
customers, and to a lesser extent to international customers, and to the 
United States government.

Revenue recognition: 

The Company recognizes sales when merchandise is shipped.  For contracts 
subject to Department of Defense regulations, the Company recognizes revenue
when the earnings process is deemed completed.  

Inventories: 

Inventories are carried at the lower of cost (based on a moving average) or 
market.

Property,plant and equipment and depreciation: 

Property, plant and equipment is recorded at cost.  Expenditures for major 
renewals and betterments to property and equipment are capitalized, and 
expenditures for maintenance and repairs are charged to operations as 
incurred.  When assets are retired or otherwise disposed of, their cost and 
related accumulated depreciation are eliminated from the accounts.  Any 
resulting gain or loss is reflected in income.  Depreciation is provided 
using the straight-line method over the estimated useful lives of the 
related assets, which are as follows:
         Buildings and improvements               15 to 31.5 years
         Machinery and equipment                   5 to  7 years
         Furniture and fixtures                         5 to  7 years
         Automobiles                                    5 years

Goodwill: 

Goodwill arose from a 1969 acquisition, is  being reviewed  by management as
to its  continuing value. The Company believes its value has diminished in 
recent years and is contemplating writing this off to earnings in the near
term.

Income taxes: 

Deferred income tax assets and liabilities are computed annually for 
differences between the financial statement and tax bases of assets and 
liabilities that will result in taxable or deductible amounts in the future 
based on enacted tax laws and rates applicable to the periods in which the
differences are expected to affect taxable income.  Valuation allowances are 
established when necessary to reduce deferred tax assets to the amount 
expected to be realized.  Income tax expense is the tax payable or 
refundable for the period plus or minus the change during the period in 
deferred tax assets and liabilities.

Tax credits are accounted for on the flow-through method.

Research and development costs: 

Research and development costs are expensed as incurred.

Cash and cash equivalents: 

The Company considers all highly liquid debt instruments purchased with a
maturity date of three months or less to be cash equivalents.  At June 30, 
1997 and June 30, 1996 the Company has cash deposits in banks in excess of 
the maximum amount insured by the Federal Deposit Insurance Corp.

Earnings per share: 

Earnings per share for both years have been presented based on the weighted 
average number of shares outstanding. The treasury stock method was used to 
compute the fully diluted earnings per common share. This method assumes 
that the proceeds to be obtained when an option is exercised will be used to 
purchase common stock at the average market price during the period. 


Reclassifications:

Certain accounts in the prior year financial statements have been 
reclassified for comparative purposes to conform with the presentation in 
the current year financial statements. These reclassifications have no 
effect on previously reported income.

Use of Estimates in the Financial Statements

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 liablilities and 
disclosure of contingent assets and liabilities at the date of the financial 
statements and the reported amounts of revenues and expenses during the 
reporting period. Actual results could differ from those estimates.

Advertising Costs
Advertising costs are expensed as incurred.

                                         LOGITEK,INC.
                                 Notes to Financial Statements
Note 1- Description of Business and Summary of Significant Accounting 
Policies Fair Value of Financial Instruments

The Company's financial instruments include cash, accounts receivable and 
accounts payable.Due to the short-term nature of these instruments, the fair
value of these instruments approximate their recorded value. The Company has 
long term debt which it believes is stated at estimated 
fair market value.

Impairment of Long Lived Assets 
In 1996, the Company adopted Statement of Financial Accounting Standards No. 
121 "Accounting for the Impairment of Long Lived Assets and for Long Lived 
Assets to Be Disposed Of"(SFAS No. 121).The statement requires the 
recognition of an impairment loss for an asset held for use when the 
estimate of undiscounted future cash flows expected to be generated by
the asset is less than its carrying amount. Measurement of the impairment 
loss is based on fair value of the asset. Generally, fair value will be 
determined using valuation techniques such as the present value of expected 
future cash flows. It was the Company's past policy to measure an impairment
loss for assets held for use based on expected undiscounted future cash flows.
Adoption of this statement will result in recognition of a larger loss, 
based on discounted future cash flows, in the year of impairment and lower 
depreciation charges over the remaining life of the asset. Since adoption,
no impairment losses have been recognized. The recognition and
measurement of impairment  losses for long-lived assets to be disposed of
under SFAS No. 121 is consistent with the Company's past practice.

Stock- Based Compensation
In October 1995, Financial Accounting Standards Board issued Statements of
Financial Accounting Standards No. 123 " Accounting for Stock Based 
Compensation"("SFAS No. 123"). SFAS No. 123 requires compensation expense to
be recorded (i) using the new fair value method or (ii) using existing 
accounting rules prescribed by Accounting Principles Board Opinion No.25,
"Accounting for Stock Issued to Employees" ("APB 25") and related 
interpretations with pro forma disclosure of what net income and earnings 
per share would have been had the Company adopted the new fair value method.
The Company intends to continue to account for its stock based compensation 
plans in accordance with the provision of APB 25. Had the Company elected
to recognize compensation costs based on the fair value of the options at 
the date of grant as prescribed by SFAS No. 123, there would be no material 
effect from that recognized under APB 25 for the years ended June 30,1997 
and 1996.

                                 LOGITEK ,INC.
                          Notes to Financial Statements

Note 3 - Property, Plant and Equipment 
Property, plant and equipment consists of the following:
                                                             June 30,  
                                                         1997          1996  
Land                                                    $78,000       $78,000  
Buildings and improvements                              802,850       802,850  
Machinery and equipment                               1,150,902     1,111,529  
Furniture and fixtures                                  142,876       142,876  
Automobiles                                              68,988        68,988  

  Total                                               2,243,616     2,204,243
 
Less:Accumulated Depreciation                        (1,574,755 )  (1,483,314)  
Property Plant and Equipment,Net                     $  668,861    $  720,929  
(a)Depreciation expense charged to operations was $ 91,441 and $ 110,037 for 
the years ended June 30, 1997 and June 30,1996,respectively.
(b)The cost of equipment under a capital lease and accumulated depreciation
 on these assets was $ 72,646 and $ 11,994, respectively, at June 30,1997,
 and $47,646 and $3,403 respectively at June 30,1996
                                                      
                                                                         
                                                                         
 NOTE 6 - Leases 
Capitalized lease obligation-During the year ended June 30,1997 and June 30,
1996 the Company obtained equipment under capital leases expiring in June 
2002 and June 2001.  The assets and liabilities under capital leases
are recorded at the lower of the present values of the minimum lease 
payments or the fair values of the assets. The assets are included in 
property and equipment and are depreciated over their estimated useful 
lives.As of June 30,1997 , minimum future lease payments under all capital
leases are:

         Year ending                                            Amount
          June 30,   
             1998                                              $   11,783
             1999                                                  13,673
             2000                                                  15,863
             2001                                                  16,145
             2002                                                   4,438  
Total capitalized lease payments                                   61,902
Less: current portion                                              11,783
Total capitalized lease payments net of                          $ 50,119
  current portion
                                                        
Operating leases
                             
The Company leases certain equipment to support its manufacturing and test 
capabilities and certain office equipment.  Such leases expire through June 
2000.  Rent expense for the years ended June 30, 1997 and 1996 was $5,252 
and $2,580 respectively. Future minimum rental payments under noncancelable 
operating leases as of June 30,1997 are as follows:

                                                    
                                            
                      Year Ending
                        June 30,                           Amount
                                                                   
                         1998                             $5,252
                         1999                              5,252
                         2000                              2,672
                        Total                            $13,176
                                                                  
    NOTE 7 - Long-Term Debt 
    Long-term debt consists of the following:
                                
                                                          June 30,      
                                                      1997        1996 
  Mortgage payable to NY Job Development
  Authority (JDA) in monthly installments
  of $2,656 including interest (8.25%  at
  June 30, 1997 and 1996) through June 2004,
  collateralized by restricted cash, building and                       
  improvements with a net book value of
  approximately $406,822 (a)                      $154,340        $  170,309 
                                                            
  Mortgage payable to Long Island
  Development Corp. (LIDC) in monthly
  installments of $4,427, including
  interest at 14.296% through June 2004,
  subordinate to the JDA mortgage,
  collateralized by restricted cash, land,
  building and improvements with a net 
  book value of $406,822  (b)                       229,340        247,755
                                                                  
Notes payable to bank in monthly installments in the
 the aggregate amount of $3,125 plus interest at 1.5% 
 above prime through October 1998, collateralized
 by a secondary lien on all assets
 of the Company (d)                                  44,098         81,598
                                                                   
Term loan payable to bank (c)                       116,000        182,750
                                                                  
Total debt                                          543,778        682,412
                                                                  
Less: Current Portion                              (145,182)      (140,491)
                                                                
Total Long term debt                                $398,596       $541,921
                                                                 
(a) Interest rate varies in response to market conditions. This mortgage is
guaranteed by the U.S.Small Business Administration. The loan contains 
restrictive convenants including default if the Company defaults on any 
superior debt.
(b) This mortgage is personally guaranteed by the Company's president and 
principal stockholder.  The mortgage contains restrictive covenants which 
include, among others, limiting property, plant and equipment additions in 
each year, obtaining written consent of the lender prior to incurring 
additional financing obligations and prior to transferring ownership of
common stock belonging to the Company's president and principal stockholder.
The mortgage is subordinated to the JDA mortgage.
(c)  The term loan payable to bank requires monthly principal payments of
$5,750 plus interest at 2% above the bank's prime rate ( 8.25% at June 30, 
1997) through March 1999.  The note  is collateralized by accounts 
receivable, inventory and certain machinery and equipment.
(d) Interest rate varies in response to market conditions.

Aggregate long-term debt maturities for the five fiscal years subsequent to 
June 30, 1997 are:

                                 Year Ending June 30,            Amount  
                                                                 
                                        1998                  $145,182 
                                        1999                    97,123 
                                        2000                    48,991 
                                        2001                    55,163 
                                        2002                    62,134 
                                                                  
                                    Thereafter                 135,185 
                                                                 
                                       Total                  $543,778 
                                                                
                                                                         
Note 13 - Treasury Stock

Treasury stock at June 30,1997 and June 30,1996 consists of 187,941 and 
176,000  shares at various prices per share.