Form 10-QSB
                                                              CONFORMED
                    Securities and Exchange Commission
                         Washington, D.C. 20549

(Mark One)
     [X]      QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                      SECURITIES EXCHANGE ACT OF 1934

         For the quarterly period ended   March 31,September 30, 1998  

                                    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     
          (Exact name of registrant as specified 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 and ZIP Code)


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


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

 Common Stock, $.001, par value                                               
 None               
 Title of Class               Name of each exchange on which registered

Check whether the issuer (1) has filed all reports required to be filed by 
Section 13 or 15(d) of the Securities Exchange Act of 1934 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      

As of November 1,1997,September 30,1998, their were 3,412,0593,382,859 shares of common stock 
outstanding.


                   LOGITEK, INC.
            Quarterly Report on Form 10-QSB
   
                     INDEX
                                                          Page #

Part 1:FINANCIAL INFORMATION

Item 1.Financial1. Financial Statements
        Balance Sheets as of March 31,September 30, 1998 and
        June 30, 19971998                                                     3

        Statements of Operations and Retained Earnings
        for the Nine 
    and Three Months Ended March 31,September 30, 1998 and 1997            4

        Statements of Cash Flows for the Nine and Three Months
        Ended March 31,September 30, 1998 and 1997                                 5

        Notes to Financial Statements                                     6

Item 2.Management's2. Management's Discussion and Analysis of Financial Condition
        and Results of Operations                                         7

Part II:OTHER INFORMATION

Item 4.Submission of Matters to a Vote of Security Holders

Item 6.Exhibits6. Exhibits and Reports on Form 8-K

  a)  Exhibits                                                   9

  b) Reports on Form 8-K                                  9


        Signatures                                                       10


                       PART I - FINANCIAL INFORMATION      
                       ITEM 1. FINANCIAL STATEMENTS
                              LOGITEK, INC 
                              BALANCE SHEETS 

ASSETS                                    March 31,1998September30,1998     June 30,199730,1998 

Current Assets:                              (Unaudited)
  Cash                                         $547,806             $393,797$424,833          $429,713
  Accounts Receivable                          560,962              422,549receivable,                          604,899           676,704 
  Inventories                                 (Note 2)                         1,025,793            1,046,0821,058,604         1,061,103 
  Prepaid expenses and other                     19,315               34,292 
  Due from officer                              30,500               30,50011,857            15,332 
Total Current Assets                          2,184,376            1,927,2202,100,193         2,182,852 

Property and equipment,less
  accumulated depreciation                      625,103              668,861658,234           680,134 
Other Assets: 
  Deferred Income Taxes,State                     7,000             7,000 
  Goodwill                                       34,441            34,441 
  Other                                          39,656               36,32347,649            48,695 
     Total Assets                             2,883,576            2,666,8452,847,517         2,953,122
                                
           
LIABILITIES AND STOCKHOLDERS' EQUITY:
Current Liabilities:
  Current portion of long-term debt             $122,597             $145,182$81,220           $90,525 
  Capitalized lease obligation,                  12,951               11,783current           22,802            22,123 
  Accounts payable                              281,818              385,882301,991           324,736 
  Accrued expenses                               264,460              154,50785,610           194,398 
     Total current liabilities                  681,826              697,354491,623           631,782 
Capitalized lease obligation,less
  current portion                               32,169               50,119Lease Obligation, 
     Less Current Portion                        70,099            75,350 
Long-term debt, less current maturities         311,439              398,596288,018           300,360 
Deferred income taxes                            65,380               15,38052,000            52,000 
  Total Liabilities                             1,090,814            1,161,449901,740         1,059,492 
STOCKHOLDERS' EQUITY 
  Common stock$.01stock, $.01 par value; authorized
  10,000,000 shares;issued 3,600,000 shares     36,000            36,000 
  Capital in excess of par value                280,355           280,355 
  Retained earnings                           1,484,059            1,196,6931,649,630         1,597,483 
  Sub-total                                   1,800,414            1,513,0481,965,985         1,913,838 
  Less:
    Treasury shares,at cost, 176,000cost,187,941 shares      (7,652)              (7,652)(20,208)          (20,208)
      Total stockholders' equity              1,792,762            1,505,3961,945,777         1,893,630 
    Total liabilities and stockholders'equity $2,883,576           $2,666,845stockholders'equit $2,847,517        $2,953,122 


                  See notes to the financial statements.


                               LOGITEK, INC 
                STATEMENTS OF OPERATIONS AND RETAINED EARNINGS
             For the Three and Nine Months Ended March 31,September 30, 1998 and 1997
                              (Unaudited)

                                                       Three Months Ended
                                                          Nine Months Ended
                                       March 31,                 March 31, 
                                     1998       1997September 30,       
                                                      1998             1997  
 
Net sales                                          $1,249,888  $1,181,406   $3,560,150 $2,974,449$1,089,905      $1,100,862

Cost of goods sold                                    703,348     676,210    2,112,834  1,787,002708,642         652,133
  Gross profit                                        546,540     505,196    1,447,316  1,187,447381,263         448,729

Operating expenses:
  Selling                                              84,928      74,884      249,841    214,86078,108          91,916
  General and
   administrative                                     203,770     249,362      554,889    502,258161,921         198,356
 Research and development                              52,834      61,953      130,754    157,63955,305          37,699
  Total operating expenses                            341,532     386,199      935,484    874,757295,334         327,971

Income (loss) from operations                          205,008     118,997      511,832    312,690

Other (income) expense:85,929         120,758

  Interest expense,net                                 11,899      19,991       40,464    61,436
  Legal settlement (Note 4)            0       (50,000)         0     (50,000) 
 Total other (income) expense       11,899     (30,009)      40,464    11,43613,782          16,320

Income (loss) before 
 provision for income taxes                            193,109     149,006      471,368   301,25472,147         104,438

Provision for income taxes                             (Note 3)  70,000      29,550      184,000    60,00020,000          44,000

Net income (loss)                                      123,109     119,456      287,368   241,25452,147          60,438

Retained earnings,beginning of period               740,826      568,165     612,152   517,9191,597,483       1,196,693

Retained earnings,end of period                    1,484,059   1,113,381   1,484,059 1,113,381$1,649,630      $1,257,131

Per share amounts 
  Net income (loss)                                     $0.03       $0.03        $0.08     $0.07$.02           $.02 

Weighted average shares
  outstanding                                       3,382,859       3,412,059

                       3,424,000    3,412,059 3,424,000

                                       
                      See notesNotes to financial statements.
statements
 


                                 LOGITEK INC.
                            STATEMENTS OF CASH FLOWS
             For the Nine and Three Months Ended March 31,ended September 30, 1998 and 1997
                                  (Unaudited)

                                                   Three Months Ended   
                                                      Nine Months Ended
                                    March 31,                 March 31,September 30,      
                                                    1998             1997 

1998      1997Cash Flows from Operating Activities
Net income (loss)                                   $123,109  $119,456        $287,368  $241,254$52,147        $60,438

Adjustments to reconcile net
 income (loss) to cash provided
 (used) by operations:operating activiities:
   Depreciation                                      21,900         23,250    34,075          69,750   82,575
   Accounts receivable                               150,981    65,538        (138,413)(131,369)71,805         48,490
   Inventories                                        30,500     4,500          20,289  (90,890)2,499         45,290
   Prepaid expenses and other                         13,517    13,193          14,973   31,5543,475         28,862
   Other assets                                       (4,241)   (1,775)         (3,333)  (2,181)1,046           (228)
   Accounts payable                                 (76,039)  (92,502)       (104,064) (70,282)(22,745)       (69,991)
   Accrued expenses                                85,159    54,486         109,955  (29,581)(108,788)       (55,392)
   Deferred taxesTaxes                                       0           10,000    (4,086)         50,000      0
 Total adjustments                                  233,127    73,429          19,157 (210,174)
Net cash provided (used) by
   operating activities         356,236   192,885         306,525   31,080

Cash flows from investing activities:
Acquisition of equipment        (25,992)  (31,550)        (25,992) (36,873)(30,808)        30,281

 Net cash provided by investing(used in) operating
   activities                                        (25,992)  (31,550)        (25,992) (36,873)21,339         90,719
Cash flowsFlows from financing activities:Financing Activities:
   Repayment of long-term debt   (38,137)  (34,911)        (109,742)(104,652)
  Capitalized lease obligation   (6,245)   21,964          (16,782)  19,706Long Term Debt                      (26,219)       (40,007)
   Purchase of Property, Plant and Equipment            0              0   
     Net cash (used) by(used in) financing activities        (44,382)  (12,937)        (126,524) (84,946)

Netincrease(decrease)(26,219)       (40,007)
  Net increase (decrease) in cash                    285,862   148,398         154,009  (90,739)(4,880)        50,712
Cash, beginning of period                           261,944   109,842429,713        393,797  348,979
Cash, end of period                                $547,806  $258,240        $547,806  $258,240$424,833       $444,509

Supplemental disclosures:
  Cash paid for:
    Interest                                         $9,697   $19,911         $45,207   $61,43613,782         16,320 

                      See notes to financial statements.statements       


                              LOGITEK, INC. 
                      Notes to Financial Statements 

Note 1 - Basis of Presentation 

The financial statements included herein have been prepared by the Company, 
without audit,pursuant to the rules and regulations of the Securities and 
Exchange Commission and reflect all adjustments which are, in the opinion of
management, necessary to present fairly the information required therein. 
Certain information and footnote disclosures normally included in the 
financial statements prepared in accordance with generally accepted 
accounting principles have been omitted pursuant to such rules and 
regulations, although management believes that the disclosures are adequate 
to make the information presented not misleading.  It is suggested that these
financial statements be read in conjunction with the financial statements 
and notes thereto included in the Company's Form 10-KSB filed with the 
Securities and Exchange Commission for the year ended June 30, 1997.1998.  

The results of operations for the three and nine months ended March 31,September 30, 1998 are 
not necessarily indicative of the results of operations to be expected for 
the full year.

NOTE 2 - Inventories 

Inventories consisted of the following:


                               March 31,September 30,                   June 30,
                                   1998                          1997
             
Materials                             $484,991                $505,2801998
 Raw materials                   $545,828                     $547,117  
 Work-in-process                  326,954                 326,954346,941                      347,760  
 Finished goods                   213,848                 213,848165,835                      166,226  
      Total                    $1,025,793              $1,046,082$1,058,604                   $1,061,103  
                                                                         
                                                                         
For the three and nine months ended March 31,1998September 30, 1998 the Company used the gross 
profit method to calculate ending inventory values.  
                                                                         
Note 3 - Provision for Income Taxes
                                                                         
IncomeThe provision for income taxes were differentdiffers from the amounts computed by applying
the federal income tax rate to the income before income taxes due to the 
following:
                                                                         
                                          
                                                       Three Months Ended          Nine Months Ended
                                                                         
                           3/31/98     3/31/97          3/31/98   3/31/97September 30,
                                                            %        
                                                      1998      1997    
Statutory rate                                        34%         34%             34%       34%34.0      34.0
State income taxes,net of federal tax benefit         4           2               4         2    
 Deferred Tax Provision        6                          10 
 General business2.0       2.0
Utilization of tax credit                            (8)        (16)             (9 )     (16)(10.3)     (6.0)   
Other                                                  2.0      12.0           
Effective tax rate                                    36%         20%             39%       20 % 
                                                                         
                                                                         
                                                                         
Note 4-Legal Settlement
                                                                         
The Company has made a settlement on a trademark infringement suit. The 
settlement was for $105,000, of which $55,000 was received in the quarter
ended June 30,1996 and the remaining $50,000 was received in the quarter 
ended March 31,1997.27.7      42.0         
                                                                         
                                                                         
                                                                         
                                  ITEM 2
             MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL 
                    CONDITION AND RESULTS OF OPERATIONS 


The following table presents selected financial information for the periods 
March  31,September  30, 1998 and 1997, respectively.1997.

                                                       Three Months Ended 
                                                           Nine Months Ended 
                              March 31,                 March  31, 

                            1998       1997September 30,
                                                      1998            1997

Net sales                                          $1,249,889   $1,181,406     $3,560,150  $2,974,449$1,089,905     $1,100,862

Gross profit                                         $546,540     $505,196     $1,447,316  $1,187,447$381,263       $448,729

Gross margin                                           43.7%        42.8%         40.7%     39.9%    
Operating expenses       $341,532     $386,199      $935,484   $874,757   
Legal settlement income                $50,000                  $50,00035.0%          40.8% 

Net income (loss)                                     $123,109     $119,456      $287,368   $241,254$52,147       $60,438

Net income (loss), per share                            $0.02        $0.02


General 

Logitek, Inc. (the "Company") reported a profitnet income of $287,368$52,147 for the ninethree 
months ended March 31,September 30, 1998 versus a profit of $241,254$60,438 for the prior year period.For the quarter ended March 31,period.

The Company's sales backlog is aproximately $1,750,000 at September 30, 1998 
the Company reported a profit of
$123,109 compared to a profit of $119,456 for the prior year quarter.versus $2,500,000 at September 30, 1997. 

Results of Operations  

Net sales for the first ninethree months of fiscal 1998ended September 30,1998 were $3,560,150$1,089,905 
compared to $2,974,449$1,100,862 or an increasedecrease of $585,701.  Net sales for$10,957, or 1%, from the prior year
period. This decrease is the result of certain jobs being delayed awaiting 
engineering release. These releases are expected to occur early in the 
second quarter.



Gross profit decreased to 35.0% in the quarter ended March 31,September 30, 1998 were $1,249,889 
compared to $1,181,406 or an increase of 
$68,483.    

Gross profit increased to 40.7%  in the current nine month period compared 
to 39.9%40.8% for the prior year.year quarter. This increasedecrease in gross profit 
is attributablea result of the Company's committment to increased 
sales with only minimal additional manufacturing overhead.labor in the 
engineering and quality control areas. The Company belieives this investment 
will pay off in the near term.

Operating expenses for the ninethree months ended March 31,September 30, 1998 increased $60,727.decreased 
$32,637 or 10% This occurred as a result of additionalthe Company continuing to 
maintain tight cost controls over its general and administrative overhead 
incurredexpenses 
as the Company plans for greater sales volume based on increased 
bookings and increased sales activity.well as its general overhead.

Liquidity

As of March  31, 1998September 30 and June 30, 19971998 the Company had cash on hand of $547,806$424,833
and $393,797,$429,713, respectively; and, as of March 31,September 30, 1998 the Company's 
current ratio was 3.204.27 compared to 2.76 as of3.46 at June 30, 1997.1998. Total borrowings 
were $479,156$462,139 at March  31,September 30, 1998and $ 605,680$488,358 at June 30, 1997 . 
This represents1998 for a 
decrease of $126,524.$26,219 while accounts payable and accrued expenses decreased 
$138,533. 


The Company does not anticipate any new borrowings, however, if the need 
arises to purchase equipment in its continuing effort to modernizeincrease its 
manufacturing capability it is the Company's intention to lease such 
equipment ratheron more favorable terms than purchase in order to conserve as much cash as possible.an outright purchase.

                       


                   PART II - OTHER INFORMATION 
                                      
Item 4.6. Exhibits and Reports on Form 8-K

     a) Exhibits- There are no exhibits being filed with this report

 b)(a)  Exhibits - None

     (b)  Reports on Form 8-K - None



                                SIGNATURES



Pursuant to the requirements of The Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the 
undersigned thereunto duly authorized.





                                          LOGITEK, INC.
                                          Registrant






 Date:            4/28/11/ 5/ 98         By:  /s/ Herbert L. Fischer
                                             Herbert L. Fischer
                                             President and
                                             Chief Executive Officer





 Date:            11/ 5/ 98         By:  /s/ Herbert L. Fischer  
                                             Herbert L.Fischer
                                             Chief Financial Officer