QI Systems (QIIU) 8-K Results of Operations and Financial Condition

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

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934.

Date of Report: October 31, 2006 (Date of earliest event reported)
QI Systems Inc. (Exact name of registrant as specified in its charter)
TX (State or other jurisdiction of incorporation)	000-30948 (Commission File Number)	20-5126146 (IRS Employer Identification Number)
609 Cheek Sparger Road; Suite 300 (Address of principal executive offices)		76034 (Zip Code)
817-485-8111 (Registrant's telephone number, including area code)
Not Applicable (Former Name or Former Address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02. Results of Operations and Financial Condition

As of October 31, 2006 we issued a press release reporting our financial results for the quarter and year ended June 30, 2006.

Item 9.01. Financial Statements and Exhibits

(a) Financial statements:
            None
(b) Pro forma financial information:
            None
(c) Shell company transactions:
            None
(d) Exhibits
            99.1       Press Release of QI Systems Inc. dated October 31, 2006

SIGNATURE

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

Dated: October 31, 2006
QI SYSTEMS INC. By:  /s/ Robert McLean                    
     Robert McLean
     CFO

Exhibit Index
Exhibit No.	Description
99.1	Press Release of QI Systems Inc. dated October 31, 2006