UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 --------------- FORM 8-K/A (Amendment No.1) CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) December 7, 2005 --------------- PARALLEL TECHNOLOGIES, INC. --------------------------------------- (Exact name of Registrant as specified in charter) Nevada 0-19276 13-3140715 - ------------------------ -------------------- ---------------------- (State of Incorporation) (Commission File No.) (IRS Employer Identification Number) 1 Shuang Qiang Road, Jinzhou, Dalian, People's Republic of China 116100 - ---------------------------------------------------------------- -------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (011)-86-411-8770-3333 ---------------------- c/o Glenn Little 211 West Wall Street Midland, Texas 79701 (432) 682-1761 -------------------- (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: [] Written communications pursuant to Rule 425 under the Securities Act(17CFR230.425) [] Soliciting material pursuant to Rule14a-12 under the Exchange Act (17CFR240.14a-2) [] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17CFR240.14d-2(b)) [] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17CFR240.13e-4(c)) Explanatory Note This Amendment is being filed to file exhibit 16.2 as part of the Form 8-K. Item 9.01 Financial Statements and Exhibits Exhibit Description of Exhibit 16.2 Letter dated December 13, 2005 from S.W. Hatfield, CPA to the Securities and Exchange Commission. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this amendment to the Current Report to be signed on its behalf by the undersigned hereunto duly authorized. Date: December 19, 2005 Parallel Technologies, Inc. (Registrant) By: /s/ Wenbing Chris Wang ---------------------------- Wenbing Chris Wang Chief Financial Officer