SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

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FORM 8-K

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CURRENT REPORT

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

Date of of Report (Date of earliest event reported): ~~April 19~~May 21, 2010

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POWER SPORTS FACTORY, INC.
		(Exact Name of Registrant as Specified in Charter)



Minnesota		000-25385	41-1853993
(State or Other Jurisdiction		(Commission	( I.R.S. Employer
of Incorporation)		File Number)	Identification No.)


	300 Walnut Street, Philadelphia, PA 19106
	(Address of Principal Executive Offices) (Zip Code)


Registrant's telephone number, including area code: (267) 546-9073

POWER SPORTS FACTORY, INC.

(Exact Name of Registrant as Specified in Charter)

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Minnesota	000-25385	41-1853993
(State or Other Jurisdiction	(Commission	( I.R.S. Employer
of Incorporation)	File Number)	Identification No.)

300 Walnut Street, Philadelphia, PA	19106
(Address of Principal Executive Offices)	(Zip Code)

Registrant's telephone number, including area code: (267) 546-9073

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 (see General Instruction A.2. below):

~~{ }~~o Written communications pursuant to Rule 425 under the Securities Act (1717CFR ~~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 5 7.0201. Regulation ~~Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers~~FD Disclosure.

On ~~April 19,~~ May 16th, 2010, ~~Mr. Shawn~~we ~~Landgraf~~were ~~submitted~~served ~~his~~with ~~resignation, effective~~a ~~June 30~~suit filed by Andretti IV, ~~2010~~LLC, aswhich ~~Chief~~has ~~Executive~~licensed to ~~Officer~~us, ~~and~~pursuant asto aLicensing ~~Director~~Agreements, certain rights to use the “Andretti” name in connection with the branding and sale of our ~~Board~~“Andretti Benelli” and “Yamati” lines of ~~Directors~~scooters. ~~Mr. Landgraf~~We ~~stated~~have been in ~~his~~default ~~resignation~~of ~~that~~our obligations under the ~~Company’s~~Licensing ~~cash~~Agreements ~~flow~~at ~~was~~various ~~not~~points ~~sufficient~~in tothe ~~sustain~~last ~~operations~~several years, and ~~that~~have abeen ~~significant~~engaged ~~restructure~~in ofsettlement ~~outstanding~~agreement ~~debt~~negotiations ~~and~~with ~~other~~Andretti ~~obligations~~IV, ~~would~~LLC beat various ~~required~~times up to ~~enable~~recently. Andretti IV, LLC terminated the ~~Company~~Licensing Agreements toon ~~continue~~February ~~operations.~~1, Mr2010. ~~Landgraf~~ ~~also indicated~~The ~~that~~lawsuit henames ~~would~~the ~~work~~Company, ~~with~~Shawn ~~the~~Landgraf (our ~~Board~~Chief inExecutive ~~the~~Officer) ~~transition~~and ~~period~~Steve ~~prior~~Rubakh to(our President) as defendants, and seeks payments owed under the ~~effectiveness~~Exclusive ofLicensing ~~his~~Agreement, ~~resignation~~damages tofor fraudulent ~~provide~~inducement, ~~assistance~~misrepresentations, indamages ~~implementing~~to the Andretti IV name, ~~Board’s~~goodwill ~~decisions~~and ~~affecting~~reputation, ~~operations~~and preliminary injunctive relief to prevent further use by us of ~~the~~Andretti ~~Company~~IV licensed rights.

SIGNATURE

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

	POWER SPORTS FACTORY, INC.
Date April 19, 2010	By:	/s/ Steve Rubakh
Date: May 21, 2010	By:	/s/ Shawn Landgraf
		Name Steve Rubakh
		Shawn Landgraf
		Title President
		Chief Executive Officer

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