8-K

                                  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 (DATE OF EARLIEST EVENT REPORTED) OCTOBER 3, 2007
                              (SEPTEMBER 27, 2007)

                            SYSVIEW TECHNOLOGY, INC.
             (Exact name of registrant as specified in its charter)

           DELAWARE                                          59-3134518
(State or other jurisdiction of                           (I.R.S.Employer
incorporation or organization)                         Identification Number)

                              1772 TECHNOLOGY DRIVE
                           SAN JOSE, CALIFORNIA 95110
               (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES, ZIP CODE)

                              408-436-9888 EXT. 207
              (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 (see General Instruction A.2. below):


|_| Written communications pursuant to Rule 425 under the Securities Act
    (17 CFR 230.425).
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act
    (17 CFR 240.14a -12).
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
    Act (17 CFR 240.14d -2(b)).
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
    Act (17 CFR 240.13e-4(c))







ITEM 1.01         ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

$1,500,000 MONTAGE CAPITAL LOAN

         On September 27, 2007 ("Effective Date" and "Closing Date"), Sysview
Technology, Inc. (the "Company") and Syscan, Inc., the Company's wholly-owned
subsidiary ("Syscan"), entered into a Loan Agreement ("Loan Agreement") with
Montage Capital, LLC ("Lender"). For purposes of the Loan Agreement, the Company
and Syscan are collectively referred to as "Borrower."

         Under the Loan Agreement, the Borrower may borrow $1,500,000 ("Loan")
with one advance available on the Closing Date, on which date Borrower is to pay
Lender an origination fee of $55,000. The Loan may only be used to repurchase
shares of the Company's common stock under the Shares Buy-Back Agreement between
Borrower and Syscan Imaging Limited (the "Buy-Back Agreement"). The Buy-Back
Agreement is described more fully below.

         Amounts outstanding under the Loan will accrue interest at a per annum
rate equal to 15%. Interest only payments are due monthly starting from initial
funding through October 31, 2007. Thereafter, principal of $100,000 per month
plus accrued interest is due through Maturity (as defined below). The remaining
principal balance will be due at Maturity. If Borrower sells any assets outside
the ordinary course of business and receives cash proceeds from such sale, then
Lender must be paid 20% of such proceeds as pre-payment of the outstanding
principal of the Loan.

         Lender has the right to declare all of the amounts due under the Loan
immediately due and payable for any of the following reasons:

     o    Borrower fails to make any payment of principal or interest on its due
          date, or pay any other amount due to Lender within ten days after such
          amount is due and payable

     o    Borrower fails or neglects to perform, keep, or observe any term,
          provision, condition, covenant, or agreement contained in the Loan
          Agreement, subject in some cases to a ten-day grace period

     o    Borrower or any person acting for Borrower makes any warranty,
          representation, or other statement that is incorrect in any material
          respect when made

     o    A default or event of default occurs under any agreement to which
          Borrower is a party or by which it is bound, including the SVB
          Agreement (which is defined below) (i) resulting in a right by the
          other party or parties, whether or not exercised, to accelerate the
          maturity of any indebtedness in excess of $50,000 or (ii) that could
          have a Material Adverse Effect (which is defined below)

     o    Any portion of Borrower's assets is attached, seized, or levied upon,
          or a judgment for more than $50,000 is awarded against Borrower and is
          not stayed within ten days

     o    Dissolution of the Borrower, or Borrower begins a bankruptcy or other
          insolvency proceeding

     o    A bankruptcy or other insolvency proceeding is begun against Borrower
          and not dismissed or stayed within sixty (60) days



     o    The occurrence of a "Material Adverse Effect", which means (i) a
          material adverse change in the business, prospects, operations,
          results of operations, assets, liabilities, or financial or other
          condition of Borrower, (ii) the material impairment of the prospect of
          repayment of any portion of the amounts due the Lender by Borrower, or
          (iii) a material adverse change in the value of the collateral
          securing the Loan

         The Borrower granted Lender a continuing security interest, and pledged
to Lender, all of its assets to secure payment and performance of its
obligations under the Loan Agreement. The Loan and the security interest are
subordinate to the loan provided to Borrower by Silicon Valley Bank ("Bank")
pursuant to the Loan and Security Agreement dated September 13, 2007 between
Borrower and the Bank ("SVB Agreement") and the security interest granted
thereunder. The SVB Agreement was disclosed in the Company's Current Report on
Form 8-K filed with the Securities and Exchange Commission on September 19,
2007.

         The SVB Agreement must remain in effect as long as Borrower owes any
amounts under the Loan Agreement. At any time the Borrower owes Lender more than
$1,000,000, the outstanding principal balance under the SVB Agreement must not
exceed the lesser of (i) $2,000,000 or (ii) the Borrowing Base, as defined in
the SVB Agreement as of the Effective Date. At any time the Borrower owes Lender
less than $1,000,000, the outstanding principal balance under the SVB Agreement
must not exceed the lesser of $3,000,000, or the Borrowing Base, as defined in
the SVB Agreement as of the Effective Date.

         The Loan will mature on November 30, 2008 ("Maturity").

         In connection with the Loan Agreement, the Company issued to Lender a
warrant to purchase up to 325,000 shares of the Company's common stock ("Montage
Warrant") at an initial exercise price of $0.60 per share. The Montage Warrant
includes registration rights that require the Company to file a registration
statement with the Securities and Exchange Commission (the "SEC") registering
the resale by Montage of the shares of common stock underlying the Montage
Warrant within 120 days after the issue date and to have such registration
statement declared effective within 165 days after the issue date. For any 30
day period during which the registration obligations are unfulfilled, the Lender
may acquire an additional 27,500 shares under the Montage Warrant. Upon the
occurrence of an event of default under the Loan Agreement, Lender may acquire
13,750 shares under the Montage Warrant on the date of such occurrence and an
additional 13,750 shares on the first day of each thirty (30) day period after
such event of default until all amounts under the Loan Agreement have been paid
in full. At any time that the Borrower takes out the Loan under the Loan
Agreement and at the Lender's option, the Lender may require the Company to buy
the Montage Warrant for $125,000 ("Equity Buy-out Price"). If any amount is
outstanding under the Loan Agreement after February 28, 2008, the Equity Buy-out
Price will increase to $175,000. The Montage Warrant expires on September 26,
2012. The Montage Warrant provides for weighted average anti-dilution price
adjustments if the Company issues common stock (or securities convertible into
common stock) for consideration less than the then-effective exercise price;
provided that if the Company sells or issues its equity securities within one
year after the issue date in an offering in which the Company receives gross
proceeds of at least $1,000,000 (an "Equity Event") then, at the option of the
Lender, the shares into which the Montage Warrant is convertible will be of the
type and series of stock issued in the Equity Event, the exercise price shall be
equal to the price per share paid in the Equity Event, and the Lender shall have
the rights given to the purchasers in the Equity Event.

         At the Lender's direction, a warrant with the same terms as the Montage
Warrant was issued to North Atlantic Resources Limited, who is a participant in
the Loan.



SHARES BUY-BACK AGREEMENT

         On September 27, 2007, the Company entered into a Shares Buy-Back
Agreement ("Buy-Back Agreement") with Syscan Imaging Limited ("Syscan Imaging"),
whereby the Company purchased 8,000,000 shares of its common stock held by its
majority shareholder, Syscan Imaging (the "Shares").

         In exchange for the Shares, the Company paid to Syscan Imaging
$2,000,000 in cash ("Cash Consideration") and agreed that if the Company sells
its HD display business to a certain party and receives stock of the buyer as
consideration, then it will transfer a portion of that stock to Syscan Imaging,.

         The Company paid the Cash Consideration using an advance from a
revolving line of credit from Silicon Valley Bank, which loan was disclosed in
the Company's Current Report on Form 8-K filed with the Securities and Exchange
Commission on September 19, 2007, and an advance from Montage Capital, LLC,
which loan is more fully described above. The Shares were repurchased on October
3, 2007.


ITEM 2.03         CREATION OF A DIRECT FINANCIAL OBLIGATION

         The information set forth above in Item 1.01, Entry into a Material
Definitive Agreement, under the caption "$1,500,000 MONTAGE CAPITAL LOAN" are
incorporated herein by reference.


ITEM 9.01         FINANCIAL STATEMENTS AND EXHIBITS

(d)      EXHIBITS

The following exhibits are filed in accordance with the provisions of Item 601
of Regulation S-B:

EXHIBIT NO.         EXHIBIT DESCRIPTION
- -----------------   ----------------------------------------

99.1                Press Release, dated October 3, 2007








                                   SIGNATURES

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.


Date: October 3, 2007                      SYSVIEW TECHNOLOGY, INC.

                                     By:   /s/ William Hawkins
                                           -------------------------------------
                                           William Hawkins
                                           Acting Chief Financial Officer, Chief
                                           Operating Officer, and Secretary

EX-99.1

                   [GRAPHIC OMITTED] SYSVIEW TECHNOLOGY, INC.

 SYSVIEW TECHNOLOGY, INC. REPURCHASES 8 MILLION SHARES OR 36% OF ITS OUTSTANDING
       COMMON STOCK AND ANNOUNCES CREDIT FACILITY WITH SILICON VALLEY BANK


SAN JOSE, CA, OCTOBER 3, 2007 -- Sysview Technology, Inc. (OTCBB: SYVT), a
leading provider of imaging solutions, today announced that it has repurchased
eight million shares of its common stock in a privately negotiated transaction
with its majority shareholder, effective September 27, 2007. In addition,
Sysview has replaced its $2.5-million revolving credit line at Cathay Bank with
a $3-million similar facility from Silicon Valley Bank.

"This transaction reduces our outstanding share count by 36% to 13.8 million
shares," commented David P. Clark, Chief Investment Officer of Sysview
Technology, Inc. "We believe that the repurchase, along with our recently
announced engagement of Oppenhiemer & Co. to explore strategic opportunities for
our businesses, are important milestones in the execution of our plan and
commitment to maximizing shareholder value."

Darwin Hu, President and CEO of Sysview Technology, Inc. added, "Our newly
announced relationship with Silicon Valley Bank has enhanced our financial
flexibility and enabled us to take advantage of this opportunity to repurchase a
significant number of our common shares. We are forging ahead with our plans to
unlock value for our shareholders."

In exchange for the 8,000,000 shares, the company paid $2,000,000 in cash, and
agreed that if the company sells its HD display business to a certain party and
receives stock of the buyer as consideration, then it will transfer a portion of
that stock to the majority stockholder. Of the $2,000,000 consideration,
$500,000 was paid through Sysview's newly established credit line with Silicon
Valley Bank, and the remainder was financed through a $1.5 million loan from
Montage Capital, LLC a private investment group.

ABOUT SYSVIEW TECHNOLOGY, INC.

Sysview Technology, Inc. (OTCBB: SYVT.OB), headquartered in San Jose, Calif.,
designs and manufactures imaging solutions for OEM customers worldwide. The
company currently manufactures over 14 proprietary imaging products and has
become one of the world's largest private-label manufacturers of USB-powered
mobile image scanning devices. The Company's growing intellectual property
portfolio in imaging includes 19 patents with an additional 5 patents pending.

Leveraging its experience in imaging technology and manufacturing, Sysview has
acquired and continues to develop new technologies targeting the HD display
market. Products that include its proprietary Nano-LCOS Imager and Next Wave
Optical Engine are expected to reach the worldwide market in 2008. These
solutions are expected to significantly enhance picture quality for a variety of
HD display applications both consumer and commercial while reducing costs.


FORWARD-LOOKING STATEMENTS

Statements contained in this press release, which are not historical facts, are
forward-looking statements as that term is defined in the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are based
largely on current expectations and are subject to a number of known and unknown
risks, uncertainties and other factors beyond the Company's control that could
cause actual events and results to differ materially from these statements.
These risks include, without limitation, that there can be no assurance that any
strategic opportunities will be available to the Company and that any strategic


opportunities may only be available on terms not acceptable to the Company and
that we may not be successful in marketing our HD display solutions or that
those solutions may not provide some or all of the benefits that we expect.
These statements are not guarantees of future performance, and readers are
cautioned not to place undue reliance on these forward-looking statements, which
speak only as of the date of this release. Sysview undertakes no obligation to
update publicly any forward-looking statements.


COMPANY CONTACT

Sysview Technology, Inc.                                Hayden Communications
David P. Clark                                          Peter Seltzberg
Chief Investment Officer and Director                   Investor Relations
(561) 835-4069                                          (646) 415-8972
dclark@sysviewtech.com                                  peter@haydenir.com
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