8-K

                        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

                              September 20, 2010
                                (Date of Report)


                            ALANCO TECHNOLOGIES, INC.
             (Exact name of Registrant as specified in its charter)

                                    0-9437
                            (Commission File No.)

               Arizona                                  86-0220694
      (State or other jurisdiction)         ( IRS Employer Identification No.)

               15575 N 83RD WAY, SUITE 3, SCOTTSDALE, ARIZONA 85260
              (Address of Principal Executive Office)      (Zip Code)

                                  (480)607-1010
              (Registrant's telephone number, including area code)

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 communication pursuant to Rule 425 under the Securities Act
     (17 CFR 230.425)

( ) Soliciting material pursuant to Rule 14a-12 under the Exchange Act
    (17 CRF 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 240.134-4(c))

Item 8.01 Other Events

On September 14, 2010 Alanco Technologies,Inc. ("the Company") was notified by
Nasdaq that the Listing Qualifications Panel has determined that the Company has
regained compliance with the continued listing requirements, and will remain
listed on the Nasdaq Capital Market.

On September 15, 2010, the Company issued a press release announcing the
compliance notification, a copy of which is attached hereto as Exhibit 99.1.

Item 9.01  Financial Statements and Exhibits

    Exhibits:

    99.1  Press release dated September 15, 2010

                                    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.

Date: September 20, 2010                ALANCO TECHNOLOGIES, INC.
                                        By: /s/ John A. Carlson
                                            -------------------
                                        Chief Financial Officer

EX-99

Exhibit 99.1


FOR IMMEDIATE RELEASE

CONTACTS:   Corporate Contact:            Investor Relations Contact:
            John Carlson, Exec VP & CFO   John Nesbett / Jennifer Belodeau
            480-505-4869                  Institutional Marketing Services (IMS)
                                          203-972-9200

                    Alanco Regains NASDAQ Listing Compliance


(Scottsdale,  AZ  September  15, 2010) Alanco Technologies, Inc. (NASDAQ: ALAN),
today  announced  that it has received notification from NASDAQ that the Company
has  regained  compliance with the minimum $1.00 per share bid price requirement
for  continued  listing,  and  further, that the Company complies with all other
applicable standards for continued listing of its securities on The NASDAQ Stock
Market.

On  August  27,  2010,  the  Company effected a 1 for 8 reverse stock split. The
reverse  split automatically converted eight shares of Alancos common stock into
one  new  share  of  common  stock.  The reverse split will reduce the number of
shares  of  outstanding  common  stock  from  approximately  41.7  million  to
approximately  5.2  million.  The  reverse  stock  split  will  also  have  a
proportionate  effect  on any outstanding preferred stock, options and warrants.
The  number  of  authorized  shares  will remain unchanged at 75,000,000 shares.

As  previously  disclosed,  following  a  hearing  before  a  NASDAQ  Listing
Qualifications  Panel (the Panel), the Panel determined to continue the Companys
listing  subject  to  the  condition  that, on or before September 13, 2010, the
Company  must  have evidenced a closing bid price of $1.00 per share or more for
at  least  ten  consecutive  trading days. Following the August 27, 2010 reverse
stock  split, on September 10, 2010, the Companys closing bid price exceeded the
$1.00  per  share  threshold  for  the requisite ten days period, satisfying the
Panels  condition.

Alancos shares will continue to trade on NASDAQ under the symbol ALAND until the
close  of  trading  on  September 24, 2010, at which point the fifth character D
will  drop  off  and  the  symbol will revert to ALAN. In accordance with NASDAQ
requirements,  the  fifth  character  D  was  added to Alancos trading symbol to
indicate  that  a  reverse  stock  split  has  occurred.

Alanco  Technologies,  Inc.  provides  wireless  monitoring and asset management
solutions  through  its  StarTrak  Systems  subsidiary.  StarTrak Systems is the
dominant  provider  of  tracking,  monitoring  and  control  services  to  the
refrigerated  or  Reefer  segment  of  the  transportation marketplace, enabling
customers  to  increase  efficiency  and reduce costs of the refrigerated supply
chain.  For  more  information,  visit  the  Alanco website at www.alanco.com or
StarTrak  Systems  at  www.startrak.com.

EXCEPT  FOR  HISTORICAL  INFORMATION,  THE  STATEMENTS  CONTAINED  IN THIS PRESS
RELEASE  ARE  FORWARD-LOOKING  STATEMENTS  MADE  PURSUANT  TO  THE  SAFE  HARBOR
PROVISIONS  OF  THE  PRIVATE  SECURITIES LITIGATION REFORM ACT OF 1995. ALL SUCH
FORWARD-LOOKING  STATEMENTS  ARE  SUBJECT  TO,  AND  ARE QUALIFIED BY, RISKS AND
UNCERTAINTIES  THAT  COULD  CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE
EXPRESSED OR IMPLIED BY THOSE STATEMENTS. THESE RISKS AND UNCERTAINTIES INCLUDE,
BUT  ARE  NOT  LIMITED  TO, REDUCED DEMAND FOR INFORMATION TECHNOLOGY EQUIPMENT;
COMPETITIVE  PRICING  AND  DIFFICULTY MANAGING PRODUCT COSTS; DEVELOPMENT OF NEW
TECHNOLOGIES  THAT  MAKE THE COMPANYS PRODUCTS OBSOLETE; RAPID INDUSTRY CHANGES;
FAILURE  OF AN ACQUIRED BUSINESS TO FURTHER THE COMPANYS STRATEGIES; THE ABILITY
TO  MAINTAIN  SATISFACTORY  RELATIONSHIPS  WITH LENDERS AND REMAIN IN COMPLIANCE
WITH  FINANCIAL  LOAN  COVENANTS  AND  OTHER  REQUIREMENTS UNDER CURRENT BANKING
AGREEMENTS;  AND  THE  ABILITY  TO  SECURE  AND  MAINTAIN  KEY  CONTRACTS  AND
RELATIONSHIPS.

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