Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  CRESTVIEW CAPITAL MASTER LLC
 2. Date of Event Requiring Statement (Month/Day/Year)
01/31/2005		 3. Issuer Name and Ticker or Trading Symbol
WARP TECHNOLOGY HOLDINGS INC [WARP]
(Last)
(First)
(Middle)
95 REVERE DRIVE, SUITE A		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

NORTHBROOK, IL 60062		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Subordinated Secured Promissory Note   (1) 01/31/2007 Common Stock, par value $.00001 2,000,000 $ 1 D  
Series C Convertible Notes   (2) 03/17/2005 Series C Convertible Preferred Stock (4) 2,000,000 (5) $ 1 D  
Common Stock Purchase Warrant   (1)(3) 01/31/2010 Common Stock, par value $.0001 2,000,000 $ 1.25 D  
Common Stock Purchase Warrant   (1)(3) 01/31/2010 Common Stock, par value $.0001 779,562 $ 1.25 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
CRESTVIEW CAPITAL MASTER LLC
95 REVERE DRIVE
SUITE A
NORTHBROOK, IL 60062		     X    

Signatures

CRESTVIEW CAPITAL MASTER, LLC /s/ Robert Hoyt, Manager 03/21/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Immediate
(2) The Series C Convertible Notes are not exercisable until the Issuer files a Certificate of Designation and receives certain approvals which are not within the Reporting Persons' control.
(3) Not currently exercisable as a result of the 9.99% beneficial ownership limitation on exercise that is described above.
(4) And Common Stock Purchase Warrants.
(5) The Series C Convertible Notes are convertible into 2,000,000 shares of Series C Convertible Preferred Stock and 2,000,000 Common Stock Purchase Warrants.
 
Remarks:
On January 31, 2005, the Reporting Person purchased from the Issuer (1) a $2,000,000 Subordinated Secured Promissory Note
 that is currently convertible into 2,000,000 shares of Common Stock of the Issuer; (2) Series C Convertible Notes that will
 be convertible at a later date (upon the Issuer's filing of a Certificate of Designation and the receipt of certain
 approvals) into 2,000,000 shares of Series C Convertible Preferred Stock and 2,000,000 Common Stock Purchase Warrants; and
 (3) an aggregate of 2,779,562 Common Stock Purchase Warrants that are not currently exercisable into Common Stock because
 such Warrants contains a beneficial ownership limitation on exercise to the extent that such exercise would result in,
 together with other securities of the Issuer held by the Reporting Person and its Affiliates, the Reporting Person owning in
 excess of 9.99% of the issued and outstanding Common Stock of the Issuer.  As a result of these acquisitions, the Reporting
 Person beneficially owns 2,000,000 shares of Common Stock or 39.1% of the 5,110,655 issued and outstanding shares of Common
 Stock of the Issuer, based on the sum of (i) 3,110,655 issued and outstanding shares of Common Stock, as reported by the
 Issuer in its Schedule 14C filed on March 11, 2005, and (ii) 2,000,000 shares of Common Stock underlying the
 currently-convertible Subordinated Secured Promissory Note held by the Reporting Person.

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