-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 WB1JrYYvRgZbzLw2N/wHNi82P5/+oaVZ0pO7OoaKIFwf0tUz6Ie38PxSdbDQBzqV
 JT9fIP3nRmFM5wDjH/BEdQ==

<SEC-DOCUMENT>0001116502-03-001967.txt : 20031028
<SEC-HEADER>0001116502-03-001967.hdr.sgml : 20031028
<ACCEPTANCE-DATETIME>20031028135608
ACCESSION NUMBER:		0001116502-03-001967
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20020630
FILED AS OF DATE:		20031028

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ULTRASTRIP SYSTEMS INC
		CENTRAL INDEX KEY:			0001071760
		STANDARD INDUSTRIAL CLASSIFICATION:	CONSTRUCTION, MINING & MATERIALS HANDLING MACHINERY & EQUIP [3530]
		IRS NUMBER:				650841549
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		3515 S E LIONEL TERRACE
		CITY:			STUART
		STATE:			FL
		ZIP:			34996
		BUSINESS PHONE:		5612874846

	MAIL ADDRESS:	
		STREET 1:		3515 S E LIONEL TERRACE
		CITY:			STUART
		STATE:			FL
		ZIP:			34996

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			STERNER GEORGE R
		CENTRAL INDEX KEY:			0001267022

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-25663
		FILM NUMBER:		03960505

	BUSINESS ADDRESS:	
		STREET 1:		3515 SE LIONEL TERRACE
		CITY:			STUART
		STATE:			FL
		ZIP:			34997
		BUSINESS PHONE:		5612874846

	MAIL ADDRESS:	
		STREET 1:		3515 SE LIONEL TERRACE
		CITY:			STUART
		STATE:			FL
		ZIP:			34997
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>sterner_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<!-- - EDGAR Ease Plus 1.0                                   07/25/03  TT    -->
<ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType>
   <periodOfReport>2002-06-30</periodOfReport>
   <notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0001071760</issuerCik>
        <issuerName>ULTRASTRIP SYSTEMS INC</issuerName>
        <issuerTradingSymbol>None</issuerTradingSymbol>
   </issuer>
   <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001267022</rptOwnerCik>
            <rptOwnerName>STERNER GEORGE R</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>3515 SE LIONEL TERRACE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>STUART</rptOwnerCity>
            <rptOwnerState>FL</rptOwnerState>
            <rptOwnerZipCode>34997</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
         <isDirector>1</isDirector>
         <isOfficer>0</isOfficer>
         <isTenPercentOwner>0</isTenPercentOwner>
         <isOther>0</isOther>
      </reportingOwnerRelationship>
   </reportingOwner>
 <derivativeTable>
   <derivativeTransaction>
      <securityTitle>
         <value>Employee Stock Options</value>
      </securityTitle>
      <conversionOrExercisePrice>
         <value>1.30</value>
      </conversionOrExercisePrice>
      <transactionDate>
         <value>2002-06-30</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>A</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>200000</value>
         </transactionShares>
         <transactionPricePerShare>
           <value>0</value>
         </transactionPricePerShare>
         <transactionAcquiredDisposedCode>
           <value>A</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <exerciseDate>
         <value>2002-06-30</value>
      </exerciseDate>
      <expirationDate>
         <value>2012-06-30</value>
      </expirationDate>
      <underlyingSecurity>
         <underlyingSecurityTitle>
           <value>Common Stock</value>
         </underlyingSecurityTitle>
         <underlyingSecurityShares>
           <value>200000</value>
         </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>200000</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
           <value>D</value>
         </directOrIndirectOwnership>
      </ownershipNature>
   </derivativeTransaction>
 </derivativeTable>
   <ownerSignature>
      <signatureName>/s/ George R. Sterner</signatureName>
      <signatureDate>2003-10-27</signatureDate>
   </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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