Innovative Communications 10-12G Registration of securities

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10

GENERAL FORM FOR REGISTRATION OF SECURITIES

Pursuant to Section 12(b) or (g) of The Securities Exchange Act of 1934

INNOVATIVE COMMUNICATIONS TECHNOLOGIES, INC.

(Exact name of registrant as specified in its charter)

Delaware	45-0603980
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

520 Broad Street, Newark, New Jersey 07102

(Address of principal executive offices, zip code)

(973) 438-1000

 (Registrant’s telephone number, including area code)

With copies to:

Innovative Communications Technologies, Inc. 520 Broad Street Newark, New Jersey 07102 Attention: Ira Greenstein Dov T. Schwell, Esq. c/o Schwell Wimpfheimer & Associates LLP 1430 Broadway, Suite 1615 New York, NY 10018 (646) 328-0795

Securities to be registered pursuant to Section 12(b) of the Act:

Title of each class to be registered	Name of each exchange on which registered
N/A	N/A

Securities registered pursuant to section 12(g) of the Act:

Class B common stock, par value $0.01 per share

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a small reporting company. See definitions of “large accelerated filer,” “accelerated filer” and “small reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer  o Non-accelerated filer    o Accelerated filer                           o Smaller reporting company        x

INFORMATION INCLUDED IN INFORMATION STATEMENT

AND INCORPORATED BY REFERENCE IN FORM 10

CROSS-REFERENCE SHEET BETWEEN INFORMATION STATEMENT AND ITEMS OF FORM 10

This registration statement on Form 10 (the “Form 10”) incorporates by reference information contained in the information statement filed as exhibit 99.1 hereto (the “information statement”). The cross-reference table below identifies where the items required by Form 10 can be found in the information statement.

Item No.	Item Caption	Location in Information Statement
1.	Business	“Executive Summary” and “Business”
1A.	Risk Factors	“Risk Factors”
2.	Financial Information	“Unaudited Pro Forma Financial Data;” “Management’s Discussion and Analysis of Financial Condition and Results of Operations”
3.	Properties	“Executive Summary” and “Business”
4.	Security Ownership of Certain Beneficial Owners and Management	“Security Ownership by Certain Beneficial Owners and Management”
5.	Directors and Executive Officers	“Management”
6.	Executive Compensation	“Executive Compensation”
7.	Certain Relationships and Related Transactions, and Director Independence	“Our Relationship with IDT After the Spin-Off and Related Person Transactions”
8.	Legal Proceedings	“Legal Proceedings”
9.	Market Price of and Dividends on the Registrant’s Common Equity and Related Stockholder Matters	“Executive Summary;” “Risk Factors;” “The Spin-Off;” “Dividend Policy;” and “Description of Our Capital Stock”
10.	Recent Sale of Unregistered Securities	None
11.	Description of Registrant’s Securities to be Registered	“Description of Our Capital Stock”
12.	Indemnification of Directors and Officers	“Description of Our Capital Stock;” and “Our Relationship with IDT After the Spin-Off and Related Person Transactions”
13.	Financial Statements and Supplementary Data including the Consolidated Financial Statements	“Unaudited Pro Forma Financial Data;” “Management’s Discussion and Analysis of Financial Condition and Results of Operations;” and “Index to Financial Statements”
14.	Changes in and Disagreements with Accountants on Accounting and Financial Disclosure	None
15.	Financial Statements and Exhibits	“Unaudited Pro Forma Financial Data”; “Management’s Discussion and Analysis of Financial Condition and Results of Operations”; Index to Financial Statements” and the financial statements referenced therein

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(a)  List of Financial Statements
 

The following historical and pro forma financial statements of Innovative Communications Technologies, Inc. are included in the information statement and filed as part of this registration statement on Form 10:

(1) Audited Financial Statements, including Report of Independent Registered Public Accounting Firm, as of July 31, 2010 and 2009 and for the years ended July 31, 2010 and 2009;

(2) Condensed Balance Sheets as of  January 31, 2011(unaudited) and July 31, 2010 and Condensed unaudited Statements of Operations and Cash Flows for the six months ended January 31, 2011 and 2010;

(3) Condensed (unaudited) Pro Forma Balance Sheet as of January 31, 2011 and Condensed (unaudited) Pro Forma Statements of Operations for the six months ended January 31, 2011 and 2010.

(b)  Exhibits

The following exhibits are filed herewith unless otherwise indicated:

Exhibit Number	Exhibit Description
2.1	Form of Separation and Distribution Agreement between IDT Corporation and Innovative Communications Technologies, Inc.**
3.1	Certificate of Incorporation of Innovative Communications Technologies, Inc.
3.2	By-Laws of Innovative Communications Technologies, Inc.
4.1	Specimen common stock certificate of Innovative Communications Technologies, Inc.**
*10.1	Form of 2011 Stock Option and Incentive Plan**
23.1	Consent of Zwick and Banyai, PLLC
99.1	Preliminary Information Statement of Innovative Communications Technologies, Inc., subject to completion, dated March 15, 2011

__________________________

* Management contract or compensatory plan or arrangement

** To be filed by amendment

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SIGNATURE

Pursuant to the requirements of Section 12 of the Securities Exchange Act of 1934, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized.

INNOVATIVE COMMUNICATIONS TECHNOLOGIES, INC.
By:	/s/  Ira Greenstein
	Name: Ira Greenstein
	Title: President

Dated: March 15, 2011

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INDEX TO EXHIBITS
Exhibit Number	Exhibit Description
2.1	Form of Separation and Distribution Agreement between IDT Corporation and Innovative Communications Technologies, Inc.**
3.1	Certificate of Incorporation of Innovative Communications Technologies, Inc.
3.2	By-Laws of Innovative Communications Technologies, Inc.
4.1	Specimen common stock certificate of Innovative Communications Technologies, Inc.**
*10.1	Form of 2011 Stock Option and Incentive Plan**
23.1	Consent of Zwick and Banyai, PLLC
99.1	Preliminary Information Statement of Innovative Communications Technologies, Inc., subject to completion, dated March 15, 2011

__________________________

* Management contract or compensatory plan or arrangement

** To be filed by amendment

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