U.S. 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): Janaury 5, 2001
COMMISSION FILE NUMBER:
Innovative Software Technologies, Inc.
(Exact name of registrant as specified in its charter)
California 95-4691878
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(State or jurisdiction of incorporation (I.R.S. Employer
or organization I.D. No.)
Room 1502, Sunning Court, Hoi Ping Road
Causeway Bay, Hong Kong
(Address of principal executive offices) (Zip Code)
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Registrant's telephone number: 852-2808-4329
827 State Street, Santa Barbara, CA 93101
(Former name or former address, if changed since last report)
[CAPTION]
Item 1. Changes in Control of Registrant
On or about January 5, 2001, Jeffrey Volpe and Agata Gotova assigned all
of their shares in the company to Cassandra Dean-Rankin and Alan George Dean,
for the aggregate sum of $25,000.
On or about January 5, 2001, Jeffrey Volpe and Agata Gotova resigned as
officers and directors of the company and were replaced by Cassandra Dean-
Rankin and Alan George Dean.
Item 2. Acquisition or Disposition of Assets
Not applicable.
Item 3. Bankruptcy or Receivership
Not Applicable
Item 4. Changes in Registrant's Certifying Accountant
Not Applicable
Item 5. Other Events
As a result of the share sale, the company added a director to its board
of directors and effected a change in management, as follows:
DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS;
COMPLIANCE WITH SECTION 16(a) OF THE EXCHANGE ACT
Name Age Position
Cassandra Dean-Rankin 37 President, Director
Alan Dean 73 Secretary, Treasurer,
Director
Cassandra Dean-Rankin. Ms. Dean-Rankin is the current President and Direcotr
of the company since January 6, 2001. She is the current owner of Orient Rich
Enterprise, and import-export company specializing in beauty and health
products throughout Asia and Australia. Since 1990, she has worked as regional
sales and marketing director for Phillip Wain International. From 1989 through
February, 1990, she was employed for Lis Claiborne.
Alan Dean. Mr. Dean is the current Secretary, Treasurer and Director of the
company since January 6, 2001. He is a retired Royal Australian Naval Officer.
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT:
The following table sets forth certain information regarding the beneficial
ownership of the shares of Common Stock of Russian Imports as of the date of
this disclosure(1), by (I) each person who is known by Russian Imports to be
the beneficial owner of more than five percent (5%) of the issued and
outstanding shares of common stock, (ii) each of Nortech's directors and
executive officers, and (iii) all directors and executive officers as a group.
Name and Address Number of Shares Percentage Owned
________________ ________________ ________________
Cassandra Dean-Rankin 438,000 10.16%
Room 1502, Sunning Court
Hoi Ping Road
Causeway Bay, Hong Kong
Alan George Dean 438,000 10.16%
14 Curlew Street, Woorim
Birbie Island, QLD 4507
Officers and Directors as a
Group 876,000 20.32%
Based on outstanding shares of 4,309,320
Item 6. Resignations of Registrant's Directors
Effective January 5, 2001, Jeffrey Volpe and Agata Gotova resigned
as officers and directors of the company.
Item 7. Financial Statements and Exhibits
(a) Financial Statements of Business Acquired.
Not applicable.
(b) Pro forma Financial Information.
Not applicable.
Exhibits.
There is attached hereto the following exhibits:
Exhibit 1. Resignation of Jeffrey Volpe
Exhibit 2. Resignation of Agata Gotova
SIGNATURES
Pursuant to the requirements of the Securities Act of 1934, the
Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
Dated: January 20, 2001
INNOVATIVE SOFTWARE TECHNOLOGIES, INC.
/Cassandra Dean-Rankin/
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By: Cassandra Dean-Rankin
President
[CAPTION]
EXHIBIT 1.
I hereby resign as an officer and director of Innovative Software
Technologies, Inc. as of January 5, 2001.
/Jeffrey Volpe/
[CAPTION]
Exhibit 2.
I hereby resign as an officer and director of Innovative Software
Technologies, Inc. as of January 5, 2001.
/Agata Gotova/