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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
Notification of Late Filing
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|_| Form 10-KSB |_| Form 11-K |_| Form 20-F |X| Form 10-QSB |_| Form N-SAR
For The Fiscal Quarter Ended: March 31, 2006
Nothing in this Form shall be construed to imply that the Commission has
verified any information contained herein.
If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates: N/A
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PART I - REGISTRANT INFORMATION
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INNOVATIVE SOFTWARE TECHNOLOGIES, INC.
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(Exact Name of Registrant as Specified in Charter)
1413 South Howard Avenue, Suite 220, Tampa, FL 33606
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(Address of Principal Executive Office)
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PART II - RULES 12B-25 (B) AND (C)
If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate)
( (a) The reasons described in reasonable detail in Part III of this
( form could not be eliminated without unreasonable effort or
( expense;
(
( (b) The subject annual report or semi-annual report/portion
|X| ( thereof will be filed on or before the fifteenth calendar day
( following the prescribed due date; or the subject quarterly
( report/portion thereof will be filed on or before the fifth
( calendar day following the prescribed due date; and
(
( (c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.
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PART III - NARRATIVE
State below in reasonable detail the reasons why the Form 10-KSB, 11-K, 20-F,
10-QSB or N-SAR or portion thereof could not be filed within the prescribed
time:
The Registrant is unable to timely file its report on Form 10-QSB
for the fiscal quarter ended March 31, 2006 (the "Form 10-QSB")
without unreasonable effort or expense. Registrant has downsized its
staff substantially and additional time has been necessitated to
complete its report.
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PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Peter M. Peterson (813) 387 - 3310
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(2) Have all other periodic reports required (under Section 13 or 15(d) of the
Securities and Exchange Act of 1934 or Section 30 of the Investment
Company Act of 1940) during the preceding 12 months (or for such shorter
period that the registrant was required to file such reports) been filed?
If answer no, identify report(s).
|X| YES |_| NO
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(3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be reflected
by the earnings statement to be included in the subject report or portion
thereof?
|X| YES |_| NO
If so, attach an explanation of the anticipated change, both narratively
and quantitatively, and; if appropriate, state the reasons why a
reasonable estimate of the results cannot be made.
Revenue for the first quarter of 2005 was $277,019 resulting in a net loss for
that period of ($745,705). Revenue for the current reporting period is zero and
management expects to report a net loss of approximately ($210,000) for the
period.
Innovative Software Technologies, Inc. has caused this notification to be
signed on its behalf by the undersigned thereunto duly authorized.
Dated: May 15, 2006 Innovative Software Technologies, Inc.
By: /s/ Peter M. Peterson
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Peter M. Peterson
Chief Executive Officer
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ATTENTION
Intentional misstatements or omissions of act constitute
Federal Criminal Violations (See 18 U.S.C. 1001).
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