UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
Commission File Number 000-31779
NOTIFICATION OF LATE FILING
(Check one)
Form 10-K [X] Form 20-F [ ] Form 11-K [ ] Form 10-Q [ ] Form N-SAR [ ]
For Period Ended June 30, 2002
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__ Transition Report on Form 10-K and Form 10-KSB
__ Transition Report on Form 20-F
__ Transition Report on Form 11-K
__ Transition Report on Form 10-Q and Form 10-QSB
__ Transition Report on Form N-SAR
For the Transition Period Ended:_____________________
Read Instructions (on back page) Before Preparing Form.
Please Print or Type.
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:
PART I--REGISTRANT INFORMATION
Full Name of Registrant: Security Intelligence Technologies, Inc.
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Former Name of Registrant: Hipstyle.com, Inc.
Address of Principal Executive Office (Street and Number):
145 Huguenot Street, New Rochelle, NY 10801
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-25b, the following should
be completed. (Check box if appropriate):
[X] (a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
[X] (b) The subject annual report, semi-annual report, transition report on
Form 10-KSB, 20-F, 11-K or Form N-SAR or portion thereof will be
filed on or before the 15th calendar day following the prescribed
due date, or the subject quarterly report or transition report on
Form 10-Q, or 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.
PART III--NARRATIVE
State below in reasonable detail the reasons why the Forms 10-K, 10-KSB, 20-F,
11-K, 10-Q,10-QSB, N-SAR, or the transition report or portion thereof, could not
be filed within the prescribed time period.
The Company has not been able to compile the requisite financial data
and other narrative information necessary to enable it to have sufficient time
to complete the Company's Annual Report on Form 10-KSB without unreasonable
effort and expense.
PART IV--OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Ben Jamil 914 654-8700
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(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) of the
Securities 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 is no,
identify report(s). [X] Yes [ ] No
(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 statements 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.
The Registrant's Form 10-KSB for the year ended June 30, 2001 reflected the
operations of Hipstyle.com, Inc. On April 17, 2002, pursuant to an
agreement and plan of merger, the Registrant (then known as Hipstyle.com,
Inc.), CCS International, Ltd., a Delaware corporation ("CCS"), and CCS
Acquisition Corp., a Delaware corporation ("Acquisition Corp"), Acquisition
Corp. was merged into CCS, with the result that CCS became a wholly-owned
subsidiary of the Company, and the former stockholders of CCS became the
controlling stockholders of the Registrant, whose name was changed to
Security Intelligence Technologies, Inc. The transaction is being accounted
for as a reverse merger. As a result, the financial statements for the
fiscal year ended June 30, 2001 which will be included in the Form 10-KSB
for the fiscal year ended June 30, 2002, will reflect the operations of
CCS. The audited financial statements for CCS for the fiscal year ended
June 30, 2001 and the unaudited interim financial statements for the
Registrant, reflecting the reverse merger accounting, were included in the
Registrant's Form 8-K/A, Amendment No. 1, which has an event date of
February 28., 2002 and which was filed with the Commission on July 1, 2002.
SECURITY INTELLIGENCE TECHNOLOGIES, INC.
(Name of Registrant as Specified In Charter)
has caused this notification to be signed on its behalf by the undersigned
hereto duly authorized
Dated: September 27, 2002
By: /s/ Ben Jamil
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Title: President and Chief Executive Officer