U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12B-25
COMMISSION FILE NUMBER: 000-50298
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Notification of Late Filing
(Check One):
[ ] Form 10-KSB [ ] Form 20-F [ ] Form 11-K [X] Form 10-QSB
[ ] Form N-SAR [ ] Form N-CSR
For the fiscal quarter ended: MAY 31, 2005
[ ] Transition Report on Form 10-KSB
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-QSB
[ ] Transition Report on Form N-SAR
[ ] Transition Report on Form N-CSR
For the Transition Period Ended:
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
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INTEGRATED SECURITIES TECHNOLOGIES INC.
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Full Name of Registrant
IGUANA VENTURES LTD.
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Former Name if Applicable
PO BOX 2536 349 WEST GEORGIA ST.
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Address of Principal Executive Office (Street and Number)
VANCOUVER, BRITISH COLUMBIA, CANADAV6B 3W8
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City, State and Zip Code
PART II - RULES 12B-25(B) AND (C)
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If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-(b), 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, Form 20-F, 11-K, Form N-SAR or Form N-CSR, or
portion thereof will be filed on or before the fifteenth calendar day
following the prescribed due date; or the subject quarterly report or
transition report on Form 10-QSB, 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
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State below in reasonable detail the reasons why Form 10-KSB, 20-F, 11-K,
10-QSB, N-SAR, Form N-CSR or the transition report or portion thereof could not
be filed within the prescribed period.
Management was unable to obtain the business information necessary to complete
the preparation of the Company's financial statements for the fiscal quarter
ended May 31, 2005 and the review of these financial statements by the Company's
auditors in time for filing. Such information is required in order to prepare a
complete filing. As a result of this delay, the Company is unable to file its
quarterly report on Form 10-QSB within the prescribed time period without
unreasonable effort or expense. The Company expects to file within the extension
period.
PART IV - OTHER INFORMATION
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(1) Name and telephone number of person to contract in regard to this
notification.
STEPHEN F.X. O'NEILL 360 332-3300
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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 report(s) been filed? If the 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?
[ ] Yes [X] 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.
INTEGRATED SECURITIES TECHNOLOGIES INC.
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(Name of Registrant as specified in charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: July 18, 2005 By: /s/ Randy White
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RANDY WHITE
President and Chief Executive Officer