United States Securities and Exchange Commission
                             Washington, D.C. 20549
                                   Form 10-QSB

                                   (Mark One)
              [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                FOR THE QUARTERLY PERIOD ENDED DECEMBER 31, 2003

                                       OR
             [ ] TRANSITION REPORT UNDER SECTION 13 OR 15 (d) OF THE
                              EXCHANGE ACT OF 1934
                        For the transition period from to

                        Commission file number 000-31779

                    SECURITY INTELLIGENCE TECHNOLOGIES, INC.
        (Exact name of small business issuer as specified in its charter)


                    Florida                        65-0928369
          ______________________________          ____________
         (State or other jurisdiction of         (IRS Employer
          incorporation or organization)       Identification No.)


                145 Huguenot Street, New Rochelle, New York 10801
                    (Address of principal executive offices)

                                 (914) 654-8700
                           (Issuer's telephone number)


Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days. Yes X No


The number of shares of common stock $.0001 par value, of the Registrant issued
and outstanding as of February 17, 2004 was 19,540,389.


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                                       SECURITY INTELLIGENCE TECHNOLOGIES, INC. AND SUBSIDIARIES
                                                              FORM 10QSB

                                                    PERIOD ENDED December 31, 2003

                                                           TABLE OF CONTENTS

PART I -          FINANCIAL INFORMATION
<S>               <C>                                                                                                     <C>
Item 1.           Condensed Financial Statements:

                  Consolidated Balance Sheets                                                                              3

                  Statements of Operations for the three and six months ended December 31, 2003
                     and December 31, 2002                                                                                 4

                  Statements of Cash Flow for three and six months ended December 31, 2003
                    and December 31, 2002                                                                                  5

                  Condensed Notes to Financial Statements                                                                  6

Item 2.           Management's Discussion and Analysis of Financial Condition
                     and Results of Operations                                                                            13
Item 3.           Quantitative and Qualitative Disclosures About Market Risk                                              16

Item 4.           Controls and Procedures                                                                                 16


PART II -         OTHER INFORMATION

Item 1.           Legal Proceedings.                                                                                      16

Item 6.           Exhibits and Reports on Form 8-K                                                                        17
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                    SECURITY INTELLIGENCE TECHNOLOGIES, INC.
                           CONSOLIDATED BALANCE SHEETS

                                                                                 December 31,
                                                                                   2003             June 30,
                                                                                (Unaudited)           2003
                                                                              ----------------   ---------------
<S>                                                                                 <C>                  <C>
ASSETS
Current Assets:
      Cash                                                                            $ 5,217          $ 21,638
     Inventory                                                                      1,274,083         1,448,314
     Other current assets                                                             166,052            52,442
                                                                              ----------------   ---------------
        Total current assets                                                        1,445,352         1,522,394

Property and Equipment, at cost less accumulated depreciation
   and amortization of $178,757 and $431,541                                           28,217           122,390

Other assets                                                                           57,444            54,946
                                                                              ----------------   ---------------

 Total assets                                                                     $ 1,531,013       $ 1,699,730
                                                                              ================   ===============


LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities:
     Accounts payable and accrued expenses                                        $ 3,766,998       $ 3,563,776
     Note payable - CEO/stockholder                                                 1,522,444         1,451,620
     Note payable - Officer                                                            21,000                 -
     Customer deposits                                                              1,223,184         1,277,695
     Deferred revenue                                                               1,234,094         1,035,074
                                                                              ----------------   ---------------
         Total current liabilities                                                  7,767,720         7,328,165
                                                                              ----------------   ---------------

Commitments and contingencies - See Notes

Stockholders' deficit:
     Preferred stock, $.0001 par value, 10,000,000 shares authorized:
         Series A Convertible-$1.00 per share liquidation preference,
            3,500,000 shares authorized, issued and outstanding                           350               350
         Series B Convertible-$1.00 per share liquidation preference,
            1,500,000 shares authorized, issued and outstanding                           150               150
     Common stock, $.0001 par value, 100,000,000 shares authorized,
         19,460,389 and 17,471,389 issued and outstanding at December 31,               1,946             1,741
            2003, and June 30, 2003 respectively
     Additional paid in capital                                                     1,175,595           507,123
     Accumulated deficit                                                           (7,401,681)       (6,137,799)
     Other comprehensive loss                                                         (13,067)                -
                                                                              ----------------   ---------------
       Total stockholders' deficit                                                 (6,236,707)       (5,628,435)
                                                                              ----------------   ---------------

Total liabilities and stockholders' deficit                                       $ 1,531,013       $ 1,699,730
                                                                              ================   ===============

         The accompanying notes are an integral part of these financial statements.
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            SECURITY INTELLIGENCE TECHNOLOGIES, INC. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (Unaudited)


                                                               Three Months Ended                 Six Months Ended
                                                                 December 31,                        December 31,
                                                       ----------------------------------  -----------------------------------
                                                            2003              2002              2003                2002
                                                       ---------------   ----------------  ----------------    ---------------
<S>                                                         <C>              <C>               <C>              <C>
Sales                                                       $ 764,676        $ 1,065,637       $ 1,701,362        $ 2,082,848
                                                       ---------------   ----------------  ----------------    ---------------

Costs and expenses:
     Cost of sales                                            260,354            421,554           627,724            822,744
     Compensation and benefits                                552,413            639,596         1,175,023          1,208,877
     Professional fees and legal matters                      152,683            114,637           269,355            196,831
     Selling, general and administrative expenses             397,485            567,384           886,384          1,097,955
     Unrealized (gain) loss on financial guarantees           123,081              7,970          (130,359)           123,360
     Depreciation and amortization                             80,822             17,760            94,173             36,812
                                                       ---------------   ----------------  ----------------    ---------------
                                                            1,566,838          1,768,901         2,922,300          3,486,579
                                                       ---------------   ----------------  ----------------    ---------------

Operating loss                                               (802,162)          (703,264)       (1,220,938)        (1,403,731)

Interest expense                                               23,263             27,133            42,944             43,447
                                                       ---------------   ----------------  ----------------    ---------------

Net loss                                                   $ (825,425)        $ (730,397)     $ (1,263,882)      $ (1,447,178)
                                                       ===============   ================  ================    ===============


Loss per share, basic and diluted                             $ (0.04)           $ (0.04)          $ (0.07)           $ (0.08)
                                                       ===============   ================  ================    ===============

Weighted average number of shares                          19,376,856         17,245,738        19,052,117         17,149,265
                                                       ===============   ================  ================    ===============

                  The accompanying notes are an integral part of these financial statements.

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            SECURITY INTELLIGENCE TECHNOLOGIES, INC. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (Unaudited)

                                                                                          Six Months Ended
                                                                                 -----------------------------------
                                                                                            December 31,
                                                                                 -----------------------------------
                                                                                       2003              2002
                                                                                 -----------------  ----------------
<S>                                                                                  <C>                 <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
    Net loss                                                                         $ (1,263,882)     $ (1,447,178)
    Adjustments to reconcile net loss to net cash used in operating activities:
      Depreciation and amortization                                                        94,173            36,812
      Unrealized (gain) loss on financial guarantees                                     (130,359)          123,360
      Amortization of deferred compensation                                               131,400            11,190
      Noncash compensation - CEO/stockholder                                               21,000            32,219
      Noncash interest expense - CEO/stockholder                                           28,763            17,771
      CHANGES IN OPERATING ASSETS AND LIABILITIES:
        Decrease in inventory                                                             174,231           108,663
        (Increase) in other current assets                                               (113,610)          (42,031)
        (Increase) in security deposits                                                    (2,498)                -
        Increase in accounts payable and accrued expenses                                 332,791           680,478
        (Decrease) increase in customer deposits                                          (54,511)           13,101
        Increase in deferred revenue                                                      199,020           345,837
                                                                                 -----------------  ----------------
Net cash used in operating activities                                                    (583,482)         (119,778)
                                                                                 -----------------  ----------------

CASH FLOWS FROM FINANCING ACTIVITIES:
    Proceeds from issuance of common stock                                                525,000                 -
    Repayments of notes payable - bank                                                          -          (200,000)
    Borrowings under note payable - CEO/stockholder                                        21,061           311,309
    Borrowings under note payable - Officer                                                21,000                 -
                                                                                 -----------------  ----------------
Net cash provided by financing activities                                                 567,061           111,309
                                                                                 -----------------  ----------------

Net decrease in cash                                                                      (16,421)           (8,469)

Cash, beginning of period                                                                  21,638            32,344
                                                                                 -----------------  ----------------
Cash, end of period                                                                       $ 5,217          $ 23,875
                                                                                 =================  ================


Supplemental Disclosures of Cash Flow Information:
    Interest paid                                                                        $ 14,181          $ 25,676
                                                                                 =================  ================

    Taxes paid                                                                            $ 2,620           $ 2,839
                                                                                 =================  ================

Non-cash financing and investing activities:
    Common stock issued to settle accounts payable                                       $ 12,277          $ 93,447
                                                                                 =================  ================

    Accrued interest and deferred salary credited to note payable -
      CEO/stockholder                                                                    $ 49,763          $ 49,990
                                                                                 =================  ================

               The accompanying notes are an integral part of these financial statements.

</TABLE>


                                       5
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            SECURITY INTELLIGENCE TECHNOLOGIES, INC. AND SUBSIDIARIES
                          NOTES TO FINANCIAL STATEMENTS
                           DECEMBER 31, 2003 AND 2002
                                   (Unaudited)



Note 1 - Interim Financial Statements

     The accompanying unaudited financial statements of Security Intelligence
Technologies, Inc. and subsidiaries (the "Company") have been prepared pursuant
to generally accepted accounting principles for interim financial statements and
the rules and regulations of the Securities and Exchange Commission.
Accordingly, certain information and note disclosures normally included in
annual financial statements prepared in accordance with generally accepted
accounting principles have been condensed or omitted pursuant to those rules and
regulations. These financial statements should be read in conjunction with the
financial statements and the notes thereto included in the Company's latest
audited financial statements for the year ended June 30, 2003 filed on Form
10-KSB.

     In the opinion of management, all adjustments (consisting of normal
recurring adjustments) necessary for a fair presentation of the Company's
financial condition, results of operations and cash flows for the periods
presented have been included. The Company's quarterly results presented herein
are not necessarily indicative of results for a full year.

Organization and Nature of Business
___________________________________

     Security Intelligence Technologies, Inc. ("SIT"), a Florida Corporation and
its wholly owned subsidiaries (collectively the "Company") are engaged in the
design, manufacture and sale of security and surveillance products and systems.
The Company purchases finished items for resale from independent manufacturers,
and also assembles off-the-shelf electronic devices and other components into
proprietary products and systems at its own facilities. The Company generally
sells to businesses, distributors, government agencies and consumers through
five retail outlets located in Miami, Florida; Beverly Hills, California;
Washington, DC; New York City, and London, England and from its showroom in New
Rochelle, New York. On April 17, 2002, CCS International, Ltd. ("CCS"), a
Delaware corporation, and its wholly-owned subsidiaries, merged with SIT and
became a wholly owned subsidiary of SIT. The merger has been accounted for as a
reverse acquisition, since the management and stockholder of CCS obtained
control of the merged entity after the transaction was completed. Under reverse
acquisition accounting, CCS is considered the accounting acquirer and SIT (then
known as Hipstyle.com, Inc.) is considered the acquired company. Inasmuch as SIT
had no substantive assets or operations at the date of the transaction, the
merger has been recorded as an issuance of CCS stock to acquire SIT, accompanied
by a recapitalization, rather than as a business combination.

Principles of Consolidation
___________________________

     The consolidated financial statements include the accounts of SIT and its
wholly-owned subsidiaries. All significant inter-company balances and
transactions have been eliminated in consolidation.

Basis of Financial Statement Presentation
_________________________________________

     The financial statements of the Company have been prepared assuming the
Company will continue as a going concern, which contemplates the realization of
assets and the satisfaction of liabilities in the normal course of business. The
Company incurred net losses of $1,263,882 and $1,447,178 for the six months
ended December 31, 2003 and December 31, 2002 respectively. In addition, at
December 31, 2003, the Company had a working capital deficit of $6,322,368 and a
deficiency in stockholders' equity of $6,236,707. The Company is also a
defendant in material and costly litigation, which has significantly impacted
liquidity. See Note 9. The Company requires additional financing which may not
be readily available. The Company's bank facility has terminated, and the only
source of funds other than operations has been loans from the



                                       6
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            SECURITY INTELLIGENCE TECHNOLOGIES, INC. AND SUBSIDIARIES
                          NOTES TO FINANCIAL STATEMENTS
                           DECEMBER 31, 2003 AND 2002
                                   (Unaudited)



1.  Basis of Financial Statement Presentation (continued)
_________________________________________________________

Company's chief executive officer, customer deposits and proceeds from the
issuance of common stock. (See Notes 2, 3 and 6). These factors raise
substantial doubt about the Company's ability to continue as a going concern.
Management's plans with respect to these matters include to settle vendor
payables wherever possible, a reduction in operating expenses, and continued
financing from the chief executive officer in the absence of other sources of
funds. Management cannot provide any assurance that its plans will be successful
in alleviating its liquidity concerns and bringing the Company to the point of
profitability. The accompanying financial statements do not include any
adjustments that might result from the outcome of these uncertainties.

Revenue recognition
___________________

     The Company recognizes revenue from product sales upon the delivery of
merchandise to a customer. Non-refundable advance payments received under
marketing and distribution arrangements are deferred and either applied as
payments towards customer purchases made pursuant to the terms of the respective
agreements, or recognized as income at the termination of the agreement if
specified purchase quotas have not been met by the customer. Customer deposits
are initially recorded as liabilities and recognized as revenue when the related
goods are shipped.

Financial Guarantees
____________________

Certain shares issued by the Company to settle debt obligations  contain a price
guarantee that requires the Company to settle in cash any difference between the
original  face amount of the debt and proceeds  from the  creditor's  subsequent
sale of the shares. The Company accounts for these transactions by recording the
debt at fair value with periodic mark-to-market  adjustments until the guarantee
is settled.  Unrealized gains or losses resulting from changes in fair value are
included  in earnings  and accrued  expenses.  As a result,  we have  contingent
obligations  to our some of these  creditors.  With respect to 683,000 shares of
common stock issued during the fiscal 2004,  2003 and 2002,  the market value of
the common stock on December 31, 2003 was  approximately  $167,034 less than the
guaranteed price.

Stock-based Compensation
________________________

     The Company  periodically  grants stock  options to employees in accordance
with the  provisions of its stock option plans,  with the exercise  price of the
stock options  being set at the closing  market price of the common stock on the
date of grant.  The Company  accounts for stock-based  compensation  plans under
Accounting  Principles  Board  Opinion No. 25,  "Accounting  for Stock Issued to
Employees",  and  accordingly  accounts  for employee  stock-based  compensation
utilizing the intrinsic value method.  FAS No. 123,  "Accounting for Stock-Based
Compensation",   establishes  a  fair  value  based  method  of  accounting  for
stock-based  compensation  plans.  The Company has adopted the  disclosure  only
alternative  under  FAS No.  123,  which  requires  disclosure  of the pro forma
effects on earnings and earnings per share as if FAS No. 123 had been adopted as
well as certain other information.

     Stock options granted to non-employees are recorded at their fair value, as
determined  in  accordance  with SFAS No.  123 and  Emerging  Issues  Task Force
Consensus No. 96-18,  and recognized over the related  service period.  Deferred
charges for options granted to non-employees are periodically  re-measured until
the options vest.


                                       7
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            SECURITY INTELLIGENCE TECHNOLOGIES, INC. AND SUBSIDIARIES
                          NOTES TO FINANCIAL STATEMENTS
                           DECEMBER 31, 2003 AND 2002
                                   (Unaudited)


1.  Stock-based Compensation (continued)
________________________________________

     In December 2002, the FASB issued SFAS No. 148,  Accounting for Stock-Based
Compensation  -  Transition  and  Disclosure.  SFAS No. 148 amends SFAS No. 123,
Accounting  for  Stock-Based  Compensation.  Although it does not require use of
fair value method of accounting for stock-based employee  compensation,  it does
provide alternative methods of transition.

    It also  amends the  disclosure  provisions  of SFAS No.123 and APB No. 28,
Interim Financial Reporting, to require disclosure in the summary of significant
accounting policies of the effects of an entity's accounting policy with respect
to  stock-based  employee  compensation  on reported net income and earnings per
share in annual and interim  financial  statements.  SFAS No. 148's amendment of
the transition and annual disclosure  requirements is effective for fiscal years
ending after December 15, 2002. The amendment of disclosure  requirements of APB
No. 28 is effective for interim  periods  beginning  after December 15, 2002. We
adopted SFAS No. 148 and APB No.28 on January 1, 2003.
     FASB Statement 123, "Accounting for Stock-Based Compensation," requires the
Company to provide pro forma information  regarding net income (loss) and income
(loss)  per  share  as if  compensation  cost  for the  Company's  stock  option
issuances had been  determined  in  accordance  with the fair value based method
prescribed in FASB Statement  123. The Company  estimates the fair value of each
stock option at the grant date by using the Black-Scholes  option-pricing  model
with the following  weighted-average  assumptions used for grants in fiscal 2003
and 2002: dividend yield of 0%, risk-free interest rate of 3.38%, expected lives
of eight years, and expected volatility of 120%. Under the accounting provisions
of SFAS  Statement  123, the  Company's net loss and loss per share for the 2003
Quarter and the 2002  Quarter  would have been the pro forma  amounts  indicated
below:
<TABLE>
<CAPTION>


                                                                Three Months Ended                  Six Months Ended
                                                                   December 31,                        December 31,
                                                          ------------------------------   ----------------------------------
Net loss:                                                       2003           2002              2003              2002
                                                           --------------- --------------   ----------------  ----------------
    <S>                                                            <C>          <C>             <C>               <C>
     As reported                                               $ (825,425)    $ (730,397)      $ (1,263,882)     $ (1,447,178)
     Add: Stock based employee compensation expense
        included in reported net loss                                   -              -                  -                 -
     Deduct: Total stock based employee compensation
        expense determined under the fair value based
          method for all awards                                    31,787        (65,461)             6,422          (248,979)
                                                           --------------- --------------   ----------------  ----------------
                                                               $ (793,638)    $ (795,858)      $ (1,257,460)     $ (1,696,157)
                                                           =============== ==============   ================  ================

Loss per share, basic and diluted:
     As reported                                                  $ (0.04)       $ (0.04)           $ (0.07)          $ (0.08)
     Proforma                                                     $ (0.04)       $ (0.05)           $ (0.07)          $ (0.10)

</TABLE>

Foreign Currency Translation

     The functional currency of the Company's UK subsidiary is the local
currency. Accordingly, the Company translates all assets and liabilities into
U.S. dollars at current rates. Revenues, costs, and expenses are translated at
average rates during each reporting period. Gains and losses resulting from the
translation of the consolidated financial statements are excluded from results
of operations and are reflected as a translation adjustment and a separate
component of stockholders' deficit. Gains and losses resulting from foreign
currency transactions are recognized in the consolidated statement of operations
in the period they occur.


                                       8
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            SECURITY INTELLIGENCE TECHNOLOGIES, INC. AND SUBSIDIARIES
                          NOTES TO FINANCIAL STATEMENTS
                           DECEMBER 31, 2003 AND 2002
                                   (Unaudited)


2.  Note Payable - Bank

     Prior to June 1, 2002, the Company had a bank credit agreement pursuant to
which it could borrow up to $400,000 with interest at the bank's price plus 1%.
On June 1, 2002, the available credit was reduced to $200,000 and the interest
rate was increased to the bank's prime rate plus 2.5%. The Note was secured by
substantially all of the assets of the Company, and personal assets and a
guaranty of the chief executive officer. The credit facility expired on November
1, 2002, when all unpaid principal and interest became due in full. The unpaid
principal and interest was paid in December 2002. To date, management has been
unable to renew or to replace the line with alternative financing on similar
terms.

3.  Note Payable - CEO/stockholder

     This amount represents a note payable to the Company's chief executive
officer includes deferred salary of $188,399 and accrued interest of $111,618
and bears interest at the rate of 5% per annum. The Note is secured by
substantially all of the assets of the Company and is due on demand.

4.  Note Payable - Officer

     This amount represents a note payable to an officer and director of the
Company. The note is payable on demand, bears interest at the rate of 5% per
annum, and is unsecured.

5.  Loss Per Share

     The Company calculates earnings per share in accordance with SFAS No. 128,
Earnings Per Share, and SEC Staff Accounting Bulletin No. 98. Accordingly, basic
and diluted loss per share is computed using the weighted average number of
shares of common stock outstanding and excludes all common stock equivalents
outstanding during the period. Common stock equivalents consist of shares
issuable upon the exercise of stock options and warrants using the treasury
stock method. Stock options and preferred stock that are convertible into common
stock based on the Company's attainment of performance goals are not includible
in the calculation of earnings per share until the specified targets are met.
The following securities have been excluded from the diluted computation for the
three and six months ended December 31, 2003 and December 31, 2002 because they
are contingently issuable and/or antidilutive:

                                              Six Months Ended
                                              ----------------
                                                 December 31,
                                              ----------------
                                              2003              2002
                                              ----              ----

Series A Convertible Preferred Stock        3,500,000        3,500,000
Series B Convertible Preferred Stock        1,500,000        1,500,000
Stock options                               1,992,500        1,999,000
Warrants                                      400,000          400,000

6.  Consulting Agreements

     In July 2003 the Company formalized consulting contracts with Michael
Farkas and two additional financial consultants relating to acquisition
services, financial public relations and operational performance services. In
connection therewith the Company granted a total of 2,600,000 fully vested
options, including 1,700,000 options granted to Michael Farkas, to purchase
shares of common stock at prices ranging from $.10 per share to $1.00 per share.
These options were



                                       9
<PAGE>

            SECURITY INTELLIGENCE TECHNOLOGIES, INC. AND SUBSIDIARIES
                          NOTES TO FINANCIAL STATEMENTS
                           DECEMBER 31, 2003 AND 2002
                                   (Unaudited)


6.  Consulting Agreements (continued)

valued at $137,060 using the Black-Scholes option-pricing model and are being
amortized over the six month life of the contracts. The Company has expensed
$130,798 related to these options during the six months ended December 31, 2003.
As of December 31, 2003 the consultants have exercised 1,960,000 options for a
total amount of $525,000, including 1,700,000 options exercised by Michael
Farkas for $400,000.

7.  Stockholder's Equity:

Common Stock
____________

During the six months ended December 31, 2003 the Company issued 156,000 shares
of common stock in full settlement, subject to certain terms, of $61,550 of
accrued professional fees. If the proceeds from the sale of the common stock are
less than $61,550 the Company will pay to the creditors the difference between
the $61,550 and the proceeds from the sale of the common stock. At December 31,
2003 the market value of the 156,000 shares of common stock was $54,600
resulting in a contingent liability of $6,950. The Company has recorded this
contingent liability at December 31, 2003.

2003 Stock Incentive Plan
_________________________

     As of July 3, 2003 our board of directors adopted the 2003 Stock Incentive
Plan (the "2003 Plan") which provided for the grant of non-qualified stock
options to purchase a maximum of 320,000 shares of common stock or the grant of
shares to directors, employees, officers, agents, consultants and independent
contractors who perform services for the Company. As of the date of this
quarterly report on Form 10-QSB, stockholder approval of the 2003 Plan has not
been obtained.

8.  Income taxes

     The Company did not incur any income tax liabilities during the three and
six month periods ended December 31, 2003 and 2002 due to operating losses. As
of December 31, 2003, the Company has increased its tax valuation allowance to
offset the deferred tax benefits of net operating losses and other temporary
differences arising during the six months ended December 31, 2003 because
management is uncertain as to their ultimate realization.

9.  Legal Matters

Litigation
__________

Settled matters
_______________


     On or about May 25, 2001, an action was commenced against CCS in the United
States District Court for the Southern District of New York, captioned Shenzen
Newtek v. CCS International Ltd. The plaintiff had sought to recover $91,500,
which was paid to CCS in connection with a distributorship agreement between the
parties, plus costs and interest. On July 10, 2002, the Company and Shenzhen
Newtek entered into a Settlement Agreement under which SIT issued 67,000 shares
of its common stock in full settlement, subject to certain terms, of the $67,000
claim.

The Settlement Agreement granted Shenzhen Newtek a price guarantee upon sale of
the shares and, alternatively, the option after July 10, 2003 to return the
67,000 shares to the Company in return for a cash payment of $35,000. In August
2003 Shenzhen Newtek returned the 67,000 shares to the Company however to date,
no cash payment has been made.


                                       10
<PAGE>


            SECURITY INTELLIGENCE TECHNOLOGIES, INC. AND SUBSIDIARIES
                          NOTES TO FINANCIAL STATEMENTS
                           DECEMBER 31, 2003 AND 2002
                                   (Unaudited)




9.  Legal Matters (continued)

Litigation (continued)
______________________


Pending Matters
_______________


     In June 1998, a photographer and model formerly retained by CCS filed suit
in U. S. District Court for the Southern District of New York captioned Ross &
Vassilkioti v. CCS International, Ltd. seeking damages for alleged copyright
infringement and other claims. The judge in the case has granted the plaintiff
partial summary judgment as to the copyright infringement. On June 18, 2003, a
jury awarded the plaintiffs $350,000 on the copyright infringement portion of
the case. Under federal judicial rules, the Company is unable to contest the
granting of partial summary judgment until a final judgment has been rendered.
The Company believes that it has meritorious and substantial defenses against
the additional claims asserted in the lawsuit and a valid basis for appeal of
the jury award of $350,000 and any additional adverse verdicts that may occur in
this case. A trial date for the remaining counts in the case has been delayed
while the parties attempt to reach a settlement.

     On November 1, 2002, a former Company supplier filed suit in the United
States District Court for the District of Maryland, captioned Micronel Safety,
Inc. v. CCS International Ltd. seeking damages of $242,400 for breach of
contract to purchase certain products. CCS has denied the material allegations
of the plaintiff's claim and has raised affirmative defenses thereto. The
Company believes that it has valid defenses to the claim.

     On or about March 13, 2003, an action was commenced against CCS and its
subsidiary in the Circuit Court of the 11th Judicial Circuit, Miami-Dade County,
FL captioned Welcome Publishing Company, Inc. v. CCS International, Ltd. and
Counter Spy Shop of Mayfair Ltd., Inc. seeking damages of $140,430 for an
alleged breach of an advertising contract. CCS has denied the material
allegations of the plaintiff's claim and has raised affirmative defenses
thereto. The Company believes that it has valid defenses to the claim. A
non-binding mediation took place on October 9, 2003 during which the parties
discussed a settlement but were unable to reach an agreement.

     The Company is also the defendant in 3 actions arising out of our
distributor agreements. On or about May 11, 2000 an action was commenced against
CCS in the Supreme Court, New York County, captioned Ergonomic Systems
Philippines Inc. v. CCS International Ltd. The plaintiff seeks to recover
$81,000, which was paid to CCS in connection with a distributorship agreement
between the parties, plus costs and interest. CCS has denied the material
allegations of the claim and has raised affirmative defenses thereto. The
Company believes that it has valid defenses to the claim.

     On or about October 12, 2001, an action was commenced against CCS in the
United States District Court for the Southern District of New York, captioned
China Bohai Group Co., Ltd. and USA International Business Connections Corp. v.
CCS International, Ltd. The plaintiff seeks to recover $250,000 paid to CCS in
connection with a distributorship agreement between the parties, plus $5,000,000
of punitive damages and costs and interest. CCS has denied the material
allegations of the plaintiff's claim and has raised affirmative defenses
thereto. CCS has asserted a counterclaim seeking damages in the approximate
amount of $1,150,000 based upon the plaintiff's alleged breach of the parties'
distributorship agreement. The Company believes that it has valid defenses to
the claim.


                                       11
<PAGE>


            SECURITY INTELLIGENCE TECHNOLOGIES, INC. AND SUBSIDIARIES
                          NOTES TO FINANCIAL STATEMENTS
                           DECEMBER 31, 2003 AND 2002
                                   (Unaudited)



9.  Legal Matters (continued)

Litigation (continued)
______________________

Pending Matters
_______________

     On December 3, 2002 EHS Elektronik Sistemleri ("EHS") submitted a demand
for arbitration to the American Arbitration Association in NY, NY claiming CCS
breached a joint venture agreement it had entered into with CCS in 1994 and
seeking a refund of the $200,000 it had paid to CCS. A hearing was held on
December 22, 2003 however to date, no decision has been rendered. The Company
believes that it has valid defenses to the claim.

     On July 1, 2002, the Company's London subsidiary, Counter Spy Shop of
Mayfair Limited ("CSS"), entered into an agreement to assume the business
operations of another UK corporation ("Predecessor") for nominal consideration.
The Predecessor is a defendant in ongoing litigation brought by a former
customer, who has sued for breach of a contract executed in 1998 and is seeking
a refund of approximately $293,000 in products and services purchased from the
Predecessor. Due to the business transfer, there is a possibility that the
plaintiff could name CSS as a defendant in the case. The Company, in
consultation with counsel, believes that the Predecessor has valid defenses to
the claim, and that CSS has valid defenses against any action that may be
brought against it.

     Given that litigation is subject to many uncertainties, it is not possible
to predict the outcome of the litigation pending against the Company. However,
it is possible that the Company's business, results of operations, cash flows or
financial position could be materially affected by an unfavorable outcome of
certain pending litigation in amounts in excess of those that the Company has
recognized. All such cases are being, and will continue to be vigorously
defended, and the Company believes that it has meritorious and valid defenses
against all such litigation, as well as a valid basis for appeal of any adverse
verdicts, should they result.

10. SUBSEQUENT EVENTS

Consulting Agreements
---------------------

In January 2004 the Company formalized a consulting contract with a financial
consultant relating to the acquisition services, financial public relations and
operational performance services. In connection therewith the Company granted
a total of 350,000 fully vested options to purchase shares of common stock at a
price of $.10 per share. The consultant subsquently exercised 350,000 options
for a total amount of $35,000.

2004 Stock Incentive Plan
-------------------------

     As of February 18, 2004 our board of directors adopted the 2004 Stock
Incentive Plan (the "2004 Plan") which provided for the grant of non-qualified
stock options to purchase a maximum of 1,000,000 shares of common stock or the
grant of shares to directors, employees, officers, agents consultants and
independent contractors who perform services for the Company. As of the date of
this quartely report on Form 10-QSB, stockholder approval of the 2004 Plan has
not been obtained.

Item 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
         OF OPERATIONS.

The following discussion should be read in conjunction with the financial
statements and notes thereto of the Company. Such financial statements and
information have been prepared to reflect the Company's financial position as of
December 31, 2003 and June 30, 2003.

Historical results and trends should not be taken as indicative of future
operations. Management's statements contained in this report that are not
historical facts are forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. Actual results may differ materially from
those included in the forward-looking statements. The Company intends such
forward-looking statements to be covered by the safe harbor provisions for
forward-looking statements contained in the Private Securities Litigation Reform
Act of 1995, and is including this statement for purposes of complying with
those safe harbor provisions. Forward-looking statements, which are based on
certain assumptions and describe future plans, strategies and expectations of
the Company, are generally identifiable by use of the words "believe," "expect,"
"intend," "anticipate," "estimate," "project," "prospects" or similar
expressions. The Company's ability to predict results or the actual effect of
future plans or strategies is inherently uncertain. Information concerning the
Company and its business, including the risks faced by us described herein and
in our most recent annual report on Form 10-KSB could materially affect the
Company's financial results. The Company disclaims any obligation to update or
announce revisions to any forward-looking statements to reflect actual events or
developments.


                                       12
<PAGE>

Critical accounting policies

     The Company prepares its financial statements in accordance with accounting
principles generally accepted in the United States of America. Preparing
financial statements in accordance with generally accepted accounting principles
requires the Company to make estimates and assumptions that affect the reported
amounts of assets and liabilities and disclosure of contingent assets and
liabilities as of the date of the financial statements and the reported amounts
of revenues and expenses during the reporting period. The following paragraphs
include a discussion of some of the significant accounting policies and methods
applied to the preparation of the Company's consolidated financial statements.
Review Note 1 to the financial statements for further discussion of significant
accounting policies.

Revenue recognition

     The Company recognizes revenue from product sales upon the delivery of
merchandise to a customer. Non-refundable advance payments received under
marketing and distribution arrangements are deferred and either applied as
payments towards customer purchases made pursuant to the terms of the respective
agreements, or recognized as income at the termination of the agreement if
specified purchase quotas have not been met by the customer. Customer deposits
are initially recorded as liabilities and recognized as revenue when the related
goods are shipped.

Stock-based Compensation

     The Company periodically grants stock options to employees in accordance
with the provisions of its stock option plans, with the exercise price of the
stock options being set at the closing market price of the common stock on the
date of grant. The Company accounts for stock-based compensation plans under
Accounting Principles Board Opinion No. 25, "Accounting for Stock Issued to
Employees", and accordingly accounts for employee stock-based compensation
utilizing the intrinsic value method. FAS No. 123, "Accounting for Stock-Based
Compensation", establishes a fair value based method of accounting for
stock-based compensation plans. The Company has adopted the disclosure only
alternative under FAS No. 123, which requires disclosure of the pro forma
effects on earnings and earnings per share as if FAS No. 123 had been adopted as
well as certain other information. Stock options granted to non-employees are
recorded at their fair value, as determined in accordance with SFAS No. 123 and
Emerging Issues Task Force Consensus No. 96-18, and recognized over the related
service period. Deferred charges for options granted to non-employees are
periodically re-measured until the options vest. In December 2002, the FASB
issued SFAS No. 148, Accounting for Stock-Based Compensation - Transition and
Disclosure. SFAS No. 148 amends SFAS No. 123, Accounting for Stock-Based
Compensation. Although it does not require use of fair value method of
accounting for stock-based employee compensation, it does provide alternative
methods of transition. It also amends the disclosure provisions of SFAS No.123
and APB No. 28, Interim Financial Reporting, to require disclosure in the
summary of significant accounting policies of the effects of an entity's
accounting policy with respect to stock-based employee compensation on reported
net income and earnings per share in annual and interim financial statements.
SFAS No. 148's amendment of the transition and annual disclosure requirements is
effective for fiscal years ending after December 15, 2002. The amendment of
disclosure requirements of APB No. 28 is effective for interim periods beginning
after December 15, 2002. We adopted SFAS No. 148 and APB No.28 on January 1,
2003.

Income taxes

The Company uses the liability method to determine its income tax expense. Under
this method, deferred tax assets and liabilities are computed based on
differences between financial reporting and tax basis of assets and liabilities
and are measured using the enacted rates and laws that will be in effect when
the differences are expected to reverse. Deferred tax assets are reduced by a
valuation allowance if, based on the weight of the available evidence, it is
more likely than not that all or some portion of the deferred tax assets will
not be realized. The ultimate realization of the deferred tax asset depends on
the Company's ability to generate sufficient taxable income in the future.


                                       13
<PAGE>



RESULTS OF OPERATIONS - Six Months Ended December 31, 2003 and 2002.

Revenues. Revenues for six months ended December 31, 2003 (the "2003 Period")
were $1,701,362 a decrease of $381,486 or 18.3%, from revenues of $2,082,848 for
the six months ended December 31, 2002 (the "2002 Period"). The decrease is
primarily a result of a decreased marketing effort caused by our limited
resources. In particular, we decreased our advertising and promotional
expenditures and attended fewer international trade shows. As long as we do not
have the resources to market our products effectively, we will have a difficult
time increasing our revenues. In addition, our financial condition and losses
may have affected the willingness of customers to purchase products from us.

Cost of Sales. Cost of sales decreased by $195,020 or 23.7%, to $627,724 in the
2003 Period from $822,744 in the 2002 Period. Cost of sales as a percentage of
product sales decreased to 38.7% in the 2003 Period from 39.6% in the 2002
Period reflecting an improvement in product mix.

Compensation and benefits. Compensation and benefits decreased by $33,854, or
2.8% to $1,175,023 in the 2003 Period from $1,208,877 in the 2002 Period
primarily due to cost cutting measures which was partially offset by increased
expenditures by adding personnel to the marketing department and the sales
department in anticipation of increased sales which did not materialize.

Professional fees and legal matters. Professional fees and legal settlements
increased by $72,524, or 36.8% to $269,355 in the 2003 Period from $196,831 in
the 2002 Period. Based on a review of outstanding legal matters and unpaid
settlements, we have established, in consultation with outside counsel, reserves
for litigation costs that are probable and can be reasonable estimated. We can
provide no assurance, however, that such reserves will be sufficient to absorb
actual losses that may result from unfavorable outcomes. Moreover, it is
possible that the resolution of litigation contingencies will have a material
adverse impact on our consolidated financial condition, results of operations,
and cash flows. We also expect that we will continue to incur attorney's fees
and the use of management resources to defend pending litigation and creditor
nonpayment claims during fiscal 2004.

Selling, general and administrative expenses. Selling, general and
administrative expenses decreased by $211,571, or 19.3% to $886,384 in the 2003
Period from $1,097,955 in the 2002 Period. The significant changes were
primarily due to (i) a decrease in advertising expense of $125,361, or 80.1% to
$29,624 in the 2003 Period from $154,985 in the 2002 Period, (ii) a decrease in
rent expense of $65,457, or 19.4% to $271,997 in the 2003 Period from $337,454
in the 2002 Period due to lower rents in new in relocations and a renegotiation
of rents previously recorded in the Company's headquarter location (iii) a
decrease in public relations expense of $42,000, or 100% in the 2003 Period
resulting from the expiration of a contract (iv) a decrease in telephone expense
of $19,566, or 25.4% to $57,514 in the 2003 Period from $77,080 in the 2002
Period, due to lower rates charged by new service providers and (v) a decrease
in shipping costs of $7,357, or 28.1% to $18,801 in the 2003 Period from $26,158
in the 2002 Period all partially offset by an increase in amortization of
deferred compensation relating to stock options we have granted of $120,210.

Unrealized (gain) loss on financial guarantees. Unrealized (gain) loss on
financial guarantees is attributable to the increase or decrease in market value
relating to our price guarantees on common stock which we have issued in payment
of trade payables. Unrealized (gain) loss on financial guarantees decreased
$253,719, or 205.7% to a gain of $130,359 in the 2003 Period from a loss of
$123,360 in the 2002 Period.

Depreciation and amortization. Depreciation and amortization increased by
$57,361, or 155.8% to $94,173 in the 2003 Period from $36,812 in the 2002 Period
primarily as a consequence of expensing the net book value of leasehold
improvements in our Beverly Hills, CA store from where we have relocated and our
New York Store which we closed in February 2004.

Interest expense. Interest expense decreased by $503, or 1.2% to $42,944 in the
2003 Period from $43,447 in the 2002 Period as a result of a small reduction in
the Company's interest bearing outstanding debt obligations.

As a result of the forgoing, our net loss decreased by $183,296, or 12.7% to
$1,263,882, $.07 per share, in the 2003 Period from $1,447,178, $.08 per share,
in the 2002 Period as a result of the factors described above.


                                       14
<PAGE>

LIQUIDITY AND CAPITAL RESOURCES

We require significant working capital to fund our future operations. At
December 31, 2003 we had cash of $5,217 and a working capital deficit of
$6,322,368. The aggregate amount of accounts payable and accrued expenses at
December 31, 2003 was $3,766,998. As a result of our continuing losses, our
working capital deficiency has increased. We funded our losses through the
issuance of our common stock. We also utilized vendor credit and customer
deposits. Because we have not been able to pay our trade creditors in a timely
manner, we have been subject to litigation and threats of litigation from our
trade creditors and we have used common stock to satisfy our obligations to
trade creditors. In many instances when we issue common stock, we have provided
that if the stock does not reach a specified price level one year from issuance,
we will pay the difference between that price level and the actual price. As a
result, we have contingent obligations to our some of these creditors. With
respect to 683,000 shares of common stock issued during the fiscal 2004, 2003
and 2002, the market value of the common stock on December 31, 2003 was
approximately $167,034 less than the guaranteed price.

Our accounts payable and accrued expenses increased from $3,563,776 at June 30,
2003 to $3,766,998 at December 31, 2003. This increase consists of an increase
in the market value of our common stock held by trade creditors of $130,359
offset by an increase in other accounts payable and accrued expenses of $333,581
reflecting our inability to pay creditors currently. We also had customer
deposits and deferred revenue of $2,457,278 which relate to payments on orders
which had not been filled at that date. We have used our advance payments to
continue our operations. If our vendors do not extend us necessary credit we may
not be able to fill current or new orders, which may affect the willingness of
our clients to continue to place orders with us.

We require substantial funds to support our operations. Since the completion of
the merger we have sought, and been unsuccessful, in our efforts to obtain
adequate funding for our business. Because of our losses, we are not able to
increase our borrowing. Our bank facility terminated on November 1, 2002 and to
date, we do not have any agreements with any replacement lender. Our failure to
obtain a credit facility with another lender could materially impair our ability
to continue in operation, and we cannot assure you that we will be able to
obtain the necessary financing. Our main source of funds other than the bank
facility has been from loans from our chief executive officer, customer deposits
and vendor credit. Because of both our low stock price and our losses, we were
not been able to raise funds through the sale of our equity securities in fiscal
2002 and 2003. During the 2003 Period our stock price increased and we raised
$525,000 resulting from the exercise of options to buy our common stock.
Management cannot provide any assurance that our stock price will increase or
remain at its current level or that we will be able to raise any more money
through the sale of our equity securities. We may not be able to obtain any
additional funding, and, if we are not able to raise funding, we may be unable
to continue in business. Furthermore, if we are able to raise funding in the
equity markets, our stockholders might suffer significant dilution and the
issuance of securities may result in a change of control. These factors raise
substantial doubt about the Company's ability to continue as a going concern.
Management's plans with respect to these matters include its attempts to settle
vendor payables wherever possible, a reduction in operating expenses, and
financing from the chief executive officer in the absence of other sources of
funds. Management cannot provide any assurance that its plans will be successful
in alleviating its liquidity concerns and bringing the Company to the point of
sustained profitability. The accompanying financial statements do not include
any adjustments that might result from the outcome of these uncertainties.


Item 3. Quantitative and Qualitative Disclosures About Market Risk

Market risk represents the risk of loss that may impact our financial position,
results of operations or cash flows due to adverse changes in market prices and
rates. Our short-term debt bears interest at fixed rates; therefore our results
of operations would not be affected by interest rate changes.

Item 4.    Controls and Procedures

Evaluation of disclosure controls and procedures
Our chief executive officer and chief financial officer have supervised and
participated in an evaluation of the effectiveness of our disclosure controls
and procedures as of a date within 90 days of the date of this report, and,
based on their evaluations, they believe that our disclosure controls and
procedures (as defined in Rule 13a-14(c) of the Securities Exchange Act of 1934,
as amended) are designed to ensure that information required to be disclosed by
us in the reports that we file or submit under the Securities Exchange Act of
1934 is recorded, processed, summarized and reported, within the time periods
specified in the Commission's rules and forms. As a result of the evaluation,
there were no significant changes in our internal controls or in other factors
that could significantly affect these controls subsequent to the date of their
evaluation.


                                       15
<PAGE>

Changes in internal controls

We have not made any significant changes to our internal controls subsequent to
the Evaluation Date. We have not identified any significant deficiencies or
material weaknesses or other factors that could significantly affect these
controls, and therefore, no corrective action was taken.


                           PART II - OTHER INFORMATION

Item 1.      Legal Proceedings

In June 1998, a photographer and model formerly retained by CCS filed suit in U.
S. District Court for the Southern District of New York captioned Ross &
Vassilkioti v. CCS International, Ltd. seeking damages for alleged copyright
infringement and other claims. The judge in the case has granted the plaintiff
partial summary judgment as to the copyright infringement. On June 18, 2003, a
jury awarded the plaintiffs $350,000 on the copyright infringement portion of
the case. Under federal judicial rules, the Company is unable to contest the
granting of partial summary judgment until a final judgment has been rendered.
The Company believes that it has meritorious and substantial defenses against
the additional claims asserted in the lawsuit and a valid basis for appeal of
the jury award of $350,000 and any additional adverse verdicts that may occur in
this case. A trial date for the remaining counts in the case has been delayed
while the parties attempt to reach a settlement.

On November 1, 2002, a former Company supplier filed suit in the United States
District Court for the District of Maryland, captioned Micronel Safety, Inc. v.
CCS International Ltd. seeking damages of $242,400 for breach of contract to
purchase certain products. CCS has denied the material allegations of the
plaintiff's claim and has raised affirmative defenses thereto. The Company
believes that it has valid defenses to the claim.

On or about March 13, 2003, an action was commenced against CCS and its
subsidiary in the Circuit Court of the 11th Judicial Circuit, Miami-Dade County,
FL captioned Welcome Publishing Company, Inc. v. CCS International, Ltd. and
Counter Spy Shop of Mayfair Ltd., Inc. seeking damages of $140,430 for an
alleged breach of an advertising contract. CCS has denied the material
allegations of the plaintiff's claim and has raised affirmative defenses
thereto. The Company believes that it has valid defenses to the claim. A
non-binding mediation took place on October 9, 2003 during which the parties
discussed a settlement but were unable to reach an agreement.

The Company is also the defendant in 3 actions arising out of our distributor
agreements. On or about May 11, 2000 an action was commenced against CCS in the
Supreme Court, New York County, captioned Ergonomic Systems Philippines Inc. v.
CCS International Ltd. The plaintiff seeks to recover $81,000, which was paid to
CCS in connection with a distributorship agreement between the parties, plus
costs and interest. CCS has denied the material allegations of the claim and has
raised affirmative defenses thereto. The Company believes that it has valid
defenses to the claim.

On or about October 12, 2001, an action was commenced against CCS in the United
States District Court for the Southern District of New York, captioned China
Bohai Group Co., Ltd. and USA International Business Connections Corp. v. CCS
International, Ltd. The plaintiff seeks to recover $250,000 paid to CCS in
connection with a distributorship agreement between the parties, plus $5,000,000
of punitive damages and costs and interest. CCS has denied the material
allegations of the plaintiff's claim and has raised affirmative defenses
thereto. CCS has asserted a counterclaim seeking damages in the approximate
amount of $1,150,000 based upon the plaintiff's alleged breach of the parties'
distributorship agreement. The Company believes that it has valid defenses to
the claim.

On December 3, 2002 EHS Elektronik Sistemleri ("EHS") submitted a demand for
arbitration to the American Arbitration Association in NY, NY claiming CCS
breached a joint venture agreement it had entered into with CCS in 1994 and
seeking a refund of the $200,000 it had paid to CCS. A hearing was held on
December 22, 2003 however to date, no decision has been rendered. The Company
believes that it has valid defenses to the claim.


                                       16
<PAGE>

On July 1, 2002, the Company's London subsidiary, Counter Spy Shop of Mayfair
Limited ("CSS"), entered into an agreement to assume the business operations of
another UK corporation ("Predecessor") for nominal consideration. The
Predecessor is a defendant in ongoing litigation brought by a former customer,
who has sued for breach of a contract executed in 1998 and is seeking a refund
of approximately $293,000 in products and services purchased from the
Predecessor. Due to the business transfer, there is a possibility that the
plaintiff could name CSS as a defendant in the case. The Company, in
consultation with counsel, believes that the Predecessor has valid defenses to
the claim, and that CSS has valid defenses against any action that may be
brought against it.



Item 2.      Changes in Securities           None

Item 3.      Defaults Upon Senior Securities Not Applicable

Item 4.      Submission of Matters to a Vote of Security Holders    None

Item 5.      Other Information    None

Item 6.      Exhibits and Reports on Form 8-K
             a. Exhibits

                 31.1   Certification Ben Jamil, CEO

                 32.1   Certification Chris R. Decker, CFO

             b. Reports on Form 8-K          None.

                No reports on Form 8-K were filed for this quarter of 2003.



                                       17
<PAGE>

                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.


                                        SECURITY INTELLIGENCE TECHNOLOGIES, INC.


                                        By:  /s/   Ben  Jamil
                                        ________________________________________
                                        Ben  Jamil, Chief  Executive Officer


                                        By:  /s/  Chris R. Decker
                                        ________________________________________
                                        Chris R. Decker, Chief Financial Officer

Date:  February 19, 2004


            CERTIFICATIONS OF CHIEF EXECUTIVE AND FINANCIAL OFFICERS

The undersigned chief executive officer and chief financial officer of the
Registrant do hereby certify that this Quarterly Report on Form 10-QSB fully
complies with the requirements of Section 13(a) or 15(d) of the Securities Act
of 1934, as amended, and that the information contained in this report fairly
presents, in all material respects, the financial condition and results of
operations of the Registrant at the dates and for the periods shown in such
report.

                                                   By:  /s/ Ben Jamil
                                                   _____________________________
                                                   Ben Jamil
                                                   Chief Executive Officer

                                                   By: /s/ Chris R. Decker
                                                   _____________________________
                                                   Chris R. Decker
                                                   Chief Financial Officer


I, Ben Jamil, chief executive officer of Security Intelligence Technologies,
Inc. (the "registrant"), certify that:

1.   I have reviewed this quarterly report on Form 10-QSB of the registrant;

2.   Based on my knowledge, this quarterly report does not contain any untrue
     statement of a material fact or omit to state a material fact necessary to
     make the statements made, in light of the circumstances under which such
     statements were made, not misleading with respect to the period covered by
     this quarterly report;

3.   Based on my knowledge, the financial statements, and other financial
     information included in this quarterly report, fairly present in all
     material respects the financial condition, results of operations and cash
     flows of the registrant as of, and for, the periods presented in this
     quarterly report;

4.   The registrant's other certifying officers and I are responsible for
     establishing and maintaining disclosure controls and procedures (as defined
     in Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

     a)   designed such disclosure controls and procedures to ensure that
          material information relating to the registrant, including its
          consolidated subsidiaries, is made known to us by others within those
          entities, particularly during the period in which this quarterly
          report is being prepared;

                                       18
<PAGE>

     b)   evaluated the effectiveness of the registrant's disclosure controls
          and procedures as of a date within 90 days prior to the filing date of
          this quarterly report (the "Evaluation Date"); and

     c)   presented in this quarterly report our conclusions about the
          effectiveness of the disclosure controls and procedures based on our
          evaluation as of the Evaluation Date;

5.   The registrant's other certifying officers and I have disclosed, based on
     our most recent evaluation, to the registrant's auditors and the audit
     committee of registrant's board of directors (or persons performing the
     equivalent function):

     a)   all significant deficiencies in the design or operation of internal
          controls which could adversely affect the registrant's ability to
          record, process, summarize and report financial data and have
          identified for the registrant's auditors any material weaknesses in
          internal controls; and

     b)   any fraud, whether or not material, that involves management or other
          employees who have a significant role in the registrant's internal
          controls; and

6.   The registrant's other certifying officers and I have indicated in this
     quarterly report whether or not there were significant changes in internal
     controls or in other factors that could significantly affect internal
     controls subsequent to the date of our most recent evaluation, including
     any corrective actions with regard to significant deficiencies and material
     weaknesses.

Date:  February 19, 2004
                                                         By:  /s/ Ben Jamil
                                                         _______________________
                                                         Ben Jamil
                                                         Chief Executive Officer

I, Chris Decker, chief financial officer of Security Intelligence Technologies,
Inc. (the "registrant"), certify that:

1.   I have reviewed this quarterly report on Form 10-QSB of the registrant;

2.   Based on my knowledge, this quarterly report does not contain any untrue
     statement of a material fact or omit to state a material fact necessary to
     make the statements made, in light of the circumstances under which such
     statements were made, not misleading with respect to the period covered by
     this quarterly report;

3.   Based on my knowledge, the financial statements, and other financial
     information included in this quarterly report, fairly present in all
     material respects the financial condition, results of operations and cash
     flows of the registrant as of, and for, the periods presented in this
     quarterly report;

4.   The registrant's other certifying officers and I are responsible for
     establishing and maintaining disclosure controls and procedures (as defined
     in Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

     a)   designed such disclosure controls and procedures to ensure that
          material information relating to the registrant, including its
          consolidated subsidiaries, is made known to us by others within those
          entities, particularly during the period in which this quarterly
          report is being prepared;

     b)   evaluated the effectiveness of the registrant's disclosure controls
          and procedures as of a date within 90 days prior to the filing date of
          this quarterly report (the "Evaluation Date"); and

     c)   presented in this quarterly report our conclusions about the
          effectiveness of the disclosure controls and procedures based on our
          evaluation as of the Evaluation Date;

5.   The registrant's other certifying officers and I have disclosed, based on
     our most recent evaluation, to the registrant's auditors and the audit
     committee of registrant's board of directors (or persons performing the
     equivalent function):


                                       19
<PAGE>

     a)   all significant deficiencies in the design or operation of internal
          controls which could adversely affect the registrant's ability to
          record, process, summarize and report financial data and have
          identified for the registrant's auditors any material weaknesses in
          internal controls; and

     b)   any fraud, whether or not material, that involves management or other
          employees who have a significant role in the registrant's internal
          controls; and

6.   The registrant's other certifying officers and I have indicated in this
     quarterly report whether or not there were significant changes in internal
     controls or in other factors that could significantly affect internal
     controls subsequent to the date of our most recent evaluation, including
     any corrective actions with regard to significant deficiencies and material
     weaknesses.


Date:  February 19, 2004
                                                 By:  /s/ Chris R. Decker
                                                 _______________________________
                                                 Chris R. Decker
                                                 Chief Financial Officer








                                       20
<PAGE>