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 MARCH 31, 2002

                                       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)

              (Former name, former address and former fiscal year,
                          if changed since last report)

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

                APPLICABLE  ONLY  TO ISSUERS INVOLVED IN BANKRUPTCY  PROCEEDINGS
DURING  THE  PRECEDING  FIVE  YEARS

Check  whether  the  registrant  filed  all documents and reports required to be
filed  by  Section 12, 13 or 15(d) of the Exchange Act after the distribution of
securities  under  a  plan  confirmed  by  a  court.  Yes   X     No

The  number of shares of common stock $.0001 par value, of the Registrant issued
and  outstanding  as  of  May  20,  2002  was  16,575,000.
<PAGE>

SECURITY INTELLIGENCE TECHNOLOGIES, Inc. f/k/a HIPSTYLE.COM, INC. AND SUBSIDIARY

                                   FORM 10QSB

                           PERIOD ENDED March 31,2002

                                     Index


Balance  sheets  as  of  March  31,  2002 and June 30, 2001             3

Statements  of  operations  for  the  three  and
  nine  months  ended  March  31,  2002  and  2001                      4

Statement  of  stockholders' equity (deficit)                           5

Statements  of  cash  flows  operations  for  the
   nine  months  ended  March  31,  2002  and  2001                     6

Notes  to  financial  statements                                        7 - 9

Item  2.  Management's  Discussion  and
Analysis  of  Financial  Condition  and
Results  of  Operations.                                                10 - 11

PART  II  -  OTHER  INFORMATION                                         12 - 13

Signatures                                                              14


<PAGE>
       SECURITY  INTELLIGENCE TECHNOLOGIES, Inc. F/K/A HIPSTLYE.COM, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                                 BALANCE SHEETS
<TABLE>
<CAPTION>
                                                                             (Unaudited)
                                                                               March 31,    June 30,
ASSETS                                                                           2002         2001
                                                                              -----------  ----------
<S>                                                                               <C>          <C>
CURRENT ASSETS:
   Cash                                                                       $        -   $     275
   Prepaid expenses                                                                  347           -
                                                                              -----------  ----------

   Total current assets                                                              347         275
                                                                              -----------  ----------

TOTAL ASSETS                                                                  $      347   $     275
                                                                              ===========  ==========

LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES:

  Accounts payable & accrued expenses                                         $   72,331   $  21,474
  Loans and advances payable - related party                                         500         500
  Notes payable - related party                                                    9,666       6,000
                                                                              -----------  ----------
Total current liabilities                                                         82,497      27,974
                                                                              -----------  ----------

STOCKHOLDERS' DEFICIT:
  Common stock, par value $.0001 per share; 100,000,000 shares authorized;
   4,600,000 shares issued and outstanding at March 31, 2002,
   and June 30, 2001                                                                 460         460
  Additional paid-in capital                                                     119,740     119,740
  Deficit accumulated during the development stage                              (202,350)   (147,899)
                                                                              -----------  ----------

Total stockholders' deficit                                                      (82,150)    (27,699)
                                                                              -----------  ----------

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT                                    $      347   $     275
                                                                              ===========  ==========


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


                                      (3)
</TABLE>
<PAGE>

       SECURITY  INTELLIGENCE TECHNOLOGIES, Inc. F/K/A HIPSTLYE.COM, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                            STATEMENTS OF OPERATIONS
                                   (UNAUDITED)
<TABLE>
<CAPTION>
                                                                                                For the Period
                                                                                                June 22, 1999
                                        Three Months Ended            Nine Months Ended        (Inception) to
                                              March 31,                    March 31,               March 31,
                                      ------------------------     ------------------------
                                        2002         2001             2002         2001              2002
                                      -----------  -----------     -----------  -----------     --------------
<S>                                     <C>          <C>                <C>          <C>            <C>

 DEVELOPMENT STAGE REVENUES           $        -   $        -       $       -    $      -       $      -
                                      -----------  -----------     -----------  -----------     --------------

DEVELOPMENT STAGE EXPENSES:
  Amortization                                 -            -               -        1,357         1,807
  Consulting Fees                              -            -               -            -        10,200
  Accounting                               3,068        2,500          13,479       10,500        38,982
  Bank charges                                52           15             179          105           474
  Dues & subscription                        970            -           1,045           55         1,338
  Licenses and taxes                           -           50             450          494         2,123
  Office expenses                          6,000        6,000          18,000       18,315        42,000
  On-line services                           135          135             450          360           945
  Legal fees                               8,216        7,603          15,406       15,038        40,562
  Postage                                      -            -               -          179           267
  Printing                                     -            -               -            -           315
  Transfer agent fees                      1,906            -           3,934            -         6,255
  Website development fees                     -            -               -       25,328        52,485
  Travel                                   1,097        1,306           1,149        2,987         4,137
                                      -----------  -----------      -----------  -----------  -----------

TOTAL DEVELOPMENT STAGE EXPENSES          21,444       17,609          54,092       74,718       201,890
                                      -----------  -----------      -----------  -----------  -----------

LOSS FROM OPERATIONS                     (21,444)     (17,609)        (54,092)     (74,718)     (201,890)

INTEREST EXPENSE                               -            -             359            -           460
                                      -----------  -----------      -----------  -----------   ----------

NET LOSS                              $  (21,444)  $  (17,609)       $(54,451)    $(74,718)    $(202,350)
                                      ===========  ===========      ===========   ==========   ==========


LOSS PER COMMON SHARE                 $  (0.0047)  $  (0.0041)       $(0.0118)    $(0.0173)
                                      ===========  ===========      ===========   ==========

Weighted-average common
 shares outstanding                    4,600,000    4,308,511        4,600,000    4,308,511
                                      ===========  ===========      ===========   ==========


   The accompanying notes are an integral part of these financial statements.
</TABLE>
                                      (4)

<PAGE>
        SECURITY  INTELLIGENCE TECHNOLOGIES, INC. F/K/A HIPSTLYE.COM, INC.
                          (A DEVELOPMENT STAGE COMPANY)
             STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT)
                                   (UNAUDITED)
<TABLE>
<CAPTION>
                                                                                            Deficit
                                                                                            Accumulated
                                                                                 Additional During The
                                                                                 Paid-in    Development
                                                              Shares    Amount   Capital      Stage       Total
                                                             ---------  -------  ---------  ----------  ---------
<S>                                                            <C>        <C>      <C>        <C>         <C>
Balance at June 22, 1999 (Date of inception)                         -  $     -  $      -   $       -   $      -

Common stock issued for consulting services                  4,000,000      400      (200)          -        200

Deficit accumulated during the development stage for the
    period June 22, 1999 (inception) through June 30, 1999           -        -         -        (200)      (200)
                                                             ---------  -------  ---------  ----------  ---------

Balance at June 30, 1999                                     4,000,000      400      (200)       (200)         -

Common stock issued for consulting services                     50,000        5     9,995           -     10,000

Deficit accumulated during the development stage
 for the year ended June 30, 2000                                    -        -         -     (56,397)   (56,397)
                                                             ---------  -------  ---------  ----------  ---------

Balance at June 30, 2000                                     4,050,000      405     9,795     (56,597)   (46,397)

Common stock issued to third parties in private offering       550,000       55   109,945                110,000

Deficit accumulated during the development stage
 for the year ended June 30, 2001                                                             (91,302)   (91,302)
                                                             ---------  -------  ---------  ----------  ---------


Balance at June 30, 2001                                     4,600,000      460   119,740    (147,899)   (27,699)

Deficit accumulated during the development stage
for the nine months ended March 31, 2002                                                      (54,451)   (54,451)
                                                             ---------  -------  ---------  ----------  ---------

Balance at March 31, 2002                                    4,600,000  $   460  $119,740   $(202,350)  $(82,150)
                                                             =========  =======  =========  ==========  =========

</TABLE>


    The accompanying notes are an integral part of these financial statements

                                       (5)
<PAGE>
       SECURITY  INTELLIGENCE TECHNOLOGIES, Inc. F/K/A HIPSTLYE.COM, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                             STATEMENT OF CASH FLOWS
                                  (UNAUDITED)
<TABLE>
<CAPTION>

                                                                                For the Period
                                                          Nine Months Ended     June 22, 1999
                                                             March 31,          (Inception) to
                                                      -------------------------    March 31,
                                                         2002          2001          2002
                                                      -----------   -----------  ------------
<S>                                                         <C>        <C>           <C>
Cash Flows from Operating Activities:
  Net loss                                             $ (54,451)    $ (74,718)   $  (202,350)

  Adjustments to reconcile net loss to
  net cash used in operating activities:
   Amortization                                              -           1,357          1,807
    Writeoff of website                                      -          25,328         25,328
    Stock based expense                                      -               -         10,200
 Changes in assets and liabilities:
     (Increase) in prepaid expenses                         (347)                        (347)
     Increase (Decrease) in accounts payable
       and accrued expenses                               50,857       (58,666)        72,331
     Increase (Decrease) in notes payable
       to and advances from related party                  3,666        (1,988)        10,166
                                                        -----------  -----------  ------------
              Net cash used in operating activities        (275)      (108,687)       (82,865)
                                                        -----------  -----------  ------------
Cash Flows from (Used In) Investing Activities
  Purchase of Website                                         -              -        (27,135)
                                                        -----------  -----------  ------------

              Net cash (used in) investing activities         -              -        (27,135)
                                                        -----------  -----------  ------------

Cash Flow from Financing Activities
     Proceeds from issuance of common stock                   -        110,000        110,000
                                                        -----------  ------------  -----------
     Net cash provided by financing activities                -        110,000        110,000
                                                        -----------  ------------  -----------
(decrease) increase in cash                                 (275)        1,313              -

Cash - beginning of period                                   275            55              -
                                                        -----------  -----------   -----------
Cash - end of period                                    $     -      $   1,368     $        -
                                                                              =======   =======   =======

SUPPLEMENTAL  DISCLOSURES  OF  CASH  FLOW  INFORMATION:

During  the  nine  months  ended March 31, 2002 and 2001, and for the cumulative
period June 22, 1999 (date of inception) through March 31, 2002, the Company did
not  pay  and  interest.


SUPPLEMENTAL  SCHEDULE  OF  NON-CASH  INVESTING  AND  FINANCING  ACTIVITIES

The  Company  entered  into  the  following  non-cash  transactions:

On  June  22, 1999, (date of inception), the Company issued 4,000,000 post-split
(see  note  1)  restricted shares of common stock in consideration of consulting
services  valued  at  $200.

On  May 30, 2000, the Company issued 50,000 restricted shares of common stock in
exchange  for  consulting  services  valued  at  $10,000.

On  September 30, 2000, the Company decided to write off the capitalized portion
of  its  website.

The  assets  net  value  at  the  time  of  impairment  was  $25,328.


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

</TABLE>

                                      (6)


<PAGE>

SECURITY INTELLIGENCE TECHNOLOGIES, Inc. f/k/a HIPSTYLE.COM, INC. AND SUBSIDIARY
                          (A DEVELOPMENT STAGE COMPANY)

                          NOTES TO FINANCIAL STATEMENTS

1.     ORGANIZATION

     Security  Intelligence  Technologies,  Inc. formerly known as Hipstyle.com,
Inc.,  ("the  Company")  was incorporated on June 22, 1999 under the laws of the
State  of  Florida.  The  Company  was  in  the  process  of designing a website
dedicated  to  bringing  together  designers of high fashion and beauty products
with  a  targeted  client  base.  The  Company's  goal  was  to provide links to
established  e-commerce  and catalog retail sites featuring designer apparel and
accessories,  as  well  as  fashion related services and content to its viewers.

     The  Company  was  a  wholly  owned  subsidiary  of  Intellilabs.com,  Inc.
("Intellilabs"),  formerly  known  as Quentin Road Productions, Inc., a publicly
traded  company  listed  on  the OTC Electronic Bulletin Board (OTCBB:QRPI) from
inception until March 1, 2000.  It was spun-off by Intellilabs on March 1, 2000.
Upon  such  spin-off,  shareholders  of  Intellilabs received 1.31 shares of the
Company for each share of Intellilabs owned as of March 1, 2000.  As a result of
the spin-off, Atlas Equity Group, Inc., a related party, the beneficial owner of
which  is Michael D. Farkas, became a majority shareholder in the Company owning
approximately 57% of the outstanding shares. Until April 17, 2002, the principal
office  was  located  at  1221  Brickell  Avenue,  Suite  900,  Miami, FL 33131.

     On  May  24,  2000,  the  Company  formed  its  wholly-owned  subsidiary
Hipstyle.com,  Inc.  ("Hipstyle  Delaware")  under  the  laws  of  the  state of
Delaware.  Hipstyle  Delaware  did not have any significant activity as of March
31,  2002.

     On  March  26,  2002, the Company changed its name to Security Intelligence
Technologies,  Inc.

2.     BASIS  OF  PRESENTATION

     The  financial  statements  have  been  prepared  by  the  Company  and are
unaudited.  The  financial  statements have been prepared in accordance with the
instructions  for  Form  10-QSB  and,  therefore  do not necessarily include all
information  and footnotes required by generally accepted accounting principles.
In  the  opinion  of the Company, all adjustments (all of which were of a normal
recurring  nature) necessary to present fairly the Company's financial position,
results  of  operations  and cash flows as of March 31, 2002 and for all periods
presented  have  been  made.  A description of the Company's accounting policies
and  other  financial  information  is  included  in  its  June 30, 2001 audited
financial  statements  filed  on Form 10-KSB.  The results of operations for the
quarter  and  nine  month  periods  ended  March  31,  2002  are not necessarily
indicative  of  the  results  expected  for  the  full  year.

3.     NET  LOSS  PER  COMMON  SHARE

     Net  loss  per  common  share  was  determined  by dividing net loss by the
weighted  average  number  of  common  shares  outstanding.


                                       (7)
<PAGE>
SECURITY INTELLIGENCE TECHNOLOGIES, Inc. f/k/a HIPSTYLE.COM, INC. AND SUBSIDIARY
                          (A DEVELOPMENT STAGE COMPANY)

                          NOTES TO FINANCIAL STATEMENTS

4.     SUBSEQUENT  EVENTS

     As of February 28, 2002, Security Intelligence Technologies, Inc. (formerly
known  as  HipStyle.Com,  Inc.),  a  Florida  corporation  (the  "Company"), CCS
International,  Ltd.,  a  Delaware corporation ("CCS"), and CCS Acquisition Co.,
a  Delaware  corporation  ("MergerSub"),  entered  into an Agreement and Plan of
Merger, as amended (the "Merger Agreement"), pursuant to which on April 17, 2002
(the "Effective Date"), MergerSub was merged with and into CCS (the "Merger") on
a  tax-free  basis  to stockholders, and CCS became a wholly owned subsidiary of
the  Company.

     On the Effective Date, the holders of Series A Convertible Preferred Stock,
Series  B Convertible Preferred Stock and Common Stock of CCS received one share
of  the  Company's  Series  A  Convertible Stock, Series B Convertible Preferred
Stock  and Common Stock, for each outstanding share of such security of CCS held
thereby.  Additionally,  the  1,905,000  stock  options and 400,000 common stock
purchase  warrants  issued  by CCS were exchanged for an equal number of options
and  warrants  of  the  Company.  Specifically,  the  Company  issued  to  the
stockholders of CCS an aggregate of 11,900,000 shares of Common Stock, 3,500,000
shares  of  Series  A Preferred Stock and 1,500,000 shares of Series B Preferred
Stock.

     Immediately  prior  to  the consummation of the Merger, Atlas Equity Group,
Inc.  beneficially  owned  2,575,000  shares  of Common Stock, or 55.98 % of the
shares  of  Common  Stock outstanding. Following the consummation of the Merger,
Ben  Jamil,  the  principal  stockholder  and  founder of CCS beneficially owned
11,900,000  shares or approximately 72% of the 16,575,000 shares of Common Stock
outstanding.  The  transaction  has  been  effected  on  a  tax-free  basis  to
stockholders  and  will  be  accounted  for  as  a reverse merger using purchase
accounting  whereby  CCS will be treated as the continuing reporting entity that
acquired  the  Company.  CCS  has  a  June  30  fiscal  year  end.

     In  addition,  Rebecca  Farkas,  the  Company's  President,  Secretary  and
Treasurer  and Michelle Brock, the Company's Vice President, each resigned as an
officer and director of the Company as of the Effective Date.  Upon consummation
of  the  Merger, Ben Jamil, Menachem Cohen, Tom Felice, Sylvain Naar and Nomi Om
each of whom are officers of CCS joined the Company's Board of Directors and (i)
Mr.  Jamil became the Company's President, Chief Executive Officer, and Chairman
of  the  Board;  (ii)  Mr.  Cohen  became  the Company's Vice President of Latin
American Sales; (iii) Tom Felice became the Company's Vice President of Consumer
and  Corporate  Sales  and Chief Operating Officer; (iv) Sylvain Naar became the
Company's  Vice  President  for Business Development; and (v) Nomi Om became the
Company's  Vice  President  of  International  Marketing  and  director  of  the
Company's  Asian  Market.

     In  connection with the closing of the Merger and in lieu of the closing by
the  Company  of  a  private  placement  of  its  securities generating net cash
proceeds  of  at  least  $1,000,000,  the  Company  entered  into a stock pledge
agreement  ("Pledge  Agreement")  with  Atlas  Equity  Group,  Inc.,  a  Florida
corporation  and  stockholder of the Company ("Atlas Equity"), pursuant to which
Atlas  Equity  pledged  1,500,000  shares  of  common  stock of the Company (the
"Pledged  Shares").  During  the  term  of the Pledge Agreement, Atlas Equity is
entitled  to  vote  the  Pledged Shares, but may not grant any proxy or right to
vote  the  Pledged  Shares  to  any third party. The Pledged Shares shall remain

                                       (8)
<PAGE>
SECURITY INTELLIGENCE TECHNOLOGIES, Inc. f/k/a HIPSTYLE.COM, INC. AND SUBSIDIARY
                          (A DEVELOPMENT STAGE COMPANY)

                          NOTES TO FINANCIAL STATEMENTS

4.     SUBSEQUENT  EVENTS  (continued)

subject  to  the  Pledge  Agreement  until  the  Company  sells  shares  of  its
unregistered  common stock sufficient to generate total net cash proceeds to the
Company prior to June 1, 2002 of not less than $925,000 (the "Target Proceeds").
In  the  event that it is necessary for the Company to issue an aggregate number
of  shares  of  its  Common Stock in excess of 575,000 shares (the "Target Share
Amount")  to  investors in order to receive the Target Proceeds, the Company has
been  authorized  by  Atlas Equity to cancel a number of Pledged Shares equal to
the difference between the actual number of shares issued by the Company and the
Target  Share Amount. In the event that it is necessary for the Company to issue
an  aggregate  number of shares of its Common Stock that is less than the Target
Share  Amount  to  the  investors  in  order to receive the Target Proceeds, the
Company  has  agreed  to  issue to Atlas Equity a number of shares of its Common
Stock  equal to the difference between the actual number of shares issued by the
Company  and  the  Target Share Amount. With respect to each closing between the
Company  and  an  investor,  the  Company  agreed to release a number of Pledged
Shares  to  Atlas  Equity based upon the total percentage of the Target Proceeds
received  by  the Company prior to June 1, 2002. The Pledge Agreement terminates
on  the  earlier  of (i) June 1, 2002 (the "Termination Date"), (ii) the date on
which  the  Target  Proceeds  are  received by the Company, or (iii) the date on
which the Company rejects a ready, willing and able investor that has offered to
purchase  shares of the Company's Common Stock sufficient to generate the Target
Proceeds  and  on  terms  and  conditions  satisfactory  to  the  Company.

     CCS is a developer, manufacturer and marketer of leading edge solutions for
surveillance,  counter-surveillance,  countermeasure  and  personal  and  home
security.  Private  citizens,  corporations,  law  enforcement  agencies  and
governmental  agencies  use  CCS's  products  and  services.  CCS specializes in
anti-bugging,  anti-wiretapping, covert video & closed circuit TV, night vision,
digital  lie-detection,  scramblers,  encryption  systems,  bullet-resistant
clothing, armored vehicles, GPS and RF tracking, cellular monitoring systems and
security  seminars.

     After  identifying  the  need  for  security related products, CCS designs,
manufactures  and  markets  advanced  proprietary  systems worldwide through its
wholesale  division  to  governments  and  corporations  and its CounterSpy Shop
retail  stores, showrooms and offices located in New York, Miami, Beverly Hills,
Washington  DC,  Hong  Kong,  Mexico  City,  Israel  and  London.


                                       (9)
<PAGE>
SECURITY INTELLIGENCE TECHNOLOGIES, Inc. f/k/a HIPSTYLE.COM, INC. AND SUBSIDIARY
                          (A DEVELOPMENT STAGE COMPANY)

Item  2.  Management's  Discussion  and  Analysis

     EXCEPT  FOR  THE  HISTORICAL  INFORMATION  CONTAINED  HEREIN,  THE  MATTERS
DSISCUSSED  IN  THIS REPORT ARE FORWARD LOOKING STATEMENTS THAT INVOLVE RISK AND
UNCERTAINITIES  THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY, INCLUDING,
WITHOUT  LIMITATION,  RISKS  ASSOCIATED  WITH THE COMPANY'S ABILITY TO SUCESSFUL
INTEGRATE  ITS  ACQUISTION,  (See  Subsequent  Events  Footnote to the Financial
Statements),  MANAGEMENT  OF  QUARTER  TO  QUARTER  RESULTS,  AND  INCREASES  IN
OPERATING COSTS.  THESE RISKS ARE SET FORTH IN THE "RISK FACTORS" SECTION OF THE
PROSPECTUS  PORTION  OF  THE  COMPANY'S FORM SB-2 REGISTRATION STATEMENT AND THE
"RISK  FACTORS"  SECTION  CONTAINED  HEREIN.  UPDATED  INFORMATION  WILL  BE
PERIODICALLY  PROVIDED  BY THE COMPANY AS REQUIRED BY THE SECURITIES ACT OF 1933
AND  THE  SECURITIES EXCHANGE ACT OF 1934. THE FOLLOWING DISCUSSION AND ANALYSIS
SHOULD  BE READ IN CONJUNCTION WITH THE COMPANY'S FINANCIAL STATEMENTS AND NOTES
HERETO.  THE DISCUSSION OF RESULTS, CAUSES AND TRENDS SHOULD NOT BE CONSTRUED TO
IMPLY  ANY  CONCLUSION  THAT SUCH RESULTS OR TRENDS WILL NECESSARILY CONTINUE IN
THE  FUTURE.

OVERVIEW

The  Company  has generated no revenue since inception. The Company's operations
have  been  devoted  primarily to developing a business plan and raising capital
for  future operations and administrative functions. The Company intends to grow
through  internal development, strategic alliances, and acquisitions of existing
businesses.  (See  Subsequent  Events  Footnote  to  the  Financial Statements).

Results  of  Operations  -  Three  Months  Ended  March  31,  2002  and  2001

Development  stage  expenses  during  the three months ended March 31, 2002 were
$21,444  as  compared  to  17,609  for  the three months ended March 31, 2001 an
increase  of $3,835 or 21.8%.  This increase was primarily due to an increase in
dues  and  subscriptions  of  $970,  and  an  increase in transfer agent fees of
$1,097.

Results  of  Operations  -  Nine  Months  Ended  March  31,  2002  and  2001

     Development stage expenses during the nine months ended March 31, 2002 were
$54,092  as  compared  to  74,718  for  the  nine  months ended March 31, 2001 a
decrease  of $20,626 or 27.6%.  This decrease was primarily due to a decrease in
Website development fees of $25,328, offset by an increase in accounting fees of
$2,979.



                                      (10)
<PAGE>
SECURITY INTELLIGENCE TECHNOLOGIES, Inc. f/k/a HIPSTYLE.COM, INC. AND SUBSIDIARY
                          (A DEVELOPMENT STAGE COMPANY)


Liquidity  and  Capital  Resources

Despite  capital  contributions  and  both related party loans, the company from
time  to time experienced, and continues to experience, cash flow shortages that
have  slowed  the  Company's  growth.

The Company has primarily financed its activities from sales of capital stock of
the  Company  and  from loans from related parties. A significant portion of the
funds  raised  from  the  sale  of  capital stock has been used to cover working
capital  needs  such  as  office  expenses  and  various  consulting  fees.

The  Company  incurred  a  net  loss for the nine months ended March 31, 2002 of
$21,444  and  has  incurred  accumulated  losses  of  $202,350  since inception.

The  Company  continues  to experience cash flow shortages, and anticipates this
continuing  through  the foreseeable future. Management believes that additional
funding  will  be  necessary in order for it to continue as a going concern. The
Company  is investigating several forms of private debt and/or equity financing,
although  there  can  be  no  assurances  that the Company will be successful in
procuring such financing or that it will be available on terms acceptable to the
Company.









                                      (11)

<PAGE>
                          PART II. - OTHER INFORMATION

ITEM  1.  LEGAL  PROCEEDINGS.

Except  as  set  forth below, no material legal proceedings are pending to which
the  Company  or  any  of  its  property  is  subject.

Other  Actions
--------------

     On  or  about  May  11,  2000 an action was commenced against the Company's
wholly  owned  subsidiary, CCS International, Ltd. ("CCS") in the Supreme Court,
New  York  County,  captioned  Ergonomic  Systems  Phillipines  Inc.  v.  CCS
International  Ltd.  The  plaintiff  brought this action to, among other things,
recover  certain  monies  which were allegedly paid thereby to CCS in connection
with  a distributorship agreement between the parties. The plaintiff is claiming
damages  in  the  amount  of  $81,400,  together  with  interest,  costs  and
disbursements.  CCS  has  denied  the  material allegations of the claim and has
raised  affirmative  defenses  thereto.

     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 brought this action to recover
certain  monies  which  were  allegedly paid thereby to CCS in connection with a
distributorship agreement between the parties. The plaintiff is claiming damages
in  the  amount  to  $91,500  plus  interest,  costs,  expenses  and  reasonable
attorney's  fees.  CCS  has  denied  the material allegations of the plaintiff's
claim  and  has  raised affirmative defenses thereto. On or about July 18, 2001,
CCS  asserted  a  counterclaim  seeking  damages  in  the  approximate amount of
$500,000  based  upon  the  plaintiff's  alleged  breach  of  the  parties'
distributorship  agreement.



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<PAGE>

     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  C. Ltd. and USA International Business Connections Corp. v.
CCS  International  Ltd.  The  plaintiff  brought this action to recover certain
monies  which  were  allegedly  paid  thereby  to  CCS  in  connection  with  a
distributorship agreement between the parties. The plaintiff is claiming damages
in  the  amount  to  $250,000 in compensatory damages and $5,000,000 in punitive
damages.  CCS  has  denied the material allegations of the plaintiff's claim and
has  raised  affirmative  defenses thereto. On November 26, 2001, CCS 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.

     On  or about June 10, 1998, an action was commenced in Southern District of
New  York, for copyright infringement captioned Ross v. CCS International Ltd.
CCS believes that it has substantial defenses to the  claim  asserted  in  the
lawsuit.







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<PAGE>

Item  2.  CHANGES  IN  SECURITIES  AND  USE  OF  PROCEEDS

     Not  applicable

Item  3.  DEFAULTS  UPON  SENIOR  SECURITIES

     Not  applicable

Item  4.  SUBMISSION  OF  MATTERS  TO  VOTE  OF  SECURITY  HOLDERS

     Not  applicable

Item  5.  OTHER  INFORMATION

Item  6.  EXHIBITS  AND  REPORTS  OF  FORM  8K

     1.  Report on Form 8-K filed with the Securities and Exchange Commission on
March  5,  2002  with  respect  to  Items  5  and  7.

     2.  Report on Form 8-K filed with the Securities and Exchange Commission on
March  26,  2002  with  respect  to  Items  5  and  7.

                                   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,  this  20th  day  of  May  2002.


                                  SECURITY  INTELLIGENCE  TECHNOLOGIES,  INC.


                                   By:  /s/   Ben  Jamil
                                        ----------------
                                   Name:   Ben  Jamil
                                   Title:  Chief  Executive  Officer




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