**U.S.
      SECURITIES AND EXCHANGE COMMISSION**


Washington,
      D.C. 20549


**__________________________________**


**FORM
      10-KSB/A**


____________________________________


(Mark
      One)




[X]
              ANNUAL
                  REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
                  ACT OF
                  1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2004.


OR


[  
              ]
            TRANSITION
                REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
                ACT OF
                1934 FOR THE TRANSITION PERIOD FROM ____ TO _____





COMMISSION
      FILE NUMBER: 000-28083





**TANKLESS
      SYSTEMS WORLDWIDE, INC.**


(Exact
      name of registrant as specified in its charter)





**NEVADA**
              (State
                or other jurisdiction ofincorporation
                or organization)
            **88-0362112******
              (I.R.S.
                Employer Identification No.)





7650
      E. Evans Rd., Suite C, Scottsdale Arizona  85260


(Address
      of principal executive offices) (Zip Code)





Registrant's
      telephone number: (480)
      609-7575





Elution
      Technologies, Inc.


2920
      E. Camelback Rd., Suite 190, Phoenix, AZ 85016


(Former
      Name and Address)





Securities
      registered pursuant to Section 12(b) of the Act: None





Securities
      registered pursuant to Section 12(g) of the Act:


Common
      Stock, $0.001 Par Value








Indicate
      by check mark whether the registrant (1) has filed all reports required to
      be
      filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
      the
      preceding 12 months (or for such shorter period that the Registrant was required
      to file such reports), and (2) been subject to such filing requirements for
      the
      past 90 days. Yes [X]  No [ ]





Indicate
      by check mark if disclosure of delinquent filers pursuant to Item 405 of
      Regulation S-K is not contained herein, and will not be contained, to the best
      of Registrant's knowledge, in definitive proxy or information statements
      incorporated by reference in Part III of this Form 10-KSB or any amendment
      to
      this Form 10-KSB [ ].





The
      Registrant had revenues for the fiscal year ended on December 31, 2004 in the
      amount of $ 205,891.





The
      aggregate market value of the voting stock held by non-affiliates of the
      Registrant as of April 29, 2005: Common Stock, par value $0.001 per share -
      $10,083,663.  As of April 29, 2005, the Registrant had 13,267,977 shares of
      common stock issued and outstanding.




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**Explanatory
      Note:** This
      Form 10-KSB/A amends Item 7, Financial Statements, and Item 8A, Internal
      Controls, with respect to disclosures relating to internal controls, the
      accounting treatment of the reverse merger, a subsidiary’s bankruptcy filing and
      certain footnotes to the financial statements filed with our Annual Reports
      on
      Form 10-KSB filed with the Securities and Exchange Commission for both 2004
      and
      2003 filed on May 2, 2005 (the “Original 2004 Form 10-KSB) and on April 22, 2004
      (the “Original 2003 Form 10-KSB”) (collectively, the “Original Form 10-K’s”).
      This filing includes a revised report of our independent registered public
      accounting firm with respect to those financial statements. As a result of
      these
      changes, the Section 302 and Section 906 certifications filed as exhibits to
      the
      Original Form 10-KSB have been re-executed as of the date of this Form
      10-KSB/A.





Except
      for the aforementioned amendments, this Form 10-KSB/A does not modify or update
      other disclosures in the Original Form 10-KSB, including the nature and
      character of such disclosures, to reflect events occurring, or items discovered,
      after the original filing date of the Original Form 10-Ks. This filing
      supersedes any statements in the Original 10-Ks that are inconsistent with
      this
      filing. Moreover, this Form 10-KSB/A should be read in conjunction with the
      Company’s filings made with the Securities and Exchange Commission subsequent to
      the original filing date of the Original Form 10-Ks, including any amendments
      to
      those filings. We have not updated any forward-looking statements previously
      included in the Original Form 10-Ks, except as noted in this
      filing.






**PART
      II**





**ITEM
      7. FINANCIAL STATEMENTS**





See
      Annex
      A attached to this filing and incorporated in this filing by
      reference.





**ITEM
      8A.  CONTROLS AND PROCEDURES**





**(a)**
            **Evaluation
                of disclosure controls and
                procedures**





Our
      Chief
      Executive Officer and Chief Financial Officer, based on the evaluation of our
      disclosure controls and procedures has concluded that, as of December 31, 2004,
      our disclosure controls and procedures were ineffective to ensure that the
      information we were required to disclose in reports that we file or submit
      under
      the Securities and Exchange Act of 1934 is recorded, processed, summarized
      and
      reported within the time periods specified in Securities and Exchange Commission
      rules and forms. More specifically, the company identified a material weakness
      due to a lack of sufficient personnel with appropriate knowledge in U.S. GAAP
      and lack of sufficient analysis and documentation of the application of U.S.
      GAAP to transactions, including but not limited to equity transactions.
      Management plans to identify an appropriate service provider to eliminate this
      material weakness. During the year ended December 31, 2004, there was no change
      in our internal control over financial reporting identified in connection with
      the evaluation that has materially affected, or is reasonably likely to
      materially affect, our internal control over financial reporting.




**(b)**
            **Internal
                Control Over Financial
                Reporting**





As
      of December
      31, 2004 , the
      Company had a
      deficiency in internal controls over the application of current US GAAP
      principles. Specifically, an effective review of the Balance Sheet was not
      performed. As a result of the ineffective review, errors in the year-end 2004
      were not detected prior to the issuance of the annual 2004 consolidated
      financial statements. This control deficiency resulted in the restatement of
      our
      annual 2004 consolidated financial statements as described in Note 14.
      Management has concluded that this control deficiency constitutes a material
      weakness.





**(c)**
            **Management
                Remediation Plan.**





We
      have
      undertaken remedial action to address and correct the weakness in our internal
      controls and disclosure controls identified subsequent to the end of 2004.
      These
      actions include adopting an adequate review of the annual and quarterly
      financial statements, engaging qualified personnel to prepare the statements
      and
      insuring that the personnel receive continuing professional educational related
      specifically to US GAAP. These actions were put in place during the quarter
      beginning January, 2006.







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**PART
      IV**





**Item
      13.**   **EXHIBITS**





23.1
            Consent
                of Moore & Associates dated June 9,
                2006.





31.1
            Certification
                of Chief Executive Officer and Principal Accounting Officer pursuant
                to
                SEC Rule 13a-14(a).





32.1
            Certification
                of Chief Executive Officer and Principal Accounting Officer pursuant
                to 18
                USC § 1350 .





99.1
            Restated
                Financial Statements of Tankless Systems Worldwide, Inc. as of December
                31, 2004 and for the twelve months then
                ended.





**SIGNATURES**





In
      accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused
      this report to be signed on its behalf by the undersigned, thereunto duly
      authorized.





June
      12,
      2006





SKYE
      INTERNATIONAL, INC.





/s/
      Thomas Kreitzer


Thomas
      Kreitzer


President
      and Chief Executive Officer


and
      Principal Accounting Officer







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