UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   Form 10-QSB


(Mark One)
[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 Or 15(d) OF THE
     SECURITIES EXCHANGE ACT OF 1934

          For the Quarterly Period Ended June 30, 1999

                                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 33-36670


                       HIDENET SECURE ARCHITECTURES, INC.
             (Exact name of registrant as specified in its charter)


             New Jersey                                  22-3061278
(State or other jurisdiction of             (I.R.S. Employer Identification No.)
incorporation or organization)



103 Medinat Hayehudim Street, POB 837, Herzliya Israel               46733
     (Address of principal executive offices)                     (Zip Code)

                               011-972-9-957-9795
              (Registrant's telephone number, including area code)


    Savin Electronics Inc., c/o Gary Wolff, P.C. 747 Third Ave., NY, NY 10017
              (Former name, former address and former fiscal year,
                         if changed since last report)


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) has been subject to such filing requirements
for the past 90 days.   __ Yes X No

Indicate the number of shares outstanding of each of the issuer's
classes of common stock, as of the latest practicable date.

     Common Stock, $.025 par value,  4,059,600 shares outstanding as of November
     1, 1999.

Traditional Small Business Disclosure Format (check one):     X Yes    No
<PAGE>

                 HIDENET SECURE ARCHITECTURES, INC
            (formerly known as Savin Electronics Inc.)


                               INDEX



                                                                 Page

Part I.  Financial Information

     Item 1.    Balance Sheets
                Statements of Operations
                Statements of Cash Flows
                Notes to Financial Statements

     Item 2.    Management's Discussion and Analysis or Plan of
                Operation

Part II.  Other Information

     Item 1.    Legal Proceedings

     Item 2.    Changes in Securities

     Item 3.    Defaults upon Senior Securities

     Item 4.    Submission of Matters to a Vote of Security-Holders

     Item 5.    Other information

     Item 6.    Exhibits and Reports on Form 8-K

<PAGE>

                        HIDENET SECURE ARCHITECTURES INC.

                       (FORMERLY: SAVIN ELECTRONICS INC.)


                          INTERIM FINANCIAL STATEMENTS

                               AS OF JUNE 30, 1999


                                 IN U.S. DOLLARS


                                    UNAUDITED




                                      INDEX




                                                                          Page

Balance Sheets                                                              2

Statements of Operations                                                    3

Statements of Cash Flows                                                    4

Notes to Financial Statements                                             5 - 6





<PAGE>

                                               HIDENET SECURE ARCHITECTURES INC.
                                              (Formerly: Savin Electronics Inc.)
BALANCE SHEETS
--------------------------------------------------------------------------------
                                                                 In U.S. dollars

<TABLE>
<CAPTION>

                                                 June 30,     December 31,
                                                   1999          1998
                                                ---------     ----------
                                                Unaudited       Audited
                                                ---------     ----------
<S>                                                   <C>           <C>
   ASSETS

INVESTMENT IN A SUBSIDIARY .................            1             1
                                               ----------    ----------
                                                        1             1
                                               ==========    ==========

   LIABILITIES AND SHAREHOLDERS' DEFICIENCY

CURRENT LIABILITIES:
Accounts payable and accrued liabilities ...       58,877        58,877
Loan payable - officer .....................        8,035         7,835
                                               ----------    ----------
Total current liabilities ..................       66,912        66,712
                                               ----------    ----------

SHAREHOLDERS' DEFICIENCY:
Common stock - $ 0.025 par value:
       Authorized: 15,000,000 shares;
       Issued and outstanding: 59,600 shares        1,490         1,490
Additional paid-in capital .................      943,916       943,916
Accumulated deficit ........................   (1,012,317)   (1,012,117)
                                               ----------    ----------
Total shareholders' deficiency .............      (66,911)      (66,711)
                                               ----------    ----------

                                                        1             1
                                               ==========    ==========
</TABLE>






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


<PAGE>

                                               HIDENET SECURE ARCHITECTURES INC.
                                              (Formerly: Savin Electronics Inc.)
STATEMENTS OF OPERATIONS
--------------------------------------------------------------------------------
                                                                 In U.S. dollars



<TABLE>
<CAPTION>

                                      Three months ended    Six months ended
                                           June 30,              June 30,
                                    -------------------    -----------------
                                        1999      1998       1999       1998
                                    ---------   -------    -------    -------
                                                       Unaudited
                                    -------------------------------------------

<S>                                      <C>        <C>        <C>        <C>
Cost and expenses:
  General and administrative ....        200       --          200      2,415
                                    --------   --------   --------   --------

Net loss ........................        200       --          200      2,415
                                    ========   ========   ========   ========

Basic and diluted net ...........       --         --         --         0.07
loss per share ..................   ========   ========   ========    =======

Weighted average number
of shares outstanding ...........     59,600     32,600     59,600     32,600
                                    ========   ========   ========   ========
</TABLE>






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

<PAGE>

                                               HIDENET SECURE ARCHITECTURES INC.
                                              (Formerly: Savin Electronics Inc.)
STATEMENTS OF CASH FLOWS
--------------------------------------------------------------------------------
                                                                 In U.S. dollars




<TABLE>
<CAPTION>

                                                       Six months ended
                                                            June 30,
                                                   ----------------------
                                                     1999          1998
                                                          Unaudited

<S>                                                    <C>           <C>
Cash flows from operating activities:
Net loss .......................................     (200)       (2,415)
Adjustments to reconcile loss to net cash
used in operating activities:
 Increase in accounts payable and accrued ......      200         2,415
 liabilities                                       ------        ------

Net cash used in operating activities ..........     --            --
                                                   ------        ------

Change in cash and cash equivalents ............     --            --
Cash and cash equivalents at the beginning .....     --            --
of the period                                      ------        ------

Cash and cash equivalents at the end of the ....     --            --
period                                             =========     ========
</TABLE>







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


<PAGE>

                                               HIDENET SECURE ARCHITECTURES INC.
                                              (Formerly: Savin Electronics Inc.)
NOTES TO FINANCIAL STATEMENTS
--------------------------------------------------------------------------------
                                                                 In U.S. dollars

     NOTE 1:-   GENERAL

          Basis of Presentation

          The accompanying  unaudited financial statements have been prepared by
          Hidenet  Secure  Architectures  Inc. in accordance  with the rules and
          regulations  of  the  Securities   and  Exchange   Commission.   These
          accompanying  financial  statements  reflect all adjustments which, in
          the opinion of management,  are necessary for a fair  presentation  of
          the financial  position and the results of operations  for the interim
          periods presented.  All such adjustments are of a normal and recurring
          nature.  The results of operations for the interim  periods  presented
          are not necessarily indicative of the results of future operations.

          Certain financial information, which is normally included in financial
          statements  prepared in accordance with generally accepted  accounting
          principles,  is not required for interim  reporting  purposes and, has
          accordingly  been  condensed or omitted.  The  accompanying  financial
          statements should be read in conjunction with the financial statements
          and notes  thereto  included in the  Company's  report,  filed on Form
          10-KSB for the year ended December 31, 1998.


     NOTE 2:-   INVESTMENT AGREEMENT

          In June 1999,  the Company  entered into an investment  agreement with
          several  inventors  ("Inventors") and a placement agent ("the Agent").
          Pursuant to the agreement,  the Inventors  assigned to the Company all
          of their rights, titles and interest in proprietary  technology in the
          field of network  data  security,  in exchange for the  allocation  of
          3,000,000 of the Company's shares. In addition,  the Agent will act as
          the exclusive  financial  consultant to raise capital in the aggregate
          of $ 600,000, in two stages:

          Stage  A - The  issuance  of  1,000,000  representing  24.6  % of  the
          Company's  outstanding  shares,  in  return  for  an  investment  of $
          100,000. (This stage took place in July 1999.)

          Stage B - The  issuance of 800,000  shares  representing  16.5% of the
          Company's outstanding shares, in return for an investment of $ 500,000
          within 180 days from the completion date of Stage A. This stage can be
          executed in portions that for each installment of $ 50,000 the Company
          will issue 80,000 shares of Common stock. As a  consideration  for the
          raising of capital,  the Agent will  receive $ 75,000 per year for one
          year,  for  consulting  services $ 10,000 for  expenses and 10% of the
          gross amounts raised from Investors introduced by the Agent.

          In addition, the Agent will receive options to purchase 500,000 Common
          stock of the Company,  at an exercise price of $ 0.125 per share.  The
          options are exercisable within three years from the completion date of
          Stage A.

<PAGE>

                                            HIDENET   SECURE  ARCHITECTURES INC.
                                              (Formerly: Savin Electronics Inc.)
NOTES TO FINANCIAL STATEMENTS
--------------------------------------------------------------------------------
                                                              In    U.S. dollars


          The agreement also states that the Company will establish a subsidiary
          in Israel. The subsidiary will engage in research and development. The
          Company  will  assign  and  transfer  to  the  subsidiary  all  of its
          intellectual  property and all funds raised by Stage A of  investment,
          net of the cost of  registration  of the shares.  The  subsidiary  was
          established in July 1999.

          In connection with acting as a consultant to the subsidiary, the Agent
          is entitled to 7% of the gross proceeds of any investment  made in the
          subsidiary, and Common stock of the subsidiary, representing 7% of the
          gross proceeds of an investment made in the subsidiary.


<PAGE>

Item 2. Management's Discussion and Analysis or Plan of Operation:

        Cautionary Statement for Forward-Looking Information

               Certain statements contained in this report, including statements
          regarding the anticipated  development of the Company's business,  the
          intent,  belief or current  expectations of the Company, its directors
          or its  officers,  primarily  with respect to the  performance  of the
          Company  and the  products  it expects  to offer and other  statements
          contained herein regarding  matters that are not historical facts, are
          "forward-looking"   statements  within  the  meaning  of  the  Private
          Securities  Litigation  Reform Act (the "Reform Act").  Future filings
          with the Securities and Exchange Commission, future press releases and
          future oral or written  statements made by or with the approval of the
          Company  which are not  statements  of  historical  fact,  may contain
          forward-looking   statements   under  the  Reform  Act.  Because  such
          statements include risks and uncertainties,  actual results may differ
          materially  from those  expressed  or implied by such  forward-looking
          statements.   Factors  that  could  cause  actual  results  to  differ
          materially  from those  expressed  or implied by such  forward-looking
          statements include, without limitation,  the failure of the Company to
          obtain additional  financing,  the failure of the Company to develop a
          product  which  is  marketable,  rapid  technological  changes  in the
          environment,  frequent  new  product  introductions  by  others in the
          industry with greater  resources than the Company,  competition in the
          marketplace  in which the  Company  decided  to operate  and  evolving
          industry  standards and customer  preferences in that market which are
          difficult  to predict.  Not only could the  Company  fail to produce a
          marketable  product,  but the  introduction of products  embodying new
          technologies and the emergence of new industry  standards could render
          the  Company's  product,  if it is  even  developed,  as  well  as any
          potential  new  products,  obsolete and  unmarketable.  Such  constant
          technological changes also make accurate market predictions difficult.
          The  Company's  results  depend in part upon its  ability to  attract,
          train,   retain  and   motivate   qualified   management,   technical,
          manufacturing,  sales and support  personnel for its  operations.  The
          Company has no patent  protection  for its product  which it is in the
          process of developing.

               All forward-looking statements speak only as of the date on which
          they are made.  The Company  undertakes  no  obligation to update such
          statements to reflect  events that occur or  circumstances  that exist
          after the date on which they are made.

               The Company has never had any revenues since its inception.

               On June 11, 1999, the Company executed and delivered an agreement
          with Royce Investment Group ("RIG"), the Company's exclusive financial
          consultant,  and Uriel  Ginzberg,  Jonathan  Levin  and John  Federman
          (collectively,  the "Inventors") whereby the Inventors assigned to the
          Company  all  their  right,  title  and  interest  in the  proprietary
          technology  in the field of network data security  (collectively,  the
          "Intellectual  Property").  In addition, RIG was retained to offer and
          sell up to  approximately  $600,000  of shares  of common  stock to be
          issued  by the  Company  to RIG.  See the Form 8-K with date of report
          June 11, 1999 for a more detailed description of the agreement and the
          transactions   contemplated   thereby.   In   connection   with   such
          transaction,   the  Company   changed  its  name  to  "Hidenet  Secure
          Architectures, Inc." See the Form 8-K with the date of report June 29,
          1999.

               The Company  currently  intends to develop and market products in
          the  field  of  network  data  security.  It  established  an  Israeli
          subsidiary in July 1999,  Hidenet  Secure  Architectures  Ltd.,  which
          hired two (2) employees.  The Company has no current  operations,  and
          even if the products it is  developing  in the networks  data security
          field are brought to market,  there is no likelihood that the sales of
          the  Company's  products  will be  sufficient  to cover  the costs and
          expenses of the Company's operations. The Company estimates that sales
          of its products will  commence in the middle of 2000,  but there is no
          assurance  that its products will be ready for market at such time. In
          the next quarter,  RIG will attempt to obtain equity financing for the
          Company. Failure to locate funding for the Company raises doubts about
          its ability to continue as a going concern.

               The Company remains subject to the reporting  requirements  under
          the   Securities   Exchange   Act  of   1934.   Notwithstanding   such
          requirements, the last report filed by the Company (exclusive of Forms
          8-K) was a Form 10-QSB for its quarter ended  September 30, 1996.  The
          Company,  during the third  quarter of 1999 embarked upon an effort to
          bring itself "current" with respect to its reporting  requirements and
          in that regard has prepared and filed (or is in the process of filing)
          the following reports as indicated:

                   Form 8-K with date of report June 11, 1999
                   Form 8-K with date of report June 29, 1999
                   Form 10-KSB for calendar year ended December 31,1997
                   Form 10-KSB for calendar year ended December 31, 1998
                   Form 10-QSB for the quarter ended March 31, 1999

               Each of the above referenced  reports were basically  prepared at
          or around the same time and forwarded for filing  purposes on or about
          the same date.

               The Company currently has no significant  business operations and
          (as heretofore  indicated) its wholly owned subsidiary Savin Israel is
          being liquidated for the benefit of creditors.

               On October 28, 1998,  the Board of  Directors  authorized a 1:250
          reverse  stock  split so that the  number  of issued  and  outstanding
          shares of Common  Stock of the Company was  reduced  from  8,150000 to
          32,600  shares.  In  December  1998,  the holders of a majority of the
          issued and outstanding  share capital  increased the authorized  share
          capital of the Company to 15,000,000 shares of common stock, par value
          $0.025 per share.

     Year 2000 Compliance

               The "Year 2000  problem"  describes  the world- wide concern that
          certain computer  applications,  which use two digits rather than four
          to represent dates,  will interpret the year 2000 as the year 1900 and
          malfunction on January 1, 2000 or thereafter. Since the Company has no
          operations, the year 2000 problem does not pertain to the Company. The
          Company  will ensure that its  products,  and any products of material
          significance  to the Company,  will function  normally  after the year
          2000.

<PAGE>

Part II - Other Information

     Item 1. Legal Proceedings.

          The Company's  wholly owned  subsidiary,  Savin Israel,  was placed in
          receivership  in August of 1997.  See Form  10-KSB  for the year ended
          December 31, 1998 for a further  description of such proceedings.  The
          Company is not presently a party to any other material litigation nor,
          to the knowledge of management, is any material litigation threatened.

     Item 2. Changes in Securities.


          See Current Report on Form 8-K with date of report as of June 11, 1999
          regarding  the  Issuance of  3,000,000  unregistered  shares of common
          stock  to Uriel  Ginzburg,  Jonathan  Levin  and  John  Federman  (the
          "Inventors")  and the  issuance to Ryre  Investment  Group  ("RIG") of
          1,000,000 unregistered shares.

     Item 3. Defaults upon Senior Securities.

          None.

     Item 4. Submission of Matters to a Vote of Security-Holders.

               During the quarter ended June 30, 1999, the stockholders  holding
          a majority of the issued and outstanding  capital stock of the Company
          authorized  a change in the name of the  Company  to  "Hidenet  Secure
          Architectures, Inc."

     Item 5. Other information.

          None.

     Item 6. Exhibits and reports on Form 8-K

               (a) Exhibits

                    27.1 Financial Data Schedule.

               (b) Reports on Form 8-K

                    The Company  filed two Current  Reports on Form 8-K with the
                    Securities  and  Exchange  Commission  on June 11, 1999 (the
                    "June 11th Form  8-K") and on June 29,  1999 (the "June 29th
                    Form 8-K").  The June 11th Form 8-K  described the agreement
                    among the Company, RIG and the Investors. The June 29th Form
                    8-K disclosed the change of the name of the Company.


<PAGE>

                           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.

                              HIDENET SECURE ARCHITECTURES, INC.
                              (formerly known as Savin Electronics Inc.)


                              By   /s/Ron Fussman
                                   ----------------------
                                   Ron Fussman, President

Date: November 4, 1999



     In accordance with the Exchange Act, this report has been signed
below by the following persons on behalf of the registrant and in the
capacities and on the dates indicated.





      /s/Ron Fussman       President, Secretary and     Dated: November
---------------------      a Director                   4, 1999
     Ron Fussman



      /s/Avrum Savran      Chairman of the Board of     Dated: November
---------------------      Directors and                4, 1999
     Avrum Savran          Treasurer