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 March 31, 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
incorporation or organization)                      Identification No.)


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>



                             SAVIN ELECTRONICS INC.


                          INTERIM FINANCIAL STATEMENTS

                              AS OF MARCH 31, 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>


                                                               SAVIN ELECTRONICS
BALANCE SHEETS
--------------------------------------------------------------------------------
                                                                 In U.S. dollars



<TABLE>
<CAPTION>

                                               March 31,     December 31,
                                                 1999            1998
<S>                                                <C>             <C>

ASSETS

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

LIABILITIES AND SHAREHOLDERS'
DEFICIENCY

CURRENT LIABILITIES:
Accounts payable and accrued ............       58,877        58,877
liabilities
Loan payable - officer ..................        7,835         7,835
                                            ----------    ----------

Total current liabilities ...............       66,712        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 .....................   (1,012,117)   (1,012,117)
                                            ----------    ----------

Total shareholders' deficiency ..........      (66,711)      (66,711)
                                            ----------    ----------

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













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


<PAGE>


                                                               SAVIN ELECTRONICS
STATEMENT OF OPERATIONS
--------------------------------------------------------------------------------
                                                                 In U.S. dollars

<TABLE>
<CAPTION>

                                        Three months ended
                                              March 31,


<S>                                        <C>      <C>

                                          1999     1998

Cost and expenses:
    General and administrative .....      --      2,415
                                       =======   ------

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

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

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














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


<PAGE>


                                                               SAVIN ELECTRONICS
STATEMENT OF CASH FLOWS
--------------------------------------------------------------------------------
                                                                 In U.S. dollars




<TABLE>
<CAPTION>
                                                       Three months ended
                                                             March 31,
                                                          1999      1998
<S>                                                        <C>        <C>

Cash flows from operating activities:
Loss for the period ..............................         --      (2,415)
Adjustments to reconcile loss to net cash used
in operating activities:
     Increase in accounts payable and accrued              --       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>


NOTE 1:-    GENERAL

     Basis of Presentation

     The accompanying unaudited financial statements have been prepared by Savin
     Electronic  Inc.  in  accordance  with the  rules  and  regulations  of the
     Securities and Exchange Commission.  These 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.

     The accompanying unaudited financial statements have been prepared by Savin
     Electronic  Inc.  in  accordance  with  the  rules  and  regulation  of the
     Securities and Exchange  Commission.  These 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:-    SUBSEQUENT EVENT

     a.   In June 1999, the Company changed its name to Hidenet Secure
          Architectures Inc.

     b.   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.

          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 June 30, 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.

                    None.

          Item 3. Defaults upon Senior Securities.

                    None.

          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

                  27.1  Financial Data Schedule.

            (b)   Reports on Form 8-K

                  The Company did not file any Current  Reports on Form 8-K with
                  the  Securities  and  Exchange  Commission  during the quarter
                  ending March 31, 1999.


<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 4, 1999
----------------  a Director
Ron Fussman



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