U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                   FORM 12B-25

COMMISSION  FILE  NUMBER:  000-50298
                           ---------
     Notification of Late Filing

(Check One):

[ ] Form 10-KSB [ ] Form 20-F [ ] Form 11-K [X] Form 10-QSB
[ ] Form N-SAR  [ ] Form N-CSR

For the fiscal quarter ended: MAY 31, 2005

 [ ] Transition Report on Form 10-KSB
 [ ] Transition Report on Form 20-F
 [ ] Transition Report on Form 11-K
 [ ] Transition Report on Form 10-QSB
 [ ] Transition Report on Form N-SAR
 [ ] Transition Report on Form N-CSR

For the Transition Period Ended:

Nothing  in  this  form  shall  be  construed  to  imply that the Commission has
verified  any  information  contained  herein.

If  the  notification relates to a portion of the filing checked above, identify
the  Item(s)  to  which  the  notification  relates:

                         PART I - REGISTRANT INFORMATION
                         -------------------------------

                     INTEGRATED SECURITIES TECHNOLOGIES INC.
                     ---------------------------------------
                             Full Name of Registrant

                              IGUANA VENTURES LTD.
                              --------------------
                            Former Name if Applicable


                        PO BOX 2536 349 WEST GEORGIA ST.
                        --------------------------------
            Address of Principal Executive Office (Street and Number)

                   VANCOUVER, BRITISH COLUMBIA, CANADAV6B 3W8
                   ------------------------------------------
                            City, State and Zip Code



                        PART II - RULES 12B-25(B) AND (C)
                        ---------------------------------

If  the subject report could not be filed without unreasonable effort or expense
and  the  registrant seeks relief pursuant to Rule 12b-(b), the following should
be  completed.  (Check  box,  if  appropriate)

[X]       (a)  The  reasons  described  in  reasonable  detail  in  Part  III of
          this  form  could  not  be  eliminated  without unreasonable effort or
          expense;

[X]       (b)  The  subject  annual  report,  semi-annual  report,  transition
          report  on  Form 10-KSB, Form 20-F, 11-K, Form N-SAR or Form N-CSR, or
          portion  thereof will be filed on or before the fifteenth calendar day
          following  the prescribed due date; or the subject quarterly report or
          transition  report on Form 10-QSB, or portion thereof will be filed on
          or  before  the  fifth calendar day following the prescribed due date;
          and

[ ]       (c)  The  accountant's  statement  or  other  exhibit required by Rule
          12b-25(c) has been attached if applicable.


                              PART III - NARRATIVE
                              --------------------

State  below  in  reasonable  detail  the  reasons  why Form 10-KSB, 20-F, 11-K,
10-QSB,  N-SAR, Form N-CSR or the transition report or portion thereof could not
be  filed  within  the  prescribed  period.


Management  was  unable to obtain the business information necessary to complete
the  preparation  of  the  Company's financial statements for the fiscal quarter
ended May 31, 2005 and the review of these financial statements by the Company's
auditors  in time for filing. Such information is required in order to prepare a
complete  filing.  As  a result of this delay, the Company is unable to file its
quarterly  report  on  Form  10-QSB  within  the  prescribed time period without
unreasonable effort or expense. The Company expects to file within the extension
period.




                           PART IV - OTHER INFORMATION
                           ---------------------------

(1)  Name  and  telephone  number  of  person  to  contract  in  regard  to this
notification.

     STEPHEN  F.X.  O'NEILL      360          332-3300
     ----------------------      ---          --------
              (Name)         (Area Code)  (Telephone Number)


(2)  Have  all  other periodic reports required under section 13 or 15(d) of the
Securities  Exchange  Act of 1934 or section 30 of the Investment Company Act of
1940  during  the  preceding  12  months  or  for  such  shorter period that the
registrant  was required to file such report(s) been filed? If the answer is no,
identify  report(s).

     [X]  Yes          [ ]  No

(3)  Is it anticipated that any significant change in results of operations from
the  corresponding  period  for  the  last  fiscal year will be reflected by the
earnings  statements  to  be  included in the subject report or portion thereof?

     [ ]  Yes          [X]  No

If  so:  attach  an  explanation of the anticipated change, both narratively and
quantitatively, and, if appropriate, state the reasons why a reasonable estimate
of  the  results  cannot  be  made.

                     INTEGRATED SECURITIES TECHNOLOGIES INC.
                     ---------------------------------------
                  (Name of Registrant as specified in charter)

has  caused  this  notification  to  be  signed on its behalf by the undersigned
thereunto  duly  authorized.


Date: July 18, 2005                    By: /s/ Randy White
                                           -------------------------------------
                                           RANDY  WHITE
                                           President and Chief Executive Officer