skye_nt10k.htm
 

U.S. SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 12b-25

NOTIFICATION OF LATE FILING
(Check One):

 
 x Form 10KSB
 o Form 11K
 o Form 20F
 o Form 10QSB
o Form N-SAR
 
For Period Ended: December 31, 2007 

o  Transition Report on Form 10-KSB
o  Transition Report on Form 20-F
o  Transition Report on Form 11-K
o  Transition Report on Form 10-QSB
o  Transition Report on Form N-SAR

For the Transition Period Ended:

 
Read Attached Instruction Sheet Before Preparing Form. Please Print or Type.

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:

Not applicable.
 
PART I - REGISTRANT INFORMATION
 
 Full Name of Registrant:
 Skye International, Inc.
  
     
 Former Name if Applicable:
Tankless Systems Worldwide, Inc.
  
     
 Address of Principal Executive Office (Street and Number):
 7701 E. Gray Rd., Suite 4
  
     
 City, State and Zip Code:
 Scottsdale, AZ 85260
  
 
 
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-25(b), the following should be completed. (Check box if appropriate)

x
The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;

x
The subject annual report, semi-annual report, transition report on Form 10-KSB, Form 20-F, 11-K or Form N-SAR, 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

o
The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.
 
 
 
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PART III - NARRATIVE
 
State below in reasonable detail the reasons why the Form 10-KSB, 20-F, 11-K, 10-QSB or N-SAR or the transition report or portion thereof could not be filed within the prescribed period.
 
The Registrant is unable to complete its annual report for the year ended December 31, 2007 and related financial statements until its auditors complete a review of the financial statements for the period.
 

PART IV - OTHER INFORMATION
 
(1)
Name and telephone number of person to contact in regard  to this notification: Gregg C. Johnson  602.478.2929.
 
(2)
Have all other period 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 equired to file such reports(s) been filed? If the answer is no, identify report(s).
    
xYes oNo
 
(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?
    
oYes xNo

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.

 
Skye International, 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: March 28, 2008
By:  
/s/ Ted Marek
 
Ted Marek, Secretary
 
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