U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
NOTIFICATION OF LATE FILING
[ ] Form 1O-K [ ] Form 11-K [X] Form 10-Q [ ] Form N-SAR
For Period Ended:
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended: June 30, 1997
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:
PART I - REGISTRANT INFORMATION
Full Name of Registrant: VITECH AMERICA, INC.
Former Name if Applicable: Not Applicable
8807 NORTHWEST 23RD STREET
Address of Principal Executive Office (Street and Number)
MIAMI, FLORIDA 33172
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-25(b) [Paragraph 23,047],
the following should be completed. (Check box, if appropriate)
<PAGE>
[X] (a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
[ ] (b) The subject annual report, semi-annual report, transition report on Form
10-K, 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-Q, or portion thereof
will be filed on or before the fifth calendar day following the prescribed due
date; and [Amended in Release No. 34-26589 (Paragraph 72,435), effective April
12, 1989, 54 F.R. 10306.]
[ ] (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 the Form 1O-K, 20-F, 11-K,
10-Q, N-SAR, or the transition report or portion thereof could not be filed
within the prescribed time period. [Amended in Release No. 34-26589 (Paragraph
72,435), effective April 12, 1989, 54 F.R. 10306.]
THE FORM 10-Q COULD NOT BE FILED WITHIN THE PRESCRIBED TIME PERIOD
BECAUSE OF ADDITIONAL TIME REQUIRED BY THE REGISTRANT'S MANAGEMENT TO
PROVIDE CERTAIN INFORMATION IN SUCH FORM 10-Q.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
EDWARD KELLY (305) 477-1161
(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
2
<PAGE>
(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?
[X ] Yes [ ]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.
FOR THE SIX MONTH PERIOD ENDED JUNE 30, 1997, SALES REACHED $40.3
MILLION, A 55% INCREASE OVER THE $26.1 MILLION FOR THE SAME PERIOD IN
1996. NET INCOME ROSE 67% TO $4.5 MILLION, OR $0.42 PER SHARE ON
10,739,941 SHARES OUTSTANDING, FOR THE SIX MONTH PERIOD ENDED JUNE 30,
1997, AS COMPARED TO NET INCOME OF $2.7 MILLION, OR $0.32 PER SHARE ON
8,503,853 SHARES OUTSTANDING, FOR THE SIX MONTH PERIOD ENDED JUNE 30,
1996. FOR THE THREE MONTH PERIOD ENDED JUNE 30, 1997, SALES ROSE 62% TO
$23.3 MILLION, AND NET INCOME INCREASED 65% TO $2.7 MILLION, OR $0.26
PER SHARE ON 10,745,202 SHARES OUTSTANDING. THIS COMPARES TO REVENUES
OF $14.4 MILLION AND NET INCOME OF $1.7 MILLION, OR $0.20 PER SHARE ON
8,503,853 SHARES OUTSTANDING, FOR THE SAME PERIOD IN 1996.
VITECH AMERICA, 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: August 15, 1997 VITECH AMERICA, INC.
By:/S/EDWARD A. KELLY
------------------------------
Edward A. Kelly
Chief Financial Officer
3
