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SEC File Number: 001-15617
CUSIP Number: 848506101
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One)
[ ] Form 10-K and Form 10-KSB [ ] Form 11-K [ ] Form 20-F
[x] Form 10-Q and Form 10-QSB [ ] Form N-SAR
For Period Ended: September 30, 2000
[ ] 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: N/A
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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:
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Part I - Registrant Information
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Full Name of Registrant: Spigadoro, Inc.
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Former name if applicable: IAT Multimedia Inc.
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Address of Principal Executive Office (Street and Number):
70 East 55th Street, 24th Floor, New York, New York 10022
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Part II - Rules 12b-25(b) and (c)
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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)
(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-K or 10-KSB, Form 20-F, Form 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 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
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State below in reasonable detail the reasons why the Form 10-K or
10-KSB, 20-F, 11-K, 10-Q or 10-QSB, N-SAR or the transition report or portion
thereof, could not be filed within the prescribed time period.
The Form 10-Q for the quarter ended September 30, 2000 could not be
filed within the prescribed time period due to unforeseen difficulties arising
in connection with its preparation.
Part IV - Other Information
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(1) Name and telephone number of person to contact in regard to this
notification:
Jacob Agam (212) 754-4271
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(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
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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? [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.
All number set forth below are stated in U.S. dollars and have been
translated for convenience purposes only from the Italian Lire, the
registrant's functional currency, based upon an exchange rate of Lire
2,201 = U.S. $1 as of September 30, 2000.
For the three months ended September 30, 2000, the registrant expects
to incur a net loss of approximately $3,300,000 on net sales of
approximately $39,200,000 as compared to net income of approximately
$239,000 on net sales of approximately $28,800,000 for the comparable
three month period in 1999.
For the nine months ended September 30, 2000, the registrant expects
to incur a net profit of approximately $4,100,000 on net sales of
approximately $104,600,000 as compared to a net income of
approximately $700,000 on net sales of approximately $88,500,000 for
the prior comparable period in 1999.
Spigadoro, Inc.
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(Name of Registrant as specified in charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: November 14, 2000 By: /s/ Jacob Agam
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Jacob Agam
Chairman of the Board and Chief
Executive Officer
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