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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
Commission File Number: 0-23903
NOTIFICATION OF LATE FILING OF FORM 10-K
For Period Ended: July 31, 1998
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Part 1. Registrant Information
TRANSFORMATION PROCESSING INC.
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(Full name of registrant)
5500 EXPLORER DRIVE, SUITE 2000, MISSISSAUGA, ONTARIO L4W 5C7
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(Address of Principal executive office)
Part II. Rule 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 appropriate box.)
[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 on Form 10-K will be filed on or before the
15th 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
As this is the Company's first Form 10-KSB since it became a reporting
company, the Company needs additional time to properly complete its Form 10-KSB
for the year ended July 31, 1998.
Part IV. Other Information
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(1) Name and telephone number of person to contact in regard to this
notification:
Paul G. Mighton (905) 206-1366
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(Name) (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?
[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.
Although final results from operations for the year ended July 31, 1998,
are not yet available, the Company estimates that it incurred a loss of
approximately $4,000,000 as compared to a loss of approximately $2,800,000
during the period from April 1, 1996(date of incorporation)to July 31, 1997.
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TRANSFORMATION PROCESSING 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: October 28, 1998 By: /s/ Paul G. Mighton
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Title: Chief Executive Officer
INSTRUCTION. The form may be signed by an executive officer of
the registrant or by any other duly authorized representative. The
name and title of the person signing the form shall be typed and
printed beneath the signature. If the statement is signed on behalf
of the registrant by an authorized representative (other than an
executive officer), evidence of the representative's authority to sign
on behalf of the registrant shall be filed with the form.
ATTENTION:
Intentional misstatements or omissions of fact constitute Federal criminal
violations (see 18 U.S.C. 1001).
