U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
NOTIFICATION OF LATE FILING
(Check One):
[X] Form 10-K and Form 10-KSB [ ] Form 20-F SEC File Number
[ ] Form 11-K [ ] Form 10-Q and 0-22969
Form 10-QSB [ ] Form N-SAR
For Period Ended: August 31, 1998
[ ] Transition Report on Form 10-K CUSIP Number
[ ] 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:
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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.
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If the notification relates to a portion of the filing
checked above, identify the Item(s) to which the notification
relates: Not Applicable
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PART I--REGISTRANT INFORMATION
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Full Name of Registrant: SYNAPTX WORLDWIDE, INC.
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Former Name If Applicable: N/A
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168 East Highland Avenue, Suite 300, Elgin, Illinois 60120-5507
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Address of Principal Executive Office
(Street and Number), City, State and Zip Code
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)
[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-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
[ ] (c) The accountant's statement or other exhibit required
by Rule 12b-25(c) has been attached if applicable.
<PAGE>
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PART III--NARRATIVE
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State below in reasonable detail the reasons why Form 10-K and
10-KSB, 20-F, 11-K, 10-Q and 10-QSB, N-SAR, or the transition
report or portion thereof could not be filed within the
prescribed period.
This is the first Form 10-KSB to be filed by the registrant,
whereby delays have been encountered in completing and reviewing
the report, and also changes in personnel who are involved in
preparation of the report.
(Attach Extra Sheets if Needed)
Part IV--Other Information
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(1) Name and telephone number of person to contact in regard
to this notification
Ron Weindruch (407) 333-2488
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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 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.
SYNAPTX WORLDWIDE, 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 30, 1998 By: /s/ Ronald L. Weindruch
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Name: Ronald L. Weindruch
Title: President and CEO
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
or 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.
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ATTENTION
Intentional misstatements or omissions of fact constitute
Federal Criminal Violations (See 18 U.S.C.) 1001).
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SYNAPTX WORLDWIDE, INC.
Attachment to Form 12b-25
Part IV - Item (3)
Registrant expects to report a loss from operations of
approximately $3 million for the fiscal year ended August 31,
1998 compared with a loss from operations of $552,000 for the
fiscal year ended August 31, 1997. The major component for the
increase in the loss is the write off of approximately $1.5
million in goodwill related to the Company's Oraycom and Impulse
subsidiaries whose goodwill has been deemed to have been
permanently impaired in accordance with FASB 121.
