U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
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[ X ] Form 10-K [ ] Form 20-F [ ] Form 11-K [ ] Form 10-Q [ ] Form N-SAR
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For the Period Ended: December 31, 1998
[ ] Transition Report on Form 10-K [ ] Transition Report on Form 10-Q
[ ] Transition Report on Form 20-F [ ] Transition Report on Form N-SAR
[ ] Transition Report on Form 11-K
For the Transition Period Ended:
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: Aviation Industries Corp.
Former Name, if Applicable:
Address of Principal Executive Office (Street and Number):
888 E. Las Olas Blvd., Suite 700
City, State and Zip Code
Ft. Lauderdale, FL 33301
PART II - RULES 12b-25 (b) AND (c)
If the subject report could not be filed without reasonable
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;
[ ] (b) The subject annual report or 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
[ X ] (c) The accountant's statement or
other exhibit required by Rule 12b-25(c) has been
attached if applicable)
PART III - NARRATIVE
The registrant, during the year ended December 31, 1998,
discovered a number of inconsistencies in previous financial
statements, and has been working to correct them. The registrant
had purchased a company called CITA Americas, and then sold it
shortly thereafter. This purchase had been treated as an
investment in the registrant's books, but needs to be accounted
for as a purchase. The Registrant is in the process of gathering
the necessary information to accomplish this restatement.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to
this notification:
Daniel G. Chapman, Esq. (702) 732-2253
(2) Have all or other periodic report 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.
See explanation below:
Aviation Industries Corp.
Has caused this notification to be signed on its behalf by the
undersigned, thereunto duly authorized.
Date: 4/1/99 By: William Forhan
Name and Title William Forhan,
President and CEO
