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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12B-25
NOTIFICATION OF LATE FILING
Commission File Number
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(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 the three months ended September 30, 1999
/ / 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:
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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
ADVANCED SYSTEMS INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
Nevada 13-3953047
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification Number)
25300 Telegraph Road, Suite 455, Southfield, Michigan 48034 (248) 263-0000
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 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 15th 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]
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[ ] (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 Form 10-K and Form 10-KSB,
20-F, 11-K, 10-Q and Form 10-QSB, N-SAR or the transition report portion thereof
could not be filed within the prescribed time period. (Attach extra sheets if
needed.) [Amended in Release No. 34-26589 (Paragraph 72,435), effective April
12, 1989, 54 F.R. 10306; and Release No. 34-30968 (Paragraph 72,439), effective
August 13, 1992, 57 F.R. 36442.]
The registrant has completed its financial statements for the three months
ended September 30, 1999, but due to clerical, staffing, and other related time
constraints, the registrant was unable to deliver such financial statements,
together with the discussion and analysis of management, to its accountants and
counsel with sufficient time to allow such accountants and counsel to review
the information for a timely filing of the registrant's Form 10-QSB. The
Company intends to file the prescribed report within the allowed extension
period.
PART IV.
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
Robert C. DeMerell (248) 263-0000
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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 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?
/ / 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.
The company reported revenues of $2,132,808, a 146% increase over $867,296
for the same period in 1998. Net earnings for the third quarter were $21,224,
compared with a loss of $115,754, in 1998. For the nine months ended September
30, 1999, revenues were $6,097,443 compared with $1,828,609 for the same period
in 1998, an increase of 233%. Net earnings for the nine months were $702,917, or
$.04 per fully diluted share, compared to a loss of $479,205, or ($.06) per
share, in 1998.
ADVANCED SYSTEMS INTERNATIONAL, 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 15, 1999 By /s/ Robert C. DeMerell
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