SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
Commission File Number 000-26547
NOTIFICATION OF LATE FILING
[ ] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11-K
[X] Form 10-Q and Form 10-QSB [ ] Form N-SAR
For Period Ended: March 31, 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:
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.
If the notification relates to a portion of the filing checked above, identify
the item(s) to which the notification relates.
PART 1 - REGISTRANT INFORMATION
CLEARWORKS.net, INC.
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Full Name of Registrant
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Former Name if Applicable
2450 Fondren, Suite 200
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Address of Principal Executive Office (Street and Number)
Houston, Texas 77063
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City, State and Zip Code
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PART II - RULES 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, 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 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
State below in reasonable detail why the Form 10-K, 11-K, 20-F, 10-QSB, N-SAR,
or the transition report portion thereof, could not be filed within the
prescribed time period. (Attached extra sheets if needed)
The registrant was unable to file the Form 10-QSB for the quarter ended March
31, 2000, (the "Report") without unreasonable effort and expense due to various
unanticipated delays in gathering and compiling the required financial and
accounting data for inclusion in the Report.
PART IV - OTHER INFORMATION
1) Name and telephone number of person to contact in regard to this
notification.
Celia Figueroa, General Counsel (713) 334-2595
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 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 [X] 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 results cannot be made.
Clearworks.net, 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: May 15, 2000
By /s/ MICHAEL T. McCLERE
Michael T. McClere, Chief Executive Officer
INSTRUCTION: The form may be signed by an executive officer of the registrant or
by any 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.
ATTENTION
Intentional misstatements or omissions of fact constitute Federal Criminal
Violations (see 18 U.S.C. Section 1001).
