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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
COMMISSION FILE NUMBER
001-15311
NOTIFICATION OF LATE FILING
(Check One):
[_] Form 10-K
[_] Form 20-F
[_] Form 11-K
[X] Form 10-Q
[_] Form N-SAR
For Period Ended: October 28, 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:
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PART I
REGISTRANT INFORMATION
ENVISION DEVELOPMENT CORPORATION
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Full Name of Registrant
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Former Name if Applicable
100 Nickerson Road
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Address of Principal Executive Office (Street and Number)
Marlboro, Massachusetts 01752
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City, State and Zip Code
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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, Form 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
[_] (c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.
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PART III
NARRATIVE
State below in reasonable detail why the Form 10-K, 11-K, 20-F 10-Q, N-SAR or
the transition report portion thereof could not be filed within the prescribed
time period. (Attach extra sheets if needed.)
The Registrant has not yet completed its quarterly review because it is in the
process of analyzing the impact of certain transactions and events, primarily
its cessation of operations, dispositions and the impairment of goodwill arising
from a change in events and circumstances, on the financial statements.
Furthermore, the quarterly review has been delayed because the Registrant has
ceased operations due to loss of funding and is no longer compensating any
employees.
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PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
Dean Willard (212) 246-9806
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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.
For the fiscal quarter ended October 28, 2000, Envision Development Corporation
("Envision") will report a net loss due to the following: disposition of assets,
impairment of goodwill, amortization of intangible assets and operating
expenses. Results for the fiscal quarter ended October 28, 2000 are not
comparable to a prior period because Envision disposed of perfumania.com,inc. on
May 10, 2000 and such disposition is accounted for as a discontinued operation.
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Envision Development Corporation
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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: December 13, 2000 By: /s/ Dean Willard
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Dean Willard
Chairman of the Board
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