U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
SEC FILE NUMBER
0-22750
[X] Form 10-QSB
For the Quarterly Period Ended September 30, 1999
Part I Registrant Information
Full Name of Registrant: Advanced Wireless Systems, Inc.
Address of Principal Executive Office (Street and Number)
927 Sunset Drive
Irving, Texas 75061
Part II Rules 12b-25(b) and (c)
(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 Report on Form 10-QSB will be filed on or before the
fifth calendar day following the prescribed due date.
Part III Narrative
Our Report on Form 10-QSB for the quarter ended September 30, 1999, is
due to be filed on November 15, 1999. As of November 11, 1999, the unaudited
interim financial statement is not yet complete because we acquired Dibbs
Internet Services, Inc., in August 1999, and we have not yet completed the
required financial statements to record and report the Dibbs acquisition.
The Dibbs acquisition was first reported on our Form 8-K dated August 25,
1999.
We are also considering the restatement of some items in our annual
financial statements for the period ended December 31, 1998, which may have
an effect on the results to be reported for the quarter ended September 30,
1999. The revisions under consideration respond to comments provided by the
staff of the SEC about Amendment No. 1 to our Form 10-SB filing.
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Part IV Other Information
(1) Name and telephone number of person to contact in regard to this
information.
Lee Polson 512-474-8881
(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
Until our financial statement reflecting the Dibbs acquisition is
complete, we cannot predict how the acquisition will change our operating
results. We believe that our net loss for the nine months ended September
30, 1999, may be approximately $610,000, a $120,000 (25%) increase from the
loss for the nine months ended September 30, 1998, of approximately $490,000.
Signatures
Advanced Wireless Systems, Inc., has caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.
ADVANCED WIRELESS SYSTEMS, INC.
Date: November 11, 1999 /s/ Monte Julius
------------------------- --------------------------------
Monte Julius, President
