SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 12b-25
Commission File Number: 000-29113
NOTIFICATION OF LATE FILING
(Check One)
[ ] Form 10-K [ ] Form 11-K [ ] Form 20-F [X] Form 10-QSB
[ ] Form N-SAR [ ] Form 10KSB
For period Ended: June 30, 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: __________________________
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
SYCONET.COM, INC.
Full Name of Registrant
________________________________________________________________________________
Former Name if Applicable
9208B Venture Ct.
Address of Principal Executive Office (Street and Number)
Manassas, VA 20111
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 12-b-25(b), the
following should be completed. (Check appropriate box.) [X] Yes [ ] No
[X] (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, semi-annual report, transition report on
Form 10-K, 20-F, 11-K or 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 the
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 the reasons why Form 10-K, 11-K, 20-F, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period.
Due to a recent cash shortage, we lost the majority of our personnel and we
were forced to relocate our corporate headquarters, therefore we will need
additional time to complete our quarterly report.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
Richard G. Klein, Esq. (212) 818-9000
(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 2 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
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(3) Is it anticipated that any significant change in results of operation for
the corresponding period for the last fiscal year will be reflected by
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 reason why a reasonable
estimate of the results cannot be made.
As a result of corporate restructuring and downsizing of operations, the
Company is re-assessing the condition of certain assets in order to
determine whether an asset impairment has occurred. Restructuring and/or
impairment charges, if appropriate, will be charged to operations. Limited
resources and the loss of personnel not only prevent us from complying with
our reporting requirements on a timely basis, but also impair our ability
to maintain operations as a going concern.
SYCONET.COM, INC.
(Name of Registrant as Specified in Charter)
Has caused this notification to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: August 15, 2000 By: /s/ William Spears
-----------------------------
Chief Executive Officer
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