CONTINENTAL INFORMATION SYSTEMS CORP
NT 10-K, 1999-08-31
COMPUTERS & PERIPHERAL EQUIPMENT & SOFTWARE
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                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 12B-25

                           NOTIFICATION OF LATE FILING

                                                                     0-25104
                                                                 ---------------
                                                                 SEC FILE NUMBER


                                                                    211497 10 2
                                                                   -------------
                                                                   CUSIP NUMBER

                                  (CHECK ONE):

           [X] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11-K
                  [ ] Form 10-Q and Form 10-QSB [ ] Form N-SAR

                       For Period Ended May 31, 1999
                       [ ] 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: N/A

- --------------------------------------------------------------------------------

  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:  N/A
                                                        -----

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- --------------------------------------------------------------------------------
PART I - REGISTRANT INFORMATION
- --------------------------------------------------------------------------------

Full name of Registrant

         Continental Information Systems Corporation

Former Name if Applicable

         N/A

Address of Principal Executive Office (STREET AND NUMBER)

         45 Broadway Atrium, Suite 1105

City, State and Zip Code

New York, New York 10006

- --------------------------------------------------------------------------------
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, 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.


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<PAGE>

- --------------------------------------------------------------------------------
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 or portion
thereof could not be filed within the prescribed period.

         The Registrant encountered an unforeseen delay in connection with
         completion of its financial statements required for Part II of its
         annual report on Form 10-K. The Resgistrant expects that the Form 10-K
         will be filed on August 31, 1999.


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PART IV - OTHER INFORMATION
- --------------------------------------------------------------------------------

(1)  Name and telephone number of person to contact in regard to this
     notification

          Jonah M. Meer           (212)             771-1010
     -------------------------  -----------    ------------------
             (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?

                              [ ] 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 the results cannot be made.


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                   Continental Information Systems Corporation
        ---------------------------------------------------------------
                  (Name of Registrant as specified in charter)


has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.


Date:  August 30, 1999            By: /s/ Jonah M. Meer
                                      ---------------------------------
                                      Jonah M. Meer
                                      Chief Operating Officer and
                                      Chief Financial Officer









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