U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25 NOTIFICATION OF LATE FILING
(Check One)
[X] Form 10-K or Form 10K-SB [ ] Form 20-F [ ] Form 11-K
[ ] Form 10-Q or Form 10-QSB [ ] Form N-SAR
For the period ended: September 27, 1997
[ ] Transition Report on Form 10-K or Form 10-KSB
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q or Form 10-QSB
[ ] Transition Report on Form N-SAR
If the notification related to a portion of the filing checked above, identify
the Item(s) to which the notification relates:....
Part I - Registrant Information
Datamarine International, Inc.
7030 220th SW
Mountlake Terrace, Washington 98043
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 or Form 10-KSB, 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 10-QSB, 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 the Rule
12b-25(c) has been attached if applicable.
Part III - Narrative
The Company has unresolved legal matters regarding its Subordinated Convertible
Debentures. The Company needs additional time to determine the legal and
accounting implications of such matters.
Part IV- Other Information
(1) Name and telephone number of person to contact in regard to this
notification.
Jan Kallshian (425)-771-2182
(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 reports(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.
The Company expects to report a net loss of approximately $1,345,000 on
revenues of $12,091,000 for FY1997, compared to net income of $751,000 on
revenues of $16,590,000 for FY1996.
DATAMARINE INTERNATIONAL, INC.
(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 22, 1997 /s/ JAN KALLSHIAN
---------------------------- -------------------------
Chief Financial Officer
