SEC FILE NUMBER
0-12641
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12B-25 CUSIP NUMBER
452440 10 4
NOTIFICATION OF LATE FILING
(Check One):[X]Form 10-K [ ]Form 20-F [ ]Form 11-K [ ]Form 10-QSB [ ]Form N-SAR
For Period Ended: June 30, 1999
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[ ]Transition Report on Form 10-K [ ]Transition Report on Form 10-Q
[ ]Transition Report on Form 20-F [ ]Transition Report on Form N-SAR
[ ]Transition Report on Form 11-K
[ ]For the Transition Period Ended:
READ INSTRUCTION (ON BACK PAGE) 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:
PART I -- REGISTRANT INFORMATION
Imaging Technologies Corporation
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Full Name of Registrant
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Former Name if Applicable
15175 Innovation Drive
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Address of Principal Executive Office (STREET AND NUMBER)
San Diego, CA 92128
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City, State and Zip Code
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)
(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 of 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 12-b-25(c)
has been attached if applicable.
PART III -- NARRATIVE
State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period.
SEE ATTACHMENT A
<PAGE>
PART IV -- OTHER INFORMATION
1. Name and telephone number of person to contact in regard to this
notification
Brian Bonar 619 613-1300
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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 answer is no, identify report(s) YES [X] No [ ]
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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 [ ] No [X]
If so, attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state the reasons
why a reasonable estimate of results cannot be made.
SEE ATTACHMENT B
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Imaging Technologies 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
hereunto duly authorized.
Date September 28, 1999 By: /s/ Brian Bonar
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Brian Bonar, President, Chief Executive
Officer and Director
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ATTACHMENT A
PART III - NARRATIVE
Imaging Technologies Corporation has recently experienced changes in its
operations and staffing. In addition, the efforts of the accounting and
financial reporting staff were largely diverted to the recently announced
appointment of an operational receiver to assist the Company in its ongoing
turnaround. Due to these factors, the Company has not yet completed the
information necessary for inclusion in the Annual Report on Form 10K. The
Company anticipates being able to file all required information by October 13,
1999.
<PAGE>
ATTACHMENT B
PART IV - OTHER INFORMATION
The Company expects to record a charge related to, among other things, a
reduction in the recorded value of certain of its assets and other expenses, for
its fiscal year ended June 30, 1999. Due to the significant changes in the
Company's operations, the Company has not been able to make a reasonable
estimate of the amount of the charge.
