UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
[ ] Form 10-KSB [ ] Form 20-F [ ] Form 11-K [X] Form 10-QSB
For Period Ended: March 31, 1997 SEC FILE NUMBER I-9418
---------------------- CUSIP NUMBER 232456103
[ ] Transition Report on Form 10-KSB
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-QSB
[ ] Transition Report on Form N-SAR
For Transition Period Ended:_____________________
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Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
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If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates: Entire Form 10-QSB
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Part I - Registrant Information
Full Name of Registrant CyberAmerica Corporation
Former Name if Applicable N/A
Address of Principal Executive Office:
268 West 400 South, Suite 300
Salt Lake City, Utah 84101
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-KSB, Form 2-F, 11-F, or From 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 From
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 Rule 12b-25(c)
has been attached if applicable.
<PAGE>
Part III - Narrative
State below in reasonable detail the reasons why form 10-KSB, 11-K,
20-F, 10-QSB or N-SAR or portion thereof could not be filed within the
prescribed time period.
During the first quarter of 1997, the Company installed a new
accounting software program. There were unanticipated flaws in
the program, as applied, caused by the software's
incompatibility with the Company's existing computer network.
This resulted in the Company losing accounting entries which
had been inputted into the new software program and thereby
delayed the completion of the Company's quarterly financial
statements.
Part IV - Other Information
(1) Name and telephone number of person to contact in regard to this
notification.
Richard Surber President (801) 575-8073
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(Name) (Title) (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 12 months or for such shorter period
that the registrant was required to file such report(s) been filed? If
the answer if 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 narrative
and quantitatively, and, if appropriate, state the reasons why a
reasonable estimate of the results cannot be made - Corporate offices
and management changes.
The Company is projecting that it will record a net loss of
approximately $579,000 for the quarter ended March 31, 1997. This
compares to a net gain of $174,000 for the corresponding period of the
prior fiscal year. The Company attributes this significant change to a
substantial decrease in revenues from the Company's consulting
division during the first quarter and no corresponding decrease in
consulting expenses.
CyberAmerica 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: May 15, 1997 By: /s/ Richard Surber
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Name: Richard Surber
Title: President
