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UNITED STATES -----------------------------
SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL
Washington, D.C. 20549 -----------------------------
OMB Number: 3235-0058
Expires: January 31, 2002
FORM 12b-25 Estimated average burden
hours per response..... 2.50
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NOTIFICATION OF LATE FILING SEC FILE NUMBER
O-23806
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(Check One): [_] Form 10-K [_] Form 20-F [_] Form 11 K [X] Form 10Q [_] Form N-SAR CUSIP NUMBER
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449 775 10 5
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For Period Ended: September 30, 2000
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[ ] 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:____________________________________
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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.
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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:
________________________________________________________________________________
PART I -- REGISTRANT INFORMATION
I/NET, Inc.
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Full Name of Registrant
643 W. Crosstown Parkway
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Address of Principal Executive Office (Street and Number)
Kalamazoo, Michigan 49008
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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.)
[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, Form 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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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.
I/NET, Inc. (the "Company") is unable to timely file its Quarterly Report
on Form 10-QSB for the quarter ended September 30, 2000 because events have
recently come to the attention of the Company that may require it to revise
the carrying value of its investments, and the Company cannot do so prior
to November 14, 2000 without unreasonable effort and expense. The Company
intends to file its Form 10-QSB within the time period prescribed by Rule
12b-25.
PART IV -- OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Stephen J. Markee 616 344-3017
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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 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
I/NET, Inc. has caused this notification to be signed on its behalf by the
undersigned hereunto duly authorized.
I/NET, Inc.
Date: November 14, 2000 /s/ Stephen J. Markee
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By Stephen J. Markee, Director, President,
Chief Executive Officer and Chief Financial
Officer
