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FORM 12B-25
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SEC File No.: 0-18222
CUSIP No.: 221595 10 1
NOTIFICATION OF LATE FILING
/ /Form 10-K / /Form 11-K / /Form 20-F
/X/Form 10-Q / /Form N-SAR
For Period Ended: September 30, 1996
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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: N/A
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PART I -- REGISTRANT INFORMATION
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Full Name of Registrant: Costa Rica International, Inc.
Former Name if Applicable: Quantum Learning Systems, Inc.
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Address of Principal Executive Office (Street and Number)
Suite 301, 2525 S.W. 3rd Ave.
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City, State and Zip Code: Miami, Florida 33129
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PART II -- RULES 12b-25(b) AND (c)
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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 or semi-annual report/portion
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thereof will be filed on or before the fifteenth calendar day
following the prescribed due date; or the subject quarterly
report/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
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STATE BELOW IN REASONABLE DETAIL THE REASONS WHY FORM 10-K, 11-K, 20-F,
10-Q OR N-SAR OR PORTION THEREOF COULD NOT BE FILED WITHIN THE PRESCRIBED
TIME PERIOD.
The Registrant's subsidiary as of the fiscal quarter end had primary
operations in Costa Rica. At the August 5, 1996 shareholders meeting, the
shareholders approved the acquisition of Corporation Pipasa as the
Registrant's sole subsidiary.
Because of the requirement of working with the new subsidiary company, the
time and cost of meeting the November 14 due date would cause an undue
hardship on the Registrant. The international coordination of the filing will
take several additional days to complete. THE INFORMATION WILL BE
INCORPORATED INTO THE REGISTRANT'S FILING PRIOR TO THE END OF THE EXTENSION
PERIOD.
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PART IV -- OTHER INFORMATION
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(1) Name and telephone number of person to contact in regard to this
notification:
Randall Piedra 506 293-1084
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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). /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
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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.
Reasonable estimates cannot be made at this time because the auditors have
not completed the proposed adjustments to the financial statements.
Calixto Chaves Zamora, the Chairman of the Registrant has caused this
notification to be signed on its behalf by the undersigned thereunto duly
authorized.
Date: November 13, 1996
Costa Rica International, Inc.
By: /s/ Calixto Chaves Zamora
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Calixto Chaves Zamora
Chairman of the Board
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