UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
SEC File Number
0-14361
CUSIP Number
897069100
NOTIFICATION OF LATE FILING
(Check One): [ ] Form 10-K [ ] Form 20-F [ ] Form 11-K [ ] Form
10-Q [ ] Form N-SAR
For Year Ended: Not applicable
[ x ] Transition Report on Form 10-K [ ] Transition Report on Form 10-Q
[ ] Transition Report on Form 20-F [ ] TransitionReport on Form N-SAR
[ ] Transition Report on Form 11-K
For the Transition Period Ended: December 31, 1997.
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: Not applicable
Part I - REGISTRANT INFORMATION
Full name of registrant
TROPIC AIR CARGO, INC.
Former name if applicable: Tropic Communications, Inc.
Address of principal executive office (Street and Number)
7500 NW 25th Street
Suite 210
City, State and Zip Code
Miami, Florida 33122
Part H - RULE 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, 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 portion thereof
will be filed on or before the fifth calendar day following the prescribed due
date; and
[ N/A ] (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-K, 11-K, 20-F,
10-Q, N-SAR or the transition report or portion thereof, could not be filed
within the prescribed time period. (Attach Extra Sheets if Needed)
The Registrant requests relief from filing its Transition Report on Form
10-K for the eight months ended December 31, 1997 on March 31, 1998 and requests
permission to avail itself of the provisions of Rule 12b-25(b) as it relates to
late filing of the Form 10-K. The Registrant elected to change its fiscal year
from beginning on May 1 of each calendar year to January 1 of each calendar year
as reported on Form 8-K Current Report dated October 6, 1997 and needs the
additional time to resolve issues relating to this change.
There are no accounting issues between the Registrant and its auditors.
The subject Annual Report on Form 10-K will be filed on or before the prescribed
due date.
Part IV - Other Information
(1) Name and telephone number of person to contact in regard to this
notification
Scott Villanueva, Secretary (305) 639-2720
(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?
[ 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 Registrant anticipates net income of $150,000, $50,000 from continuing
operations and $100,000 from discontinued operations, for the transition period
May 1, 1997 through December 31, 1997, as compared to loss of $2,132,200 for the
fiscal year ended April 30, 1997.
TROPIC AIR CARGO, 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: March 31, 1998 By /s/ JOHN E. RAYL
------------------------- -----------------
JOHN E. RAYL
Treasurer
(Principal Financial Officer)
