Revised Draft
3-31-00
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(CHECK ONE):
[X] Form 10-K and Form 10-KSB [_] Form 20-F [_] Form 11-K [_] Form N-SAR
For Period Ended: December 31, 1999
[_] Transition Report on Form 10-KSB
[_] 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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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:
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PART I - REGISTRANT INFORMATION
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Full Name of Registrant
Former Name if Applicable
PRINTONTHENET.COM, INC.
Address of Principal Executive Office (Street and Number)
4491 South State Road #7, SUITE 200
City, State and Zip Code
FORT LAUDERDALE, FL 33314
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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;
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[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 15th 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
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We are working on preparing the year-end financial statements. Our
financial disclosure has been delayed for reasons set forth in our response to
Part IV, item (3), below. In addition, our Chief Financial Officer recently
resigned; however, he has agreed to continue to serve as a consultant to the
Company.
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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
Dennis J. Olle (305) 858-5555
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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?
[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.
We are negotiating with two institutional lenders regarding the release
of certain corporate guaranties for which the Company may be financially
responsible. The underlying indebtedness is in default. We believe that there is
a substantial likelihood that these guaranties will be released in short-term,
and if this occurs we do not expect there will be any material adverse impact on
our earnings. There can be no assurance that these guaranties will be released.
Any release of certain of the subject corporate guaranties by the principal
financial institution is subject, among other things, to the satisfactory
results of its due diligence. Failure to obtain the release of these guaranties
could have a material adverse effect upon the Company's financial conditions.
PRINTONTHENET.COM, INC.
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(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, 2000 By: /s/ Benjamin Rogatinsky
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Benjamin Rogatinsky, Chairman of the Board of Directors
