UNITED STATES -----------------
SECURITIES AND EXCHANGE COMMISSION SEC FILE NUMBER
Washington, D.C. 20549 0-15873
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FORM 12b-25
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NOTIFICATION OF LATE FILING CUSIP NUMBER
517906509
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(Check One):[_]Form 10-K [ ]Form 20-F [ ]Form 11-K [X]Form 10-QSB [ ]Form N-SAR
For Period Ended: September 30, 1996
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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:
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PART I -- REGISTRANT INFORMATION
Lasergate Systems, Inc.
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Full Name of Registrant
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Former Name if Applicable
28050 U.S. 19 North, Corporate Square, Suite 502
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Address of Principal Executive Office (Street and Number)
Clearwater, Florida 34621
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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)
a The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
b The subject annual report, semi-annual report, transition report on
Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof, will be
filed on or before the fifteenth calendar day following the prescribed
[X] 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.
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.
The Form 10-QSB for the Registrant could not be filed within the prescribed time
period because the Company installed a new computer system which caused delays
in data conversion.
(Attach Extra Sheets if Needed)
SEC 1344 (6/94)
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PART IV -- OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Philip P. Signore 813 725-0882
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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
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(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
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SEE ATTACHMENT A
If so, attach an explanation of the anticipated change, both narratively
and quantitatively, and, if appropriate, state the reasons why a reasonable
estimate of results cannot be made.
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Lasergate Systems, 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
hereunto duly authorized.
Date November 14, 1996 By /s/ Philip P. Signore
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Philip P. Signore, Vice President
and Chief Financial Officer
<PAGE>
Form 12b-25
ATTACHMENT A
PART IV - OTHER INFORMATION
The Registrant anticipates reporting a significant increase in revenues. The
increase in revenues is primarily attributable to marketing activities by a
larger sales staff, from the Registrant's enhanced products, and from new market
accessibility resulting from the acquisition of Delta Information Services, Inc.
in December 1994 and GIS Limited Partnership effective January 1995. Profit
margins have increased due to reduced installation and maintenance costs of
products. The resulting loss which the Registrant anticipates reporting for the
quarter is significantly less than the loss for the same quarter last year.
