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
517906 50 9
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(Check One):[X]Form 10-KSB [ ]Form 20-F [ ]Form 11-K [ ]Form 10-QSB[ ]Form N-SAR
For Period Ended: December 31, 1997
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[ ] Transition Report on Form 10-K [ ] Transition Report on Form 10-Q
[ ] Transition Report on Form 20-F [ ] Transition Report on Form N-SAR
[ ] Transition Report on Form 11-K
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.
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
2189 Cleveland Street, Suite 230
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Address of Principal Executive Office (Street and Number)
Clearwater, Florida 33765
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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;
[X]
(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 due date; or the subject quarterly
report of 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
12-b-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.
SEE ATTACHMENT A
(Attach Extra Sheets if Needed)
SEC 1344 (6/94)
<PAGE>
PART IV -- OTHER INFORMATION
1. Name and telephone number of person to contact in regard to
this notification
Philip P. Signore 813 803-1574
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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
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.
SEE ATTACHMENT B
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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 April 1, 1998 By: /S/PHILIP P. SIGNORE
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Philip P. Signore,
Chief Financial Officer
<PAGE>
Form 12b-25
ATTACHMENT A
PART III - NARRATIVE
The Registrant's Annual Report on Form 10-KSB for the fiscal year ended December
31, 1997 could not be filed within the prescribed time period, since the
Company, which is a small Company with limited resources and a small accounting
staff, is in the process of seeking additional financing as well as in the midst
of negotiating with two separate parties to enter into agreements with such
parties to provide the parties with their ticketing requirements; the Chief
Financial Officer is actively involved in these negotiations and his attention
is vital to the financing efforts and the completion of such negotiations. As a
result, the financial statements of the Company for the fiscal year ended
December 31, 1997 have not been prepared during the prescribed time period.
ATTACHMENT B
PART IV - OTHER INFORMATION
The Registrant anticipates reporting that the results of operations for fiscal
year ended 1997 have improved over the results of operations for fiscal year
1996. There has been an increase in revenues and a substantial decrease in
operating expenses. Although the resulting net loss for fiscal year ended 1997
is significantly less that the net loss for fiscal year ended 1996, there has
been no substantial change in the results of operations between the first nine
months of fiscal year 1997 and the last three months of fiscal year 1997.
