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FORM 12b-25
US SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
NOTIFICATION OF LATE FILING
(Check One)
(X) Form 10-K ( ) Form 11-K ( ) Form 20-F ( ) Form 10-Q ( ) Form N-SAR
For Period Ended: December 31, 1999
( ) 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: N/A
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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
Part I - Registrant Information
Full Name of Registrant: Magnavision Corporation
Former Name of Registrant: N/A .
Address of Principal
Executive Officer (Street and Number): 1725 Highway 35
Wall, NJ 07719
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)
(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, Form 20-F, Form 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
( ) (c) The accountant's statement or other exhibit required by Rule
12b - 25 has been attached if applicable.
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Part III - Narrative
State below in reasonable detail the reasons why the Form 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.
On March 15, 2000, the Company signed on an agreement with Lamont
Television Systems Inc., to sell its Private Cable business. The sale
is expected to close on March 31, 2000. The Company believes aspects
from the sale should be disclosed in its 10-K. Due to the time of the
close, the Company has concluded it cannot complete the 10-K on a
timely basis without unreasonable effort and expense. The Company will
file the 10-K as soon as reasonably practicable, but before April 15,
2000
Part IV - Other Information
(1) Name and telephone number of person to contact in regard to this
notification:
Jeffrey Haertlein (732) 449-1200
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(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 12 of 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
If so: attach an explanation of the explanation of the anticipated
change, both narratively and quantitatively, and, if appropriate, state
the reasons why a reasonable estimate of the results can not be made.
MAGNAVISION CORPORATION
(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 23, 2000 /S/ .
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Jeffrey Haertlein
Vice President
Chief Financial Officer
