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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
COMMISSION FILE NUMBER 0-21910
NOTIFICATION OF LATE FILING
(Check One):
[X] Form 10-KSB [ ] Form 11-K [ ] Form 20-F [ ] Form 10-Q
For Period Ended: JUNE 30, 1998
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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:__________________________
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
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Full Name of Registrant: CONTINUCARE CORPORATION
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Former Name if Applicable: ZANART ENTERTAINMENT INCORPORATED
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Address of Principal Executive Office (Street and Number):
100 SOUTHEAST SECOND STREET, 36TH FLOOR
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City, State and Zip Code: MIAMI, FLORIDA 33131
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PART II - RULE 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 appropriate box.)
[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 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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State below in reasonable detail the reasons why the Form 10-K, 11-K, 20-F or
10-Q or portion thereof could not be filed within the prescribed time period.
SEE ATTACHMENT HERETO
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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:
CHARLES M. FERNANDEZ (305) 350-7515
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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.
SEE ATTACHMENT HERETO
CONTINUCARE CORPORATION
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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: September 23, 1998 By: /s/ Charles M. Fernandez
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Name: Charles M. Fernandez
Title: President and Chief Executive
Officer
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ATTACHMENT TO FORM 12b-25
FORM 10-KSB FOR THE YEAR ENDED JUNE 30, 1998
PART III - NARRATIVE
The Registrant's principal executive office, as well as the offices of the
Registrant's auditors, attorneys and financial printer, are located in Miami,
Florida. On September 23, 1998 the National Hurricane Center declared a
hurricane watch for Miami-Dade County and the surrounding South Florida area,
and it is anticipated that a hurricane warning will be issued. The Registrant
and the Registrant's auditors and attorneys are in the process of preparing for
the hurricane and anticipate closing their offices. As such, the Registrant is
experiencing delays in the collection and compilation of certain financial
information required to be included in the Form 10-KSB. The Registrant intends
to file the Form 10-KSB as soon as reasonably practicable.
PART IV - OTHER INFORMATION
The Company currently estimates that it will report a net loss before taxes for
the year ended June 30, 1998 in the range of approximately ($14 million) to ($16
million), as compared to the previously reported income before taxes of
approximately $2.9 million for the year ended June 30, 1997.
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