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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25 SEC File Number 0-15399
CUSIP Number 261983100
NOTIFICATION OF LATE FILING
(CHECK ONE):
/X/ Form 10-QSB
For Period Ended:
June 30, 1996
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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
Dreams, Inc.
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Former Name if Applicable
StratAmerica Corporation
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Address of Principal Executive Office (Street and Number)
42-620 Caroline Court
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City, State and Zip Code
Palm Desert, California 92211
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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)
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/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 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.
/ / (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 Form 10-K, 11-K, 20-F, 10-Q
or N-SAR, or the transition report or portion thereof could not be filed
within the prescribed time period.
We are unable to file Form 10-QSB on or before the date it is required to be
filed because of additional time requirements to close and consolidate the
Company and its subsidiaries.
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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
J. Scott Hunter (801) 532-3000
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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? / / Yes /X/ 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.
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Dreams, Inc.
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date By: /s/ Dale E. Larsson
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Dale E. Larsson
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