SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
Commission File Number 001-09591
Transition Report on Form 20-F Transition Report on Form N-SAR
NOTIFICATION OF LATE FILING
(Check One): Form 10-K Form 11-K Form 20-F X Form 10-Q
Form N-SAR
For Period Ended: June 30, 1998
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:
_______________________________________
Read attached instruction sheet 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:
_________________________________________________________________
_________________________________________________________________
PART I
REGISTRANT INFORMATION
Full name or registrant WorldCorp, Inc.
Former name if applicable
_________________________________________________________________
Address of principal executive offices (Street and number)
13873 Park Center Road, Suite 490
City, state and zip code Herndon, Virginia 20171
PART II
RULE 12-b-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, 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, 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.
PART III
NARRATIVE
State below in reasonable detail the reasons why Form-10K,
11-K, 20-F, 10-Q, N-SAR or the transition report portion thereof
could not be filed within the prescribed time period. (Attached
extra sheets if needed.)
Please see Attachment A attached hereto.
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PART IV
OTHER INFORMATION
(1) Name and telephone number of persons to contact in
regard to this notification
Patrick F. Graham (703) 834-9200
(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 reports (s) been filed? If the answer is
no, identify reports (s).
Yes No
X
(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 statement to
included in the subject report or portion thereof?
Yes No
X
The Company expects to report a larger net loss for the
second quarter ended June 30, 1998, than it reported for the
second quarter of 1997.
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 result cannot be made.
The anticipated change is due primarily to the Company's
reporting of its proportionate share of losses incurred by its
two affiliates, World Airways, Inc. and InteliData Technologies
Corporation.
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WorldCorp, Inc.
(Name of Registrant as Specified in Charter)
Has caused this notification to be signed on its behalf by the
undersigned thereunto duly authorized.
Date 8/14/98 By /s/ Patrick F. Graham
Instructions. The form may be signed by an executive
officer of the registrant or by any other duly authorized
representative. The name and title off the person signing the
form shall be typed or printed beneath the signature. If the
statement is signed on behalf of the registrant by an authorized
representative (other than an executive officer), evidence of the
representative's authority to sign on behalf of the registrant
shall be filed with the form.
ATTENTION
Intentional misstatements or omissions of fact constitute
Federal criminal violations (see 18 U.S.C. 1001).
GENERAL INSTRUCTIONS
1. This form is required by Rule 12b-25 of the General
Rules and Regulations under the Securities Exchange Act of 1934.
2. One signed original and four conformed copies of this
form and amendments thereto must be completed and filed with the
Securities and Exchange Commission, Washington, DC 20549, in
accordance with Rule 0-3 of the General Rules and Regulations
under the Act. The information contained in or filed with the
form will be made a matter of the public record in the Commission
files.
3. A manually signed copy of the form and amendments
thereto shall be filed with each national securities exchange on
which any class of securities of the registrant is registered.
4. Amendments to the notifications must also be filed on
Form 12b-25 but need not restate information that has been
correctly furnished. The form shall be clearly identified as an
amended notification.
5. Electronic Filers. This form shall not be used by
electronic filers unable to timely file a report solely due to
electronic difficulties. Filers unable to submit a report within
the time period prescribed due to difficulties in electronic
filing should comply with either Rule 201 or Rule 202 of
Regulation S-T or apply for an adjustment in filing date pursuant
to Rule 12(b) of Regulation S-T.
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Attachment A
WorldCorp, Inc. (the "Registrant") owns equity positions in
SEC reporting companies that operate in two distinct business
areas: World Airways, Inc. ("World Airways") and InteliData
Technologies Corporation ("InteliData"). Due to the timing of
the receipt of the information needed to complete its financial
statements from World Airways and Intelidata, the Registrant
requires additional time to complete the Quarterly Report on Form
10-Q for the quarter ended June 30, 1998. The Registrant will
file its Quarterly Report on Form 10-Q on or before August 19,
1998, the 5th calendar day following August 14, 1998.
