UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One) :[X] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11-K
[ ] Form 10-Q and Form 10-QSB [ ] Form N-SAR
For Period Ended: December 31, 1998
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[ ] 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 Transition Period Ended: ______________________________
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 of Registrant: Corsaire, Inc.
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Former Name if Applicable: Corsaire Snowboard, Inc.
62 Indian Trace, Suite 286
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Address of Principal Executive Office (Street and Number)
Weston, Florida 33326
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City, State and Zip Code
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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) [paragraph 23,047],
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-L 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 [Amended in Release No. 34-26589 (paragraph 72,435), effective April
12, 1989, 54 F.R. 10306.]
(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 10-K and Form 10-KSB, Form
20-F, Form 11-K, Form 10-Q and Form 10-QSB, Form N-SAR, or the transition report
or portion thereof could not be filed within the prescribed period. [Amended in
Release No. 34-26589 (Paragraph 72,439), effective August 13, 1992, 57 FR
36442.] (Attach Extra Sheets if Needed)
See Attached Extra Sheet No. 1
PART IV -- OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
William C. Phillippi, P.A. 954 745-5274
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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). [ ] Yes |X| No
See Attached Extra Sheet No. 1
(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 Attached Extra Sheet No. 1
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Corsaire, 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
thereunto duly authorized.
Date: April 1, 1999 By : /s/ William Roger Dunavant
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William Roger Dunavant, President
INSTRUCTION: The form may be signed by an executive officer of the registrant or
by any other duly authorized representative. The name and title of 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.
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ATTENTION
Intentional misstatements or omissions of fact constitute Federal
Criminal Violations (See 18 U.S.C. 1001).
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Attached Extra Sheet No. 1
Part III Narrative -Corsaire, Inc., formerly known as Corsaire Snowboard, Inc.,
a Delaware corporation (the "Registrant"), has not, without unreasonable effort
or expense, been able to complete its Form 10-KSB for the fiscal year ended
December 31, 1998, by the close of business on March 31, 1999. The last periodic
report filed by the Registrant is its Form 10Q-SB for the quarter ended
September 30, 1996. The Registrant is in the process of preparing all of the
periodic reports that need to be filed in order to bring it current. It has been
unable to get those reports completed by the March 31 deadline.
Item 2, Part IV - The Registrant has not yet filed the following periodic
reports:
1. Form 10-KSB for the year ended December 31, 1996.
2. Forms 10-QSB for the quarters ended March 31, June 30 and September 30, 1997.
3. Form 10-KSB for the year ended December 31, 1997.
4. Forms 10-QSB for the quarters ended March 31, June 30 and September 30, 1998.
5. Form 10-KSB for the year ended December 31, 1998.
Explanation for Item 3, Part IV -The Registrant had no revenues during either of
1997 or 1998. It expects to report a larger loss for 1998 than in 1997 because
of the recognition of legal fees and expenses during 1998.
