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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
SEC FILE NUMBER
NOTIFICATION OF LATE FILING 0-17204
FORM 10-KSB CUSIP NUMBER
4566 3L 30 4
For Period Ended: March 31, 1997
[Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.]
PART I - REGISTRANT INFORMATION
INFINITY, INC.
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Full Name of Registrant
Not Applicable
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Former Name if Applicable
211 West 14th Street
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Address of Principal Executive Office (Street and Number)
Chanute, Kansas 66720
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City, State and Zip Code
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)
(a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
(b) The subject annual report, semi-annual report, transition report on
Form 10-K, Form 20-F, 11-K, Form N-SAR, or portion thereof, will be
filed on or before the fifteenth calendar day following the
[X] 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; and
(c) The accountant's statement or other exhibit required by Rule 12b-
25 has been attached if applicable.
PART III - NARRATIVE
State below in reasonable detail the reasons why the Form 10-K, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period.
The Company's President was out of town during the last week and unavailable
to assist with the final preparation and review of the Form 10-KSB which
prevented the Company from being able to file the Form 10-KSB without
unreasonable effort or expense.
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PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
Jon D. Sawyer 303/893-2300
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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
reports) been filed? If 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
EXPLANATION OF THE ANTICIPATED CHANGE AND REASONS WHY A REASONABLE ESTIMATE OF
THE RESULTS CANNOT BE MADE:
The Company anticipates that it will report that its oil field services
segment generated $4,688,793 in revenues and $2,480,130 in cost of sales
during the year ended March 31, 1997, compared to $3,814,456 in revenues and
$2,123,195 in cost of sales for the year ended March 31, 1996. The Company
also expects to report that operating expenses incurred by the oil field
services segment of the Company were $1,515,883 for the year ended March 31,
1997, and $1,641,931 for the year ended March 31, 1996. The improved results
are attributed to the Company being able to significantly increase sales
primarily in Colorado and Oklahoma while continuing measures to control costs.
The Company expect to report that its environmental services segment,
which includes all water treatment activities, generated $346,545 in revenues
and $190,215 in cost of sales during the year ended March 31, 1997, compared
to $1,092,614 in revenues and $1,204,543 in cost of sales for the year ended
March 31, 1996. Operating expenses incurred by the environmental services
division are expected to total $292,539 for the year ended March 31, 1997, as
compared to $839,868 for the year ended March 31, 1996. The significant drop
in revenue, cost of sales and operating expenses resulted from the reduction
in water research and treatment activities culminating in the license
agreement with BOC Gases in January 1996, and the management and lease
agreement with an environmental services company in October 1996 by which the
Company turned over the operation of its water treatment facilities to that
company.
Based on the above, the Company anticipates that it will report net
income of approximately $219,847 for the year ended March 31, 1997, as
compared to a net loss of $(1,826,439) for the prior year.
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INFINITY, 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
hereunto duly authorized.
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INFINITY, INC.
By/s/ Stanton E. Ross
Stanton E. Ross, President
Date: June 26, 1997
[ATTENTION: Intentional misstatements of omissions of fact constitute Federal
Criminal Violations (See 18 U.S.C. 1001).]
