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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
Commission File Number 33-203323
NOTIFICATION OF LATE FILING
[X] Form 10-K [ ] Form 11-K
[ ] Form 20-F [ ] Form 10-Q [ ] Form N-SAR
For Period Ended: DECEMBER 31, 1999
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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 the Transition Period Ended:
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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:
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PART I REGISTRANT INFORMATION
Full name of registrant ROYAL BODYCARE, INC.
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Former name if applicable GLOBENET INTERNATIONAL I, INC.
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Address of principal executive office (street and number)
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2301 CROWN COURT
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City, State and Zip Code IRVING, TEXAS 75038
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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), 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
[X] 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
State below in reasonable detail the reasons why Form 10-K, 11-K, 20-F,
10-Q, N-SAR or the transition report portion thereof could not be filed within
the prescribed time period. (Attach extra sheets if needed.)
THE REGISTRANT'S FORM 10-K INCLUDES NARRATIVE AND FINANCIALS RELATED TO A
PLANNED SPIN-OFF OF REGISTRANT'S WHOLLY-OWNED SUBSIDIARY, GREAT XPECTATIONS
MARKETING, INC., WHICH HAD BEEN EXPECTED TO BE COMPLETED PRIOR TO THE END OF THE
YEAR. THE REGISTRANT AT THIS TIME, HOWEVER, HAS MADE THE BUSINESS DECISION TO
DISCONTINUE THE PLANNED SPIN-OFF OF GREAT XPECTATIONS MARKETING, INC. THE
REGISTRANT'S FORM 10-K NEEDS TO BE REVISED TO ACCURATELY REFLECT THIS DECISION
NOT TO SPIN-OFF GREAT XPECTATIONS MARKETING, INC. THE REGISTRANT BELIEVES THAT
SUCH REVISIONS CANNOT BE INCLUDED IN THE FORM 10-K WITHIN THE PRESCRIBED TIME
PERIOD WITHOUT UNREASONABLE EFFORT AND EXPENSE.
PART IV. OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
STEVEN E. BROWN 972 893-4000
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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.
THE REGISTRANT'S INCOME FROM CONTINUING OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 1999 WAS $145,000, OR $.01 PER SHARE, COMPARED WITH AN INCOME FROM
CONTINUING OPERATIONS IN THE PRIOR YEAR OF $520,000, A DECREASE OF $375,000.
THIS DECREASE WAS THE RESULT OF THE EXPENSES THE REGISTRANT INCURRED TO SETTLE
THREE LAWSUITS. AT THIS TIME, THE REGISTRANT IS NOT ABLE TO FINALIZE ITS NET
INCOME (LOSS) BECAUSE THE REGISTRANT IS IN THE PROCESS OF DETERMINING WHAT ITS
LOSSES FROM DISCONTINUED OPERATIONS SHOULD BE FOR 1999.
ROYAL BODYCARE, 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: March 30, 2000 By: /s/ STEVEN E. BROWN
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STEVEN E. BROWN, CHIEF FINANCIAL OFFICER
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
signature. If the statement is signed on behalf of the registrant by an
authorized
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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 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 notification 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 13(b)
of Regulation S-T.
