SECURITIES & EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
Notification of Late Filing
BusinessNet International, Inc.
Commission File Number 33-27652
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(Check one)_X_ Form 10-K and Form 10-KSB Form 11-K Form 20-F
Form 10-Q and Form 10-QSB Form N-SAR
For the period ended December 31, 1996
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Transition Report on Form 10-K and Form 10-KSB
Transition Report on Form 20-F
Transition Report on Form 11-K
Transition Report on Form 10-Q and Form 10-QSB
Transition Report on Form N-SAR
For the transition period ended ______________
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
BusinessNet International, Inc.
_______________________________
Full Name of Registrant
Navigato International, Inc.
___________________________
Former name, if applicable
55 Memorial Blvd., Newport, RI 02840
________________________________________________
Address of principal executive office
PART II
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 appropriate box)
___ (a) The reasons described in 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 10-KSB, 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, 10-QSB,
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 Forms 10-K, 20-F, 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 current report will include, for the first time, the audited
results of operations and recording of an acquisition pursuant to APB16 of a
subsidiary.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
William J. Reilly (410) 683-1570
_________________________________
(2) Have all other periodic reports required under Section 13 or 15(d) or
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. Yes X 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. 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.
Attachment - PART IV
(3) New subsidiary will indicate increased volume.
BusinessNet International, Inc.
______________________________________________
Name of Registrant as Specified in its Charter
Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: March 31, 1997 By: /s/ Harald Madsen
_____________________ _______________________
Chief Financial Officer
