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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
Commission File Number: 0-18114
(Check one):
[X] Form 10-K [ ] Form 10-KSB [ ] Form 11-K [ ] Form N-SAR
[ ] Form 20-F [ ] Form 10-Q [ ] Form 10-QSB
For the year ended June 30, 1999
[ ] 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 _________________
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: VirtualFund.com, Inc.
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Former name if applicable: LaserMaster Technologies, Inc.
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Address of principal executive office (street and number): 7090 Shady Oak Road
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City, State and Zip Code: Eden Prairie, Minnesota 55344
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PART II
RULE 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 appropriate box.)
[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
Forms 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 Forms 10-K, 10-KSB, 11-K,
20-F, 10-Q, 10-QSB, N-SAR, or the transition report portion thereof, could not
be filed within the prescribed time period:
The Registrant was unable to file the Annual Report on Form 10-K for the
year ended June 30, 1999 (the "Report") without unreasonable effort or expense
due to delays in gathering certain information for inclusion therein.
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PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
James Horstmann (612) 941-8687
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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 Company's results of operations for the fiscal year ended June 30, 1999
will reflect a net loss of $7,823,113. In comparison, the Company recorded net
income of $1,840,832 for the fiscal year ended June 30, 1998. These results were
released to the market via a press release on August 12, 1999. The financial
information released at that time is not expected to change in the subject
report.
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SIGNATURES
VirtualFund.com, 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: September 28, 1999 By: /s/ James Horstmann
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James Horstmann
Its: Chief Financial Officer
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