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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
NOTIFICATION OF LATE FILING
[X] Form 10-QSB
For Period Ended: September 30, 1996
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PART I - REGISTRANT INFORMATION
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Full Name of Registrant: Intile Designs, Inc.
Former Name if Applicable: N/A
Address of Principal Executive Office:9716 Old Katy Road, Suite 110
City, State, and Zip Code: Houston, Texas 77055
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PART II - RULES 12b-25(b) AND (c)
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(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 quarterly report on Form 10-QSB, or portion thereof
will be filed on or before the fifth calendar day following the prescribed due
date.
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PART III - NARRATIVE
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The company has experienced the loss of its chief financial officer. The
departure has delayed the accounting, compilation and preparation of its
quarterly report for the period ended September 30, 1996. Although a successor
is in place, he has had limited time to complete the steps necessary to timely
file the subject report. Management believes that obtaining professional
assistance with the filing through out-sourcing or from the Company's public
accounting firm (BDO Siedman, LLP) would have been an unreasonable effort and
expense under the circumstances.
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PART IV - OTHER INFORMATION
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(1) Name and telephone number of person to contact in regard to this
notification:
C. Doyle Smith
(713)-468-8400
(2) Have all other periodic records 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
Intile Designs, Inc. has caused this notification to be signed on its
behalf by the undersigned thereunto duly authorized.
Date: November 14, 1996 By: s/ C. William Cox
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C. William Cox, President
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Part VI, Item (3):
The Company reported a net loss during the six months ended September 30,
1995 of $2,508,319 of which $1,865,756 were losses associated with the closure
of TCM Holdings Corporation (Tile City), a wholly owned subsidiary. The Company
closed Tile City on August 3, 1995. While net income has not been determined
for the three months and six months ended September 30, 1996, it is anticipated
that such result will be a significant improvement over the losses reported in
the corresponding period for the last fiscal period.
The Company reported a net profit of $230,633 compared to a net loss of
$2,003,919 for the three months ended June 30, 1996 and 1995, respectively. The
net loss for the three months ended June 30, 1995 included losses of $2,178,011
associated with the closure of Tile City.
