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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: DECEMBER 31, 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; and
(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's financial officer assumed his duties during the quarter ended
December 31, 1996, the subject quarter of this filing. The Company did not
have a financial officer for a substantial period of time and those company
personnel who were capable substitutes could not be reassigned from other
duties. 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 outsourcing 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: February 14, 1997 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 nine months ended December
31, 1995 of $3,117,850 of which $1,865,751 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 nine months ended December 31, 1996,
it is anticipated that such results 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 $226,423 compared to a net loss of
$2,508,319 for the six months ended September 30, 1996 and 1995,
respectively. The net loss for the six months ended September 30, 1995
included losses of $2,569,128 associated with the closure of Tile City.
