SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
Commission File Number 033-55254-19
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
|_| Transition Report on Form 10-K |_| Transition Report on Form 10-Q |_|
Transition Report on Form 20-F |_| 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
Full name of registrant Vianet Technologies, Inc.
Former name if applicable
Address of principal executive office 83 Mercer Street, 3rd Floor
City, state and zip code New York, New York 10012
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 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, 20-F, 11-K or Form 10-Q, or portion
therof will be filed on or before the 15th calendar day
|X| 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.
<PAGE>
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.
During the last fiscal year, the Company completed the acquisition of
Infinop Holdings, Inc. ("Infinop"), a Delaware corporation (October, 1999), and
PSI Communications, Inc., a Delaware corporation (December 1999). In addition,
the Company completed the acquisition and subsequent disposition of Develcon
Electronics, Ltd. ("Develcon"), a Canadian corporation (May, 1999 and December,
1999, respectively). The compilation, dissemination and review of financial
information to be presented in the audited financial statements included in the
Form 10-K has imposed time constraints that have rendered timely filing of the
Form 10-K impracticable without undue hardship and expense to the registrant.
The registrant undertakes the responsibility to file its annual report for the
period ending December 31, 1999, no later than fifteen days after its original
date.
Part IV
Other Information
(1) Name and telephone number of person to contact in regard to this
notification
Bruce Arnstein (212) 219-7680
(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?
|_| 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.
Vianet Technologies, 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 March 30, 2000 By: /s/ Vincent Santivasci
Vincent Santivasci,
Chief Financial Officer
