SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12B-25
Commission File Number 0-23168
NOTIFICATION OF LATE FILING
(Check One): [ ] Form 10-K
[ ] Form 11-K
[ ] Form 20-F
[X ] Form 10-Q
[ ] Form N-SAR
For Period Ended: April 30, 1996
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] 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:________________________
____________
Part I. Registrant Information
Full name of registrant: GameTek, Inc.
Former name if applicable: N/A
Address of principal executive office (Street and number):
3 Harbor Drive
Suite 110
Sausalito, California 94965
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
Form 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 Form 10-K, 11-K,
20-F, 10-Q, N-SAR or the transition report (or portion thereof) could not be
filed within the prescribed time period. (Attach extra sheets if needed.)
The Registrant is in the process of moving its principal offices from
Aventura, Florida, to Sausalito, California. In addition, in May 1996, the
Company accepted the resignation of the individual who had served as its Chief
Financial Officer, and a new Chief Financial Officer took office. In connection
with that management change, the office of the chief financial officer was
relocated to North Carolina, along with most of the financial records of the
Company. This move, as well as the change in management, created unavoidable
delays in locating and verifying financial data required to prepare the
Company's Form 10-Q. As the result of these circumstances, the Registrant's
quarterly report on Form 10-Q could not be filed without unreasonable effort
and expense by the prescribed due date.
Part IV. Other Information
1. Name and telephone number of person to contact in regard to this
notification:
Max Rudminat, Chief Financial Officer (415) 289-0220
(Name) (area code) (Tel. No.)
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. (See Exhibit A for
explanation.)
GAMETEK, INC.
(Name of Registrant as specified in this charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: June 12, 1996 By: s/Max Rudminat
Max Rudminat, its
Chief Financial Officer
EXHIBIT A TO FORM 12B-25 OF
GAMETEK, INC. FOR FORM 10-Q
FOR PERIOD ENDED APRIL 30, 1996
Part IV. Other Information
Item 3: The Company expects to report a loss of approximately $5.3 million
for its fiscal quarter ended April 30, 1996. The Company reported
a net loss of $5.7 million for its fiscal quarter ended April 30,
1995. Net revenues increased from $6.2 million in the third fiscal
quarter of 1995 to $11 million in the third fiscal quarter of 1996,
primarily as a result of an increase in sales of the Company's
interactive entertainment, educational and productivity software
cartridges.
