SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
Commission File Number 0-24034
NOTIFICATION OF LATE FILING
(Check One):
[ X ] Form 10-K [ ] Form 11-K [ ] Form 20-F [ ] Form 10-Q
For Period Ended: December 31, 1997
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: Skysat Communications Network Corp.
Former Name if Applicable: ______________________________________
Address of Principal Executive Office (Street and Number): 405
Lexington Avenue, 33rd Floor
City, State and Zip Code: New York, New York 10174
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.)
[ X ] (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 or portion thereof will
be filed on or before the 15th calendar day
following the prescribed due date; or the subject
quarterly report 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 or 10-Q or portion thereof could not be filed within the
prescribed time period.
The Company's Annual Report on Form 10-KSB for the fiscal year
ended December 31, 1997 cannot be filed within the prescribed
time period because the Company is experiencing delays in the
collection and compilation of certain financial and other
information required to be included in the Form 10-KSB. The
Company's Annual Report on Form 10-KSB will be filed as soon
as practicable.
Part IV - Other Information
(1) Name and telephone number of person to contact in regard to
this notification:
Wenona J. Waldo (212) 972-0070
(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 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.
SKYSAT COMMUNICATIONS NETWORK CORP.
(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, 1998 By: /s/WENONA J. WALDO
Wenona J. Waldo
Controller
