U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 12b-25
Notification of Late Filing
(Check One)
[ ] Form 10-K [ ] Form 11-K [ ] Form 20-F [X] Form 10-QSB [ ] Form N-SAR
For Period Ended: September 30, 2000
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:
N/A
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PART I - REGISTRANT INFORMATION
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GLOBAL iTECHNOLOGY, INC.
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(Exact Name of Registrant as Specified in Charter)
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(Former Name)
317 Madison Avenue, Suite 807, New York, New York
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(Address of Principal Executive Office)
10017
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(Zip Code)
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PART II - RULES 12b-25(b) AND (c)
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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;
[X] (b) The subject annual report, semi-annual report; transition
report on Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion
thereof, will be filed on or before the fifteenth 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.
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PART III - NARRATIVE
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State below in reasonable detail the reasons why the Form 10-KSB, 11-K, Form
10-QSB or N-SAR or portion thereof, could not be filed within the prescribed
period.
Registrant is awaiting financial statements for the nine months ended
September 30, 2000 from Enticent.com, Inc. a subsidiary included in the
Registrant's financial statements on the equity basis.
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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
Lee R. Montellaro (212) 697-6131
(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 reports) been
filed? If 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
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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.
It is anticipated that the Quarterly Report will reflect the following changes
in results of operations from the prior fiscal year:
As a result of bankruptcy filings by all but three of the Registrant's domestic
subsidiaries which represent substantially all of the historical operations of
the Registrant, net revenues from continuing operations for the nine months
ended September 30, 2000 are expected to be minimal. However, it is anticipated
that the net loss for the nine months ended September 30, 2000 will be
substantially less. The Registrant currently is in the process of calculating
the net loss for the period and, accordingly, a reasonable estimate of the net
loss cannot be made at this time.
GLOBAL iTECHNOLOGY, INC. has caused this notification to be signed on
its behalf by the undersigned thereunto duly authorized.
Dated: November 13, 2000 GLOBAL iTECHNOLOGY, INC.
By: /s/ Lee R. Montellaro
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Lee R. Montellaro, Chief Financial Officer
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ATTENTION
Intentional misstatements or omissions of act constitute Federal Criminal
Violations (See 18 U.S.C. 1001).
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