U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
NOTIFICATION OF LATE FILING
SEC FILE NUMBER 33-0601502
CUSIP NUMBER 26823A107
(Check One):
[ ] Form 10-K and Form 10-KSB[ ] Form 20-F [ ]Form 11K
[X] Form 10-Q and Form 10-QSB [ ] Form N-SAR
For Period Ended: December 31, 1999
[ ] 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 1 -- REGISTRANT INFORMATION
Full Name of Registrante-automate Corporation
Former Name if Applicableformerly, Aureus Corporation
71 North 490 West
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Address of Principal Executive Office (Street and Number)
American Fork, UT 84003
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City, State Zip Code
PART II -- RULES 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] Yes[ ] No
(a) The reasons defined in reasonable detail in Part III of this form could
not be eliminated without unreasonable effort or expense.
SEE PART III BELOW.
(b) The subject matter 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.
N/A
PART III -- NARRATIVE
State below in reasonable detail the reasons why Form 10-K and Form 10-KSB,
20-F, 11-K, 10-Q and Form 10-QSB, N-SAR, or the transition report or
portion thereof could not be filed within the prescribed period.
e-automate Corporation (THE "COMPANY") IS WAITING FOR THE COMPLETION OF ITS
UNAUDITED FINANCIAL STATEMENT TO BE INCLUDED IN ITS REPORT ON FORM 10-QSB
FOR THE QUARTER ENDED DECEMBER 31, 1999. THE COMPLETION OF SUCH REPORT HAS
BEEN DELAYED DUE TO MANAGEMENT'S REVIEW OF CERTAIN ITEMS IN CONNECTION WITH
THE COMPANY'S OPERATIONS. THE COMPANY INTENDS TO FILE ITS REPORT ON FORM
10-QSB FOR THE QUARTER ENDED DECEMBER 31, 1999 PROMPTLY AFTER THE CONCLUSION
OF THE REVIEW.
PART IV -- OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Justin McHood (801) 492-1705ext. 130
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(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).
[ ] Yes [X] No
Form 8-K/A
(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 ATTACHMENT TO FORM 12B-25 BELOW
e-automate Corporation
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(Name of Registrant as specified in charter)
has caused this notification to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: FEBRUARY 15, 1999
By:
/s/ James K. Phillips
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James K. Phillips
Chief Executive Officer
ATTACHMENT OF FORM 12B-25 FOR
e-automate Corporation
PART IV (3) - EXPLANATION OF SIGNIFICANT CHANGE IN RESULTS OF OPERATIONS
During the reporting quarter revenues decreased by $29,000 to $188,000 as
compared with the comparative prior year period.
Operating losses increased by approximately $2,000,000 as compared to the
same period last year, of approximately $329,000, mainly due to hiring and
training additional personnel and building an infrastructure to handle
future sales and implementations, as well as from increased deferred revenue.
In addition, operating losses increase was attributable to the Company's
growth from a 5-person operation one year ago, to a 50 plus person
operation today.
Basic and diluted loss per common share increased by $0.44 from $0.08 to
$0.52 due to higher expenses and an increase in common shares issued.
