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OMB APPROVAL
OMB NUMBER: 3235-0058
EXPIRES: JANUARY 31, 2002
ESTIMATED AVERAGE BURDEN
HOURS PER RESPONSE. . . . . . . . . 2.50
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SEC FILE NUMBER
33-83526
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CUSIP NUMBER
46601E 10 5
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(CHECK ONE): / / Form 10-K / / Form 20-F / / Form 11-K
/X/ Form 10-Q / / Form N-SAR
For Period Ended: March 31, 2000
/ / 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: _____________________________
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READ INSTRUCTION (ON BACK PAGE) 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.
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If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:
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PART I -- REGISTRANT INFORMATION
The IXATA Group, Inc.
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Full Name of Registrant
SecurFone America, Inc.
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Former Name if Applicable
8080 Dagget Street, Suite 220
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Address of Principal Executive Office (STREET AND NUMBER)
San Diego, California 92111
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City, State and 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/ (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, Form 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
State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof could not be filed within the
prescribed time period.
The IXATA Group, Inc. (the "Company") is unable to timely file its
Quarterly Report on Form 10-QSB for the quarter ended March 31, 2000
because the Company has only recently completed its audit for last
year, and has not yet completed the preparation of its financial
statements for the first quarter of this year and cannot do so without
unreasonable effort and expense. On March 20, 2000, the Company and
Conte Co., C.P.A., Inc. mutually agreed that Conte Co. would no longer
serve as the Company's independent accountant. The Company has retained
Nation Smith Hermes Diamond, APC, as the Company's independent
accountant. See the Company's Current Report on Form 8-K/A dated March
20, 2000 and filed with the Securities and Exchange Commission on April
24, 2000. The Company intends to file its Form 10-QSB within the time
period prescribed by Rule 12b-25.
PART IV -- OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Andrew H. Kent 800 473-6748
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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 The Company has not filed its Annual Report on Form
10-KSB for the year ended December 31, 1999.
(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.
The Company was organized to develop and market prepaid wireless
products and services in various markets throughout the United States.
In the second quarter of 1999, the Company sold a portion of its
prepaid cellular assets and subsequently disposed of the remainder of
its wireless operations. See the Company's Current Report on Form 8-K
dated April 22, 1999 and filed with the Securities and Exchange
Commission on March 13, 2000. On July 1, 1999, the Company acquired
IXATA, Inc., a global provider of Internet based business-to-business
and e-commerce services for the corporate travel and hospitality
market. See the Company's two Current Reports on Form 8-K dated July 1,
1999 and filed with the Securities and Exchange Commission on July 19,
1999 and March 10, 2000. As a result of these transactions, the Company
anticipates that certain accounts in the financial statements for the
quarter ended March 31, 1999 and the period from May 20, 1996 (date of
inception) to March 31, 2000 will be reclassified for comparative
purposes to conform with the presentation in the March 31, 2000
financial statements.
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The IXATA Group, Inc. has caused this notification to be signed on its behalf by
the undersigned hereunto duly authorized.
THE IXATA GROUP, INC.
Date: April 12, 2000 /s/ Andrew H. Kent
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By Andrew H. Kent, Chief Financial Officer
