U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SEC File Number 0-26826
CUSIP Number 038 153 10-2
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One):
[X] Form 10-K [ ] Form 20-F [ ] Form 11-K [ ] Form 10-Q [ ] Form N-SAR
For Period Ended: December 31, 1997
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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: N/A
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Part I - Registrant Information
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Full Name of Registrant: Applied Computer Technology, Inc.
Former Name if Applicable: N/A
Address of Principal Executive Office (Street and Number)
2573 Midpoint Drive
City, State and Zip Code
Fort Collins, Colorado 80525
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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)
[X] (a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
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[X] (b) The subject annual report/portion thereof will be filed on or before the
fifteenth calendar day following the prescribed due date; or the subject
quarterly report/portion thereof will be filed on or before the fifth calendar
day following the prescribed due date; and
[X] (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-K, ll-K, 20-F
or 10-Q, N-SAR, or the transition report or portion thereof could not be filed
within the prescribed time period.
The Company's financial statements will not be completed by March 31,
1998.
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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
William T. Hart (303) 839-006l
(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 reports) been filed? If
answer 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
It is expected that the Company will have
a loss of approximately $5,000,000 for the
year ending December 31, 1997.
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Applied Computer Technology, Inc.
(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/ Wiley E. Prentice, Jr.
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Wiley E. Prentice, Jr., President
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ATTENTION
Intentional misstatements or omissions of fact constitute Federal Criminal
Violations (See 18 U.S.C. 1001).
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<PAGE>
HEIN & ASSOCIATES LLP
Certified Public Accounts
7l7 l7th Street, Suite l600
Denver, Colorado 80202-3330
March 30, l998
Securities and Exchange Commission
Washington, D.C. 20549
Re: Applied Computer Technology, Inc.
Gentlemen:
We confirm that the audit of Applied Computer Technology, Inc. is
not yet completed and cannot be completed by the required filing date of March
3l, l998 without unreasonable cost and effort.
Sincerely,
HEIN & ASSOCIATES LLP
