<PAGE>
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
FORM 12B-25
NOTIFICATION OF LATE FILING
SEC FILE NUMBER: 0-26684
------------------
CUSIP NUMBER:
--------------
[ ] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11-K [ X ] Form 10-Q
and Form 10-QSB [ ]
For Period Ended: March 31, 1997
---------------------------------------------------------
[ ] 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 I - REGISTRANT INFORMATION
Full Name of Registrant GLOBAL INTELLICOM, INC.
--------------------------------------------------
Former Name if Applicable
Address of Principal Executive Office (STREET AND NUMBER)
747 Third Avenue
---------------------------------------------------------------------------
City, State and Zip Code New York, New York, 10017
--------------------------------------------------
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
<PAGE>
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, 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.
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.
Registrant has encountered delays in finalizing its quarterly report
for the quarter ended March 31, 1997, resulting from (i) ongoing
reorganization of the internal accounting and financial reporting
functions of Registrant and its subsidiaries, and (ii) additional
time required to make appropriate allocation of continuing expenses
and overhead associated with the acquisition of the business of Global
InSync, Inc. and Speech Solutions, Inc. at the end of 1996. Such
delays could not be eliminated prior to May 15, 1997 without
unreasonable effort and expense.
(Attach extra sheets if needed)
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
Johan de Muinck Keizer, General Counsel (212) 750-3772
-------------------------------------------------------------------------
(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under section 13 or 15(d) of
the Securities and 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).
[ 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
If so: attach an explanation of the anticipated change, both
narratively and
<PAGE>
quantitatively, and, if appropriate, state the reasons why a reasonable estimate
of the results cannot be made.
Consolidated results of operations are expected to reflect an
increase in excess of 27% in sales revenues, from $8,701,661 for the
quarter ended March 31, 1996 to approximately $11,100,000 for the
quarter ended March 31, 1997, including the operations of the
Registrant's Global-InSync, Inc. subsidiary, whose business was
acquired in the last quarter of 1996. Registrant also expects to
report a net loss for the March 31, 1997 quarter of approximately $1.5
million, a material change from net income of $29,137 reported for the
comparable 1996 quarter. The loss for the quarter results from a
number of factors, including substantially increased operating
expenses associated with a much larger revenue base and an increased
investment in marketing and sales efforts.
GLOBAL INTELLICOM, 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: May 15, 1997 By: /s/ Howard Maidenbaum
----------------------------- --------------------------------
Name: Howard Maidenbaum
Title: Executive Vice President
INSTRUCTION: The form may be signed by an executive officer of the registrant
or by any other duly authorized representative. The name and title of the
person signing the form shall be typed or printed beneath the signature. If the
statement is signed on behalf of the registrant by an authorized representative
(other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.
ATTENTION
Intentional misstatements or omissions of fact constitute Federal Criminal
Violations (See 18 U.S.C. 1001).
