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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 / X / Form 20-F / / Form 11-K / / Form 10-Q
and Form 10-QSB / /
For Period Ended: December 31, 1997
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/ / 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 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.
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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
Full Name of Registrant GLOBAL INTELLICOM, INC.
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Former Name if Applicable
Address of Principal Executive Office (STREET AND NUMBER)
747 Third Avenue
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City, State and Zip Code New York, New York, 10017
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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
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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.
As previously reported, Registrant has determined to discontinue certain
operations conducted through its Nevcor and Speech Solutions
subsidiaries. In addition, as part of an internal realignment of its
operating structure, Registrant has determined to discontinue its Natcom
business. Additional time is required to complete the Registrant's 1997
consolidated financial statements in order to permit it to review and
assess the costs, expenses, estimates and allocations associated with the
several discontinued operations, and to restate prior years' financial
statements in accordance with the rules applicable to the reporting of
discontinued operations. The delay in completion of such financial
statements could not be eliminated 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
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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 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
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quantitatively, and, if appropriate, state the reasons why a reasonable estimate
of the results cannot be made.
There will be significant changes in revenues and operating results
from continuing operations because of the discontinuance of certain
Nevcor, Speech Solutions and Natcom business as noted above. Also,
because of the need to review and assess the costs, expenses and
allocations related to such discontinued operations, and the requirement
to recast prior years' financial statements in a form which takes account
of continuing and discontinued operations on a consistent basis, the
Registrant is as yet unable to present a reasonable estimate and
comparison of results from continuing operations for 1997 and prior years.
GLOBAL INTELLICOM, INC.
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(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 31, 1998 By: /s/ Howard Maidenbaum
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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).
