03/24/97 2:10 PM FORM 12B-25 EXTENTION REQUEST
Commission File No. 000-26668
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
FORM 10-K FOR PERIOD ENDED DECEMBER 31, 1996
Nothing in this form shall be construed to imply that the
Commission has verified any information contained herein.
Part I - Registrant Information
SYSTEMS COMMUNICATIONS, INC.
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(Full name of Registrant)
Address of Principal Executive Office:
2575 ULMERTON ROAD, SUITE 300, CLEARWATER, FLORIDA 34622
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Part II - Rules 12b-25 (b) and (c)
(a)The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or
expense;
(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
Continuing cash flow difficulties of the Registrant required the
Registrant to delay payment to its independent accountants, Ernst
& Young LLP, for audit and other services performed by Ernst &
Young LLP for the fiscal year ended December 31, 1995 and the
interim periods of fiscal 1996. Consequently, Ernst & Young LLP
was not willing to provide any further services pending payment
of amounts due them for past services and for services to be
performed in connection with the audit of the Registrants 1996
financial statements.
On or about February 25, 1997, the Company paid all amounts due
Ernst & Young LLP for past services and agreed to pay fees and
expenses for the 1996 audit prior to commencement of their work.
Ernst & Young LLP has scheduled personnel for the Registrants
annual audit which is to begin on or about March 24, 1997. The
Registrant contemplates filing its Form 10-K no later than on
April 15, 1997, after the completion of the Registrants annual
audit by Ernst & Young LLP.
Part IV - Other Information
(1) Name and Telephone number of person to contact in regard to
this notification :
Robert A. Thompson (813) 571-1185
(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)
[X]Yes
[ ]No
Reports not filed:
(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
Explanation of Changes:
The Registrant anticipates that it will report an operating loss
for the year ended December 31, 1996 in excess of the operating
loss reported for the year ended December 31, 1995 and a decrease
in working capital from December 31, 1995 to December 31, 1996.
Systems Communications, Inc. has caused this notification to be
signed on its behalf by the undersigned thereunto duly
authorized.
Date March 24, 1997
By /s/ Edwin B. Salmon, Chairman of the Board of Directors.
