Form 12b-25
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20459
FORM 12B-25
NOTIFICATION OF LATE FILING
(Check One):
[X] Form 10-K and 10-KSB [ ] Form 20-F [ ] Form 11-K [ ] Form 10-QSB [ ] Form N-SAR
For Period Ended: December 31, 2002
[ ] 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 related to a portion of the filing checked above, identify the
Item(s) to which the notification relates:
Part I-Registrant Information
Whitney Information Network, Inc.
(Full name of Registrant)
.................................................................................
4818 Coronado Parkway
(Address of Principal Executive Office)
.................................................................................
Cape Coral, Florida 33904
(City State Zip)
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)
(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 10-KSB, 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 Form 10-QSB, 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 10-KSB, 20-F,
11-K, 10-Q and 10-QSB, N-SAR or the transition report or portion thereof could
not be filed within the prescribed time period.
More time is needed to accumulate information.
Part IV. Other Information
(1) Name and telephone number of person to contact in regard to this
notification
Ronald S. Simon (941) 542-8999
(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 (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. EXHIBIT 1
Whitney Information Network, Inc.
has caused this notification to be signed on its behalf by the
undersigned thereunto duly authorized.
Date April 1, 2003 /s/ Ronald S. Simon, Secretary / Treasurer / CFO
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).
- --------------------------------------------------------------------------------
EXHIBIT 1: Change in operations: As a result of an increase in revenue of
approximately $20 million from 2001 to 2002, the Company has tentatively
recorded a corresponding increase in net income of approximately $3.7 million
over the prior year.
