UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
SEC FILE NUMBER
000-27783
CUSIP NUMBER
928366 10 3
| (Check One): | [X] Form 10-K [ ] Form 20-F [ ] Form 11-K [ ] Form 10-Q [ ] Form 10-D |
[ ] Form N-SAR [ ] Form N-CSR
For Period Ended: December 31, 2009
[ ] 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 (on back page) 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
VISTA INTERNATIONAL TECHNOLOGIES, INC.
Full Name of Registrant
Former Name if Applicable
88 Inverness Circle East, Suite N-103
Address of Principal Executive Office (Street and Number)
Englewood, Colorado 80112
City, State and Zip Code
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)
[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, Form N-SAR, or Form N-CSR, 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 subject distribution report on Form 10-D, 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
Vista International Technologies, Inc. was unable to complete and file its Annual Report on Form 10-K for the fiscal year ended December 31, 2009 within the prescribed time period due to delays in obtaining and compiling the business and financial data and information necessary to complete the Company’s financial statements for the fiscal year ended December 31, 2009 and the Company’s Annual Report, which resulted from unforeseeable and unanticipated technical issues arising from the conversion of the Company’s accounting hardware and software platform during the months of February and March 2010.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this notification:
| Thomas Pfisterer | (303) | 690-8300 |
| (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 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.
Explanation of Anticipated Change
The Company anticipates that its 2009 revenue and net income from its tire fuel processing operations will reflect an increase over the twelve months ended December 31, 2008. The expected increase is due to a volume agreement with a major generator in the second quarter of 2009.
Similarly, cost of goods sold for our tire fuel processing operations is also expected to increase for the twelve months ended December 31, 2009 as compared to the same period in 2008. Overall, the increase in cost of revenue is due to an increase in operations volume and related operating costs at the facility through 2009.
As a result of the above, net loss is expected to decrease for the year ended December 31, 2009 compared to the net loss for the year ended December 31, 2008. However, the final adjustments needed to complete the Company’s annual financial statements will determine the Company’s results of operations for the twelve months ended December 31, 2009. These final adjustments have not been completed, and accordingly, a reasonable estimate of the anticipated net loss decrease cannot be made at this time.
VISTA INTERNATIONAL TECHNOLOGIES, INC.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: April 1, 2010 | | By: | |
| | | Name: | Thomas Pfisterer |
| | | Title: | Chief Executive Officer |
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).
