UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One):
Form 10-K Form 20-F Form 11-K X Form 10-Q Form N-SAR
FOR PERIOD ENDED: December 31, 2005
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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 Instruction (on back page) Before Preparing Form.
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:
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PART I - REGISTRANT INFORMATION
Clancy Systems International, Inc.
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Full Name of Registrant
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Former Name if Applicable
2250 S. Oneida St. Suite 308
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Address of Principal Executive Office (Street and Number)
Denver, Colorado 80224
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City, State and Zip Code
PART 11 - 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; and
(X) (b) The subject annual report, Semiannual report, transition
report on Form l0-K, Form 20-F, Form 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 of 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 the Form 10-K, Form
20-F, Form 11-K, Form 1O-Q, Form N-SAR, or the transition report or
portion thereof, could not be filed within the prescribed time period.
(Attach extra sheets if needed.)
At the request of the Company's auditing firm, Stark Winter
Schenkein, the company has been required to obtain a valuation
on its Puerto Rican Subsidiary, Urban Transit Solutions, to
verify that the good will reflected on the Company's annual report
related to Urban Transit Solutions is not in any way impaired. The
Company was notified of this request on January 13, 2006 and has
engaged Cbiz of Colorado to prepare and complete the valuation of
the business.
The Company cannot file its 10-QSB for the quarter ended December
31, 2005 until it files it annual report for the year ended September
30, 2005.
Due to these pending issues, the Company's 10-QSB could not be filed
until completion by auditing firm.
PART IV - OTHER INFORMATION
Name and telephone number of person to contact in regard to
this notification:
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Liz Wolfson 303 753-0197
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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 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).
() Yes (X ) No
For 10-KSB for the year ended September 30, 2005 has
been delayed
(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?
( ) Yes (X) 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.
Clancy Systems International, 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 hereunto duly authorized.
Date: 02/14/06 By: /s/ Lizabeth M. Wolfson
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