SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
Commission File Number: 000-26011
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NOTIFICATION OF LATE FILING
(Check One): [X]Form 10-K | | Form 11-K | | Form 20-F | | Form 10-Q
| | Form N-SAR
For Period Ended: December 31, 2001
| | Transition Report on Form 10-K | | Transition Report on Form 10-Q
| | Transition Report on Form 20-F | | Transition Report on Form N-SAR
| | Transition Report on Form 11-K
Read the attached istruction 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 relates to a portion of the filing checked above, identify
the item(s) to which the notification relates:
PART I
REGISTRANT INFORMATION
Full name of registrant Internet Cable Corporation
Former name if applicable:
195 Riviera Drive, Unit 2
________________________________________________________________________________
Address of principal executive office (Street and number)
Markham, Ontario L3R 5J6 CANADA
________________________________________________________________________________
City, state and zip code
PART II
RULE 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, 20-F, 11-K or Form
N-SAR, or portion thereof will be filed on or before
the 15th 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 the Form 10-K, 11-K, 10-Q,
N-SAR or the transition report or portion thereof, could not be filed within the
prescribed time period.
The Company's Annual Report on Form 10-KSB for the fiscal year ended December
31, 2001 cannot be filed within the prescribed time period because the Company
is experiencing delays in the collection of certain information required to be
included in the Form 10-KSB and in preparing its final audit report. The
Company's Annual Report on Form 10-KSB will be filed as soon as reasonably
practicable and in no event later than the fifteenth calendar day following the
prescribed due date.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Jospeh M. Melanson (313) 218-2276
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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). |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 on 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.
Revenues decreased in fiscal year 2001 to $5.8 million from $10.4 million
in fiscal year 2000. This decrease was principally due to a reduction in
capital spending by our customers. However, net loss decreased in fiscal year
2001 to $3.4 million from $6.9 million in fiscal year 2000.
Internet Cable Corporation
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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 25, 2001 By: /s/ Joseph M. Melanson
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Joseph M. Melanson
Chairman and Cheif Executive Officer