U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING SEC FILE NUMBER
0-19492
(Check One): CUSIP NUMBER
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[x] Form 10-K and Form 10-KSB [X] Form 20-F [ ] Form 11-K
[ ] Form 10-Q and Form 10-QSB [ ] Form N-SAR
For Period Ended: December 31, 1998
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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 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.
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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
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Full Name of Registrant
Former name if Applicable
nVIEW Corporation
Address of Principal Executive Office (Street and Number)
860 Omni Blvd.
City, State and Zip Code
Newport News, VA 23606
Part II - Rules 12b-25 (b) and (c)
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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 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 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.
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Part III - Narrative
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State below in reasonable detail the reasons why Form 10-K and Form 10-KSB,
20-F, 11-K, 10-Q and Form 10-QSB, N-SAR, or the transition report or portion
thereof could not be filed within the prescribed period. During the first
quarter of 1998, the Registrant's senior management has focused on repositioning
the Registrant and its product line. These efforts included the negotiation of a
joint venture with Snell & Wilcox, negotiation and consummation of a loan
agreement with a new bank to replace its prior banking relationship, new product
development and other strategic initiatives. As a result of these endeavors, the
senior management has been unable to complete the Registrant's Annual Report
without unreasonable effort and expense.
(Attach Extra Sheets if Needed)
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Part IV - Other Information
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(1) Name and telephone number of person to contact in regard to
this notification.
Jerry W. Stubblefield 757-873-1354
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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 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. Please see Exhibit A
attached.
nVIEW 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.
nVIEW Corporation
Date 4/1/98 By /s/ Jerry W. Stubblefield
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Jerry W. Stubblefield, Chief Financial Officer
EXHIBIT A
The Registrant experienced a significant decline in sales for the year
ended December 31, 1997 as compared to the year ended December 31, 1996
resulting in a net loss for 1997 of approximately $9.3 million, compared to a
net loss of $805,000 for the same period of 1996.