UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 12b-25
Commission file Number 0-16341
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NOTIFICATION OF LATE FILLING
(Check One) (X) Form 10-K ( ) Form 11-K ( ) Form 20-F
( ) Form 10-Q ( ) Form N-SAR
For period Ended: March 31, 2001
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( ) Transition Report on Form 10-K ( ) Transition Report on Form 10-Q
( ) Transition Report on Form 20-K ( ) Transition Report on Form N-SAR
( ) Transition Report on Form 11-K
For the Transition Period Ended: N/A
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Read attached instruction sheet before preparing from. 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: N/A
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PART I
REGISTRANT INFORMATION
Full name of registrant: ADVA International Inc.
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Former name (if applicable): N/A
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Address of principal executive office (Street and number):
454 South Anderson Road
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City, State and Zip Code: Rock Hill, SC 29730
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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 appropriate box.)
(X) (a) The reasons described in a 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
Subsequent to its acquisition in March 2001 of all the issued and
outstanding shares of Global Information Group USA, Inc. ("GIG"), the Company
commenced the relocation to Rock Hill, South Carolina of its principal offices
and those of GIG from their existing locations in Columbia, South Carolina, and
New York City, respectively. Access to documentation and information necessary
to complete the Company's Form 10-KSB was unavoidably delayed. The inaccessible
documentation and information precluded the Company from obtaining the
information necessary to complete the Form 10-KSB and file it in a timely
manner. The Company is now in possession of all material information and
anticipates completing and filing the Form 10-KSB within the extension period.
The acquisition of GIG was accounted for as a reverse merger. As a result, the
historical financial statements of ADVA have been replaced with those of GIG.
The results of operations for ADVA and its subsidiary for the year ended March
31, 2001 will show a significant change as compared to the results of operations
for the year ended March 31, 2000. The Company anticipates a net loss of
approximately $1,468,000, for the year ended March 31, 2001, as compared to a
net loss of $339,000 for the for the prior year. The primary reason for this
change was that the results of operations for fiscal 2001 included an increase
in expenses related to the share exchange of approximately $802,000. In
addition, an increase of about $158,000 in general and administrative expenses
resulted from the Company's efforts to position itself to commence operations in
fiscal year 2002. An increase in interest expense of approximately $188,000
resulted from the amortization of deferred finance charges and almost a full
year of interest on an increased level of debt.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
Anthony Mohr Office: 201.453.8981; 803.327.6790 or Cell: 646.361.4403
(2) Have all other periodic reports required under Section 13 or 14(d) of the
Securities Exchanged Act of 1934 or Section 39 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
earning statement 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 second paragraph in Part III (Narrative), above.
ADVA 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
thereunto duly authorized:
Date: June 29, 2001 By: /s/Anthony E. Mohr
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Anthony E. Mohr
President