SEC File Number: 001-15617
CUSIP Number: 848506101
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One)
[ ] Form 10-K and Form 10-KSB [ ] Form 11-K [ ] Form 20-F
[x] Form 10-Q and Form 10-QSB [ ] Form N-SAR
For Period Ended: March 31, 2002
[ ] 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: N/A
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
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Full Name of Registrant: Spigadoro, Inc.
Former name if applicable: IAT Multimedia Inc.__
Address of Principal Executive Office (Street and Number):
70 East 55th Street, 24th Floor, New York, New York 10022
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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 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;
[X] (b) The subject annual report, semi-annual report, transition report
on Form 10-K or 10-KSB, 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 or transition report on Form 10-Q or 10-QSB, 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
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State below in reasonable detail the reasons why the Form 10-K or
10-KSB, 20-F, 11-K, 10-Q or 10-QSB, N-SAR or the transition report or portion
thereof, could not be filed within the prescribed time period.
The Form 10-Q for the quarter ended March 31, 2002 could not be filed
within the prescribed time period due to unforeseen difficulties arising in
connection with its preparation.
Part IV - Other Information
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(1) Name and telephone number of person to contact in regard to this
notification:
Jacob Agam (212) 754-4271
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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
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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.
All numbers set forth below are stated in U.S. dollars and have been
translated for convenience purposes only from the Euro, the
registrant's functional currency, based upon an exchange rate of Euro
1.1494 = U.S. $1 as of March 31, 2002.
For the three months ended March 31, 2002, the registrant expects to
incur a net loss of approximately $4.6 million on net sales of
approximately $39.7 million as compared to a net loss of
approximately $3.1 million on net sales of approximately $38.9
million for the comparable three month period in 2001.
Spigadoro, 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: May 15, 2002 By: /s/ Jacob Agam
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Jacob Agam
Chairman of the Board
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