UNITED STATES SEC File Number
SECURITIES AND EXCHANGE COMMISSION 0-15476
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
[ ] Form 10-K [ ] Form 10-F [ ] Form 11-K [X] Form 10Q [ ] 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:________________________
Nothing in the 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
ZAXIS INTERNATIONAL INC
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Full Name of Registrant
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Former Name if Applicable
1890 Georgetown Road
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Address of Principal Executive Office (STREET AND NUMBER)
Hudson, OH 44236
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City, State and Zip Code
PART II - 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 appropriate box)
- (a) The reasons described in reasonable detail in Part II 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, 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 reason why the Form 10-K and 10-KSB,
11-K, 20-F, 10-Q, and 10-QSB, N-SAR, or the transition report or portion
thereof, could not be filed with the prescribed time period.
Zaxis International Inc. (the "Company") is unable to timely file its Form
10-QSB for the quarter ended March 31, 2002 because the Company's payments
to its Independent Auditors are in arrears and, therefore have not yet
performed a timely quarterly review. Zaxis International Inc. intends to
file its Form 10-Q on or before May 20, 2002.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Mr. Leonard Tannen (330) 650-0444
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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 reports
been filed? If 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?
( ) Yes ( x ) No
If so, attach an explanation of the anticipated change, both
narratively and quantitatively, and if appropriate, state the reason
why a reasonable estimate of the results cannot be made:
Zaxis International Inc.
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(Name of Registrant as Specified in Charter)
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has caused this notification to be signed on its behalf by the
undersigned hereunto duly authorized.
Date May 15, 2002 By /s/ Leonard P. Tannen
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President and Chief Executive Officer