Form 12b-25 (Official Text)
Facing Page
Part 1--REGISTRANT INFORMATION
Part II--Rules 12b-25(b) AND (c)
Part III--NARRATIVE
Part IV--OTHER INFORMATION
General Instructions
FORM 12b-25 NOTIFICATION OF LATE FILING
SEC FILE NUMBER
0-24031
CUSIP NUMBER
45810X102
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
(Check One): [X] Form 10-K o Form 20-F o Form 11-K o Form 10-Q o Form N-SAR For
Period Ended: December 31, 2001
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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: ________________________
Read Instruction (on back page) Before Preparing Form. Please Print or Type.
Nothing in this form shall be construed to imply that the Commissions 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 1--REGISTRANT INFORMATION (Official Text)
Integrated Business Systems and Services, Inc.
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Full Name of Registrant:
____________________________________________________________________
Former Name if Applicable
115 Atrium Way, Suite 228
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Address of Principal Executive Office (Street and Number)
Columbia, South Carolina 29223
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City, State and Zip Code
PART II--Rules 12b-25(b) AND (c) (Official Text)
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, 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
[X] (c) The accountant's statement or other exhibit required by Rule 12b-25(c)
has been attached if applicable.
PART III--NARRATIVE (Official Text)
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. (Attach Extra Sheets if Needed)
Integrated Business Systems and Services, Inc. is unable to file its Annual
Report on Form 10-KSB for the period ended December 31, 2001 timely without
unreasonable effort or expense due to unforeseeable delays in preparation of the
financial statements.
The delay in this filing of Form 10-KSB can not be eliminated without
unreasonable effort or expense.
PART IV--OTHER INFORMATION (Official Text)
(1) Name and telephone number of person to contact in regard to this
notification
William S. McMaster (803) 736-5595
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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 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 statement 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 reasons why a reasonable estimate
of the results cannot be made.
Integrated Business Systems and Services, 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
hereunto duly authorized.
Date: April 1, 2002 By: /s/ WILLIAM S. MCMASTER
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William S. McMaster
Chief Financial Officer and General Counsel
EXHIBIT TO FORM 12b-25
April 1, 2002
Mr. William S. McMaster, CFO and General Counsel
Integrated Business Systems and Services, Inc.
115 Atrium Way, Suite 228
Columbia, SC 29223
Dear Mr. McMaster:
You have furnished us with a copy of your "Notification of Late Filing" on Form
12b-25 dated April 1, 2002.
We are in agreement with the comments under Part III of the Form with respect to
the reasons why we are unable to furnish our report on the financial statements
of Integrated Business Systems and Services, Inc. on or before the date the Form
10-KSB of Integrated Business Systems and Services, Inc. for the year ended
December 31, 2001 is required to be filed.
Very truly yours,
/s/ Scott McElveen, L.L.P.
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Scott McElveen, L.L.P.