U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
NOTIFICATION OF LATE FILING
SEC FILE NUMBER 001-15837
CUSIP NUMBER 981558102
(Check One): [X] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11K
[ ] Form 10-Q and Form 10-QSB [ ] Form N-SAR
For Period Ended: December 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:
------------------------------------
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.
- -----------------------------------------------------------------------------
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
- -----------------------------------------------------------------------------
Full Name of Registrant
Former Name if Applicable
WORLD WIRELESS COMMUNICATIONS, INC.
Address of Principal Executive Office (Street and Number)
5670 GREENWOOD PLAZA BOULEVARD, SUITE 340
Greenwood Village, COLORADO 80111
- -----------------------------------------------------------------------------
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 box if appropriate)
[X] (a) The reasons defined in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or
expense.
SEE PART III BELOW.
[X] (b) The subject matter 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.
- ----------------------------------------------------------------------------
PART III -- NARRATIVE
- ----------------------------------------------------------------------------
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.
WORLD WIRELESS COMMUNICATIONS, INC. (THE "COMPANY") IS WAITING FOR THE
COMPLETION OF ITS AUDITED FINANCIAL STATEMENT TO BE INCLUDED IN ITS REPORT ON
FORM 10-K FOR THE YEAR ENDED DECEMBER 31, 2002. THE COMPLETION OF SUCH REPORT
HAS BEEN DELAYED DUE TO THE TIME NEEDED BY THE COMPANY TO COMPLETE ITS REVIEW OF
CERTAIN ITEMS IN CONNECTION WITH ITS RESULTS. THE COMPANY INTENDS TO FILE ITS
REPORT ON FORM 10-K FOR THE FISCAL YEAR ENDED DECEMBER 31, 2002 PROMPTLY AFTER
THE REVIEW OF SUCH INFORMATION.
- ----------------------------------------------------------------------------
PART IV -- OTHER INFORMATION
- ----------------------------------------------------------------------------
(1) Name and telephone number of person to contact in regard to this
notification
STEPHEN R. FIELD, ESQ. (212) 681-0870
- ----------------------------- -------------------------------
(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.
WORLD WIRELESS COMMUNICATIONS, INC.
--------------------------------------------
(Name of Registrant as specified in charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date MARCH 31 , 2002 By /s/ David D. Singer
-------------------------------
DAVID D. SINGER
PRESIDENT AND
CHIEF EXECUTIVE OFFICER
ATTACHMENT TO FORM 12B-25 FILED BY WORLD WIRELESS COMMUNICATIONS, INC FOR THE
FISCAL YEAR ENDED DECEMBER 31, 2002
- --------------------------------------------------------------------------------
It is anticipated that the Registrant will incur a net loss of approximately
$9,846,582 for the year ended December 31, 2002, or a $0.31 loss per share,
compared to a net loss of $8,046,672 or $0.26 loss per share for the year ended
December 31, 2001.
The loss for the year ended December 31, 2002 does not reflect the possible
impact of those items discussed in Part III above, which could be significant.
Also the loss does not consider any adjustments relating to the recoverability
of recorded asset amounts or the amounts and classification of possible
additional liabilities.