UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 12B-25
NOTIFICATION OF LATE FILING
(Check One): |X| Form 10-K |_| Form 20-F |_| Form 11-K |_| Form 10-Q
|_| Form N-SAR
For Period Ended: December 31, 2000
|_| 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: ______________________
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Read instruction (on back page) 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.
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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
Convergence Communications, Inc.
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Full Name of Registrant
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Former Name if Applicable
102 West 500 South, Suite 320
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Address of Principal Executive Office (Street and Number
Salt Lake City, Utah 84101
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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 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, 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 RESPONSE
State below in reasonable detail the reasons why Form 10-K and 10-KSB, 20-F,
11-K, 10-Q, N-SAR, or the transition report or portion thereof could not be
filed within the prescribed period. (Attach Extra Sheets if Needed)
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
Scott R. Carpenter (801) 532-1234
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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 the answer is no, identify report(s).
|X|Yes |_| No
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(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 reasons
why a reasonable estimate of the results cannot be made.
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Convergence Communications, Inc.
(Name of Registrant as specified in charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Dated: April 2, 2001 By: /s/ Jerry Slovinski
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Jerry Slovinski, Chief Financial Officer
ATTACHMENT
PART III. NARRATIVE RESPONSE
Registrant has entered into a vendor financing relationship with
Alcatel, pursuant to which Alcatel will design and build Registrant's
pan-regional telecommunications network and finance those design and build
activities. The Alcatel relationship is Registrant's primary financing
relationship.
Registrant has engaged, and continues to engage, in a number of
discussions with Alcatel regarding the characterization of Registrant's
obligations to Alcatel for financial reporting purposes. Registrant is also
engaged in continuing discussions with its independent public accountants and
legal counsel regarding the characterization of those obligations and the impact
that the characterization of those obligations would have on Registrant's
financial statements. Because of the materiality of the Alcatel financing
arrangement to Registrant's business, operations and financial statements,
Registrant believes that any disclosure regarding the characterization of its
obligations to Alcatel, and the impact that any such characterization would have
on Registrant's financial statements, could be materially misleading. Registrant
believes, however, that its discussions with Alcatel regarding the
characterization of its obligations under the financing arrangement will be
finalized, and that its annual report on Form 10-KSB will be filed, on or before
the fifteenth day following the prescribed due date for such report.