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, 2001
|_| 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;
(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
[X] 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) SEE
ATTACHMENT.
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/ Gary Barlow
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Gary Barlow, Chief Accounting Officer
ATTACHMENT
PART III. NARRATIVE RESPONSE
The Registrant has been negotiating the terms of a series of
interrelated financing transactions, which, if successfully completed, would
have provided the Registrant with a credit facility to permit the Registrant to
pay its debts as they become due and continue as a going concern, and which
would have resolved certain disputes relating to certain debt of one of the
Registrant's subsidiaries. Those negotiations terminated without successful
resolution on April 2, 2002. The timing of the negotiations (and their outcome)
do not provide Registrant adequate time to incorporate their impact on the
disclosures set forth in the Registrant's annual report on Form 10-K without
unreasonable effort or expense.