U.S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 12b-25 NOTIFICATION OF LATE FILING (Check One) [X] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11-K [ ] Form 10-Q and Form 10-QSB [ ] 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: If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:. Not Applicable ............................................................................... Part I--Registrant Information Full Name of Registrant Magnitude Information Systems, Inc. ............................................................................... Former Name if Applicable Not Applicable. 401 State Route 24 ............................................................................... Address of principal Executive Office (Street and Number) Chester, New Jersey 07930 ............................................................................... 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) 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 on Form 10-KSB will be filed on or before the fifteenth 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: Not Applicable. PART III--Narrative The reasons Registrant's Annual Report on Form 10-KSB could not be filed by March 31, 2001, the prescribed due date is the Registrant is currently involved in certain significant transactions subsequent to its 2000 year-end, the outcome of which may impact the Registrant's financial condition and business outlook. We plan to file the Form 10-KSB for the fiscal year ended December 31, 2000 on or before the fifteenth calendar day following the prescribed due date. PART IV--Other Information (1) Name and telephone number of person to contact in regard to this notification Steven D. Rudnik, Chief Executive Officer (908) 879-2722 ............................................................................... (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?: [ ] Yes [X] No Magnitude Information Systems, Inc. .............................................................................. (Name of Registrant as specified in charter) has caused this notification to be signed on behalf by the undersigned thereunto duly authorized /s/Steven D. Rudnik Date...March 30, 2000... By.......................................... Steven D. Rudnik, Chief Executive Officer