U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
Commission File No.: 0-11734
NOTIFICATION OF LATE FILING
[X] Form 10-Q
For Period Ended September 30, 2000
PART I - REGISTRANT INFORMATION
SATTEL GLOBAL NETWORKS, INC.
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Full Name of Registrant
OSTEO SYSTEMS, INC.
2449 Lyric Ave.
Los Angeles, CA 90027
(Former Name and Former Address)
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Former Name of Registrant
9172 Eton Ave.
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Address of principal executive office (Street and Number)
Chatsworth, California 91311
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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)
[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, 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-Q could not be filed
within the prescribed time period.
Registrant's independent auditors have not yet completed their audit of
the financial statements of the Registrant for the quarter ended September
30,2000 and are, therefore, unable to furnish their opinion on such financial
statements.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
George Weischadle (818) 709-6201
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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 Investments 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 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.
SATTEL GLOBAL NETWORKS, 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
thereunto duly authorized.
Date: November 15, 2000 By: /s/__________________
George Weischadle