SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 12b-25
Commission File Number 0-23111
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NOTIFICATION OF LATE FILING
(Check one): [X] Form 10-KSB [ ] Form 20-F [ ] Form 11-K [ ] Form 10-Q
[ ] Form N-SAR
For period ended September 30, 2001
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[ ] Transition Report on Form 10-K [ ] Transition Report on Form 10-Q
[ ] Transition Report on Form 20-F [ ] Transition Report on Form N-SAR
[ ] Transition Report on Form 11-K
For the transition period ended:
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 I
REGISTRANT INFORMATION
Full Name of Registrant A NOVO BROADBAND, INC.
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Former Name if Applicable CABLE LINK, INC.
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Address of Principal Executive Office (Street and Number)
3015 Greene Street
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City, State and Zip Code Hollywood, Florida 33020
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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;
|
| (b) The subject annual report on Form 10-KSB, or portion
| thereof, 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.
PART III
NARRATIVE
State below in reasonable detail the reasons why Forms 10-KSB, 20-F, 11-K,
10-Q, N-SAR, or the transition report or portion thereof, could not be filed
within the prescribed time period.
An extension of time to prepare and submit Registrant's Report on Form
10-KSB is being requested because the Company has terminated the employment of a
number of employees who would prepare the Company's report. While new employees
have been named to replace these terminated employees, the new employees could
not prepare and file the Form 10-KSB without unreasonable effort or expense.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
Bob Binsky 954 954-921-3870
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(Name) (Area Code) (Telephone Number)
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(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 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?
[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.
A Novo Broadband, Inc. (the "Company") reported loss before income
taxes of approximately $55,000 for the year ended September 30, 2000. The
Company currently anticipates reporting a loss before income taxes of
approximately $3,507,000 for the year ended September 30, 2001. The main
components contributing to the anticipated net loss for the year ended September
30, 2001 are (i) an increase in the cost of goods sold as a percentage of
revenues from 64% to approximately 74% as a result of (x) an overall different
mix of sources of revenues, and (y) a writedown of inventory related to the
Company's refurbishment business (which is no longer the Company's primary
business) in the approximate amount of $700,000, and (ii) an increase of
approximately $4,100,000 in operating costs, a substantial portion of which is
attributable to (x) the Company's increased capacity and (y) approximately
$600,000 of one-time severance costs related to the termination of Company
employees in September 2001.
A Novo Broadband, Inc. has caused this notification to be signed on its
behalf by the undersigned hereunto duly authorized.
Date: December 31, 2001 By: /s/ Bob Binsky
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Bob Binsky
Chief Development Officer
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