-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Krgp1shZCjtIQLYtzg0bemgeQEiR/s0KCD/e/ROE/pVzAcYNkU0OPhcmmv2nONAG VXTl6MOjdnU4wINS+kr7SA== 0001050234-99-000035.txt : 19990403 0001050234-99-000035.hdr.sgml : 19990403 ACCESSION NUMBER: 0001050234-99-000035 CONFORMED SUBMISSION TYPE: NT 10-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19981231 FILED AS OF DATE: 19990401 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WORLD WIRELESS COMMUNICATIONS INC CENTRAL INDEX KEY: 0001031744 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATION SERVICES, NEC [4899] STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NT 10-K SEC ACT: SEC FILE NUMBER: 333-38567 FILM NUMBER: 99585196 BUSINESS ADDRESS: STREET 1: 150 WRIGHT BROS DR STREET 2: # 570 CITY: SALT LAKE CITY STATE: UT ZIP: 84116 BUSINESS PHONE: 8015756600 MAIL ADDRESS: STREET 1: 150 WRIGHT BROTHERS DR SUITE 570 CITY: SALT LAKE CITY STATE: UT ZIP: 84116 NT 10-K 1 U.S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 12B-25 NOTIFICATION OF LATE FILING SEC FILE NUMBER 333-38567 CUSIP NUMBER 981558102 (Check One): [X] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11K [] Form 10-Q and Form 10-QSB [ ] Form N-SAR For Period Ended: December 31, 1998 [ ] 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: Read Attached Instruction Sheet 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. If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates: PART 1 -- REGISTRANT INFORMATION Full Name of Registrant Former Name if Applicable WORLD WIRELESS COMMUNICATIONS, INC. Address of Principal Executive Office (Street and Number) 2441 SOUTH 3850 WEST WEST VALLEY CITY, UTAH 84120 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] Yes [ ] No (a) The reasons defined in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense. SEE PART III BELOW. (b) The subject matter 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. N/A PART III -- NARRATIVE State below in reasonable detail the reasons why Form 10-K and Form 10-KSB, 20-F, 11-K, 10-Q and Form 10-QSB, N-SAR, or the transition report or portion thereof could not be filed within the prescribed period. WORLD WIRELESS COMMUNICATIONS, INC. (THE "COMPANY") IS WAITING FOR THE COMPLETION OF ITS AUDITED FINANCIAL STATEMENT TO BE INCLUDED IN ITS REPORT ON FORM 10-K FOR THE YEAR DECEMBER 31, 1998. THE COMPLETION OF SUCH REPORT HAS BEEN DELAYED DUE TO THE ACCOUNTANT'S REVIEW OF CERTAIN ITEMS IN CONNECTION WITH THE COMPANY'S OPERATIONS. THE COMPANY INTENDS TO FILE ITS REPORT ON FORM 10-K FOR THE YEAR ENDED DECEMBER 31, 1998 PROMPTLY AFTER THE RECEIPT OF SUCH AUDITED FINANCIAL STATEMENT. PART IV -- OTHER INFORMATION (1) Name and telephone number of person to contact in regard to this notification STEPHEN R. FIELD, ESQ. (212) 332-6050 ----------------------------------------------------------- (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? [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. WORLD WIRELESS COMMUNICATIONS, INC. ------------------------------------------- (Name of Registrant as specified in charter) has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized. Date MARCH 31, 1999 By /s/ David D. Singer ----------------------- David D. Singer President and Chief Executive Officer ATTACHMENT OF FORM 12B-25 FOR WORLD WIRELESS COMMUNICATIONS, INC. PART IV (3) - EXPLANATION OF SIGNIFICANT CHANGE IN RESULTS OF OPERATIONS The Registrant's estimated loss for calendar year 1998 is approximately $15,083,000, which is approximately $7,553,000 higher than the loss for calendar year 1997. Such increased loss was attributable to (a) a one-time charge for the write-off of good will of approximately $5,840,000,(b) non-cash interest charges incurred in connection with the issuance of warrants pursuant to the Registrant's bridge financing of $2,500,000 in May, 1998 and (c) increased administrative and other operating expenses of approximately $2,411,000. -----END PRIVACY-ENHANCED MESSAGE-----